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I think floater interest of bank also needs to be considered which will increase time to time. Also I highly doubt the resale value of flats. Built quality is extremely poor for most of the cases so after 20 years it will be like scrap.
I buy a one jhopda in Mumbai which is cost 20 lakh without any loan and after that I am getting rent 10000 rs per month, because it’s 1+1 this is really not tell anyone only flat flat and I stay on a rent in a flat just paying 10000 extra for 1 bhk, @ankur warikko let me know if you have any query, you have answer on this for investing even if builder comes and they make SRA building cost will be around 30 lakh and rent 15000 which is going currently other building, so my plan for investment and earring go for plot area not for buy flat
Ye aap sab youtubers bolte they ki ghar mat lena covid ke time, ye to bhala ho mere papa ka jo mujhe force kiye ghar lene ke liye. Aaj mera emi is same as rent.
Honestly the problem nowadays is that if you are sure you are going to live in this house forever or a long time then it makes sense. Problem yeh hoti hai ki doosre city me agar move karna pade toh ghar bechna bohot badi problem hai, you will never get a good amount for your old house (kyunki har koi naya ghar Lena chalta hai and builders banate bhi jaa rahe hain) Fir doosri city me rehke rent etc manage karna bhi headache hai. So never consider buying a house as an investment.
The biggest motivation (atleast in my case) to buy a house is peace of mind. Land lords behave as 'Lords' sometimes. Even if your contract is valid, they can ask you to move just with one month notice. You never get the feeling of owning a house. In some societies, committee treats you like an out siders and so does your neighbor. Even the watchman do not listen to you just because you are on rent. And on top of it, the hassle of moving ever now and then also to loose friends that you make in one society... Always remember one thing, not buying a home is a decision from brain and buying is obviously from heart.
But I never face like the outsider in Chennai and Hyderabad in gated society. Infact renting gives advantage of not caring about society meeting and all. But I would suggest to purchase a flat when u have kids not before that 😊 because kids will enjoy all the amenities and your family will be safe and your kids will feel like their father is having his own home. If single and couple then renting is better as u can explore more 😊
lives in noida just 15min drive to delhi, buying my own flat 13 years back was the best thing i did....today its value is 2.5 x BUT THE EMI i pay is less than the usual rent in noida and my sal is 10X in those years..... having a home where all family can live and share memories is great investment i didn't listen to all the influencers who would suggest not to buy house then , and it turned out great point is one should listen to all the views but do what suits best for you love that ankur has always stress on buying home
@@aajaykapoor are bhai 35-50k monthly rent bhi deta mai vo bhi laga lo apne profit calculation mai.... I own my house in an area where I have to spend 6x the money for the same house today....i pay no rent.....i have many great memories in my house I invest in stocks too and I do pretty well there but I wish financial influencers stop embarrassing people for buying a house.... buying a house is essential ...... what I strongly disagree is...buying another house after already buying one....that's a bad investment
today in noida prices are very hiked, almost doubled in last 2 years, I was planning to buy a home which was cost around 50lacks 2 years ago and now it's almost 1.3 cr for same 2bhk, It's just not affordable in Noida for a middle class. Plot rates are more than 1 cr even for a 70SQM
Ankur sir, I had to shift from my last flat after 1 year as the owner increased rent from 16k to 22k per month. 1 year back I paid society entrance cost of 5k, brokerage of 8k, rent agreement cost of 1500, shifting cost which was around 10k (including transportation, labor and uninstalling and reinstalling appliances) then again some 5-6k to buy stuff for new rented flat. This I had to repeat again this July. The cycle is repeated again and again over the course of 20 years, the total cost of renting increases by 30k per year.
I agree. Sometimes, you have to shift to a new rented house for various reasons. However, each movement can cost at least 50,000 rupees. I have had to change my place three times within the last five years due to my landlord either selling his property or wanting to stay there himself. These are practical pains that come with living in a rented flat.
Just shifted from one rented flat to another. So sharing my experience. Pls include 1. Brokerage 1month 2. Somedays where you have two flats in rent for shifting. 3. Mental hassle 4. Leaves for shifting n setting up. Mins says rent .... Heart is like Bhai bas ho gya ab .. thinking to buy😢 now
Shift main jo toot phoot hui wo add nai ki We installed a solar over previous house in new rental owner don't allow us to install that solar system is just resting at side 3rd maintenance is always on our side owner never do anything its our expense in both cases
Bangalore figures are a bit off. First, 3 month deposit is very rare. Landlords usually start with 10 months, settle on 6-8 months, and very few agree on 3 month. Also, usually in Bengaluru, a majority of landlords illegally charge a huge amount of money (equivalent to 1-2 months of rent) when you vacate the place. This is a very important hidden cost for you as a tenant.
Bangalore house owners are playing games and are demanding ridiculously high rent. I got really pissed off and booked 2 flats for myself. One to stay and one to extract rent from others . As they say , if you can’t beat them , join them ! All in all , it’s a game of demand and supply .
Main Punjab mein rehta hu aur mere paas 3 shops hain jo maine rent pr diye hain. Shops 20lakh ki hain aur rent main 6000/month krta hu yani 72000/annum. 72000/20000(1% of my shops price) = 3.6 rental yeild
I live in Bangalore and was thinking of buying a house and this video came just on time..as if you read my mind.. thank you for this informative video sir..
No one tells you that rent increases with demand and ofcourse inflation. If you have a lease agreement, you have to pay lawyer fees and movers and broker as well plus deposit. If the owner decides to sell while your agreement is still on, you have to go through the same process. You lose all the money as you don't have anything under your name. After staying on rent for 5 years, I feel buying a house is expensive but best option. Where you you go when you become old? For how long to keep on moving. In 5 years I have moved thrice due to owners decision and it added to stress of finding house on rent with same budget and so much cost was incurred. Have a small house but have something you can call your own.
This video is misleading and have missed many points. Talk to a proper financial expert before making that decision. It has many other factors than simple assumptions and is different for married individual with dependants and a bachelor.
In calculations sheet for every city, the formula for column O is "=IF(F4>B4,'Calculations - delhi'!F4*(1-Decision!$K$27)-B4*(1-Decision!$D$17),0)". Which means when rent is higher than EMI the saving is made 0. Please explain how saving can be 0 in these cases. Essentially, you are paying more rent than EMI, thus savings should become negative. Can you please check the calculations?
I guess the advance rent deposit amount for Mumbai and Bengaluru got swapped in this video. No one in Mumbai pays 12-month rent as a deposit. Have heard that happens in Bengaluru though
In 2004 bought house worth 30lakhs. Since 2006 i am giving house for rent fetching me 40k-50k/month. The price of same property now in 2024 is 2.5 cr. Price appreciation + rental yield of 15% approx. Real estate is king of all investments!
@@rahulkopparthi9039 I got allotment of Awas vikas property in 2004. I started giving my house on rent in 2006. 2floor rental income at 20k(10k each for 3bhk) at that time. In 2024 it has now gone to 20-25k per month for each floor which is around 42-46k/month I am getting. Currently I checked the valuation of the property it is around 2.8cr after revision of circle rates which was time of purchase was 30lac around in 2004
What about brokerage? Two months almost every year. In Mumbai broker or land lord don't allow you to stay more than 11 months. Also , every time there is headache of changing house. Packers and movers charges etc.
