A tech couple is hesitant in buying a flat worth Rs 1.7 crore due to fear of layoffs in the IT sector. Despite being financially capable, job uncertainty is preventing them from taking a big home loan. This has become a common concern of many tech professionals.
A tech couple’s Reddit post has caught the attention of thousands of people. This well-earning couple is confused about buying a flat worth Rs 1.7 crore. The reason is the continuous layoffs in the IT sector. Both husband and wife are software developers and have more than 10 years of experience. He says that he can easily pay the down payment and EMI, but the fear of losing his job is stopping him from taking this big step. This viral post shows the growing concern of tech professionals working in cities like Bengaluru, Hyderabad and Gurgaon. Property prices in these cities are skyrocketing and there is a fear of layoffs, due to which many people are shying away from taking long home loans.
‘I have money, but I am feeling nervous’
In a Reddit post, the couple wrote, “My husband and I are confused about whether buying a flat right now is the right decision or not.” He told that both work in product-based IT companies and both have about 10-11 years of experience. The couple told that the price of the property they are looking at is around Rs 1.6 to 1.7 crore. But including registration and interior expenses, it can reach up to Rs 2 crore. The post read, “Financially we can manage the down payment and EMI, but considering the recent layoffs and uncertainty in the tech industry, we are very nervous about taking such a big loan.”
Opinion divided on social media on big home loan
There was a lot of debate online on this post. Many users advised to exercise caution in the current situation. “If you can afford at least a 60-70% down payment, only go ahead,” one Reddit user commented. Another user warned that with the advent of AI and automation, it may become difficult to pay “huge EMIs”.
Another piece of advice that was widely shared was that buyers should ensure that “the EMI can be covered by one person’s salary” and have at least 12 months of emergency fund ready before taking such a big loan.
Fear of layoffs due to AI is changing real estate decisions
The conversation comes at a time when AI-driven layoffs and slow hiring are already impacting India’s tech-driven housing market. Recent online discussions have revealed that many first-time home buyers are postponing their purchase due to concerns about job security and long EMIs.
Another Reddit discussion even said that “When the salary stops coming, the EMIs every month become a nightmare.” This shows how layoffs have changed the perception of expensive real estate among IT professionals.
Rising prices increased concern
This viral post has once again highlighted how difficult it has become for even well-earning professionals to buy a home in India’s biggest tech hub. With property prices touching Rs 2 crore in many urban areas, many salaried buyers are now forced to wonder whether it is wise to take such a huge loan in an uncertain job market.