No matter what... start owning at least one house or flat early in life with a limited budget, that removes life's uncertainty from mind. Having that, the confidence you gained can be applied to chase your other dreams.
Not true, a house basically ties to a place. If shit hits fan , you will sell that house at loss. While if shit hits fan ,you will have option to live in a lower class housing society and can manage yourself.
@@GreenDriveIndia I am assuming in case shit hits the fan you can retain your primary residence. In that case you can maintain your quality of life without extra spending
@@princeofheaven19 I know many real stories, you are forgetting the point that you have already paid a good amount to own a house. And with that much money your shit would not hit the fan. All these are my personal experience, I could have saved around 1 crore but instead I got busy in owning a house and still paying emi. Totally not worth if house is on loan.
Not having a permanent address is very inconvenient . Changing the address for your ration card, aadhar card, voter's card, PAN card, Gas booking , Driver's licence, Passport, address given in the workplace and to friends and relatives for occasional communication, KYC to be given every year for bank accounts , ..... phew !! A middle-class person's life is complicated.
@@sagarsimhakt7158 You can also rent your own house and shift wherever you want. But trust me 20 years after paying rent you will realise why you should have purchased a house instead. You will feel all your money is lost paying rent to someone.
My plan would be to live on rent in metros and retire owing house in tier 3 city/ village . Buying house for future generation does not make sense as they probably will not live with you.
Review you plan again. In old age you will be needing emergency medical care. If you have home in tier1 city your chances of survival will increase for like 5-10 years.
Our emotions about home is the profit for real estate owners. Housing prices are heavily inflated in most Indian cities. It's still a big dream for most people to own a house
My strategy...always buy cheaper home for living...buy 30 lakh flat without loan instead of buying 60 lakh flat with loan .invest rest in stock market and it will give u money to buy bigger flat in 5-10 years.
This is a complicated matter and each person has a different situation in which he/she’s in. But a simpler way to go about is: Never consider the house which you want to buy for the purpose of living in, as an investment. The house where you live is always a liability. That’s why the place where you live is called a home and not a house.
We built the house before covid and covid happened my husband lost his job and started finding it difficult to pay the loan and now we are in deep shit and planning on selling our house so if you have a consistent job and backup invest in property if not be happy in a rented house
Feel sorry for you. Buying a house on loan is not easy and prone to high risk in case of job loss or death. Better to go for rent till roots are strong and then take calculated risk.
In India better buy the best possible house in case you are living. Never buy a house or plot as investment. Very difficult to keep open plot secure and it is a big headache to find renters
Arvind sounds like a well organized individual; owning a house is pleasure on its own, so a small investment loss for that pleasure is what life is all about. But only if you are well planned and organized like Arvind.
Buying a new property is absolutely a matter of pride! It makes you feel you have done something for your kids. It also helps you endure stress to pay and enjoy stress free life later.
Ardent follower of subra sir from many years via his blogs and twitter..always have learned and incorporated his suggestions and advice in real life EXCEPT for not buying/ owning a house..i am 44 and stayed in rented house till chinese virus struck then and their i understood importance of owning a house..now i am living in my own house constructed between the 2 lockdowns..
True for second home. new middle class needs first home. Because you can not do many karma Kanda at rented house. First home is not only am financial investment but a emotional and cultural investment .
Home buying is an emotional purchase, people like to buy with a mindset that they are investing but primary residence is not an investment. Even if you sell a 2 crore home and feel good about it, you will not change your lifestyle overnight and move to slums. Most likely, your primary residence will be a 2.5 crore investment now and so you need to shell out more than you got from sale. I really admire this person’s ability to break it down and he has explained everything very well. As a real estate finance professional, I agree with him completely.
I think buying a house for investment is not a good idea...if you buy for living then it's fine....don't expect income or profit on house.... If one want to invest in long term go for mutual funds or stocks ...
The way labour cost went up & material cost went up, apart from the increase in the land cost, buying a house in your early part of life is a very good idea if you are going to live in that. The children would have a lots of friends in that area. If you decide to live in a rented house, your children would not be able to have a stable friends group. There is no value for your happiness. So, the house for living can’t be put to investment rules and metrics.
You cannot customize your living/working space in a rented house to the same extent that you can in your own house. So it depends what you value. Obviously don't buy a house when you are financially under pressure. But when you are financially well to do, it makes no sense to not have an own house in a good location
You don't need huge space for living look at our earth 😂 Buy it if its in your budget or Rent it if you can afford 🙏 The aim is to survive we are here just to complicate the game 👍
People who consult our sir are elite ppl who minimum have 2/3 houses ,3/4 4 wheeler, around 50lakh-1cr in bank account. Not common guy who thinks twice before recharging his mobile 😂😂
You are born in India. Buy immediate after 25 years. If you are Hindu you must buy house and live in it. Otherwise Non Hindus will buy and there will be no space left. Whether you die in your own house or not,you must own a house. This gives self respect Hedges against any inflation Society respects Bride parents have plus point Wife to be have concrete investment Due to rising inflation at future you may have to move 30 to 50 kms away from centre point. You get good investment when you wish to sell
As governments have created currency out of thin air for the past 30 years, the price real estate has gone up faster than any increases in real wages. Also renting is a waste of money. Here in UK the cost of renting in most cases is greater than the cost of a mortgage.
