Thread by @theBuoyantMan

Today more so than ever, people migrate regularly. You never know where you end up settling after 35-45.

My parents bought a 1BHK (525sqft) home at Arun Excello Temple Green for 18L. Now we can't even sell that for 15L. Coz they are selling 2bhk (480sqft) at 12L after 5 years.

https://twitter.com/theBuoyantMan/status/1330433876913688580

So, unless you are able to buy an independent home with land, you're better off not buying an apartment in a society, where you're not going to live forever.

Better to have the freedom to move whenever you want, live on rent, and multiply your capital.

Those who say you can pay the rent as your emi, it's not really straight forward.

Near my place, you get decent 1bhk for 5k-7k rupees.

At that amount, your emi would take forever in loan term to own a decent home today.

Also, in a recession or if you're out of a job, you can always downgrade your rented place.

You can't downgrade your emi.

Taking a home loan early in your 20s also limits your risk-taking ability, which locks away the entrepreneurial spirit.

Coz you "can't risk it!".

Add to that the pain of having to move somewhere else for a job, and the need for finding a tenant or a buyer.

That's a hassle.

More often than not, you don't get a good buyer if you're selling, not at the price you want.

Tenant wise, it's a pain to keep tabs on maintenance.

Your 20s and early 30s should be about exploration, reaching for your maximum potential, experimenting, and eventually finding your rhythm/groove in career, settling down in late 30s into a routine.

Getting debt-ridden with home loan and car loan only prevents you from that.

Sure, people may have different perspectives about it, but this is just my opinion.

I wanted to take home loan for a home in western ghats near coimbatore, and a car loan for a Honda Jazz.

This was when I was 22.

Had I gone through with that, I wouldn't have been able to start my current business, quit my job, take some risks, learn finance/trading or experiment with different styles of trading until finding my niche.

So, think it through, and think about compounding your money first.

If you must invest in real estate, think about commercial real estate - godowns, shops, etc.

I pay 31k per month in rent to my 2500sqft factory (took 10L to build).

The house next to our factory (for 2000sqft) takes 9k in rent per month, and took 1 crore to build.