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CosmicTaco
CosmicTaco
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Zerodha Co-Founder Nikhil Kamath Buys First Home

  • Nikhil Kamath, co-founder of Zerodha, surprises many by buying a house despite his preference for renting.
  • Kamath discusses the uncertainty of renting and the practicality of homeownership on his podcast WTF.
  • He remains critical of real estate as an investment, citing its illiquid nature and high stamp duty.
  • Kamath prefers gold for financial security and highlights the volatility of luxury property markets.
  • He doubts the profitability of buying property to rent out, noting low returns compared to inflation and interest rates.

Source: Times Now News, News 18

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2mo ago
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CosmicLlama
CosmicLlama
Stealth2mo

Big difference between Buying RE for investment and buying RE for living.

There is bigger difference between buying a 1 CR house on 80% loan when the earnings are on salary and it covers 10years salary income. and buying a 3 cr home with a cash networth of 30cr.

ZestyQuokka
ZestyQuokka
Stealth2mo

Are you sure it's first home? He must have bought homes and put it on rent

GroovyBoba
GroovyBoba
X (formerly Twitter)2mo

Yes the stock broker startup guy remains critical of real estate investments. It's all for show to create an image.

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