Would you consider investing in a property at a relatively young age?
I have been thinking of investing in a property. My brother and I are planning to purchase a property together. I currently have around ₹10 lakhs in the bank, and my brother has around ₹25 lakhs. I am earning ₹19 LPA base, and my brother is earning ₹25.5 LPA base. Would this be a good investment in the long run? I am 23 years old, and my brother is 25 years old.
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Equity is the way to go since you have time in your side.
Anyone who feels equity because of the time factor should read japans lost decade.
Anyone who feels equity because of the time factor should read japans lost decade.
Property for living , yes. 2nd or more property For investment purpose, no. Hell no.
Why tho?
A decent sized two bedroom apartment will cost you at least 1 cr in Bangalore. A apartment for the size of a car park will cost you 1.5 cr in Mumbai. Do you really wish to spend such an amount?
Own assets independently bud. Very bad idea to co-own with your brother no matter the love. Circumstances change especially post both of you getting married. Avoid that risk
I bought a 1BHK flat when I was 25. No regrets.
Properties are headache unless you have AK47 and prepared to use it!!
Invest in property in a place where appreciation is expected to happen in future. I had bought a flat when I was 26 and sold it after 10 years with good return and able to invest in bigger property now. Investing in property in early age would be good provided you do proper research before investing.
Would do it if not for the exorbitant rates and the hassle of buying. Equity/MF is way more affordable and convenient(In addition to being more liquid)
Buying property is very subjective. If it is an enotional decision - like buying a house which you will make into a home and live there, absolutely worth it. But if you are looking at it only from an investment purpose, maybe not. Property rates are extremely high and rents are super high. If you are gonna leep the property for 15+ years that is when (maybe) you will break even and start earning on it. Otherwise. Not point.
Buy something in growing tier 2 city if investing in real estate, has got return of around 100% within 1.5 year.