1 - NEVER buy a flat for EARNING RENTAL INCOME | Bad Home Loan | Naredco Homethon Property Expo 2023
ISSUED IN PUBLIC INTEREST BY
KRISHNARAJ RAO
9821588114 and 8169471229
krish.kkphoto@gmail.com
Twitter @BravePedestrian
Mumbai
#realestate #rentalproperty #propertyinvestment #property #flat #regularincome #Naredco #Homethon #PropertyExpo2023 #rentals #HomethonExpo2023
Пікірлер: 271
Amusing how Krishnaraj Sir took the best case scenario (which is never so) and yet concluded it is not worth it. Now imagine the taking the worst case scenario. I would rather be a homeless beggar than go through that hell.
Real Estate in India is very profitable if you are a goonda backed by a lawyer. For others it is best to work hard and leave the country for greener pastures where the police is professional and justice is not delayed forever.
@macdeep8523
Жыл бұрын
Agreed
@BING9957
10 ай бұрын
Bro police can be corrupt in developed countries as well
@fanaticcoder3320
8 ай бұрын
@@BING9957 Off course, but its exception not the norm. Corrupt officers do get dismissed + jail in developed nations. In Vishaguru they are just transferred.
@abhishekkumar-bt6tu
3 ай бұрын
@@fanaticcoder3320In vishwaguru there is lack of media and plenty of Andhbhakts who thinks prime minister is avatar
@shakebahmad3158
3 ай бұрын
This is called poor illiterare democracy..caste creed religion decides vote vank.....i hope one day people of india become Good gentle professional type people@@abhishekkumar-bt6tu
Real estate has taught me that if you don’t take risk… You’re paying rent to someone who did…
@Kahaniyaa374
3 ай бұрын
Thanks
I agree partially, if you buy society flat or builder floor then don't rent out , buy for self stay . However if you are buying plot and doing construction yourself , then rent out floorwise to seperate tenants on each floor because here you can exercise greater control over the property. You need a constant caretaker of property and need to ensure timely renewal of lease and need to get new tenants well before the old tenant leaves . See in that case , rental yield increases over time , after 15 to 20 years , your property will (or should) become free from EMI and the overall rental yield will increase 2.5 times or 3 times of what you were getting initially when you first started renting the premises . So real solid income starts after property is EMI free and all this while there is capital appreciation. If you actually calculate capital appreciation rate plus tax saving plus rental yield in 15 to 20 years , your overall property income and value will reach your initial overall investment in the very least .
@WalterWhite-og6wj
6 ай бұрын
That's a false assumption. That's why most folks fall for it. We have our own property where we stay in ground floor and 1st floor is given for rent. In initial years, rent increases annually. But after few years rent stagnates as property also gets old. Now if you want to increase rent, then you have to redo the interiors and repaint it after every couple of years. Trust me there are lot of factors that people don't consider.
@abhishekkumar-bt6tu
3 ай бұрын
That’s a different case he is talking about apartment only no plot.
@chetanshukla768
Ай бұрын
@@WalterWhite-og6wjPlus I think it becomes too tedious and cumbersome for the owners after a while to maintain the flat and stop worrying about the dubious intentions of the tenants etc. I am pretty sure in the long run, in the majority of cases, property investment or rental income does not beat mf returns. I have witnessed the pathetic condition of my relatives when the builder postponed the possession of their flat indefinitely and for another the tenant refused to vacate the house.
Completely bogus analysis ! The appreciation value of property has not been considered. The rental is purely for maintenance of the flat. The property appreciation is the real gain. Further, he takes extraordinary situations of suicide, drugs etc to prove his point, which is an extreme situation.
@akhilmittalji6816
2 ай бұрын
Also no discussion of leverage when buying a flat via home loan
@KAlpha09
2 ай бұрын
I was expecting you to back your statement with numbers. Flats, if they ever appreciate, it's often less than keeping same money in savings account at 4%.
@parthahor
2 ай бұрын
@@KAlpha09 u have no idea!
@chetanshukla768
Ай бұрын
In Delhi NCR, kabza on a rental property is a common norm. The level of anxiety and legal procedures (along with time and a significant amount of expenditure) it brings to the owner is beyond any price appreciation or capital gains. It is so common that you stumble upon a random person here and he will have a similar story to share.
I had same thoughts. But ppl usually buy apartments because 'some' friend did so and wife thinks you should do it too.
