Do you think selling your property is better than taking loan? - page 8.

A friend contacted me yesterday for some loans, which I declined (with some excuses) because I knew he really had no means of fast repayment. After some time, he called again and requested that I buy his refrigerator or his washing machine instead. Although I don't have a washing machine, but I had no interest in buying anything at that moment, so I contacted another of my friend who bought the refrigerator and the washing machine from that guy.

It's not a surprise that sometimes we find ourselves in emergencies that really require some funds to solve the problem at hand. We all know that life treats everyone differently depending on the country, city, or village in which they find themselves. You can't blame anyone or say it's a result of bad budgeting plans or inability to save for emergencies.

I just decided to put this up here to see what you guys think about it. If you are in a situation that requires some funds immediately, would you go for a loan or would you sell one of your properties to solve the problem? And which of them is a better option, to sell property or to take a loan?

Topic: Do you think selling your property is better than taking loan? - page 8. (Read 813 times)