Which is the most fastly growing property- land or bank money?

India
December 19, 2006 1:01pm CST
In our state and locality where there is high population density land wealth is growing fast than bank money. Do you agree it?
1 response
@lafavorito (2966)
• Philippines
19 Dec 06
Land increases more in value rather than money deposited in banks. For example a House & Lot here in our city costs 5.5 million pesos this year, next year it will be around 5.8 million.. Money in banks only earns 1-2% per year, even if your money is worth 5.5 million, your interest earnings will only be 55,000 less 20% withholding taxt so it totals into 44,000 interest earnings per year.