@TheChromelover
3 ай бұрын
If you analyse people’s problems closely, usually the wife has a hand in it.
I don't agree with him he has not taken in to account 1st the initial rent would be less as compared to price but as the time passes the rental will increase, the value of house will increase 2nd for example I bought in 1984 2 BHK @ 145000 today it's 175 lacs, initial rent 5000 now rent 30000 3rd I bought in 1992 @ 235000 initial rent 1500 now 18000 and sale value 45-50 lacs 4th I bought Shop in 2002 @ 16 lacs initial rent 7000 now 50-60000 market value 175 lacs. So inshort capital appreciation and rent appreciation is not taken in to account. Yes if you want to buy outside Mumbai then the best investment is land in cities like Nashik, Aurangabad, Nagpur, Pune, Sangli, Satara etc.
@RiseUp_Again
3 ай бұрын
Ya He missed on Rental Appreciation and Property Value Appreciation on Long Term Basis.
@yamanjain
2 ай бұрын
Hence pressing the dislike button. What a waste video
@debajyotinath5021
Ай бұрын
He did not go into details and complexities and he mentioned that. He just gave an overview of the situation with pros and cons, Such detailed analysis will require an excel sheet. By the way, that is also available on KZread if you look around.
@puneetkatiyar913
Ай бұрын
मौर्य जी You are right
Apart from getting mental satisfaction of being a house owner, buying flat on emi is really risky. 1 thing Krishnaraj sir did not touch is municipal taxes n society charges - they are reccuring and very high. One has to pay emi n also bear burden of taxes, etc! As sir pointed out, apart only from "land", all other asset's are depreciating- One must consider with all care and attention, the pros n cons of buying house.
@fortalk6032
11 ай бұрын
Forever ever-increasing rent paying is no solution either. Rather one should pay limited time EMI and own a house / flat / apartment where he lives.
@sandeshbhandare7238
6 ай бұрын
Even land is depreciating.
@mandeepsingh-kj6nz
6 ай бұрын
@@sandeshbhandare7238how??
But sir 50lacs after 18years may be worth of 12lacs , should not we need to increase fd amount such that it beats inflation?
Sir 50 lacs at 5% yields only 2,50,000 so technically 20k per month।. Secondly there is appreciation of value, check prices of property in delhi Mumbai 18 years ago.
@tusharmhatre4360
Жыл бұрын
Yes with due respect to sir, i really appreciate his knowledge and experience that's why I watched his videos but sir missed price hike in rent which would increased by 7- 8 % per annum so that initial 50k rent would have gone to 1lacs in 9 years and upto 2 lacs rent per month in 18 years.
@pankaj8745
Жыл бұрын
Bacho ki tarah baatien kr k jo mann m aayi without logic one sided , he proved his point
@macdeep8523
Жыл бұрын
2000 ( 15 lakh flat in Wadala ) now cost 1.25 cr ... Max .. but that boom cycle has gone now . 1.15 cr flat will not become 5 cr in next 18 years ...
@vinodaggarwal5168
Жыл бұрын
This is the most absurd advisor i have come acorss. Total non-Sense he speaks. The rentals double every 5 to 6 years whereas the EMI does not double. It reduces. As the person who bought the house is well off his income will also increase. He will foreclsoe the loan in 7 to 8 years. and then he will earn the rental income. plus property appreciation
@priyamd4759
Жыл бұрын
@@macdeep8523 At 9% inflation 15L flat will be 1.08 Cr in 23 years. So even with boom cycle there is very little real appreciation. You are right that the boom cycle is gone so no point purchasing now for rental income. Thanks for the data points.
My father bought a 1RK 200 sqft in MHADA in 1980 at Rs. 14k, now he earns 15k rent per month after 43 years, but building is going for redevelopment soon. However we must not forget the purchasing power of money in respective time period. House property rental yeild is just 1% for initial 10years (deduction of taxes, maintenance society, upkeep etc) is my experience from 2013, where as interest amount levied is just double the amount of loan in 20year tenure. So after 2043, will I get 1Cr rent per month for my flat which was costed me 1Cr in 2013? Absolutely not.
2 of my friends who bought flats for investment in Bombay / Delhi are struggling to sell off. They bought in 2014/2015. They can’t even sell at same price because no buyers. Plus tenant issues. Lol. One of them is in London. His tenant stopped rent in 2020 due to job loss at the beginning of Covid. Unimaginably stressful situation.