In calculations sheet for every city, the formula for column O is "=IF(F4>B4,'Calculations - delhi'!F4*(1-Decision!$K$27)-B4*(1-Decision!$D$17),0)". Which means when rent is higher than EMI the saving is made 0. Please explain how saving can be 0 in these cases. Essentially, you are paying more rent than EMI, thus savings should become negative. Can you please check the calculations?
I agree ..if you are planning to stay in the same city for a long time ,then it is always good decision to buy a home irrespective of the excel calculations..
In calculations sheet for every city, the formula for column O is "=IF(F4>B4,'Calculations - delhi'!F4*(1-Decision!$K$27)-B4*(1-Decision!$D$17),0)". Which means when rent is higher than EMI the saving is made 0. Please explain how saving can be 0 in these cases. Essentially, you are paying more rent than EMI, thus savings should become negative. Can you please check the calculations?
In calculations sheet for every city, the formula for column O is "=IF(F4>B4,'Calculations - delhi'!F4*(1-Decision!$K$27)-B4*(1-Decision!$D$17),0)". Which means when rent is higher than EMI the saving is made 0. Please explain how saving can be 0 in these cases. Essentially, you are paying more rent than EMI, thus savings should become negative. Can you please check the calculations?
I bought an apartment in Bangalore back in 2013 for 72 lakhs, 6 lakhs for interior. Say 80 lakhs total. I closed its EMI in 2020. In 2023, I moved to an independent house, right now I pay an emi of 1.6 lakhs INR per month. I get Rs 60,000 rent from my previous apartment. Do you think I should continue renting out that apartment or sell it off for 1.30cr?
Good to have this excel sheet. The only part which needs some calibration is overall assumption. - as per video, hope everyone will be living above 30 yrs, so it is wise to buy. If someone stay for short time, it’s common sense that people will not buy house as daily provisions. - In more than 4 decades, I haven’t witnessed any house only increasing by 50% in 20 yrs. increase from 50lakh to 72 lakhs in 20 yrs. - the avg repayment time of 80% home loan borrowers is around 8-10 yrs in last 3 decades. I don’t see any different in future as well. - How many years it will take for the person in 20% tax bracket to accumulate 50lakhs which is assumed. There are many things, which can be explained on how people look at it, as
In calculations sheet for every city, the formula for column O is "=IF(F4>B4,'Calculations - delhi'!F4*(1-Decision!$K$27)-B4*(1-Decision!$D$17),0)". Which means when rent is higher than EMI the saving is made 0. Please explain how saving can be 0 in these cases. Essentially, you are paying more rent than EMI, thus savings should become negative. Can you please check the calculations?
@Ankur Sir if you can please share the Excel sheet in the description so we too can calculate and come to a decision ourselves Your guidance has been extremely helpful so far..
I think I get the idea. I will employ a simple math. If the rent for a 2BHK house is >30% of the EMI for a 2BHK house (in a non-flood prone region, never buying a house in these places who have to face the water in road issue every year, mental instability as good as paying rent), then I will go for buying a house.
Things are much different at ground level. Rentals are increasing at 10%-15% every year, or even more. RoI of 8% for Bank loan is nowhere near reality. At best CIBIL SCORE YOU GET RATE OF 8.5-8.6%. Assumption if home loan is 50 lacs. A decent home is not available for anything less than 1 cr. Plenty of wild assumptions there in the video.
It's high time IT firms should start moving out of Bangalore. Everything here is costlier compared to other cities barring Mumbai. And in return you get no facilities: bad roads, bad traffic, no public infra, water shortages, power outages, high road tax, tax for using flyovers list is long. I have nothing against local people and the city but life here is difficult! City is very beautiful with rich heritage and amazing climate but sadly corruption, unplanned development, lack of vision is destroying this city. No light at the end of the tunnel for Bangalore...
Lol. 😂. It will never happen. Bengaluru has a lot of land, unlike Mumbai and it will just keep on increasing. It has great investment opportunities and a great startup culture. It has great weather, low crime rate, helpful people and is a true metropolis with people from all over India. The metro constructions are happening at a tremendous speed as well and once the infrastructure develops in the next 10 years, it will be the leading city of India by miles. PS: I have stayed in almost all the tier 1 metros of India and I would say Bengaluru is the best out of them all.
@@temp1851 Answer lies within your comment itself. Even after a massive headstart city has still to catch up on infra in 10 years. My friend other cities are catching up way faster than you think. Bangalore is also one of the worst planned cities in India and you cannot fix it even in a decade as politician are busy making people fight on North vs South. Also, there are states with lower crimes rates which have fast developing cities. With all the language and 'go back' attitude people are having only shows their ill placed egos. Whether you like it or not talent will be redistributed among other cities and that's a good thing for India as a whole.
@@akhiltrivedi3051 nope it's not possible. I will tell you the problems: 1. Delhi-gurgaon: way to much population and higher crime rate. People are NOT polite. For a mild person like me, this place doesn't have the cool vibes. Hauz khas is the only place I liked. 2. Mumbai: way high rent and no way to get more land without reclaiming from sea. Also good for finance background. 3. Pune: still way too behind bangalore but is a good candidate for the next big city. It's infrastructure is way behind bangalore though. 4. Hyderabad: atm, second best city after bangalore. Decent weather, rent cost are not that high and is cosmopolitan as well. Only thing I didn't like is the politics brewing in the old hyderabad which sometimes come to cyberabad. I mean i would not be comfortable in a palce ruled by people like akbaruddin. 5. Ahmedabad: hardly cosmopolitan. No booze and non veg, meaning you would see much less diversity here even in times to come. 6. Kolkata: no comments 7. Chennai: bad weather, unfriendly people for outsiders, not at all cosmopolitan. Good for medical facilities though. If you look at this, you will find only hyderabad, pune and Mumbai has a decent cosmopolitan culture and even these places have their language and regional issues. Compare this to bangalore where the language politics hardly touches the IT hubs. Also, kannada are chilled out and I don't mind learning a language whose speakers are chilled out. My daughter will anyways learn the language at school. Bangalore also have the fastest growing unicorns, decent housing societies, has a good medical facilities and obviously great weather. Lastly, it's wrong to assume that infrastructure development in bangalore is slow. Basically, infrastructure couldn't develop at the same pace as how this city grew. But its happening at a tremendous speed now and I am pretty sure it will improve in the next 10 years.
In Bangalore, people pay 8-10 months' advance house rent. I'm stating this because last year only, I was out in the market for renting, and I gave 8 months' advance to my landlord.
Sir there are a few assumptions which I felt was missing , I’ll only state the major one :- The property appreciation (inflation adjusted) you’ve assumed is 8 % . So real appreciation becomes :- 8+6 = 14 % I think this is impractical , if you consider stock increase of just 10 %. If you increase the stock increase to 14 % , the decision lean towards renting a house
In calculations sheet for every city, the formula for column O is "=IF(F4>B4,'Calculations - delhi'!F4*(1-Decision!$K$27)-B4*(1-Decision!$D$17),0)". Which means when rent is higher than EMI the saving is made 0. Please explain how saving can be 0 in these cases. Essentially, you are paying more rent than EMI, thus savings should become negative. Can you please check the calculations?