Many champs thinking residential real estate as an investment should realize that if you are taking a big amount of loan to buy a property and if the property rate does not appreciate by multiple factors over a long period of time, then you would hardly earn any money considering inflation rate 6%. People do not realize that they cannot make an investment by taking loan. Secondly, property maintenance increases over a period of time. It is only after a long period of time, you suddenly realize that how much you have spent over a long period of time to maintain your property. Thirdly, even assume that someone gets lucky to get multifold appreciation on his property in the long run and even he could sell his property at the market price, then also, he will not be able to buy similar new property at the same location with the property sale proceedings. Lastly, I have seen many people getting emotionally attached with the property they bought and seen them making compromising with their career by not relocating, not taking promotion due to fear of transfer and even not taking job change in the same city as the new work location would be far to travel from his residence. So, the crux is that it is not wise to consider residential property as investment especially, you are taking bing loan to fund your property. The other losses I mentioned above would be extra. However, I am not here to discourage anyone from buying a residential property. If you are financially secured, it is not at all a loss making decision with some realistic expectations. For wealth creation, investors always prefer commercial real estate to residential real estate (that is also by not taking any big leverage).
One logic people tell me is that when they have not bought a house and kept money in bank ,they have splurged it in non essentials as the temptation of available money in bank is higher .
Have an own house is far better than a rented house, period. It doesn't have to be a villa, 1 room+BK is enough. One of my cousin sister was staying in a city for medical treatment, but the neighbours had her removed, citing they too would fall ill just by seeing her, she can't walk & has to constantly visit hospital, without disturbing others. DO what is best for you, not because someone on the said it, that decision might be best for his lifestyle, & by no mean is wrong.
Barkat.... a house gives a lot more than any ROI.. people who live, eat , be happy in a house , get more in life through ways of friends, neighbours, a community etc... I m in my 30s and always heard oldies saying that a small house but it should be owned. rented house never brings that barkat in life, that abundance that feeling of satisfaction that we are all after. a house is a feeling, a realisation , a safe haven for all your troubles. sleeping in our own house, is being a king of of our kingdom. as human we are striving hard for freedom and that is what our own house gives. no other investment can be as fruitful as a house. whether u pay more or less what house gives u no other commodity can. please strive and buy a house. everything else will follow. good luck :)
Land+House, Its a place where Family Lives togather and call it Home, Well offcourse average age of a person is 80 Years, and Person should invest 10 Years life in making home, and then 5 years to Kids, In fact as per you person should not invest in Kids Like Education+ Games + Cloathes etc. Its waste of money , at the end they will go and live with their partners, a Person should earn and Spend on essentials of life, else Money is Just a number it will increase or Decrease. but Life goes on and on. So Earn and Spend on happiness
@SUBRAMONEY Well, Thanks but no thanks , Giving suggestions in investements is like a template priest prediction, both are baseless some times if True and Some times False. as per me We come to Life to Feel, Earn and Enjoy. you are just making vidoes to make money from you tube and to make your name after you , nothing else. So Enjoy by making Videos and to ask people not to buy house and make them homes.
@@anujmansa it’s a fake ID. Pls click and check. Subra is not providing any investment advise. He is just sharing his knowledge to make people think and make better investment decisions on their own.
@@PraveshKumar-qf5me I dont know what Fake ID you are talking about , second i have given my Openion and I have all rights to Say what is not correct, as you said correctly "Better Investment", Every thing is not Investment, He should mention this in his video that buying house is not just Investment It Imotional value for People, so think that way as well.
@@PraveshKumar-qf5meI got this from you guys " SUBRAMONEY 9 hours ago Thanks for watching and commenting,we are always available for questions ,guidance on how to make a profitable investment " What is this all about , He is Selling himself isn't ?????
Your advice is ok for those who purchased the home and then sold it for a profit and are now staying on rent with same money in fixed deposit covering up the expenses.
He said 'don't buy a house as an investment'. Buy it if you want it for use. Buying at an EMI of 20-30 years is not a very good idea. Age, existing corpus, future goals etc. should be reviewed personally as every case is unique.
Owner of the rented house can ask you to vecate any time, searching for a housee suited for everyone in the family.... including kids.... Moving, shifting can be a pain and expensive. As one advances in age, kids move out, and you should go through all the hassels of moving by yourself.... Not easy.. If you have the means, better to go for own house.
buying property was good soulition till you don't how to invest in other alternative investment idea like staock market and also it has force saving concept
Lot has changed over 40 years. In earlier generations house was the plade where we were born, raised,got educated, got married, worked and died. Same for next generation. Tell me how many of above are true for this generstion? our careers take us to multiple cities. Children move out as soon as they are 20. We will probably die in an old age home. Buying houses,at current valuations in our shitties, is financial suicide. A harakiri with money.
Very Very true I been always advocate of not buying property just thinking it will be good investment(It's just poor man's thinking and builders+politician+bankers benefits from such thinking because home is emotional to most of people)
@@majinkenshin911 it's hard to live in a rented 🏠..u can not make any changes or decorate as per your wishes.you are on a mercy of a landlord if he/she will renew the agreement..better to have a small one if you can afford..now a days landlord does nt spend even a penny on maintenance.forget white wash.and at times it's foolish to spend money on these knowing it's not your home.