@samhard8821
Жыл бұрын
Whr is the flat let me know i will sell
@rupinderpaul
Жыл бұрын
I would like to know more on the property in question. Do let me know if we can connect.
@macdeep8523
Жыл бұрын
If it is 2000 instead of 2014 , your friend would have been in different eltie zone .. they missed cycle by 10/12 years .... Also location matters
@VishalJangid1
10 ай бұрын
@@macdeep8523how to spot the cycle
Just like stocks are two types growth stocks and income stocks properties are also two types. For growth properties you need reliable contacts who can give insider information on 10 year development in the area. Bigshots have this info and they accumulate huge wealth buying multiple properties like this. Imcome properties are in already developed areas where the rentals are high but it is very difficult to find a good resale in these areas.
People who are good at it - are making good cash flow with rental yields. But you have to be that sort of person who is a hustler with good political contacts in the area and live close by. For straightforward people living far away and no contacts in the area - it is a nightmare.
@TheSandsplash
Жыл бұрын
You are spot on, the local people in power has much in control for these things if you are not native or living far away
@TheChromelover
3 ай бұрын
Exactly my thoughts
@apurvakumarsrivastav9765
Ай бұрын
@@TheSandsplash this can be true for land but not for flats in gated society in good area .Flats in good area will give you good rent and will appreciate in future even if the flat gets old in re development you will get benefits
A real eye opener video Krish sir you are simpy awesome Please keep keep posting such videos
Only people who should do this are people who have net worth above 5-7 Cr
This is so informative sir. I’m currently in rental and wanted to buy an apartment for my parents and seeing all these non-biased videos have made me clear on my decision
one sided argument 1) Not considering capital appreciation of property 2) Rental income also increases 3) In intrest income, fd amount remains fixed and doesn't appreciate over time. Only the intrerest received Your analysis is flawed
@sameerv6201
2 ай бұрын
Kitne paise latak Gaye 😂
@harrish6298
Ай бұрын
real state se achha kuchh nhi
Very good points. Thanks, There is also the point of liquidity.
Krish ji, you are always clear on your views and thoughts. Sometimes you give extreme examples related to property which may look harsh and rare examples but it is reality of life. I like the way you end your sessions, Jai Hind, Jai Maharashtra 🎉
You have pointed out the worst case scenario and missed the most obvious positive point - in 18 years a flat you buy for 1 crore would have appreciated to 4 crore in Mumbai. This is a too one-sided assessment.
@geekygambler2191
5 ай бұрын
Exactly ... He forgot to take into account, the appreciation of the flat itself ...
What about appreciation of rents over the years?
Sir it depends on flat to flat.. Wese rates in delhi have jncreased in only in long term
Hello sir please answer me question, you didn't take parameters in account - rental appreciation every year - property appreciation every year - reducing rate of interest
capital appreciation ?
I don't know your intention but you so real i have never seen such person in this space
Sir, can you please make a video on how to invest in commercial property? Pros and Cons.. thanks
So you are saying to buy a house or flat just for me & my family to stay in it but don't give it for rent......is that it???
Why do you want to recover from house in the first place?
Sir what is reality of Chandak greenairy boriwali east please guide
Krishnaji....rental apartment is a very good retirement plan, especially in B-tier, suburban India. Both property owner (*if not greedy) and long-term punctual tenants benefit from it. But rental laws are bad in many indian cities.
@macdeep8523
Жыл бұрын
Rental income is good in pockets , time of your purchase and demand in locality based on migration from surrounding villages
Good analysis. Thanks.
jo rate bar gaya 18 saal me flat ka uska kya
🙏आदरणीय आप जी ने बहुत ही सहज तरीके से विषय को समझाने का प्रयास किया है उसके लिए 🌹साधुवाद🌹 lआपने अनेक बैंकों में अपने पैसे को रखने के लिए सलाह दी है ,परंतु हकीकत यह है कि बैंकिंग भी आज आम आदमी के लिए सरदर्द बन चुकी है, नहीं क्या⁉️🙏 हकीकत यह है कि एक वर्ग विशेष बैंकों से नफरत करने लग गया है और करनी भी चाहिए अपने ही पैसे के लिए यह जो केवाईसी और भागदौड़ करवाते हैं वह आदमी को हैरान और☹️ परेशान करके रख देती है 🤔⁉️🙏
@krishnaraj rao, Sir, I want to talk to you. Need ur guidance and help on a RERA matter
Best guardian for those people who are investing money in property
Sir, after 18 years rental will not be only 50k only
Capital appreciation argument is nonsense. Real Estate is the most illiquid asset. And trying to sell an old apartment with uncertain redevelopment plan is total nuts.
