A 27-year-old techie from Bengaluru found it impossible to buy a house despite a monthly income of Rs 1.9 lakh. The price of 3BHK flats in the city is Rs 1.8-2.2 crore. Users on Reddit advised him to save a large amount of money first considering the risks.
A 27-year-old techie living in Bengaluru recently shared a post on Reddit. This post was about the city’s real estate market. He told that he earns Rs 1.9 lakh every month. After taking out the expenses, he is left with about Rs 1.5 lakh. Still, he says it is next to impossible for him to buy a house in Bengaluru. Nowadays the prices of 3BHK apartments have reached Rs 1.8 crore to Rs 2.2 crore. The young man says that even after saving carefully for ten years, he doesn’t think he’ll get even close to his goal.
The question of that young man is whether he will have to spend his whole life just paying EMI? At the same time, he also doubts whether he will be able to do anything else in this life other than just buying a flat. Many people commented on this post. One user advised that instead of thinking of buying a house right away, one should first save a good amount of money and then think about the house. It was also said in the comment that no one knows which direction life will take us. It is possible that after marriage you may have to leave this city or your priorities may change.
Some other people calculated how much EMI would have to be paid. At the same time, many people also opined that taking a loan based on the income of just one person is very risky. Most people believed that the best decision would be to buy a house only after saving some money first.