Anyone must have one own house if he/she can afford. House is much more than returns . The freedom and comfort you get in own house you can customize it etc . You don't want to be tenant for life specifically country like India where land is in scarcity
Two things. 1. If you can stay disciplined for 20-30 years making sure the money u didn't invest in buying house is used sensibly for investment...don't buy flat.. 2. If u not disciplined , u cannot save money and u might end up having nothing in end.. It's a ratio of earnings and savings , how well you manage that n how much you get out by investing sensibly.. Most important during all this...u need to live your life n stay happy as well .
Sir, these kind of real life case studies are very helpful. Life stories for most of us is similar or close to such stories. When you analyse such cases, it gives us an advantage of measuring up our own life story with slight tweaks. It is recommended that you can conduct one such case study per week.
Sensex was a high of 20k a low of 9 k in 2008. If you had invested in a lumpsum of 15k AVG. You would have got a much larger return, along with yearly dividends or much larger cap appreciation if you reinvested dividends
What the title should be is. Don't buy houses for investment. Not , live on rent for your life. Having said this. If you start working at 25 you should rent till 35 before you invest and buy your house
My mother thinks we should buy house else i will face difficulty in getting married but i dont want to buy house on home loan. I have some debt of father to repay. I am little bit stuck in what should i do. I am of opinion to invest that amount in equity for 15 to 20 years and then buy dream house after 35 age. Sir what is your guidance. I am 20 year old started working since 1 year ago.
I feel, the root cause is missing out on the concept of minimalistic living. We all have done impluse buying and loaded our homes or rented apartments with non essential things. Having said that, if life is not about the daily little pleasures and only money, what's the point in living? I think it all boils down to each individual's long term goal. Many do not want millions in their bank accounts when they haven't lived properly in their prime.
I didn't even think a bit to buy a home , because my father did it for us in my home town . I will stay in a rented home till the time I work in the industry and then I will head to my home town . I can save that money for 2nd child and good retirement life . I also bought a plot in my hometown, because price of Land will go up for sure .
House is for living in peace & to raise your kids. It is not for investment. If you are living on rented house you will always have respect issue & lack of confidence that you don't even have a house for yourself.
The indian market is favored towards renters in most cases(not all), meaning there is heavy skew towards buying a home and so it is favorable for renters as many own a house and not many tenants around to lent it out to. :)
This for New Comers in market. If you have enough money buy house.. But don't fall in Trap for 30 years EMIs. Home Loans looks very light but are unseen part of iceberg.
A self owned HOME is a sancrosanct entity in Indian culture. Barring exceptional circumstances a Home is of paramount value since ages. But for new age financial whizkids who influence your judgement (on sheer gain and loss basis. A HOME is of utmost importance (even to the birds and animals) and the only entity (after immediate family) that gives emotional fulfillment to humans. Hence every sacrifice is worthy enough that goes in finding ONE. Renting or hiring a House (A HOME CAN NEVER BE RENTED OR HIRED) culture is a new phenomenon and can never replace the joy of owing a man's NEST called HOME...!! To sacrifice the joy and value of a HOME for few bucks in Banks is sheer nonsense...! More so after harrowing Covid Pandemic which catapulted Work from Home culture all over the world. Always cherish and try to have one of your own...! 😊😊
Real Estate is considered in two different aspects, one is based on your emotion. If it's a first house, then definitely it's not an investment. You bought it to enjoy your asset. And on the other side, you might take real estate as an investment, then Plot(with right approvals in gated in scope of development) would save a lot and appreciate a lot compare to flat or house. However, real estate is just one type of diversified investment which shouldn't be more than 40% of your total investment.
@@rohannampalliwar4526 . Being sarcastic never meant devoid of logic!! He could have said, live without a car, mobile or PC!! But food!! So your comment itself is intellectually devoid!!
if ypu rent a house you are considered outsider by the hosung society , you cannot attend society meetings, and cannot complain about any matter concerning society conduct. Also the flat owner can tell you to vacate anytime and then you have to search for another house. Financially agree maybe renting is cheaper than buying but owning your residence gives you a powet .
We don't want to buy flat in multistorey apartments..but we can afford to buy....we need to stay in prime location near office...can we buy properties in hometown ( small town) and collect the rent and pay the same in city..
Rich people say Money has value, house owners say renting house is better, it's just like grass is greener and the other side. It's your life make it memorable one ❤️
I would rather buy the house than rent. Owning a house gives stability since you don’t have move around every 2 years or so if you stay in rented house.
What about the inflation adjusted rental yields. Even in case of self occupancy, the notional yield should be counted. Will Schiller have the same calculations?
This advice is good only for metro cities, In tier 2/tier 3 cities always buy a house. Matlab kuch bhi, buying a house is a low profit investment bas loan amount kam dena chahiye.
No, unless you deposit more than 20k, because when you make a payment even there are some charges mentioned, best train your mind(FOMO) and invest in MF or Direct stock. You will get a lot of return even after Taxes.
