The strategy to adopt - buy or build a small house even if you can afford a big house. Invest in another house or commercial property purely for renting out. Mistakes people make, investing life savings in a big house, spending fortune on interiors, huge maintenance charges etc. Eventually only the old couple are left in the house hardly occupying 30% of space in the house.
Keep uploading this type of session regularly (Financial) As a CA FINAL student, I also learn more about Finance (Because of your Experience and common Sense) Thanks Sirji. 🙏
You should definitely buy a house. Just mind your EMI limit. Don't extend Home loan EMI beyond 20% of your salary. Don't consider long future income while calculating affordability. You can buy-sell-buy any number of times. Buying first house is not just an emotional reason but gives you a real security. Don't trade off just for 2% extra return that too with volatility. I think all these extra logics are true for second house for investment purpose.
Your video really gives insights and healthy perception that leads to clarity in mind! You share your rich knowledge with all of us in such an easy way is commendable.
I guess we are fortunate to hear him live, i used to read his novels when i was in class 8th. Chetan sir, if you are reading this comment please keep making such videos. Your real life experiences, secrets and expertise would be really helpful for us.
I think we must also consider that maintenance costs and transaction costs are higher for property and that the house is immobile, while today’s working population in India, move jobs and even cities often. As our lifestyles improve, maybe the flat we purchased 10 years ago is too small. So in the end, people end up selling and buying houses. Considering lower returns, higher costs etc. it may be better to keep renting and upgrading as per your lifestyle, while saving into mutual funds and avoiding housing loans and EMI etc. completely. This is especially true if you already have an ancestral home or parents own a home. Also much of the black money finds its way into property markets, which makes it doubly bad for the honest tax-paying salaried class. Isn’t it?
Good to have you say that if you need the house you can buy it, taking care of the three things mentioned. These days there are people who are only advising to rent as if there is value in living in own house
Nice video. I just bought a house knowing fully well that it doesn't make an economic sense. For me, life is about experiences - buying a house and developing it based on your taste is an experience that most will have once in a lifetime. But I totally agree that it needs to be affordable keeping enough liquidity
Great video, I have seen many buy vs rent house videos. They mostly oriented towards finance and returns. But this is the first video which gave preference to both. Thank you Chetan sir for making such video.
Renting for first 15 to 20 years. Invest money in high return instruments amout which would be your home loan and buy a bunglow after maturity period 😄 Ex. - just one stock , there are many more 10000 invested in hdfc in 1995 is worth 1.5 crore today. Dividend income is not counted. If i am not wrong how much land you would have got for 10k in 1995 and estimated value today and will someone be ready to buy it when you want to sale? (Tough if you have land in village)
It's too simple. Kindly talk about asset allocation, power of compounding, historical return on various asset classes and your personal experience and learning from wrong asset allocation etc. This will make asset class choice clear to lot of people and youngsters will learn the power of investing early in life to achieve financial freedom.
This type of conversation don't happen around me .........thanks for the information nd knowledge ......seeing this nd your other videos makes me put effort or atleast think in a right way .....thank you so much
Very nicely articulated Logic and emotion theory!! In case of Home , often emotions surpass the logic!! And another fact is that Home is a kind of asset which Is very difficult to monetise because, everyone needs at least one permanent accommodation!!
YES! Please keep making these videos on investing and topics that are ambiguous to many. Some suggested topics : 1.is gold worth the hype? 2. Your thoughts on crypto. 3. How should a guy in his 20's invest to achieve financial freedom ? Thank you.
Will buying house tie me to that place or I can move to any country & keep getting rent regularly. Or is it waste to buy & then live in other house on rent?
I'm an Indian living in the US & there no videos by Americans explaining the crux of the topic so clearly in 11 mins. To the extent you can, pls continue to make such videos. e.g. you mentioned in one of the videos "why most investment videos are scams" pehle paise kamao phir investment ki socho. that is wisedom..
1 house is necessary . Too many not required. U r very right that number of years of salary should decide the buying of house..luckily I didn't have to take any loan.
The primary reason for everyone to choose house investment over share market is that you get loan to invest in the house. Besides, poor liquidity in house investment forces you to remain invested for long.
We request you to make more video on Personal finance and investment. We appreciate your work of creating awarenes in Indian youth.. Best wishes 🙏 Keep it up.
Worth watching. Thanks for taking out your time to make such videos. Usually youngsters are confused with ideas of buying vs. renting, specifically in grade-A cities or metros. These tips will help them for sure. It prompts me to ask a question; for 20 yrs loan, whether it's better to focus on pre closure of loan or make alternate investments with excess money? 🙏
The strategy to adopt - buy or build a small house even if you can afford a big house. Invest in another house or commercial property purely for renting out. Mistakes people make, investing life savings in a big house, spending fortune on interiors, huge maintenance charges etc. Eventually only the old couple are left in the house hardly occupying 30% of space in the house.
th-cam.com/video/snxmzPI4lUA/w-d-xo.html
Spot on
Exactly if i had 1 crore i woud not buy a house i would rent first and gtow my money and then after growing it i would buy
Equal amount of Logic and Emotions balance is required in buying or renting Property. Amazing Sir. Please keep making knowledgeable video.