In calculations sheet for every city, the formula for column O is "=IF(F4>B4,'Calculations - delhi'!F4*(1-Decision!$K$27)-B4*(1-Decision!$D$17),0)". Which means when rent is higher than EMI the saving is made 0. Please explain how saving can be 0 in these cases. Essentially, you are paying more rent than EMI, thus savings should become negative. Can you please check the calculations?
It is all due to the bad transport system of Bangalore/Mumbai. In gurgaon also near any ciber city rent is very very High. But due to the good transport system of NCR people choose to stay away from prime locations. So for delhi NCR one should choose to rent and stay away from prime locations.
@@Rowdy_don789 then why to stay in DLF PHASE 1,2. This is my point due to good transport and infrastructure people choose to stay away. Sohana road p flat le lo sasta mil jyega. Dwarka road p le lo.
Forgot about Mumbai, i stay in sub-urbs.. Flats rates here in 20 year become double.. I took flat in 27lakh in 2015 in that area flat prices were 3-4 lakh in 1997 and i am sure aftrr 20 yrs price will be double because aj yaha jo flat leta he usko same building me same area costing 35 lakh so more than 20℅ rise in 8 yr only
Ghar (flat) as a investment consider karke bhi video banaiye please. Like agar khaid Kar rent par laga liya (flat possession after 5-6 years considering). Please is par bhi prakash daliye. ☀️ 💰 ❤
@warikoo Total cost of buying the house calculation seems to be incorrect. As per your formula, total cost = maintenance + interest + "cost of property". instead of "cost of property", isn't it supposed to be upfront cost?
You don’t get flats for rent in gated communities in Bangalore for 15 k , 2 bhk rent starts from 25 k and goes up to 55 , 3 bhk starts from 35 and goes till 1 lakh or more as per the size of the flat ! This is applicable for good locations which are near Tech Parks e.g ECity, Whitefield , HSR and Yalankah !
It is all due to the bad transport system of Bangalore. Do u know that in gurgaon also near any ciber city rent is very very High. But due to the good transport system of NCR people choose to stay away from prime locations.
Buying house in good cities means In that good coties in future price will rise , economy will flow , market will run , city status will rise , Sure you will get benefits in 20years through renting In that 20th year if tou wanna buy house it will be difficulty cuz inflation will rise and citi will prosper and real state will boom in that area , So for me buying house is good cuz ou you can live after 20 years also , What is the reason of rent house when after 20 or 50 years you cant to buy house , In future all 80%population will live in 20% area then hluse owner will charge extra amount and higher increment at each year , which hard to pay and give you stress , So.its better tl buy land or house and pay emi for 20 pr 25 years so you can live another 50 or 100 year in that house when you go old weak legs , without any stress
Peoblem with such analyis is that they keep on adjusting rental yeild based on current price of thr house but in reality my purchase pruce remains fixed and rent keeps on increasing. If i buy a house for 1cr then my yeild needs to be calculated based on 1cr. Doesnt mstter if price is 4cr after 10 years
In calculations sheet for every city, the formula for column O is "=IF(F4>B4,'Calculations - delhi'!F4*(1-Decision!$K$27)-B4*(1-Decision!$D$17),0)". Which means when rent is higher than EMI the saving is made 0. Please explain how saving can be 0 in these cases. Essentially, you are paying more rent than EMI, thus savings should become negative. Can you please check the calculations?
sir it's a humble request please make a video on asset allocation, how we can manage investment through asset allocation and maximize our return. Please teach us in asset allocation
isn't the "Tax Rebate (simple assumption)" largely flawed? Maximum rebate you can save on interest amount is 2 lakh / year under section 24B. So your effective EMI = ActualEMI - Min(16666, ActualEMI) * tax slab rate
hi ankur warikoo sir, love for videos, can you please do one video on the latest p2p apps/websites claiming 12-18% return PA. Please can you also explain how they work, are they safe and trustworthy?? Please make a video or at least reply. Love your videos where you explain via excel sheet.
Buy a land outside city in a distance of 1.5 hrs for 40L Build a duplex semi luxury house for 50L Since most companies offer 3 days wfh this is possible. When u have enough money build one more floor rent it out with airbnb . 2bhk flats for 1cr plus not worth it for a family
What is the point of considering 10, 20, or 30 years? Does it mean that if a person predicts only 20 years of life left, they should rent, and if they expect 30 more years, they should buy?
You have assumed that difference between EMI and rent will remain the same as of first year and one can invest the difference @10%. Whereas rent will keep increasing and EMI will remain same. Eventually rent will be more than EMI
We considered HRA in case of renting. We should also consider the tax rebate on principal payment of home loan. In case both the couples are earning both will get hmgood amount of tax rebates. And this will change the instances
Excel doesn't work everywhere. If you say in pune for limited area can work but if you in Bangalore possible hi nahi 15k per month ek 2 bhk flat in society
In calculations sheet for every city, the formula for column O is "=IF(F4>B4,'Calculations - delhi'!F4*(1-Decision!$K$27)-B4*(1-Decision!$D$17),0)". Which means when rent is higher than EMI the saving is made 0. Please explain how saving can be 0 in these cases. Essentially, you are paying more rent than EMI, thus savings should become negative. Can you please check the calculations?
Bhaisaaab: forgot a lot of things:. 1. Cost of moving a house when on rent. 2. Cost of peace 3. Cost of rent going up - depends on owner - market need and demand/supply. 4. Paying for parking & Calculation does matter but there are a lot of things - u havent consider. Lumpsump amount pr bhi tax lgtaaa hai when you take that out of SIP. When will you talk abt it???
Bhai u will keep moving like a beggar every year due to whim and fancy of land lord.....life is no pure math ankoor sahab.....have u ever faced imminent evictions ...u know no money saving is worth mental piece of being in same house for 20 years ....collateral damage and stress is the fact most people put money on these depreciating asset
Most finfluencers have nothing to offer if you remove equity from their content. You should definitely buy a home but at the right stage of your life. Some may buy it in their 20s or some in their 30s or even some at their early 40s. Owning a home will bring peace of mind.
In calculations sheet for every city, the formula for column O is "=IF(F4>B4,'Calculations - delhi'!F4*(1-Decision!$K$27)-B4*(1-Decision!$D$17),0)". Which means when rent is higher than EMI the saving is made 0. Please explain how saving can be 0 in these cases. Essentially, you are paying more rent than EMI, thus savings should become negative. Can you please check the calculations?
2bhk flat decent will cost you 25k to 30k in Bangalore, apart from this advance is around 1+ lac. Recently i purchased flat that time circle rate was 3750 and immediately govt increased it to 5150. And now i satisfied with my decision
Real estate is currently in a rampant bull market. To actually compare buying vs renting decision, you need to compare this to 200-2007 scenario, which will actually be a faur comparison.
One thing calculate nahi hue, ghar kharidne ke case me rent nahi dena pad raha h wo nahi calculate kiye.. and agar investment purpose me kharid rhe hn to kya? Long term ke liye rehna to mandatory nahi h na usme ??
Tenants spoil the apartment beyond imagination. Bangalore is an expensive city. To get the apartment back in order, two months security deposit is not enough. Otherwise what kind of security deposit is it? 😊 I am financially independent and get my monthly income through rents. I have experienced this time and again. Rarely, you will find a good considerate tenant.
@@siddharthborker2225 bro if it’s a furnished flat then they can ask for that much money..or deposit like 5 6 months…is it good to take that much money for an empty flats or room?