Gratitude 🙏✨ Q1. Is it compulsory to take a rent agreement other than "rent receipts" with complete address and sign of manager/landlord on"revenue stamp" On tent receipt ( I have Aadhar Card details of the owner) ..... Does company should mention the rent paid in Form-16, I heard from a young accountant that if company has not mentioned, one can represent rent rexwpits with proper address, that must match with your Form-16 which company gave during F&F or for other purposes, request for guidance?? 🙏✨
For salaried If one earns HRA equivalent to rent and increases every year you dont need own house.. by the time he retires he could save the emi to many fold than the house value.
Word of wisdom : If anything you do takes away your tranquility it's not worth going for. It could be buying a house or a car or a nagging partner or an irritating friend. Don't fall for what majority says...like you should have a house of your own or you can't customize a rented house. These things have been fine tuned into people by ancestors and are emotional. I see people saying that house gives you a feeling of proud....nonsense, it's just how your mind works. Lastly, people tend to forget that they are mortal. They plan too much while everything could vanish at the blink of an eye. Be patient and take life easy. Ofcourse if you are rich then you can buy anything you want without considering what I said earlier. PS : majority is always wrong.
What if you don't own any house...you are 30yr old and paying 30k as rent....after 30yrs when you retire you are still staying on rent but how much rent will you be paying.....rent will increase every 11months....so, how much will you loose if you don't own a house? This will be applicable only if you are taking it as an investment
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If a person doesn’t marry, he/she can save tons 🤣🤣
Completely AGREE. It's tough but yeah I'm planning to stay unmarried till I achieve financial freedom.
@@sakuragihanamichi7415 👍
What about s**x then. Need s**x to keep ourselves happy.
@@casualhater-ignore_me5712 you need not buy a whole farm of cows and maintain it lifetime just to drink a liter of milk..sometimes.
Single..in mid age..and way too happy. No commitments whatsoever.
No matter what... start owning at least one house or flat early in life with a limited budget, that removes life's uncertainty from mind. Having that, the confidence you gained can be applied to chase your other dreams.
Well said everyone should have a roof somewhere in the world to go back in case shit hits the fan
A small permanent shelter is necessity!
Rented means anytime you can be asked to vacate
Not true, a house basically ties to a place. If shit hits fan , you will sell that house at loss. While if shit hits fan ,you will have option to live in a lower class housing society and can manage yourself.
@@GreenDriveIndia I am assuming in case shit hits the fan you can retain your primary residence. In that case you can maintain your quality of life without extra spending
@@princeofheaven19 I know many real stories, you are forgetting the point that you have already paid a good amount to own a house. And with that much money your shit would not hit the fan. All these are my personal experience, I could have saved around 1 crore but instead I got busy in owning a house and still paying emi. Totally not worth if house is on loan.
Not having a permanent address is very inconvenient . Changing the address for your ration card, aadhar card, voter's card, PAN card, Gas booking , Driver's licence, Passport, address given in the workplace and to friends and relatives for occasional communication, KYC to be given every year for bank accounts , ..... phew !! A middle-class person's life is complicated.
This channel is for sensible people. Not fr those who want to be like every body just keep up with trend. Fantastic perspective presented
oh ok.
In order to become sensible and to look different most of the time we miss basic sense.
@@shriprakash9556 rightly said 😄👍🏼
ense
The satisfaction of living in own house, decorate it, peace .. cannot earned by investing
From investment perspective, it's a stupid idea. If you buy for the fun of it, go for it ...
He is speaking from an investment perspective.
@@abhishekkj9664 he is saying do not buy a house at all
True sir
Rented house has convenience bro. We can goto rented house next to the office of ours.
@@sagarsimhakt7158 You can also rent your own house and shift wherever you want. But trust me 20 years after paying rent you will realise why you should have purchased a house instead. You will feel all your money is lost paying rent to someone.
My plan would be to live on rent in metros and retire owing house in tier 3 city/ village . Buying house for future generation does not make sense as they probably will not live with you.
Review you plan again. In old age you will be needing emergency medical care. If you have home in tier1 city your chances of survival will increase for like 5-10 years.
@@casualhater-ignore_me5712 metro city full of filth,pollution
@@khabylame2633 i have to agree with that. But villages are also not untouched.
What is land rate in tier 3 city?
@Smatchet On an average?
Our emotions about home is the profit for real estate owners.
Housing prices are heavily inflated in most Indian cities.
It's still a big dream for most people to own a house
My strategy...always buy cheaper home for living...buy 30 lakh flat without loan instead of buying 60 lakh flat with loan .invest rest in stock market and it will give u money to buy bigger flat in 5-10 years.
This is a complicated matter and each person has a different situation in which he/she’s in. But a simpler way to go about is: Never consider the house which you want to buy for the purpose of living in, as an investment. The house where you live is always a liability. That’s why the place where you live is called a home and not a house.
100%agree, u r very Intelligent, u have the grasp of the subject
No sell your own house and live on streets.
Sir I am 31, and really greatful to you for all your advice. You have made a remarkable impact in my life.
Thank you so much again:)
All the best
We built the house before covid and covid happened my husband lost his job and started finding it difficult to pay the loan and now we are in deep shit and planning on selling our house so if you have a consistent job and backup invest in property if not be happy in a rented house
Good advice, as you cross 40 years age, stop taking big loans for flats.