Good advise ! aside the urban nexal melodrama, I am too old to be a Marxist leftie 😅had read marx in my 20s and thought was a joke . You are doing really good job making people aware about the shortcomings of flat ownership .👌👌
Goa mein Rental kaisa hai?
Agreed 100% just went through this night mare my tenant did a scam and ran away and all his creditors sealed shop it was a horrible time
Rent has to be considered as incremental ordered as rent will be not same dor 18 years
Right sir 100% 👍👍. Peoples dont have or poor investment knowledge.
bakwaas, rent or makan ka price 18 saal baad kitna badh hata hai jara check kar lo apne Ghar ka
@P_Apegaon
Жыл бұрын
Please calculate CAGR return. You will get answer. He is absolutely right.
@GOBINDKUMAR-uj3jx
4 ай бұрын
Check unko nhi aapko krne ki jrurt hai 😅
You have touched all possible extereme negative points. may be add... earthquake as well
Sir Id like your opinion on a matter, ill be happy to pay for the advice as well. What's the best way to reach you orher than email?
@KrishnarajRaoUrbanNaxal
8 ай бұрын
Call me on 9821588114 and 8169471229 between 6 and 8 pm, or after 10 pm
I fully agree sir thanks for the right true information thanks 🙏🙏
Thanks sir
Vert true and nice information
Sir... Ekdam sahi bole.... Only 1.8 % max returns vs FD 7 %... So roughly 300 % more yield in FD than in rental... Aur ek danger reason.... Prostitutuon.😮
Income tax exemption benefit is a carrot🥕 shown by government to run banks, economy at the expense of flat buyers. And who benefits from realestate business, it's ultimately politicians.
You are assuming rent will remain the same for 18 years?
Very right. Due to this misunderstanding housing has reached hyperinflationary levels. There are better and safe investment opportunities but it require expertise to counter negative returns of FDs after considering tax and inflation. Indexation benefit is mandatory and must be made applicable to FDs to counter inflation with lower tax rate. Why should people who invest in fixed income instruments suffer from negative returns due to high taxation and inflation. One should buy a house only for self occupation and not as investment. It is a basic necessity as it provides shelter. Govt should cap house prices. The prices have crossed affordability index. Every tom dick and harry wants to be a builder these days and the houses constructed does no have cross ventilation and one who resides in them has to depend on air conditioners and pay heavy electricity bills and spoil environment. It is really painful to see all this happening. It is not development in its true sense. It is a middle class trap.
@skvideos-for-all
2 ай бұрын
Exactly bro. I commented the same thing in comment box
Flat in a big city, reputed builder, with good construction quality will appreciate. My own flat in mumbai 500 sq ft was bought in 1970 for rs 8000. It is on the verge of re development and earning a monthly rent of 25000 . Also another flat belonging to my uncle bought in 1960s after re development earns a rent of Rs 70000/- serving as retirement income. Is this kind of appreciation possible for F. D. You cannot generalize that flats are not good investment. Location, infrastructure is the game changer.
@fortalk6032
11 ай бұрын
Boss, can you come out of your past and talk in terms of current rates
@mustanggt5713
10 ай бұрын
@@fortalk6032He’s right , boss. In Bangalore , if you buy an apartment from a grade A builder in a decent location with good public transport connectivity, you will easily get tenants willing to pay a high rent and the property will appreciate year after year as well . Especially in Bangalore , there are so many projects coming up , the real estate market will continue to boom for the next 5 years atleast ..
@rabindrapatra7151
7 ай бұрын
Sir, I am sure the rent is higher after 2005. can you let me know what the rent was at 1980, 1990, 2000, 2010, 2020. Also, in 1970 how did you earn 8000 assuming you were between 10 to 20 years old. How many years did you wait to get huge rental income. If house is from previous generation, then it is better not to discuss more. 1970 and 2023 is 53 years difference.
