I am just relating with our parent's era how they could afford to get house and do so much with limited income at that time in 90s. But with our gen I keep seeing these exorbitant prices. Do you think and plan on making investment to buy, I know many folks have very good income here and it might seem not so tough but generally speaking how shd one plan to get these things into place for house, education, etc etc with such rising prices.
Look up Mumbai 2BHK prices. You'll find this cheap
The prices have inflated because of the new found millionaires (startup founders) who would pay ₹100s of crores for flats but feel ticklish when employees ask for even 10% hike. Even with an in hand salary of 4+ lakhs, when you have family responsibilities, you may not be able to afford one.
*Feel ticklish in their assholes
If I got a 2BHK in 1 cr in Mumbai I would grab it and run. Just saw a decent 2BHK in a good location in sobo, asking 3.75 cr. Golf course view 3rd floor in a 3 floor building.
Family and responsibilitied lead me to explore such pricing, mein toh 1 room kitchen studio apartment mein reh sakta hu. One TV, one PS5, lounger chair, single foldable bed, bas khatam.
The same prices are for my tier 2 city, which is near to a mega metro city
Which city is it?
Can't name it, will get doxxed
I think it’s best to avoid buying apartment in metro cities. Most of these cities will face major water problems and water logging in sometime(unless the local authority does something which I highly doubt).
Best would be to wait till you are in your late 40s and early 50s, or near your FIRE age and then decide to invest.
Real estate prices are highly inflated and will stay likewise, owing to NRIs and business owners(sometimes politicians through shell corps.) buying majority of the apartments(pls correct me if I am wrong here).
Come to Mumbai, this will look cheap
Kolkata right?
What are you earning for ? Is it concrete or something vague that one day you will need this amount or something? Is it more than you or your family needs?
Or are you just a sheep like me ?
What are you earning for ? To meet existing cost of living, have runway for 5+ years, medical emergency fund...
I am earning lakh rupees a month(excluding my monthly expenses as a single). but when I think about buying a house (2bhk around 7.5 to 8 hundred sqft) in a city like Pune/ Banglore. I feel I will not be able to afford it considering oth...
Saw a similar post somewhere from an European and I think it’s pretty valid for India.
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Like the title says, why is owning a home so difficult.
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