If job is lost, how can we pay rent ? In both situations, it's tough if we loose job.
@@supersparkle86 but loan amount is more compared to rent especially when taken from a cooperative society
Feel sorry for you. Buying a house on loan is not easy and prone to high risk in case of job loss or death. Better to go for rent till roots are strong and then take calculated risk.
Thank you so much Madam for sharing ur true Life story with us
In India better buy the best possible house in case you are living. Never buy a house or plot as investment. Very difficult to keep open plot secure and it is a big headache to find renters
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Arvind sounds like a well organized individual; owning a house is pleasure on its own, so a small investment loss for that pleasure is what life is all about. But only if you are well planned and organized like Arvind.
Buying a new property is absolutely a matter of pride! It makes you feel you have done something for your kids. It also helps you endure stress to pay and enjoy stress free life later.
Be like Arvind 🙌🙌🙌
Ardent follower of subra sir from many years via his blogs and twitter..always have learned and incorporated his suggestions and advice in real life EXCEPT for not buying/ owning a house..i am 44 and stayed in rented house till chinese virus struck then and their i understood importance of owning a house..now i am living in my own house constructed between the 2 lockdowns..
True for second home. new middle class needs first home. Because you can not do many karma Kanda at rented house. First home is not only am financial investment but a emotional and cultural investment .
Home buying is an emotional purchase, people like to buy with a mindset that they are investing but primary residence is not an investment. Even if you sell a 2 crore home and feel good about it, you will not change your lifestyle overnight and move to slums. Most likely, your primary residence will be a 2.5 crore investment now and so you need to shell out more than you got from sale.
I really admire this person’s ability to break it down and he has explained everything very well. As a real estate finance professional, I agree with him completely.
You can't take suggestions about you life from others...each life is unique. Go by your thoughts
I think buying a house for investment is not a good idea...if you buy for living then it's fine....don't expect income or profit on house.... If one want to invest in long term go for mutual funds or stocks ...
The way labour cost went up & material cost went up, apart from the increase in the land cost, buying a house in your early part of life is a very good idea if you are going to live in that. The children would have a lots of friends in that area. If you decide to live in a rented house, your children would not be able to have a stable friends group. There is no value for your happiness. So, the house for living can’t be put to investment rules and metrics.
House is a investment, home is not. Home is a home. Let's define it first.
Got it!!!
You cannot customize your living/working space in a rented house to the same extent that you can in your own house. So it depends what you value. Obviously don't buy a house when you are financially under pressure. But when you are financially well to do, it makes no sense to not have an own house in a good location
@@rafaelw8115 customizing as in painting, and for example giving one room a boho look, another one a rustic look.
You are forgetting that landlords can at any time ask you to move and you need to find a new house and move furniture, change address everywhere etc
Exactly, no one wants to go through this hassle for life
You don't need huge space for living look at our earth 😂 Buy it if its in your budget or Rent it if you can afford 🙏 The aim is to survive we are here just to complicate the game 👍
Shifting homes is a pain in the.... landlords throw tenants out after 1 year.
Exactly bro
Please ask this person what does he do for living? I mean 25 lakh per annum means atleast 150k per month!!!. Asking for career path
People who consult our sir are elite ppl who minimum have 2/3 houses ,3/4 4 wheeler, around 50lakh-1cr in bank account. Not common guy who thinks twice before recharging his mobile 😂😂
Some occupations in IT(or marketing, management) also pay that or higher. :)
If your job is not transferable, own a house, otherwise don't.... simple....no more thoughts....
You are born in India. Buy immediate after 25 years. If you are Hindu you must buy house and live in it. Otherwise Non Hindus will buy and there will be no space left. Whether you die in your own house or not,you must own a house. This gives
self respect
Hedges against any inflation
Society respects
Bride parents have plus point
Wife to be have concrete investment
Due to rising inflation at future you may have to move 30 to 50 kms away from centre point.
You get good investment when you wish to sell
Yes...
Real estate has not gone up in past 10 years !!!
As governments have created currency out of thin air for the past 30 years, the price real estate has gone up faster than any increases in real wages. Also renting is a waste of money. Here in UK the cost of renting in most cases is greater than the cost of a mortgage.
Many champs thinking residential real estate as an investment should realize that if you are taking a big amount of loan to buy a property and if the property rate does not appreciate by multiple factors over a long period of time, then you would hardly earn any money considering inflation rate 6%. People do not realize that they cannot make an investment by taking loan.
Secondly, property maintenance increases over a period of time. It is only after a long period of time, you suddenly realize that how much you have spent over a long period of time to maintain your property.
Thirdly, even assume that someone gets lucky to get multifold appreciation on his property in the long run and even he could sell his property at the market price, then also, he will not be able to buy similar new property at the same location with the property sale proceedings.
Lastly, I have seen many people getting emotionally attached with the property they bought and seen them making compromising with their career by not relocating, not taking promotion due to fear of transfer and even not taking job change in the same city as the new work location would be far to travel from his residence.