YES Chetan! We want more videos like this :)
Agree on rent being logical today but one must have atleast one place of ones own for rainy day.
bhaisab yeh jo aapne finance ke technical jargon samjhaye na , ekdum dimaag me baith gya, thank you so much
I think this is relevant to many people in India.. we want more video on the same topic with details. Thanks
Keep uploading this type of session regularly (Financial)
As a CA FINAL student, I also learn more about Finance (Because of your Experience and common Sense)
Thanks Sirji. 🙏
Sir it makes a lot of sense for you to educate us about investing considering your background. I’d have no second thought in taking your advice.👍
Wow sir I m discussing with my parents and your video came out I ll show to my parents 😂
This video came on right time for me. I’m about to my buy house. Appreciated your insight and information.
You should definitely buy a house. Just mind your EMI limit. Don't extend Home loan EMI beyond 20% of your salary. Don't consider long future income while calculating affordability. You can buy-sell-buy any number of times. Buying first house is not just an emotional reason but gives you a real security. Don't trade off just for 2% extra return that too with volatility. I think all these extra logics are true for second house for investment purpose.
Your video really gives insights and healthy perception that leads to clarity in mind! You share your rich knowledge with all of us in such an easy way is commendable.
keep going on in this series sir please continue it- investment series.
I guess we are fortunate to hear him live, i used to read his novels when i was in class 8th. Chetan sir, if you are reading this comment please keep making such videos. Your real life experiences, secrets and expertise would be really helpful for us.
I think we must also consider that maintenance costs and transaction costs are higher for property and that the house is immobile, while today’s working population in India, move jobs and even cities often. As our lifestyles improve, maybe the flat we purchased 10 years ago is too small. So in the end, people end up selling and buying houses. Considering lower returns, higher costs etc. it may be better to keep renting and upgrading as per your lifestyle, while saving into mutual funds and avoiding housing loans and EMI etc. completely. This is especially true if you already have an ancestral home or parents own a home. Also much of the black money finds its way into property markets, which makes it doubly bad for the honest tax-paying salaried class. Isn’t it?
Good to have you say that if you need the house you can buy it, taking care of the three things mentioned. These days there are people who are only advising to rent as if there is value in living in own house
Nice 👍 Our previous generation should go across this video
Company of experienced intellect can guide us in a better and safe way.
Nice video. I just bought a house knowing fully well that it doesn't make an economic sense. For me, life is about experiences - buying a house and developing it based on your taste is an experience that most will have once in a lifetime. But I totally agree that it needs to be affordable keeping enough liquidity
Great video, I have seen many buy vs rent house videos. They mostly oriented towards finance and returns. But this is the first video which gave preference to both. Thank you Chetan sir for making such video.
Yes! We want more videos like this. Keep making them. Thank you.
Great video. Very much enjoying your videos. Great content 👍
Renting for first 15 to 20 years. Invest money in high return instruments amout which would be your home loan and buy a bunglow after maturity period 😄
Ex. - just one stock , there are many more
10000 invested in hdfc in 1995 is worth 1.5 crore today. Dividend income is not counted. If i am not wrong how much land you would have got for 10k in 1995 and estimated value today and will someone be ready to buy it when you want to sale? (Tough if you have land in village)
Bulls eye!
@@Sachin-vr4ms index funds
@Bajrangbali Nahi agar 10-15 saal tak bina beche rakh do to profit.
What about the pleasent experience of 15 yrs lost in rented Home
@@rajkuma921 How is it a lost experience if you rent a good upscale apartment while you watch your wealth compound.
A good blend of practicality and emotional quotient to this video. I likes! :)
It's too simple. Kindly talk about asset allocation, power of compounding, historical return on various asset classes and your personal experience and learning from wrong asset allocation etc. This will make asset class choice clear to lot of people and youngsters will learn the power of investing early in life to achieve financial freedom.
Yes we want more video on this issue
Great one 👍👍
Greatly Explained!
We want more of "Investment Banker" Chetan Bhagat!
Yes of course more videos like this needed.
It also depends on the housing market the real estate is in bear run from the past 13 years but from 2003 to 2008 the real estate rose by 5 times
This type of conversation don't happen around me .........thanks for the information nd knowledge ......seeing this nd your other videos makes me put effort or atleast think in a right way .....thank you so much
More videos on investment, please. Our country needs more financial awareness material and your videos will definitely help.
