Rent or buy a house in 2021 | Renting vs buying a home in India

In this Groww video, we will be talking about Renting and Buying a house financially, socially, and emotionally. Buying a house is not easy and it takes a lot of courage to do so. In this video, we will share our opinion on the same and tell you some tips to get your own dream house! Share this video with your friends and family who are also thinking of buying a new house of their own. Also, don't forget to subscribe to Groww.
Rent or buy a house in 2021 | Renting vs buying a home in India

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00:00 Introduction
01:06 Common Questions we hear
01:56 Factors on which we buy property
02:09 What is Rental Yield?
02:38 How to purchase a property/house?
02:44 Home-loan
03:21 Financial Factor to consider
03:44 Emotional Factor to consider
03:58 Social Factor to consider
04:02 Financial Goals
04:20 Down payments and EMIs
04:50 Steps to follow your Dream House
05:31 Conclusion

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#buyvsrentahouse #buyinghome

Disclaimer: These are not any recommendations for any funds or stocks and are meant only for educational purposes. rent or buy a house 2021

[sumanghosh]

Going to touch 1 millions hits. Advances congratulations

[prakharkulshrestha]

Agree with the fact that renting is a better option at the beginning of the career, but Rs 8500 rent for 50L worth house is an incorrect assumption. We would need updated numbers to make a better argument.

[SangoLifeSutras]

Interest rates r now 6.5 percent. By kotak mahindra. Why are you using 8 percent. Going forward they will go down further

[natraj]

Your calculation is wrong. In your case Renting considered is 8.5k but in reality even if you take lowest it is around 15k which is 3% of total cost

[thecandidbanker]

U have shared tips for young generation who r at the beginning of their career. Please share home buying tips for those who have already crossed 40-45 years of age. What shall they do ?

[shubhajitchakraborty]

Congratulations for 1M Family.
❤️🔥😃🔥❤️

[rohannarkar]

But we have create asset when u choose buy option but in rented money asset will not create

[aniruddhtandale]

Very informative and helpful video mam your voice is nice, very loud and clear 👍🙏

[gauravgupta]

Groww is Growing. We too with knowledge. Keep posting such video.. Love you Gunjan Mam.
Happy Teachers Day

[pabitrajharait]

How in earth you get a rented house in 8500 rs in any city in India? I stay in Hyderabad. When I stayed as bachelor, we 4 people paid rent 25000 per month combined. After married, in a 1 bhk we paid 14k per month, in 2 bhk the minimum rent starts in 16k plus maintenance amount of 2k. You can get a 1000 sft flat in 60 lakhs that can generate a rent of minimum 16-18k per month.

[PlugInCaroo]

*Actually if both husband & wife are working its better to buy a house pretty early. Because the difference (of EMI - rent) will look much smaller after 20 yrs... also:*
1. Your salary will triple due to inflation EMI will be same right through.
2. The value of a 50 lakh flat will be around 2Cr in 20yrs.
3. Renting the flat out can give another source of income.
4. If you start early you can atleast buy 2 houses in your life time. If you start late you will only have 1 house.
*But the worst part is buying a house... its ALWAYS better to buy land and build your house because:*
1. *You can build a bigger house for less than half the price* ... especially if it is a single storied house (Ground+Terrace)
2. You can install *solar power & have 24hrs electricity and even a airconditoner 24hrs a day* ... you cannot pay for such power consumption living life in a tiny cramped up flat.
3. *You can harvest rainwater and get enough and clean non-chlorinated water for your needs* unlike around 1, 000 ltrs of chlorinated water that too for half an hour a day... for which you have to get up early. Life in city sucks...
*Cities are slums... polluted air, polluted water, bad roads, no place to drive your car, no place to park your car, trains & buses packed like sardines, long travelling hours, married couples cannot get privacy so they go to the beaches & parks where they get harassed by police.*
4. *In your own house or farm you can grow your own fruits & vegetables* and this will reduce your expenses at least Rs4, 000 per month. Compound this cost 5% every year. *Clean nutritious food mean less doctor bills.*
5. *Monthly maintenance bills in flats look small but add up over the years* ... and when real work is needed to be done on the building *more funds are collected.*
6. *In an flat there is a committee who decides what to do* and where to do and when to do... *most of them are a corrupt lot* and try to get commission on everything. *Anybody heard of the Ather owner who had to take his scooter to his 5th floor flat to charge his vehicle* because he couldnt get permission from this committee to install a power-socket?.. imagine a powersocket is such a complicated thing...lol
*Buying a FLAT/apartment is one of the most stupid thing MANKIND can do... when none of the birds or animals need cash to build their houses.* You put your life time income in buying something which will not stand more than 50 yrs... after 30 yrs it will be redeveloped and if those flatowners were to rebuild it... they cannot because it will be too expensive unless they get a builder and instead of 20 flats he builds 100 flats vertically into the sky. Building into the sky is so idiotic... wake up... how far high are you gonna go?
*For 50 Lakhs people can buy a beautiful 3 to 5 acre farm which can create income or at least 1lakh/month.* ... this turns out to Rs12Lakhs a year of INCOME!!!
*Cities are mayanagari... you get trapped in it... once you get in it... get on the treadmill... there is no excape... YOU CANNOT GET OUT* ... In my lifetime of thousands of friends & acquaintances I know very few (3 or 4) people who have successfully gone back to the villages from cities.

[masterofcandlesticks]

50 lakhs ka ghar kharidane se accha reliance, zamato, tech Mahindra ke share kharedana much better!!

[alanthepersistent]

Very informative. Appreciate the way she explained things. Thanks

[worldhistory]

Congratulations Our Groww Touch 1 Million 👍🎊 🎊 🎊

[RahulPandey-ytvl]

Thnx ma'am for coming with new financial video.

[mrgirish.]

congratilation to 1M subscribe my fav groww

[RakeshKumar-rwzy]

8500 rent for next 20 year will be 20 lakh plus 10% increase in rent every year + maintenance of rented house which means around 25-30 lakh in rent without any return but if you buy a house of 50 lakh 10 lakh down payment and another 40 lakh in loan with 8% for 20 year total will be around 1 crore plus with maintenance but after purchasing the house you will get the return, price of house will more than double in next 20 years which means more than 1 crore. Which you stayed for free in your where in rented house you have gave around 30 lakhs

[nishantkotak]

Kabhi Bangalore/mumbai me reh kr dekhiye... Pata chalega 50 lac ki property ka rent kitna hota hai

[kumbhartejas]

Sorry but where are you getting house on rent for 8.5k?

[sanjoyroy]

Congratulations Groww for 1M subscribers.

I started my investment with Groww. It has a special place in my journey! 😊