In calculations sheet for every city, the formula for column O is "=IF(F4>B4,'Calculations - delhi'!F4*(1-Decision!$K$27)-B4*(1-Decision!$D$17),0)". Which means when rent is higher than EMI the saving is made 0. Please explain how saving can be 0 in these cases. Essentially, you are paying more rent than EMI, thus savings should become negative. Can you please check the calculations?
I am thinking will you really get a flat for 50 lakhs in all those cities? Unless you are buying a 1BHK. Even for 2BHK, you need atleast 70-80 lakhs in Bangalore.
bangalore it zone is damm expensive. you can't average with rest of bangalore. 50 lakh house gets 30 k rent in decent family place this alone makes me think buying is better
In calculations sheet for every city, the formula for column O is "=IF(F4>B4,'Calculations - delhi'!F4*(1-Decision!$K$27)-B4*(1-Decision!$D$17),0)". Which means when rent is higher than EMI the saving is made 0. Please explain how saving can be 0 in these cases. Essentially, you are paying more rent than EMI, thus savings should become negative. Can you please check the calculations?
for buying home - You did not include rental income you are saving every month and also you did not consider the zero rental and emi once you comple your loan, this calculation is not correct, you can also preclose the loan which means you do not have to pay that much interest on loan, part payment can be done and once the loan is clear then you get full rental income or free of cost stay which you did not consider
Biggest variable here is interest rate If we are going to be developed country interest rates will be too low so asset prices should shoot up, but catch is it has already shot up to levels of newyork n i dont think they can go any further Worst case US including all countries starts defaulting debt in that case interest rate will shoot up sky high n assets will crash to ground, which is most probable case Hence dont buy About rents can only be jacked up for 6 months if they try too hard its not sustainable Im a land lord n have lot of landlord friends, U dont know how shitty is rental market is My friend in bangalore renting place without increase for 8th year Also willing to rent other properties for same rent as it was 5y earlier, condition being they pay rent every month promptly 😂😂 Even i havent increased rent since 5y to any of our property Mind it, things dont always go up, their is always a ceiling for everything
Pta nahi warikoo ji kya maths laye hain but I live in Gurgaon Sector 67 and I have purchased my flat for 1.25 cr in 2019 and now it’s 2.30 cr already. Inke example mein 20 saal mein double bhi nahi hua property price.
You did not add the benefit of rental income in buying option. When we move to bigger houses, older houses either earn massive rentals or act as down payment. I think, the math is more complex than presented in this. I bought a house in Pune for 29L all inclusive and the rental is now 13k. With this trajectory, the rental income will surpass the emi in 10 years. Also the DP was only 10% so for the 10 years my emi's are discounted at a conservative 15% due to tax benefit.
Your excel needs correction. In Bangalore, every where they take around 9months advance , sometimes 12months. And rent for standard 2bhk is around 25k. I own 2 flats in bangalore, so i know the ground reality.
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Hello sir I really like your videos, and the messages that you give. I really need your help, and want to talk about it.
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Jab hum loan lete hai tab bank Hamare Account Mai Digital Number Dikha deta hai
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Humane baatcheet ki aap hamre sath farzi Ruppaya diya hai
Agar aapne nahi diya hai to aap hume likh kar de diyje tab bank likh dene ko tyaar nahi
Phir baad mai bank notice pe notice bej deta hai jab loan nahi bharte hai
Iske aage manie Devender balhara ki Videos dekhi jinka Channel NIDER INDIA hai
Unhone hame bataya ki 1 Ruppaya 777milligram GOLD ke baraber hai
Phir hame bank ko Likhit paper mai hamne pucha ki hamre paper kay jawab deydo tab bank ka koi jawab na koi notice aata hai naa hee koi phone
Iska matlab saaf hai ki bank Fraud kar raha hai
Devender balhara ji ne 60 caro par 50 se jyada Jamino par experiment kar chuke hai
Agar aapko meri baat mai dum lagta hai
To aap inke channel par jayie kul 10 ya 15 videos mai saari baate samaj aa jaye gi
I think floater interest of bank also needs to be considered which will increase time to time. Also I highly doubt the resale value of flats. Built quality is extremely poor for most of the cases so after 20 years it will be like scrap.
I buy a one jhopda in Mumbai which is cost 20 lakh without any loan and after that I am getting rent 10000 rs per month, because it’s 1+1 this is really not tell anyone only flat flat and I stay on a rent in a flat just paying 10000 extra for 1 bhk, @ankur warikko let me know if you have any query, you have answer on this for investing even if builder comes and they make SRA building cost will be around 30 lakh and rent 15000 which is going currently other building, so my plan for investment and earring go for plot area not for buy flat
Cannot open excel in excel app to edit
Ye aap sab youtubers bolte they ki ghar mat lena covid ke time, ye to bhala ho mere papa ka jo mujhe force kiye ghar lene ke liye. Aaj mera emi is same as rent.
Depends on your city. Mumbai me Rent is 22K but the cost of the flat is 1.75 cr.
@@surajchhatrebut TH-camrs never know the ground reality. They come up with generic sheet which is helpful for none
@@surajchhatrefor 1.75 cr flat in Mumbai, rent is 55000
Honestly the problem nowadays is that if you are sure you are going to live in this house forever or a long time then it makes sense.
Problem yeh hoti hai ki doosre city me agar move karna pade toh ghar bechna bohot badi problem hai, you will never get a good amount for your old house (kyunki har koi naya ghar Lena chalta hai and builders banate bhi jaa rahe hain)
Fir doosri city me rehke rent etc manage karna bhi headache hai.
So never consider buying a house as an investment.
@@shrivastavaparagisn’t it funny. This is how we are increasing the demand for rental houses. Hence rentals are shouting up 😂😂
The biggest motivation (atleast in my case) to buy a house is peace of mind. Land lords behave as 'Lords' sometimes. Even if your contract is valid, they can ask you to move just with one month notice. You never get the feeling of owning a house. In some societies, committee treats you like an out siders and so does your neighbor. Even the watchman do not listen to you just because you are on rent. And on top of it, the hassle of moving ever now and then also to loose friends that you make in one society... Always remember one thing, not buying a home is a decision from brain and buying is obviously from heart.
True tat!
Exactly same ho raha hai hamare sath
Not buying is also from heart because heart is lazy. Buying a house is a big hassle.
But I never face like the outsider in Chennai and Hyderabad in gated society. Infact renting gives advantage of not caring about society meeting and all. But I would suggest to purchase a flat when u have kids not before that 😊 because kids will enjoy all the amenities and your family will be safe and your kids will feel like their father is having his own home. If single and couple then renting is better as u can explore more 😊
@@DeepakKumar-ve9xj but for that too, you will need to plan for atleast a couple of years.
lives in noida just 15min drive to delhi, buying my own flat 13 years back was the best thing i did....today its value is 2.5 x BUT THE EMI i pay is less than the usual rent in noida and my sal is 10X in those years.....
having a home where all family can live and share memories is great investment
i didn't listen to all the influencers who would suggest not to buy house then , and it turned out great
point is one should listen to all the views but do what suits best for you
love that ankur has always stress on buying home
Imagine the amount that would have been now, if you would have invested 13 years ago😂
@@aajaykapoor are bhai 35-50k monthly rent bhi deta mai vo bhi laga lo apne profit calculation mai....
