Well, buy or rent a house has been a question of many people lately ! Let me clarify it to you So the logical argument that anyone gives for not buying a house and renting it is that the yield on house property is 3-4%. To explain it further, if you invest your money(let’s say 1.5 crore) in an FD rather than a house, you get 6-7% So you can pay off your rent and still stay in surplus! It’s sounds very simple and nice. However, there are other sides to it.

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2023-07-06 07:05

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CA Sumit Mehta | Finance
financewithsumitt

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6 分鐘內	CA Sumit Mehta \| Finance financewithsumitt	See most of our countries population is poor! And most of the people who are rich are 1st generation rich people. So as a country, there is an inherent insecurity amongst us which makes us feel secure if we have a house! - Another thing besides money that you lose when you buy house is the flexibility to move to another state for a lucrative job opportunity. So it’s for you to decide, you want the security of a house or the freedom to work anywhere. There is no logical answer to this.