TheMarketInsight
132 posts

TheMarketInsight
@im_mssharma
Talk about finance| Have been in market for more than a decade |speak my mind freely | Try to keep things as simple as possible | Not a financial advice







I urge every youngster to rent an apartment over going for a home loan. My suggestion is mostly applicable for middle class people who are looking to build a career and make more money. I recently rented an Apartment in Bangalore. I am starting the Annual Membership Program and I got a sexy apartment because I want to work in the best possible environment. I am going to be paying an annual rent of Rs 18 lacs for this apartment. The current market value of the apartment is Rs 5 CR+ so I am paying an yield of around 3.5% to the owner. I would have had to pay a bank around 8-10% for the same apartment that shall be mine after 12-15 years. Why would I borrow money at 10% to avoid paying money at 3.5%? I can work better with peace of mind knowing that I am not tied to a bank loan or any legal obligations. I can stay in luxury properties today and make more money instead of paying money to the bank and live in poorer environment. I am urging you guys to chase a sexy lifestyle and a lot of flexibility or you would not be able to work at your full potential. Stay in rented properties and get rich first. Then buy properties in cash later in life. NEVER INVOLVE THE BANK to get a house.



























