I was having conversations with my friends, on this he is paying 33K as an EMI, and paying rent for 50K for his flat in different city, so investing into new projects becomes difficult for people like him. But that 33K is still coming back from rent, so that's not a big deal but buying a flat requires alot of headspace and investment. With Job Market not stable people are scared to buy homes without because EMI becomes a headache for them.
I felt I should help others understand investing smart becomes important today. I am also learning day by day how market works, when you should buy? What things you should look into this before buying.
Well I want to saying buying a big flat takes a lot I am happy to learn about others how do they think before buying?
It’s all about smart investing. You don’t need to jump into the first property that comes your way. Look for deals where the market is still catching up or where rental yields are high. That way, even if the value doesn’t increase drastically, you’re still earning through rent.
I think one of the biggest things to consider before buying is the area and the potential for future growth. If you're investing in a property, it needs to be in an area with developing infrastructure and good rental demand. Without this, it’s a risk.
The struggle of paying both EMI and rent is real. I’ve heard of people in similar situations who actually moved to smaller cities or suburbs to reduce costs and still bought a property. Sometimes taking that step back can help you jump forward in the long run.