I own my house in an area where I have to spend 6x the money for the same house today....i pay no rent.....i have many great memories in my house
I invest in stocks too and I do pretty well there but I wish financial influencers stop embarrassing people for buying a house....
buying a house is essential ......
what I strongly disagree is...buying another house after already buying one....that's a bad investment
Correct bro, everyone should have one house in which they live, after that stocks is good.@@naruto5437
@@aajaykapoorabe itna lumpsum hota kaha invest karne ko????
today in noida prices are very hiked, almost doubled in last 2 years, I was planning to buy a home which was cost around 50lacks 2 years ago and now it's almost 1.3 cr for same 2bhk, It's just not affordable in Noida for a middle class.
Plot rates are more than 1 cr even for a 70SQM
Ankur sir, I had to shift from my last flat after 1 year as the owner increased rent from 16k to 22k per month.
1 year back I paid society entrance cost of 5k, brokerage of 8k, rent agreement cost of 1500, shifting cost which was around 10k (including transportation, labor and uninstalling and reinstalling appliances) then again some 5-6k to buy stuff for new rented flat.
This I had to repeat again this July.
The cycle is repeated again and again over the course of 20 years, the total cost of renting increases by 30k per year.
Yes very true phr in rental apartment search krna bhi aik alag headache hai
I agree. Sometimes, you have to shift to a new rented house for various reasons. However, each movement can cost at least 50,000 rupees. I have had to change my place three times within the last five years due to my landlord either selling his property or wanting to stay there himself. These are practical pains that come with living in a rented flat.
We can also include following cost
1. Monthly property tax = 2000
2. 2bhk interior = 8 lacs
3. Home warming program = 1 lac
Home warming is not mandatory
2000 property tax yearly bhai
Home warming saste mein kar sakte ho. Invite only close friends and family.
2bhk interior costs a whopping 20 lakhs here in Mumbai
Or skip it, simple. @@lollmaowow2968
Just shifted from one rented flat to another. So sharing my experience. Pls include
1. Brokerage 1month
2. Somedays where you have two flats in rent for shifting.
3. Mental hassle
4. Leaves for shifting n setting up.
Mins says rent .... Heart is like Bhai bas ho gya ab .. thinking to buy😢 now
Right. Abi hum b shift ho Rahe Hai. Mr to Navi Mumbai me rehta hu next to IT Hub .yaha 20 k me Lia abi shifting ka Karcha brokerage I
Shift main jo toot phoot hui wo add nai ki
We installed a solar over previous house in new rental owner don't allow us to install that solar system is just resting at side
3rd maintenance is always on our side owner never do anything its our expense in both cases
Bangalore figures are a bit off. First, 3 month deposit is very rare. Landlords usually start with 10 months, settle on 6-8 months, and very few agree on 3 month. Also, usually in Bengaluru, a majority of landlords illegally charge a huge amount of money (equivalent to 1-2 months of rent) when you vacate the place. This is a very important hidden cost for you as a tenant.
Bangalore house owners are playing games and are demanding ridiculously high rent. I got really pissed off and booked 2 flats for myself. One to stay and one to extract rent from others . As they say , if you can’t beat them , join them ! All in all , it’s a game of demand and supply .
Lol😂
Ab bhai har koi tere jitna paisa wala aur bad dimag thodi na hota hai 😂
@@chetanshukla768 haan bhai Teri baat sahi hai . Lekin jo hai wahi Maine bola.
Paisa ho to itna ho or varna na ho kasam se
Iisliye mere pas nahi hai 🙃
Just and FYI , in Bangalore you need at least 1cr to buy a decent 2 Bhk , rent is 40k
Is the rent really that high? Can you tell me few areas or properties where 1 cr can fetch 40k rent?
Main Punjab mein rehta hu aur mere paas 3 shops hain jo maine rent pr diye hain. Shops 20lakh ki hain aur rent main 6000/month krta hu yani 72000/annum. 72000/20000(1% of my shops price) = 3.6 rental yeild
I live in Bangalore and was thinking of buying a house and this video came just on time..as if you read my mind.. thank you for this informative video sir..
Khareed le bhai. Iske chakkar me bevakoof na ban.
In Bangalore one should definitely buy. My rent is almost equal to the emi. Moreover capital appreciation is insane.
A day in future when your kid will ask
“Papa, aapne khudka ghar kyon nahi kharida”?
@@kedarisgreatwoh khud kharid lega
Ankur, Bangalore is crazy in deposits. On an average they ask for 10 months deposit. Also they would bargain only on deposit and not on rent.
No one tells you that rent increases with demand and ofcourse inflation. If you have a lease agreement, you have to pay lawyer fees and movers and broker as well plus deposit. If the owner decides to sell while your agreement is still on, you have to go through the same process. You lose all the money as you don't have anything under your name.
After staying on rent for 5 years, I feel buying a house is expensive but best option. Where you you go when you become old? For how long to keep on moving. In 5 years I have moved thrice due to owners decision and it added to stress of finding house on rent with same budget and so much cost was incurred. Have a small house but have something you can call your own.
Today I saw the best video which actually explains the exact pros and cons of buying and renting a house practically....
This video is misleading and have missed many points. Talk to a proper financial expert before making that decision. It has many other factors than simple assumptions and is different for married individual with dependants and a bachelor.
Bangalore not worth to live a good life... But those who have a job there are helpless with no option...
What are you talking about everyone thinks Bangalore is the best place in India
It's same as saying Mumbai is too expensive to live. Bangalore is the best place to live if you are an IT professional.
So true, now a lot of people will agree to this considering the recent water crisis.
No I don't agree. Although Bengaluru is expensive, I think it's the best place ever to live in India.
@@Sandeep-mv7tu HAHA ITS JUST 3 WEEKS PROBLEM AND U PPL STILL THINK BANGALORE FACING WATER CRISIS
Thanks for the excel sheet
Pehle yeh batao Delhi, Bangalore, mumbai, pune me kaha mil raha haij flat 50 lac ka. 1 crore se starting hain 😢
Sir you are the master of excel sheet
In calculations sheet for every city, the formula for column O is "=IF(F4>B4,'Calculations - delhi'!F4*(1-Decision!$K$27)-B4*(1-Decision!$D$17),0)". Which means when rent is higher than EMI the saving is made 0.
Please explain how saving can be 0 in these cases. Essentially, you are paying more rent than EMI, thus savings should become negative. Can you please check the calculations?
I guess the advance rent deposit amount for Mumbai and Bengaluru got swapped in this video. No one in Mumbai pays 12-month rent as a deposit. Have heard that happens in Bengaluru though
In 2004 bought house worth 30lakhs. Since 2006 i am giving house for rent fetching me 40k-50k/month. The price of same property now in 2024 is 2.5 cr. Price appreciation + rental yield of 15% approx.
Real estate is king of all investments!
haha this is your luck man or you bought the property in south bombay
Hey, how are you able to get 40k pm for a 30 lakh property? Is the 40k current rent or 2006 rent
@@sunitchatterjee-r7snope in Delhi ncr
@@rahulkopparthi9039 I got allotment of Awas vikas property in 2004. I started giving my house on rent in 2006. 2floor rental income at 20k(10k each for 3bhk) at that time. In 2024 it has now gone to 20-25k per month for each floor which is around 42-46k/month I am getting. Currently I checked the valuation of the property it is around 2.8cr after revision of circle rates which was time of purchase was 30lac around in 2004
What about brokerage? Two months almost every year. In Mumbai broker or land lord don't allow you to stay more than 11 months. Also , every time there is headache of changing house. Packers and movers charges etc.
