Rent Or Buy A Home?

[subhrajit.talukdar]

1 cr property rental 15k/month? doesn't it sound a bit cheap? In Kolkata, a 30-50lakhs flat's rent is around 15k/month.

[sanjaygadri]

this formula doesn't work in most of the cities. for ex 1cr property, rent is currently around 40-50k in BLR.

[Karna-le]

I totally disagree, so let me clear it guys if are looking for a house rn in any tier1 city,
On average metro city have 15% increase in the real estate value,
considering this
buying a 1cr house now will be equal to
buying 8.14 cr house after 15years (1.15^15)

consider a home loan at 10% interest rate(in India),
you will spend 1.93 Cr over 15 years (including interest)

if you choose to rent a house,
considering average rent of 30K for 15 years (it can be more)
rent you pay = 54L
investing in a SIP(assuming 15% yoy) monthly 1.2L you can buy the same house
so you will spend 1.2L X 12 X 15
= 2.16Cr + 54l + taxes
= 2.7 Cr + taxes

so choose wisely guys,
buy a home now and spend 1.93 Cr for 15 years
or
buy a home 15 years later spending 2.7 Cr for 15 years

Note:
You can even scale it to 20 to 25 years,
still logic remains same,
if you are planning to buy a home go buy it..

[gautamm]

In our locality, the rent is 25k for a property worth 80 lakhs.

[aryapatel]

Ye sab finance ke gyani sirf retirement tak ki bat karte hai, they just follow western culture but they don't know that there audience are indians they think for there future generations.
And most important is our respect in society

[sta_]

Yaa it means also get Married at the age of 40. Coz nobody would like to give their daughter to you unless you have a owned/loaned home...

[MrMayankthakur]

Save till 40 yrs and buy outright. When 1cr house becomes 5cr and home loan interest rates become 10-12 percent😂 phook ke ayya hai kya

[thepartimerambler]

I bought a house in 2020 for 40 lacs and took a homeloan of 30lacs for it, EMIs will last for 15 years, so I would have paid 45lacs till then + 10 lax was the down payment, total 55lacs. The value of my house in just 4 years is now already 60 lac approx.. I am sure it would be around 1.5 crore after 15 years and will keep on increasing year on year... So dear Baalak.. show me how I am making loss here??
P.S. ITS MY HOUSE NOW, I PLAY WITH MY KIDS IN IT, I CAN CHANGE ITS THEME, AND DESIGN AS PER MY CHOICE, I CAN LIVE WITHOUT ANY RESTRICTIONS FOREVER. AND I CAN SELL IT AND CHANGE WHENEVER I FEEL LIKE NECESSARY.

[sarujanview]

Correct sir its applicable in Canada also

[swarnabhopaul]

Bro is living in whole another world😂 in Kolkata a 3bhk costs 30-40 lakhs and the rent is 15k-18k.

[rishuvatsa]

1 cr flat has 15k as rent, I pay 20k for a 40L home. Don't mislead your audience in the name of financial advice. Even if we invest that money somewhere else, I still have to pay a rent of 30-40k for living in a city.

[joshuab]

Thanks for sharing; considering the case when monthly EMI-interest ~ Rent! Instead of paying rent, pay almost same amount as interest, at the end of 15-20yrs you get to own the house?!
Isn't it a safe mid-ground of own-vs-rental house dilemma ?!

[Jambudwip]

Wrong information regarding renting yield

[grimo]

this vid was needed thanks for mythbusting

[lakshmi-dt]

But if you are asked to vacate next month. You have to leave all your scheduled works and search home and shift. Arrange everything in home Who will do?

[Ethicallaunda]

I dont know from where did he get this logic ???
As per him those 80 k per month will not profit him in long run dude you will owning a house in 15 years and that property rate would be doubled that time, with the same logic if he buys that same property at 40 that would cost him 10-20 cr & that money which he paid as rent are waste and where the hell is he talking about living with just 15k month on 1 cr property??? Where is that property????

[aiquantum]

i am living in 66 lakh worth property in 14k per month ..

[harekrishna]

Really, I rented a Small house with 2 Bedroom + kitchen + Bathroom, it's Market price won't be more than 20-25 Lakhs.... And I get 11K from that small House

[TechXaa]

Hi Sharan Bro, Property prices increase every year in good areas by 7-15%.. With that rental price also increases every year by the same percentage..So after say 5 to 10 years property value will be doubled.and the rental price also.
This 2% might be still be same after 5 to 10 year but the rent is doubled..

So the logic you are telling covers only half of this entire scenario

But this 2%

[veeresh]

Not applicable for Bangalore. Average rent for 2bhk in Bangalore is 25k for a flat worth 70 lacks. In next 5 years rent will reach 40k