Software Engineer

Take on rent till you don't have money to pay 50% of the house as an upfront payment and your package is equal to the remaining cost of the house.

Consultant

If you can afford the emi then buying is a good option as even rents almost cost you

Business Development Manager

Rent is lost opportunity. You are burning your money imo. With buying, atleast you have an asset in the long run.

Software Developer

Welcome to Personal Finance's Private Community

Buying a house vs renting

Buying a house vs renting- Grapevine

Considering the ongoing debate between renting and buying a flat, I've noticed many financial influencers suggesting renting and investing in mutual funds. However, there's a strong emotional aspect to owning a house, especially post-marriage and kids. What factors should one consider before purchasing a flat in metro cities like Hyderabad or Bangalore? Personally, I've contemplated buying multiple times, but after analyzing my finances, I've hesitated. I'm currently leaning towards ensuring my net worth covers at least 60% of the flat cost when making such a decision. In the long run, I believe the interest earned on my net worth could potentially cover EMIs during challenging times, like job loss or unforeseen circumstances. For instance, if I opt for a 2 Cr house, I'm considering a minimum net worth of 1.2 Cr across various asset classes like Mutual Funds, Stocks, PF, PPF, NPS, SGB, and more. What are your thoughts on this? #MiddleClass :-P

Buying vs Renting a House

My family already has a house although there is some debt left which I had inherited and to an extent reduced it, now it is negligible when it comes to Monthly cutting. The only concern is that it's old and is small given the family will become big slowly and I plan to get married by next year, I'm in this situation where people are saying put in efforts and buy a house but I have this feeling that we should rent for some years and then save to buy a property (all this, given property prices will keep on increasing)
I have okay savings as of today, I have some in mf and stocks but that too is okayish. 
I need some of your opinions here.

Gf will be studying for next 2-3 years, it's a constraint as well.

Thanks 🙏🏽

Tc - 62 (16 var)
Age - 27

Need help - should I buy a house or rent

Considering the crazy high rent these days(talking about localities in Bangalore), what makes more sense keeping aside the emotional aspect. Buying a house or renting one?

Side Note: I have looked at a calculator by Ankur Warikoo, but I don’t agree to the calculations made.

Buy or Rent a house?

Customer Success

Rent vs Buying House?

Data Scientist

Hi All,
We are planning to buy a builder floor flat(reason : we get more land share than buying an apartment). Budget within 1.5 to 1.8 cr
My salary : 44lacs
My husband's salary: 64 lacs
We both have purchased two houses in our home towns in tier 2 cities. Together we both have a loan of  approximately 44 lacs. We are not closing it because of tax benefit and also those loan accounts are OD we are getting approximately 7% interest.
Till now we didn't have a plan of buying any property. We just had a plan of doing sip in mutual funds which will give more returns. But now we are feeling like buying one. Because both of us are doing wfh and our daughter started going to school. Parents are also staying with us. 

Is it a good idea to buy a house or stay in a rented property, have some savings for the next 10 years or so and buy with full cash?

Need suggestions on purchasing a property

Software Test - QA

To be very honest I feel very frustrated looking at the situation right now. Companies are laying off without worrying about the employees. It's just corporate profits everywhere.

I am scared to death that my career won't last long than 20 years because the moment these folks think you are becoming a financial burden on them, they'll lay you off.

I don't want to live my life in a constant war mode. The Indian education system has bruised my personality for a long time. I want to relax but looking at this battlefield I can never.

My weekends are spent worrying about planning for finances in case I get laid off. I am worried I won't be able to buy a house.

This shit is depressing me very much. Other folks please tell me how are you navigating this mess?

Soulless Corporations

Mandatory : keep on up skilling 
 Optional :  go outside India or move to operational roles(as it doesn't need creativity bone)  
  
 In your 30's you shouldn't explore stuff, stick with one domain(example : digital marketer) be the SME. In 40s you'll have 10+ years experience of a domain, and you're part of that domains evolution  
  
 No one wil have the know how you gained in 10 years

Program Manager

When we started living in Bangalore in 2015, we were living in Bellandur. 3 years later when we wanted to change our rented house, we had to move to Harlur road. At that time, Harlur road felt like really far but we had to move because the rates and availability were making Harlur road infeasible. 
Post pandemic when I moved back to Bangalore, it was really painful to find a decent rented place. I had to move houses 2-3 times in a year. Paid 75K in brokerage and the same amount in painting charges. Plus loss of time and random policies from people. 
Finally I bought a home on Sarjapur Road and I couldn’t be happier. 
My dad used to ask me to buy a house since forever and I could easily afford one since 2019 but I wanted to put money in SIP. 
If I would have bought a house on Harlur road that time, I wouldn’t have been pushed to Sarjapur Road. If I would have not bought a house even now, I would have been pushed even further in 2-3 years. 
Now I can move out to India and even come back in the craziest of bull markets knowing that I can get a place in 30 days notice. 

Now you tell me which financial model can incorporate all of these variables. My checklist for house buying would be: 
1. If you know that you will be working for a foreseeable future and not going for a PHD, masters or starting your own thing. 
2. You have a mid size corpus. A bit of backing from your family doesn’t hurt. 
3. If you can comfortably pay the EMI for a 15-20 year loan period. 
4. You’re older than 26-27 and you have stayed in Bangalore for 2-3 years.

SIP vs buying house(BLR edition)

Welcome to News Discussion's Private Community

- **Nikhil Kamath**, co-founder of Zerodha, has bought a house after years of advocating renting.
- In his podcast, he discussed the **downsides of renting** and the **illiquid nature** of real estate.
- Kamath highlighted **high stamp duty costs** and **arbitrary pricing** in real estate.
- He compared real estate to **stocks and gold**, emphasizing their **higher returns**.
- Kamath criticized the **negligible returns** from buying and renting properties, especially with **inflation and interest rates**.

Source: [The Times Of India](https://timesofindia.indiatimes.com/technology/social/zerodha-co-founder-nikhil-kamath-shares-this-disadvantage-of-renting-a-house/articleshow/114371073.cms), [Abp News](https://news.abplive.com/business/zerodha-nikhil-kamath-shifts-stance-buys-his-first-house-renting-vs-buying-debate-1725361)

Nikhil Kamath's Shift: Renting vs Buying Debate

Journalist

Should we buy it at City 🌆 centre as apartment or outskirts as 3 Storied building 🏢 as it generates rental income

Buying a house 🏠 as investment

Welcome to Software Engineers's Private Community

I want to buy house, my package is around 15LPA but a  good 2bhk flat in the apartment will cost 1.4crore, for me it looks like impossibile with my current salary. I am totally stressed out with this.

I need your suggestions.

Buying a house vs renting

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