So, the crux is that it is not wise to consider residential property as investment especially, you are taking bing loan to fund your property. The other losses I mentioned above would be extra. However, I am not here to discourage anyone from buying a residential property. If you are financially secured, it is not at all a loss making decision with some realistic expectations. For wealth creation, investors always prefer commercial real estate to residential real estate (that is also by not taking any big leverage).
One logic people tell me is that when they have not bought a house and kept money in bank ,they have splurged it in non essentials as the temptation of available money in bank is higher .
@bablesh property is relatively a safe investment as liquid money can vanish in buying a car , electronic items and impulsive shopping
Yes. U will endup buying 15 lakh car 😀 however 7 lakh car should have been bought.
@@agarvipul why even buy a car worth 7lakhs when you can rent an uber/ola or use public transport.
@@Alchemist2328 Itna bhi garibi mai nahi jeena.
@@agarvipul sahi kaha dost. It all boils down to each individual's life goals. Society shouldn't judge.
Have an own house is far better than a rented house, period. It doesn't have to be a villa, 1 room+BK is enough. One of my cousin sister was staying in a city for medical treatment, but the neighbours had her removed, citing they too would fall ill just by seeing her, she can't walk & has to constantly visit hospital, without disturbing others. DO what is best for you, not because someone on the said it, that decision might be best for his lifestyle, & by no mean is wrong.
subra sir please do more of these kinds of real life financial questions... this was really helpful.
Barkat.... a house gives a lot more than any ROI.. people who live, eat , be happy in a house , get more in life through ways of friends, neighbours, a community etc... I m in my 30s and always heard oldies saying that a small house but it should be owned. rented house never brings that barkat in life, that abundance that feeling of satisfaction that we are all after. a house is a feeling, a realisation , a safe haven for all your troubles. sleeping in our own house, is being a king of of our kingdom. as human we are striving hard for freedom and that is what our own house gives. no other investment can be as fruitful as a house. whether u pay more or less what house gives u no other commodity can. please strive and buy a house. everything else will follow. good luck :)
Says who.
Ironically he is making videos sitting at home.
Person owning a house.
Land+House, Its a place where Family Lives togather and call it Home, Well offcourse average age of a person is 80 Years, and Person should invest 10 Years life in making home, and then 5 years to Kids, In fact as per you person should not invest in Kids Like Education+ Games + Cloathes etc. Its waste of money , at the end they will go and live with their partners, a Person should earn and Spend on essentials of life, else Money is Just a number it will increase or Decrease. but Life goes on and on. So Earn and Spend on happiness
@SUBRAMONEY Well, Thanks but no thanks , Giving suggestions in investements is like a template priest prediction, both are baseless some times if True and Some times False. as per me We come to Life to Feel, Earn and Enjoy. you are just making vidoes to make money from you tube and to make your name after you , nothing else.
So Enjoy by making Videos and to ask people not to buy house and make them homes.
@@anujmansa it’s a fake ID. Pls click and check. Subra is not providing any investment advise. He is just sharing his knowledge to make people think and make better investment decisions on their own.
@SUBRAMONEY ur ID is fake
@@PraveshKumar-qf5me I dont know what Fake ID you are talking about , second i have given my Openion and I have all rights to Say what is not correct, as you said correctly "Better Investment", Every thing is not Investment, He should mention this in his video that buying house is not just Investment It Imotional value for People, so think that way as well.
@@PraveshKumar-qf5meI got this from you guys "
SUBRAMONEY
9 hours ago
Thanks for watching and commenting,we are always available for questions ,guidance on how to make a profitable investment " What is this all about , He is Selling himself isn't ?????
Your advice is ok for those who purchased the home and then sold it for a profit and are now staying on rent with same money in fixed deposit covering up the expenses.
The questio to ask yourself is :
Asset OR Liability
Where are u investing in????
Ask urself.
He must be sitting on his own house and advising others to not buy
May be that's why he realised 😀
It is just because of .....as he has experienced ownership ✨
He said 'don't buy a house as an investment'. Buy it if you want it for use. Buying at an EMI of 20-30 years is not a very good idea. Age, existing corpus, future goals etc. should be reviewed personally as every case is unique.
Do the math yourself
@@sharingiscaring.2578 then might be he has not faced pain not having own house and keep changing house after every couple of years
Owner of the rented house can ask you to vecate any time, searching for a housee suited for everyone in the family.... including kids.... Moving, shifting can be a pain and expensive.
As one advances in age, kids move out, and you should go through all the hassels of moving by yourself.... Not easy..
If you have the means, better to go for own house.
buying property was good soulition till you don't how to invest in other alternative investment idea like staock market and also it has force saving concept
I have invested in equity for 11 years , still investing in equity. Bought one plot in my 11 years of my working life. Retired @36 . iam in Mysore
Hello from another Mysorean of same age, I am planning to buy as well. :)
Lot has changed over 40 years. In earlier generations house was the plade where we were born, raised,got educated, got married, worked and died. Same for next generation.
Tell me how many of above are true for this generstion? our careers take us to multiple cities. Children move out as soon as they are 20. We will probably die in an old age home.
Buying houses,at current valuations in our shitties, is financial suicide. A harakiri with money.
Very Very true I been always advocate of not buying property just thinking it will be good investment(It's just poor man's thinking and builders+politician+bankers benefits from such thinking because home is emotional to most of people)
The house you like in Liability not an asset.
