CosmicSushi
CosmicSushi

Suggest me to if it’s the right time to buy a house I’m 25yo

II’m a 25 yo guy who was born and bought up in Bangalore working at PwC and my CTC is 12 LPA. I’m planning to buy a house worth 80 lakhs in Bangalore. I only have 10 lakhs in hand and the rest is Housing loan. I want to buy it because of the need and social problem. Please suggest me if I should buy, if no then why??

27d ago
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GigglyMochi
GigglyMochi
EY27d

70 lakh loan at 12 lpa will get you stuck in an emi cycle. Considering you're 25, you'll become risk averse and would lose flexibility in case you need to switch jobs/domain. There'll be constant fear of layoffs added to this. It's upto you, but I'd suggest looking at a cheaper property.

QuirkyWalrus
QuirkyWalrus

I'd suggest you buy a better house when you genuinely need it, all cash, and then you'd get better options. Keep exploring houses till then

SparklyBiscuit
SparklyBiscuit

Don't buy

WobblyCupcake
WobblyCupcake

Do you have good family backup? Or any other dependency?

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