Society's maintenence monthly charges costs around 3500 to 5500 ...consider that also
Plus annual property tax
You will have to pay the maintenance cost as a tenant. The owner will not pay for you.
I really needed this video Ankur . Thank you so much
Video is flawed if you haven’t noticed.
In calculations sheet for every city, the formula for column O is "=IF(F4>B4,'Calculations - delhi'!F4*(1-Decision!$K$27)-B4*(1-Decision!$D$17),0)". Which means when rent is higher than EMI the saving is made 0.
Please explain how saving can be 0 in these cases. Essentially, you are paying more rent than EMI, thus savings should become negative. Can you please check the calculations?
I agree ..if you are planning to stay in the same city for a long time ,then it is always good decision to buy a home irrespective of the excel calculations..
Agree
Such a wholistic look at the comparison, thank you for this!
In calculations sheet for every city, the formula for column O is "=IF(F4>B4,'Calculations - delhi'!F4*(1-Decision!$K$27)-B4*(1-Decision!$D$17),0)". Which means when rent is higher than EMI the saving is made 0.
Please explain how saving can be 0 in these cases. Essentially, you are paying more rent than EMI, thus savings should become negative. Can you please check the calculations?
If one has money, simply buy the property.
Rental is always always always always always a problem
In calculations sheet for every city, the formula for column O is "=IF(F4>B4,'Calculations - delhi'!F4*(1-Decision!$K$27)-B4*(1-Decision!$D$17),0)". Which means when rent is higher than EMI the saving is made 0.
Please explain how saving can be 0 in these cases. Essentially, you are paying more rent than EMI, thus savings should become negative. Can you please check the calculations?
@Ankur: Bangalore deposit is 10 months minimum which is negotiable.. Mumbai is 2-3 months..
Haan yeh bina research ke hi videos banata hai. Views ke liye galat kucch bhi bolta hai.
Love you brother mind-blowing mind set
I bought an apartment in Bangalore back in 2013 for 72 lakhs, 6 lakhs for interior. Say 80 lakhs total. I closed its EMI in 2020. In 2023, I moved to an independent house, right now I pay an emi of 1.6 lakhs INR per month. I get Rs 60,000 rent from my previous apartment. Do you think I should continue renting out that apartment or sell it off for 1.30cr?
Bombay doesn't have 12 Months' deposit norm at all. Bangalore has the highest deposit requirement which is typically 6 months
3 to 6 months hai Navi Mumbai me
Good to have this excel sheet. The only part which needs some calibration is overall assumption.
- as per video, hope everyone will be living above 30 yrs, so it is wise to buy. If someone stay for short time, it’s common sense that people will not buy house as daily provisions.
- In more than 4 decades, I haven’t witnessed any house only increasing by 50% in 20 yrs. increase from 50lakh to 72 lakhs in 20 yrs.
- the avg repayment time of 80% home loan borrowers is around 8-10 yrs in last 3 decades. I don’t see any different in future as well.
- How many years it will take for the person in 20% tax bracket to accumulate 50lakhs which is assumed.
There are many things, which can be explained on how people look at it, as
In calculations sheet for every city, the formula for column O is "=IF(F4>B4,'Calculations - delhi'!F4*(1-Decision!$K$27)-B4*(1-Decision!$D$17),0)". Which means when rent is higher than EMI the saving is made 0.
Please explain how saving can be 0 in these cases. Essentially, you are paying more rent than EMI, thus savings should become negative. Can you please check the calculations?
@Ankur Sir if you can please share the Excel sheet in the description so we too can calculate and come to a decision ourselves
Your guidance has been extremely helpful so far..
Video is flawed brother
I think I get the idea.
I will employ a simple math.
If the rent for a 2BHK house is >30% of the EMI for a 2BHK house (in a non-flood prone region, never buying a house in these places who have to face the water in road issue every year, mental instability as good as paying rent), then I will go for buying a house.
Things are much different at ground level. Rentals are increasing at 10%-15% every year, or even more.
RoI of 8% for Bank loan is nowhere near reality. At best CIBIL SCORE YOU GET RATE OF 8.5-8.6%.
Assumption if home loan is 50 lacs. A decent home is not available for anything less than 1 cr.
Plenty of wild assumptions there in the video.
Bengaluru its ten months advance, in most localities of city
It's high time IT firms should start moving out of Bangalore. Everything here is costlier compared to other cities barring Mumbai. And in return you get no facilities: bad roads, bad traffic, no public infra, water shortages, power outages, high road tax, tax for using flyovers list is long. I have nothing against local people and the city but life here is difficult! City is very beautiful with rich heritage and amazing climate but sadly corruption, unplanned development, lack of vision is destroying this city. No light at the end of the tunnel for Bangalore...
i agree..IT should target tier 2 cities
please move out of Bangalore
Lol. 😂. It will never happen. Bengaluru has a lot of land, unlike Mumbai and it will just keep on increasing. It has great investment opportunities and a great startup culture. It has great weather, low crime rate, helpful people and is a true metropolis with people from all over India. The metro constructions are happening at a tremendous speed as well and once the infrastructure develops in the next 10 years, it will be the leading city of India by miles.
PS: I have stayed in almost all the tier 1 metros of India and I would say Bengaluru is the best out of them all.
@@temp1851 Answer lies within your comment itself. Even after a massive headstart city has still to catch up on infra in 10 years. My friend other cities are catching up way faster than you think. Bangalore is also one of the worst planned cities in India and you cannot fix it even in a decade as politician are busy making people fight on North vs South. Also, there are states with lower crimes rates which have fast developing cities. With all the language and 'go back' attitude people are having only shows their ill placed egos. Whether you like it or not talent will be redistributed among other cities and that's a good thing for India as a whole.
@@akhiltrivedi3051 nope it's not possible. I will tell you the problems:
1. Delhi-gurgaon: way to much population and higher crime rate. People are NOT polite. For a mild person like me, this place doesn't have the cool vibes. Hauz khas is the only place I liked.
2. Mumbai: way high rent and no way to get more land without reclaiming from sea. Also good for finance background.
3. Pune: still way too behind bangalore but is a good candidate for the next big city. It's infrastructure is way behind bangalore though.
4. Hyderabad: atm, second best city after bangalore. Decent weather, rent cost are not that high and is cosmopolitan as well. Only thing I didn't like is the politics brewing in the old hyderabad which sometimes come to cyberabad. I mean i would not be comfortable in a palce ruled by people like akbaruddin.
5. Ahmedabad: hardly cosmopolitan. No booze and non veg, meaning you would see much less diversity here even in times to come.
6. Kolkata: no comments
7. Chennai: bad weather, unfriendly people for outsiders, not at all cosmopolitan. Good for medical facilities though.
If you look at this, you will find only hyderabad, pune and Mumbai has a decent cosmopolitan culture and even these places have their language and regional issues. Compare this to bangalore where the language politics hardly touches the IT hubs. Also, kannada are chilled out and I don't mind learning a language whose speakers are chilled out. My daughter will anyways learn the language at school. Bangalore also have the fastest growing unicorns, decent housing societies, has a good medical facilities and obviously great weather. Lastly, it's wrong to assume that infrastructure development in bangalore is slow. Basically, infrastructure couldn't develop at the same pace as how this city grew. But its happening at a tremendous speed now and I am pretty sure it will improve in the next 10 years.