Thank god my dad didn’t take your advice 😄. Now I have a home to live 🏠
You can live even on rent but it depends on what you want. Nowadays it doesn’t make sense to buy a house. In the past it was different.
Ur dad one is okey as long as its not from ur pocket !
@@majinkenshin911 it's hard to live in a rented 🏠..u can not make any changes or decorate as per your wishes.you are on a mercy of a landlord if he/she will renew the agreement..better to have a small one if you can afford..now a days landlord does nt spend even a penny on maintenance.forget white wash.and at times it's foolish to spend money on these knowing it's not your home.
@@holypunk12 Shouldn’t I think about my son too sir?
@@droneshots8561 you can but that give u some time to build wealth before....
Anyone must have one own house if he/she can afford. House is much more than returns . The freedom and comfort you get in own house you can customize it etc . You don't want to be tenant for life specifically country like India where land is in scarcity
Land is never in scarcity. Only development is. It is predicted that India will have 100-200 cities as large as the mid tier ones today.
Buying a house is an appreciating asset mostly so having a monthly side income gives financial freedom
Two things.
1. If you can stay disciplined for 20-30 years making sure the money u didn't invest in buying house is used sensibly for investment...don't buy flat..
2. If u not disciplined , u cannot save money and u might end up having nothing in end..
It's a ratio of earnings and savings , how well you manage that n how much you get out by investing sensibly..
Most important during all this...u need to live your life n stay happy as well .
Sir, these kind of real life case studies are very helpful. Life stories for most of us is similar or close to such stories. When you analyse such cases, it gives us an advantage of measuring up our own life story with slight tweaks. It is recommended that you can conduct one such case study per week.
i bought house in 2008 @14 lakh now market price is around 60 lakh.. 🤔
Sensex was a high of 20k a low of 9 k in 2008. If you had invested in a lumpsum of 15k AVG.
You would have got a much larger return, along with yearly dividends or much larger cap appreciation if you reinvested dividends
What the title should be is. Don't buy houses for investment.
Not , live on rent for your life.
Having said this. If you start working at 25 you should rent till 35 before you invest and buy your house
I seriously owe you vote of thanks , sir thank you for making me financial literate..... great respect for you 👏
My mother thinks we should buy house else i will face difficulty in getting married but i dont want to buy house on home loan. I have some debt of father to repay. I am little bit stuck in what should i do. I am of opinion to invest that amount in equity for 15 to 20 years and then buy dream house after 35 age. Sir what is your guidance. I am 20 year old started working since 1 year ago.
dont buy
Everybody just read this book
RICH DAD n
POOR DAD
Very important tips improving financial awareness. I should have known these tips in my 20s.
Glad it was helpful!
A wise old man.. This is my 1st video from your channel. Huge respect..
Is it your own house where you sitting and recording video???
Title is misleading, no pros and cons for rent /ownership.
I feel, the root cause is missing out on the concept of minimalistic living. We all have done impluse buying and loaded our homes or rented apartments with non essential things.
Having said that, if life is not about the daily little pleasures and only money, what's the point in living?
I think it all boils down to each individual's long term goal. Many do not want millions in their bank accounts when they haven't lived properly in their prime.
Very good video but unfortunately many will not like it since they are still with real estate and gold...
I didn't even think a bit to buy a home , because my father did it for us in my home town . I will stay in a rented home till the time I work in the industry and then I will head to my home town . I can save that money for 2nd child and good retirement life . I also bought a plot in my hometown, because price of Land will go up for sure .
House is for living in peace & to raise your kids. It is not for investment. If you are living on rented house you will always have respect issue & lack of confidence that you don't even have a house for yourself.
If everyone stays on rent, who will they buy it from?
The indian market is favored towards renters in most cases(not all), meaning there is heavy skew towards buying a home and so it is favorable for renters as many own a house and not many tenants around to lent it out to. :)
This for New Comers in market. If you have enough money buy house.. But don't fall in Trap for 30 years EMIs. Home Loans looks very light but are unseen part of iceberg.
Avarage price raise just 4-6 percent, Stock Market give you better return.
House is product not investment.
Sir , I think everyone should own one home 🏡...for mental peace but having 2/3 houses, weekend home etc is not a good idea.
A self owned HOME is a sancrosanct entity in Indian culture. Barring exceptional circumstances a Home is of paramount value since ages. But for new age financial whizkids who influence your judgement (on sheer gain and loss basis. A HOME is of utmost importance (even to the birds and animals) and the only entity (after immediate family) that gives emotional fulfillment to humans. Hence every sacrifice is worthy enough that goes in finding ONE. Renting or hiring a House (A HOME CAN NEVER BE RENTED OR HIRED) culture is a new phenomenon and can never replace the joy of owing a man's NEST called HOME...!! To sacrifice the joy and value of a HOME for few bucks in Banks is sheer nonsense...! More so after harrowing Covid Pandemic which catapulted Work from Home culture all over the world. Always cherish and try to have one of your own...! 😊😊
Buying a plot, building and owning a house in India is the most depreciating thing to do!
36 lakh yearly income, wondering if 1 Crore house is a bad purchase.
Kya yaar tum log ?