@AavegSheth
6 ай бұрын
Absolutely True
@decembertide
2 ай бұрын
You answered your own question, If in 1970, you bought a flat at 8000, and are earning 25k rent now. Do you think 50 years from now, someone who buys a flat at 80 lakhs today, will receive 2.5 crores monthly rent in 2074 based on your personal appreciation value? The reason for the incredible appreciation of current land value is simple - there was plenty of land after independence with mainly agriculture and industrial growth in that era. Today, with globalization, digitalization, and technological influence, international markets have diverged together to massively appreciate the land value for people that invested in those times. There has been a surge in employment rates from those times to now, people have moved to taking up apartments instead of living in joint families, more women employment in the current era compared to then. All of this contribute directly to demand for housing and expansion of industries. Hence, the price surge in land value. Now we have an economic stagnation in most cities save for Mumbai. But even in Mumbai, you'll never see the land appreciate like it did from 1960s to present rates. I also don't agree on many things with the video since he takes a lot of extreme situations and provides little to no evidence on risk. However, the whole justification that land value appreciates like it did in the early 60s without understanding markets or economic fluctuations is quite silly.
Very useful video sir. My dad made mistake of purchasing flat in under construction building thinking he will rent it out for getting some extra income. Now forget renting out the builder has abounded the construction midway and only god knows when flat will be ready. Big mess!
yes rental yield is only 2 - 3 % in most areas. More than 5000 units of apartments are empty and not selling yet you are told this is a great investment.
Sar you are doing a noble job of helping people avoid mistakes
This reasoning & argument do not have any basis , it’s kind of pick & choose , very conveniently turning blind to other side of coin. For example the price of ur apartment would be close to double in 18 years while the value of your money will depreciate with time. Again rents are always appreciating with a avg of 8 to 10 % every year. Lastly never buy high value apartment with a motive of earning rental income.
@fortalk6032
11 ай бұрын
So taking your own words where do you see "low value apartment" for rental income purpose
The soothing sound of rain behind is amazing with all the wisdom shared in this video.
What if you get that flat free from your parents as gift? It’s still a profitable deal?
@mustanggt5713
10 ай бұрын
😂😂
What are the things needed to be considered b4 buying a flat?
@rabindrapatra7151
6 ай бұрын
First thing is dont buy the flat with loan.
If we talk about Bengaluru, then it is completely wrong analysis (highly negative side). 1. You can easily get 2-BHK in 1 Cr in WhiteField-Sarjapur area (excluding Brigade, Shobha, Prestige like prime builders), still you can still get decent 2-BHK with all good amenities. 2. Rental Income is at least 30k-45k for 2-BHK in these areas. Brigade, Shobha, Prestige 2-BHK rents are always 50k plus. 3. On 5th Year you can easily sell this 2-BHK for 1.5 Cr. 4. If you do not want to sell. Possibly price of flat will not in increase much, but rental will always.
sir, thanks, please do video on what must be done instead of what must not be done!
@KrishnarajRaoUrbanNaxal
Жыл бұрын
Ok, so I should not make a video saying, "Don't jump into a well", at a time when everybody and his uncle thinks it is a good idea to jump into a well. I should make a video saying, instead, "Climb up a hill". Correct?
@sachinparameshagowda
Жыл бұрын
very close
One thing you missed sir, Rent (50000) will increase by around 10% every year.
Thanks u sir aap Hai to hum. AAM AADMI saved hai
Sir@5% FD...2.5 laks divide by 12 months then it's rs 20,833 not 25K
100% agree
Good ,,but you also forgot Brokerage expenses 😁
Some of the flaws in the evaluation. Rent cannot stayed same for next 18 years.
@spuriusscapula4829
6 ай бұрын
Of course it's averaged out for simplification.
What about flat appreciation in 18 yrs ?
@sanjeevloke
4 ай бұрын
will you buy 20 years old flat at say 20% less cost then currrent market flat . Emotioally people wont buy . after 20years lot of issues come to maintain society.
If I hv 1cr rupees then I will buy this flat with cash. If I get 25k evry month,I will invest this money into a mutual fund. Rental yeild every year increase by 5% .after 20 year almost will get 2.5cr from mutual fund.evry year I will increase my sip amount by 5%.also after 18 years my property value will double that time .
@user-yk5lv8iw8x
6 ай бұрын
That 1 Cr in mutual fund with 15-20% return for 20 years …..
What if the construction is of poor quality??. I have seen flats where leakages start within 10 yrs even before the tenure of EMI is over .