@warikoo
Could you explain what the 'Analysis period' is from the excel sheet you showed?
the rental returns should be calculated on IRR/XIRR basis as rents paid-out monthly.
That’s a good point
Hyderabad has a median rental yield of around 4-5%. For that rate, even your Excel sheet says 'Buy' ;)
In Bangalore, people pay 8-10 months' advance house rent. I'm stating this because last year only, I was out in the market for renting, and I gave 8 months' advance to my landlord.
In Bangalore they ask for ten months of deposit not three months. You can negotiate at most to six months.
Amazing Video Ankur.
I was expecting you to talk about pre-payment of EMI...which would have changed the game
Samjha nahi but sunke accha laga🎉
Sir there are a few assumptions which I felt was missing , I’ll only state the major one :-
The property appreciation (inflation adjusted) you’ve assumed is 8 % .
So real appreciation becomes :- 8+6 = 14 %
I think this is impractical , if you consider stock increase of just 10 %.
If you increase the stock increase to 14 % , the decision lean towards renting a house
In calculations sheet for every city, the formula for column O is "=IF(F4>B4,'Calculations - delhi'!F4*(1-Decision!$K$27)-B4*(1-Decision!$D$17),0)". Which means when rent is higher than EMI the saving is made 0.
Please explain how saving can be 0 in these cases. Essentially, you are paying more rent than EMI, thus savings should become negative. Can you please check the calculations?
rent agreement cost, shifting charges, broker charges, efforts in moving every 11 months
not considered
Respect for warikoo sir 👍👍👍👍
In calculations sheet for every city, the formula for column O is "=IF(F4>B4,'Calculations - delhi'!F4*(1-Decision!$K$27)-B4*(1-Decision!$D$17),0)". Which means when rent is higher than EMI the saving is made 0.
Please explain how saving can be 0 in these cases. Essentially, you are paying more rent than EMI, thus savings should become negative. Can you please check the calculations?
It is all due to the bad transport system of Bangalore/Mumbai. In gurgaon also near any ciber city rent is very very High. But due to the good transport system of NCR people choose to stay away from prime locations. So for delhi NCR one should choose to rent and stay away from prime locations.
True rent in DLF PHASE 1 DLF PHASE 2 is crazy man..and buying a property over there is like a dream in gurgaon
@@Rowdy_don789 then why to stay in DLF PHASE 1,2. This is my point due to good transport and infrastructure people choose to stay away. Sohana road p flat le lo sasta mil jyega. Dwarka road p le lo.
Not a good analysis for Bangalore. In Bangalore in my society 1bhk rent 35k including maintenance.
Too much 😮
Too much yaar
@warikoo Sir, request you to talk about leasing the house vs renting the house
Forgot about Mumbai, i stay in sub-urbs.. Flats rates here in 20 year become double.. I took flat in 27lakh in 2015 in that area flat prices were 3-4 lakh in 1997 and i am sure aftrr 20 yrs price will be double because aj yaha jo flat leta he usko same building me same area costing 35 lakh so more than 20℅ rise in 8 yr only
Ghar (flat) as a investment consider karke bhi video banaiye please. Like agar khaid Kar rent par laga liya (flat possession after 5-6 years considering). Please is par bhi prakash daliye. ☀️ 💰 ❤
@warikoo Total cost of buying the house calculation seems to be incorrect. As per your formula, total cost = maintenance + interest + "cost of property". instead of "cost of property", isn't it supposed to be upfront cost?
You don’t get flats for rent in gated communities in Bangalore for 15 k , 2 bhk rent starts from 25 k and goes up to 55 , 3 bhk starts from 35 and goes till 1 lakh or more as per the size of the flat ! This is applicable for good locations which are near Tech Parks e.g ECity, Whitefield , HSR and Yalankah !
It is all due to the bad transport system of Bangalore. Do u know that in gurgaon also near any ciber city rent is very very High. But due to the good transport system of NCR people choose to stay away from prime locations.
Bengaluru landlords are now lords of India. Sudden increase of rents and almost 50 - 60% rental hike. Too much !!
Buying house in good cities means
In that good coties in future price will rise , economy will flow , market will run , city status will rise ,
Sure you will get benefits in 20years through renting
In that 20th year if tou wanna buy house it will be difficulty cuz inflation will rise and citi will prosper and real state will boom in that area ,
So for me buying house is good cuz ou you can live after 20 years also
,
What is the reason of rent house when after 20 or 50 years you cant to buy house ,
In future all 80%population will live in 20% area then hluse owner will charge extra amount and higher increment at each year , which hard to pay and give you stress ,
So.its better tl buy land or house and pay emi for 20 pr 25 years so you can live another 50 or 100 year in that house when you go old weak legs , without any stress
in hyderabad im paying 12000 for 1bhk flat and 5k for one separate room for studio setup
Peoblem with such analyis is that they keep on adjusting rental yeild based on current price of thr house but in reality my purchase pruce remains fixed and rent keeps on increasing. If i buy a house for 1cr then my yeild needs to be calculated based on 1cr. Doesnt mstter if price is 4cr after 10 years
In calculations sheet for every city, the formula for column O is "=IF(F4>B4,'Calculations - delhi'!F4*(1-Decision!$K$27)-B4*(1-Decision!$D$17),0)". Which means when rent is higher than EMI the saving is made 0.
Please explain how saving can be 0 in these cases. Essentially, you are paying more rent than EMI, thus savings should become negative. Can you please check the calculations?
sir it's a humble request please make a video on asset allocation, how we can manage investment through asset allocation and maximize our return. Please teach us in asset allocation
isn't the "Tax Rebate (simple assumption)" largely flawed? Maximum rebate you can save on interest amount is 2 lakh / year under section 24B. So your
effective EMI = ActualEMI - Min(16666, ActualEMI) * tax slab rate
hi ankur warikoo sir, love for videos, can you please do one video on the latest p2p apps/websites claiming 12-18% return PA. Please can you also explain how they work, are they safe and trustworthy??
Please make a video or at least reply. Love your videos where you explain via excel sheet.
Buy a land outside city in a distance of 1.5 hrs for 40L
Build a duplex semi luxury house for 50L
Since most companies offer 3 days wfh this is possible.
When u have enough money build one more floor rent it out with airbnb .
2bhk flats for 1cr plus not worth it for a family
What is the point of considering 10, 20, or 30 years? Does it mean that if a person predicts only 20 years of life left, they should rent, and if they expect 30 more years, they should buy?
You have assumed that difference between EMI and rent will remain the same as of first year and one can invest the difference @10%. Whereas rent will keep increasing and EMI will remain same. Eventually rent will be more than EMI
brother bank also charge floating rate of interest rate if you keep your emi same then bank increase your loan tenure and
We considered HRA in case of renting. We should also consider the tax rebate on principal payment of home loan. In case both the couples are earning both will get hmgood amount of tax rebates. And this will change the instances
Excel doesn't work everywhere. If you say in pune for limited area can work but if you in Bangalore possible hi nahi 15k per month ek 2 bhk flat in society
In calculations sheet for every city, the formula for column O is "=IF(F4>B4,'Calculations - delhi'!F4*(1-Decision!$K$27)-B4*(1-Decision!$D$17),0)". Which means when rent is higher than EMI the saving is made 0.