That is called being financially prudent.
It's great sir. Keep sharing your insights helping us to live a better life!!
strictly i must say, all this applies to rich class or higher middle class only, lower middle class cant afford to stay in rented flat forever.
Sir
You are the right person to guide us on financial issues
Mostly for retiring people
Real Estate is considered in two different aspects, one is based on your emotion. If it's a first house, then definitely it's not an investment. You bought it to enjoy your asset. And on the other side, you might take real estate as an investment, then Plot(with right approvals in gated in scope of development) would save a lot and appreciate a lot compare to flat or house. However, real estate is just one type of diversified investment which shouldn't be more than 40% of your total investment.
Rent is near emi of new home purchase then which is valid??
Very helpful for people like me who are in their 30s
Thank you 🙏🏾
You're so welcome!
Very good question and answer too!
Glad you enjoyed it!
Don’t eat food man, you can save a lot and that too on a daily basis. Think about the compounding.
Scientifically wrong statement as food runs our body processes..
@@thatspp4503 intellectually wrong reply as he is clearly sarcastic.
@@rohannampalliwar4526 . Being sarcastic never meant devoid of logic!! He could have said, live without a car, mobile or PC!! But food!! So your comment itself is intellectually devoid!!
@@rohannampalliwar4526 Chhod do, ye behen kisi aur hi trip par hai
@@minalpuntambekar1239 😂
is this a re-upload? I bet I heard this one before.
Question ends at 4:32.
😁😁😁🤣🤣🤣🤣
If no one buys home who will rent?
Sir in big city like pune it's not easy to keep changing house after 11 months...life is not a circus to keep moving from place to another place
👍🏼
Big city like pune? Them mumbai would seem Titanic to you
Brainless talk by you
Have some education and brain before any message on you tube.
if ypu rent a house you are considered outsider by the hosung society , you cannot attend society meetings, and cannot complain about any matter concerning society conduct. Also the flat owner can tell you to vacate anytime and then you have to search for another house. Financially agree maybe renting is cheaper than buying but owning your residence gives you a powet .
We don't want to buy flat in multistorey apartments..but we can afford to buy....we need to stay in prime location near office...can we buy properties in hometown ( small town) and collect the rent and pay the same in city..
Sir, I understand the value of being asset light. But , is there any issues of not having any land or house in your name?
Renting is best best option real estate investment is worst decision. This looks bad but long term you will gain more in other investments.
Rich people say Money has value, house owners say renting house is better, it's just like grass is greener and the other side. It's your life make it memorable one ❤️
Make it large*
I would rather buy the house than rent. Owning a house gives stability since you don’t have move around every 2 years or so if you stay in rented house.
EXCELLENT. I am a shareholder of Ultratech, Hdfc bank, Asian Paints, ...etc. The economy depends on people buying new houses, please buy.
What about the inflation adjusted rental yields. Even in case of self occupancy, the notional yield should be counted. Will Schiller have the same calculations?
Home may be bad as financial investment..but home is an important imotional investment.
This advice is good only for metro cities, In tier 2/tier 3 cities always buy a house. Matlab kuch bhi, buying a house is a low profit investment bas loan amount kam dena chahiye.
Sir,
Is NPS is good investment?
How much return can we expect?
9-12% in NPS
Above FD, less equity
No, unless you deposit more than 20k, because when you make a payment even there are some charges mentioned, best train your mind(FOMO) and invest in MF or Direct stock. You will get a lot of return even after Taxes.
Gratitude 🙏✨
Q1.
Is it compulsory to take a rent agreement other than "rent receipts" with complete address and sign of manager/landlord on"revenue stamp" On tent receipt ( I have Aadhar Card details of the owner) .....
Does company should mention the rent paid in Form-16, I heard from a young accountant that if company has not mentioned, one can represent rent rexwpits with proper address, that must match with your Form-16 which company gave during F&F or for other purposes, request for guidance?? 🙏✨
For salaried If one earns HRA equivalent to rent and increases every year you dont need own house.. by the time he retires he could save the emi to many fold than the house value.
The best investment is owning a business. Not share market and real estate.
In case of rented house ,you have to hop from one house to another in view of 11 month contract
Word of wisdom : If anything you do takes away your tranquility it's not worth going for. It could be buying a house or a car or a nagging partner or an irritating friend.
Don't fall for what majority says...like you should have a house of your own or you can't customize a rented house. These things have been fine tuned into people by ancestors and are emotional. I see people saying that house gives you a feeling of proud....nonsense, it's just how your mind works.
Lastly, people tend to forget that they are mortal. They plan too much while everything could vanish at the blink of an eye. Be patient and take life easy. Ofcourse if you are rich then you can buy anything you want without considering what I said earlier.
PS : majority is always wrong.
Sir, Is it your owned house OR Rented one??
What if you don't own any house...you are 30yr old and paying 30k as rent....after 30yrs when you retire you are still staying on rent but how much rent will you be paying.....rent will increase every 11months....so, how much will you loose if you don't own a house? This will be applicable only if you are taking it as an investment
agreed Boose
Buying a house because of ur desire is gr8 thinking its investment is stupid.
Your analysis is bad on this .........house will have its own advantages....house will make his entire generation rich...not him rich....