Capital gain which can be off set in real estate is massive
What if i buy to stay and then move to new home on loan and give old home to rent? That is loan free?
@KrishnarajRaoUrbanNaxal
Ай бұрын
As I see it, you are likely making two mistakes in this situation: (1) You are paying out heavy interest unnecessarily on your new home loan (2) You are earning substantially less income on the value of your own home (rentals are at best 3% of home value) compared to interest rates of approx 6 or 7%.
You're absolutely right. Tension rehta hai landlord ko.
Not at the point. Rent & Salary of the person would increase. There are Income tax rebates each year. If area is improved, rates of property increases.
18 sal mai property 1.50 cr hoga sirji sell it
But the flat pricee will also rise in 18 yrs taking only 5% per annum it will become 2.4 cr
@ahanika2019
2 ай бұрын
What about inflation....price would be same
Sir, the maths calculation you have done about the loss incurred during the 18 years after buying the house, is not clear. I understood it. But you haven’t made it clear in the video
How come the rate of interest for FD per month is 5%? It is yearly 7%. Whole calculation is wrong.
The problems due to the tenant's behavior or actions are 100% real. I live in Varanasi and here property rates are decent. A doctor (BHU) had possession of three good flats in an apartment. One of the flats recently met with a suicide case. Now, no one is renting that flat and his other flats being adjacent to this one, are doomed as well. So he is at a complete loss.
Landlord is actually tenant of bank for 20 years.
All the points mentioned by Krish sir are correct . In big cities, you will get a new launch in every 2-6 months duration with new amenities. So tenants also prefer to stay in new societies rather than staying in a flat that is more than 10+ yr old. And its one of the toughest task to sale a old flat even in posch areas considering new lauch available at the same rate.
If your renter would be kankentarious minded then your house will be in problem, it will take long time to final verdict.
Why am I seeing Urban Naxal on bottom right corner?
@KrishnarajRaoUrbanNaxal
4 ай бұрын
That's my channel name. Krish the Urban Naxal.
@ravithalor9441
4 ай бұрын
@@KrishnarajRaoUrbanNaxal oh I see, thanks. Good Work 👍.
Rao ji ... you are right 😀
Sirji great work for humanity.please query gold investment explain please reply i am old subscriber
No size fits all, considering inflation, tax benefit and low roi, home loan makes sense.
But the EMI will remain at 50,000 while the rent will increase by 4-10% every year in an already developed area and even more in an upcoming area. So we have to calculate using that.
@himanshusingh5214
4 ай бұрын
Also due to low urbanization and increasing population in India along with high population density, rent and property prices rise faster than inflation in most cases.
Best investment is gold ,
After watching this video saved
Property dekh janch kar khareedo koyi nuksan nahi hota, mera brother in law ne flat liya hai abhi 58 lacs ka 2023 Jul me , bechne wale ne 24 lacs ka khareeda tha 2004 ab tak rent kamaya us flat se ... maine khud dekha hai , price kaise badhte hai rent kamaya jata hai .. kisi ki baton me mat aao , apni akal lagao apne paise ko soch samajhkar lagao
Couple of points I have leant over the years. 1. Makaan se pehle Dukaan khareedo. Commercial property will always give more yield. 2. Buy land and then do construction yourself. This will give more flexibility. Also, over the year the structure will depriciate but it will be compensated by the appriciation in land cost. 4. If your land is close to the highway or important market place, It will always appriciate. In case of land acquisition, you will get 6x land cost from govt. :) 3. Buy flat for rental income only if you have lots of black money that you want to put. Also, rental income can be taken in black. But yes, dealing in hard cash give a lot of mental pessure. All the time you will be worried about threats.
All points can be valid but still if you check around you, people who are wealthy, earned by investing in real estate. Lol you need to check if you are eligible or not. It needs certain skills for it.
❤️👍
Considering the job market which is not stable buying house of 1.5cr is not easy with emi or loan.
He is telling the facts as per current market status. Please don’t consider old cases where people bought flat 20-30 yr back. The current real estate market is at its peak but for investor its better to invest the amount in stocks/mutual funds etc which is headache free.
Home is not a investment.Its a libility
There is only one scenarios where you should be buying a flat - either you or your parents/family are going to live there all the time. that's it. If you work and live somewhere else and buy a house as an "investment" you are fucked!
Jesus bless you🙏💕
@LP-bf9oe
5 ай бұрын
Why did you say that? I mean what is the context?