My one dream is own house, now reconsidering

Pro tip : If you are planning to buy house with 20 -25 years timeframe, AVOID... Job scenario is going to change drastically after 5 years.... Especially if you are in private sector. Govt employee can go ahead with their plans as usual... However if you think you can afford a home right now or with loan of timeframe less than 7 years....tou can go ahead with it... Thank me later!

Purchased a few properties this is my experience. The hotel that I own I like to stay in the room itself most of the time… cleaned regularly can take anyone there and go to home once in a while to meet parents. In the hotel I can bring anybody and they don’t know where I live is a plus

Have one property that you own atleast. It’s always a good hedge against circumstances in this country.

If you rent for life, you'll still be able to live in desired places at a lesser cost (comparing rent vs EMI). You can change every few years and that ways, you'll have the luxury of novelty too. Downside is that you won't have a property to pass to your next generation in your will. But seriously, is that why you should buy property? I think not.

Somehow never grew up with the dream, because my parents never prioritised it either (unlike for their times) I don’t imagine focusing on saving money to buy one, just because how poor an investment it sometimes can be

Don't buy, lease!

Build a dream house in your Village, Once you retire take a non stop train to Gaaav. Choice is yours If you wanted to ***k your life in Daaaba (Flat) than go for the loan after 20-30 year later you paid around 2.5 cr for the cost of 80 lakhs loan and flat cost is 0 at that time because your building age was over and society will ask you for construction cost again or will tell you to vacate the flat...you can take the loan again to build the flat on kidney lever and heart because at that time job was over So again Choice is yours

I find your thoughts silly. Buying own place is must, at some point of time in Life, for various reasons. So there are only two options- Apartment, and own House (or land, constructing a House on it). If you think, repair cost is an issue, you are missing the monthly maintenance cost of apartments. Some gated societies, charge not only monthly maintenance, but also annually charges for all the fancy stuffs. So all that cost will be certainly much more than the repair work you will incur on your own House. Calamity concern too is illogical, it affects all options. btw, what happens when and if, an apartment goes down due to a calamity? Who own the Land, how does everyone reconstruct the apartment again? Imagine the complications. There are only two legit concerns I see with having own House:- (1) Security/Robbery:- Being in isolated place, if you leave the House to go on some trip, who will guard it? This can be alleviated to some extent if the House is built in a well populated area. (2) Societal mixing, for parents/wife/Kids:- Living in own House, may be bring isolation, lack of community. On the other hand, if one lives in Gated Communities, it must be easier to find like minded people. So at least on weekends and holidays, there may be some people around to talk to and spend time with. That will work great for parents and kids specially. They need a well connected familiar gatherings. That’s all. Personally, I still aspire to buy own House with enough open space. Or better, I dream of buying large land, and construct House on that. The best thing I like about having own House is, that one can have own Garden area. So if I can afford, sometime in future, I still dream to buy land, large enough in area that I can build House only on half of the land, and keep half of it vacant and used for parking, gardening etc Probably 3000-4000 sqr feet would be great. But that is just a dream😄

Think of it like this. If you plan to stay in your house from now on, buy it. If you just plan to buy it to make rent and then someday live in it, its better to invest that money into the market. If you are a bachelor, then it doesn't make a lot of sense right now. But if you're married, think from the perspective that you will need some sort of permanence in your life that you don't have to worry about. Imagine the possibility of an asshole landlord who asks you to shift your house right in the middle of your spouse's medical issues. Plus, you don't want to be shifting houses every couple of years. If you are scared of the flexibility, then know this that once you buy a property, it will enable you to sell the property to buy another property somewhere else. If you're worried about fire, calamity, robbery, that's still possible if you live in a rented housing. There's no preventing it. Just maybe mitigating the risk through Insurance ( not tried it personally, but thinking about it). Don't simply be worried because you might face problems. It would be a hassle to get the repairs done, but you will come to love it. It will add more meaning to your home as long as you get to share that journey with your partner. I don't mean to preach, but there's an age old saying that nothing of value comes easy in life.

If thats a dream you should accomplish it. But make sure you understand the debt you are taking

Buying a property is inevitable in our culture/society. Do it early so that any mistake you van correct it later and make a better decison with more experience

As an investor in real estate, always have gone buy one rule buy cheap, sell higher…so I keep looking out for deals with at least 20-30% ROI..real estate, just like any other asset, depends upon time of entry and exit. If you think like that, you wouldn’t second guess…

Not sure if ur concerns are valid for gated society apartments. That could be something u can look at. I believe owning one permanent location is a must, even if that’s not where u stay most of ur life

Wait till a global recession. This time the west won't be able to print money

Think about the present and go ahead and buy a house.

That’s idiotic decision u just completely get tied down to one location, rented house always better.. after retirement u go back to parents house!

Buying a house is a waste of time

For more context, what city is this?

Your point about neighbours is a good one. Remember that a bad neighbour can turn your life into hell