Please explain how saving can be 0 in these cases. Essentially, you are paying more rent than EMI, thus savings should become negative. Can you please check the calculations?
Mr Ankur
Please make a video on your real estate investments.
Sir, we haven't considered rent appreciation over the 20 years, hope u will reply.
Bhaisaaab: forgot a lot of things:.
1. Cost of moving a house when on rent.
2. Cost of peace
3. Cost of rent going up - depends on owner - market need and demand/supply.
4. Paying for parking
&
Calculation does matter but there are a lot of things - u havent consider.
Lumpsump amount pr bhi tax lgtaaa hai when you take that out of SIP. When will you talk abt it???
Bhai u will keep moving like a beggar every year due to whim and fancy of land lord.....life is no pure math ankoor sahab.....have u ever faced imminent evictions ...u know no money saving is worth mental piece of being in same house for 20 years ....collateral damage and stress is the fact most people put money on these depreciating asset
Very Well Written Bhai
Yes
Yes
"life is no pure math" that hit me hard, going to purchase a small but my own house.
Most finfluencers have nothing to offer if you remove equity from their content. You should definitely buy a home but at the right stage of your life. Some may buy it in their 20s or some in their 30s or even some at their early 40s. Owning a home will bring peace of mind.
Good calculations, but can we have similar insights for your two cities like Jalandhar, Indore, Dehradun etc...
In calculations sheet for every city, the formula for column O is "=IF(F4>B4,'Calculations - delhi'!F4*(1-Decision!$K$27)-B4*(1-Decision!$D$17),0)". Which means when rent is higher than EMI the saving is made 0.
Please explain how saving can be 0 in these cases. Essentially, you are paying more rent than EMI, thus savings should become negative. Can you please check the calculations?
Buying is always only one option,instead of renting use tht amount as EMI so that in future u will hve ur own property.
@ankur why have you not considered rent in buying house decision? I am earning a rent also when I buy a house and rent it out
2bhk flat decent will cost you 25k to 30k in Bangalore, apart from this advance is around 1+ lac. Recently i purchased flat that time circle rate was 3750 and immediately govt increased it to 5150. And now i satisfied with my decision
Real estate is currently in a rampant bull market. To actually compare buying vs renting decision, you need to compare this to 200-2007 scenario, which will actually be a faur comparison.
One thing calculate nahi hue, ghar kharidne ke case me rent nahi dena pad raha h wo nahi calculate kiye.. and agar investment purpose me kharid rhe hn to kya? Long term ke liye rehna to mandatory nahi h na usme ??
Atleast one home should be there be it 1 bhk but should be owned for family security and mental peace.
Finance influencers bought many houses by making viral videos on why you should stay on rent and not buy a house😅.
Banglore me to 2 lakh bhi mang lete he deposit 🤣🤣
6 m advance rent
Haha...sahi kaha bhai 😂
Tenants spoil the apartment beyond imagination. Bangalore is an expensive city. To get the apartment back in order, two months security deposit is not enough. Otherwise what kind of security deposit is it? 😊
I am financially independent and get my monthly income through rents. I have experienced this time and again. Rarely, you will find a good considerate tenant.
@@siddharthborker2225 but even if tenent returns in good conditions, owners still deduct 1 or 2 months pay which is not fair
@@siddharthborker2225 bro if it’s a furnished flat then they can ask for that much money..or deposit like 5 6 months…is it good to take that much money for an empty flats or room?
Was the tax benefit of buying a house considered in this calculation?
2:16 - advance in bangalore is not of 3 months. Instead its of 10 months straight. It's insane....
Excellent video 👏
In calculations sheet for every city, the formula for column O is "=IF(F4>B4,'Calculations - delhi'!F4*(1-Decision!$K$27)-B4*(1-Decision!$D$17),0)". Which means when rent is higher than EMI the saving is made 0.
Please explain how saving can be 0 in these cases. Essentially, you are paying more rent than EMI, thus savings should become negative. Can you please check the calculations?
I am thinking will you really get a flat for 50 lakhs in all those cities? Unless you are buying a 1BHK. Even for 2BHK, you need atleast 70-80 lakhs in Bangalore.
RAMIT SHETTY OF INDIA
This is a read only Excel, and i can't make changes in this. Can someone pls help me what to do?
bangalore it zone is damm expensive. you can't average with rest of bangalore.
50 lakh house gets 30 k rent in decent family place
this alone makes me think buying is better
exactly
Oh I am staying in mumbai in 75 lakhs flat. The rent is rs 16000pm
I stay in Bengaluru man, advance payment is not 3 months, it's 10 months! Where are you getting your data from?
Nice detailed video on so much parameters. 🙏
In calculations sheet for every city, the formula for column O is "=IF(F4>B4,'Calculations - delhi'!F4*(1-Decision!$K$27)-B4*(1-Decision!$D$17),0)". Which means when rent is higher than EMI the saving is made 0.
Please explain how saving can be 0 in these cases. Essentially, you are paying more rent than EMI, thus savings should become negative. Can you please check the calculations?
for buying home - You did not include rental income you are saving every month and also you did not consider the zero rental and emi once you comple your loan, this calculation is not correct, you can also preclose the loan which means you do not have to pay that much interest on loan, part payment can be done and once the loan is clear then you get full rental income or free of cost stay which you did not consider
Biggest variable here is interest rate
If we are going to be developed country interest rates will be too low so asset prices should shoot up, but catch is it has already shot up to levels of newyork n i dont think they can go any further
Worst case US including all countries starts defaulting debt in that case interest rate will shoot up sky high n assets will crash to ground, which is most probable case
Hence dont buy
About rents can only be jacked up for 6 months if they try too hard its not sustainable
Im a land lord n have lot of landlord friends,
U dont know how shitty is rental market is
My friend in bangalore renting place without increase for 8th year
Also willing to rent other properties for same rent as it was 5y earlier, condition being they pay rent every month promptly 😂😂
Even i havent increased rent since 5y to any of our property
Mind it, things dont always go up, their is always a ceiling for everything
What about the case when you intend to live for only 10 years and want to rent the property out later when you move to a different city?
Pta nahi warikoo ji kya maths laye hain but I live in Gurgaon Sector 67 and I have purchased my flat for 1.25 cr in 2019 and now it’s 2.30 cr already.
Inke example mein 20 saal mein double bhi nahi hua property price.
On buying Property tax is also to be paid bi annually
You did not add the benefit of rental income in buying option. When we move to bigger houses, older houses either earn massive rentals or act as down payment. I think, the math is more complex than presented in this. I bought a house in Pune for 29L all inclusive and the rental is now 13k. With this trajectory, the rental income will surpass the emi in 10 years. Also the DP was only 10% so for the 10 years my emi's are discounted at a conservative 15% due to tax benefit.
Love you sir 💗
Rent in Bangalore is insane!! The city is becoming unbearable to live
Your excel needs correction. In Bangalore, every where they take around 9months advance , sometimes 12months. And rent for standard 2bhk is around 25k.
I own 2 flats in bangalore, so i know the ground reality.