What’s stopping you invest in Real Estate?
Just wanted to know why this generation is hesitant on real estate
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- Lack of capital.
- No job security so fear of taking huge loans.
- Quality of construction of apartments are pathetic. Leakage and cracks in less than 3years. Same goes with contractors. Lots of scams and they suck all the money.
- Most of the real estate is overpriced. If government creates more cities these prices would be distributed.
- If you are middle class you are locked until you payoff the debt. To pay off the loan many sacrifice their lifestyle. Work more pay off the loan earlier. Some people burnout due to this.
- If your parents are dependent on your income it becomes even more difficult to manage spouse, kids and parents.
Note: All of the might not be applicable at the same time.
Why become Mafia’s exit liquidity. Invest and chill.
Low capital, Fear of debt, High tax, 0 generational wealth
The most common reason is corruption in the real estate market, and mispricing by sellers across the table. Very common to have folks ask for 10+lakh of my hard earned, tax paid cash in black.
Until the rot in the system is resolved (unlikely since most builders have close ties to MLAs/MPs and politicians ... Eg. Remember Pune Porsche kid) or there's a massive correction, everyone is just being scammed at some level
I dont have inherited money, will take some more years for me before i start investing.
Real estate is not for everyone!
Any person witha decent understanding of financial management will not invest in RE. They days of spectacular returns are over. Anyone feels amazing wrong should google China.
Lack of capital option where sir
Lack of Black money,
Lack of Jack
Real estate is the end game.
When you're 40+ and looking to settle down somewhere to spend more quality time with your growing up kids, you look at your stock portfolio and see how years of SIP and investing has made you enough money to comfortably purchase the house of your liking.
It's an emotional decision, and one that's not just for you but your entire family. Why take stress of EMI and long tenure loans early on?