He is an author his explaination gives us a light on the situation
I think your content is great and yes, please provide us with more investment related videos
Excellent !
Neee much more of such personal finance based videos !
Very relevant video!! Please keep enlightening us with ur insightful videos
Love your presentation and knowledge. Thanks for sharing
You didn't covered the tax aspect. It should be considered while considering the option of buying or renting.
keep going on in this series sir continue it
Like always, another great video, people will love your this side more.
Very nicely articulated Logic and emotion theory!!
In case of Home , often emotions surpass the logic!!
And another fact is that Home is a kind of asset which Is very difficult to monetise because, everyone needs at least one permanent accommodation!!
YES! Please keep making these videos on investing and topics that are ambiguous to many. Some suggested topics :
1.is gold worth the hype?
2. Your thoughts on crypto.
3. How should a guy in his 20's invest to achieve financial freedom ?
Thank you.
Bitcoin, real estate and silver
great sir 😇 .... Bohot mast
Great vdo sir very infomative
Yes I want more videos on investment
Yes sir we want more such videos on financial education
THis was great. Yes we would like certain more content on the same lines. Personal Finance.
Will buying house tie me to that place or I can move to any country & keep getting rent regularly.
Or is it waste to buy & then live in other house on rent?
Thanks for making these information available for us...Hi TH-cam is video me engagement hai🙂
Best video till date liquidity is imp in life 🙌
Nice video. Having own house is a major desire.
Really u said the truth that due to emotional people take irrational decision.
Hope our younger generations should not get into such trap.
I'm an Indian living in the US & there no videos by Americans explaining the crux of the topic so clearly in 11 mins.
To the extent you can, pls continue to make such videos. e.g. you mentioned in one of the videos "why most investment videos are scams" pehle paise kamao phir investment ki socho. that is wisedom..
1 house is necessary . Too many not required. U r very right that number of years of salary should decide the buying of house..luckily I didn't have to take any loan.
Very well described sir.. more these kind of vid please
Sir, your videos are always wonderful to watch.. Such a worthy video for everyone.. ❤❤👌🙏 keep sharing these kind of videos.
Great explanation! More videos on investing
Do continue this series sir.
Atleast people know of investment and like things
Great video! 😀👍
Sir, please make more investing videos. Please share your knowledge.
I like this type of content , and i love your long videos
Still confused whether to buy a house or rent but topic chosen is very good
Great sir🙏🙏💐💐yeh dil mange more🤓
Yes Sir! We need more realistic videos like this.
please make detailed video on this topic include technical points also ....its very important topic probably the most expensive buy in once lifetime
great information
Nice explanation! It will help new buyers to take decision
The primary reason for everyone to choose house investment over share market is that you get loan to invest in the house. Besides, poor liquidity in house investment forces you to remain invested for long.
Awesome Video Sir ,
kindly post some more video on financial literacy.
It's really useful for all. Thank u
Awesome ❤️
Excellent
Yes sir pls make videos like this.it s awesome
Lovely one ❤️ Good points to be noted 👍
Nice information and reality shown in short vedio👌
Great Advice. Thanks
We request you to make more video on Personal finance and investment.
We appreciate your work of creating awarenes in Indian youth..
Best wishes 🙏 Keep it up.
Plz continue sir with this series I am bunking my online classes and watching your video😅
More video like this.....This content is much better than Nora Fatehi dance videos
Yes need more videos
Worth watching. Thanks for taking out your time to make such videos. Usually youngsters are confused with ideas of buying vs. renting, specifically in grade-A cities or metros. These tips will help them for sure. It prompts me to ask a question; for 20 yrs loan, whether it's better to focus on pre closure of loan or make alternate investments with excess money? 🙏
I like this content very much sir , very well explained & informative video 😊🙏
Very sensible perspective
Yes sir we do need it
Summary: Buying a house is an emotional thing. But consider these things if you want to buy a house:
1. Affordability: value of house
yes, want more valuable videos like this
Hi Chetan Sir ! It was Good actually and logical. Please continue with this series.
Yes sir plz make more video like this 🙏.
Yes of course sir. Thanks
More videos on investing and money management.
Yes would like to view more videos like this & even on how to choose a career.
another practical discussion video ❤️
Love you sir....plz keep sharing such practical advices
And more videos on financial education..
Really sir very good content video
Excellent 👌
Thanks a lot 😊
Plz if you can share more vedios on this - thx for sharing
Yes sir we want more videos like this❤
Let us think practically.. how many of us can invest large amount in stock market without knowledge.. buying house doesn't requure that much knowledge
Kaash main aapko apne 20s mein sun sakta...now i am 43. Though I doing well but I learned everything the hard way thru experience.
Nice clip