A 23-24 year old guy on an average earns 4-5 lacs rupees a year ,how is he supposed to pay an EMI of 80-90k given he would have plans for marriage, higher studies and may also need to support his family
Agree with you. Our residential property has a big role in defining our status in India. Owning a property is a must and for most of us it is created/ owned by facing some hardships. The pleasure of ownership is also there when we achieve it through sacrifices.
Sir I want to add some points on Mutual funds. The expense ratio you mentioned is usually the highest 2.5 or 3%. If you want take Mutual fund with Index fund which has expense ratio of 0.5% approx. And the returns you get is also great therefore the CAGR is after deduction of charges. Therefore the CAGR of let's say 12% returns ( The expense ratio is already deducted from NAV). I still see SIP one the best mode of investment.
Sir ji every day 1 video jarur bnaiye apke siva koi or kbhi nh bolta ki flat buy krna chahiye or sirf aap hi buy krne k benefits ache se btate hai thanks a lot....
I like your clarity of thoughts in many of your videos, Kudos to you for giving Gyan to middle class for free. However on this video, Sir how much we get in net matters, Suppose someone charging 5 % but giving return of 30, which means I am getting net 25. This is still good option even if I get charged 5%.
Sirji mere pass gav me 25 acer jamin he aur waha 1 acer ka price 1.5 caror he. Aur meri khet ki income bahot kam he to kya 2 acer jamin bechke sahar me commercial aur ek res. property kharidni chahiye ??
Buy or rent a 1 builder floor at faridabad buying price is 30 lacs Rent is 9000 rs pm of the same & it will increase every coming year 20 year rent costs approx: 30 lacs (after 20 year the house doesn't belongs to you) 20 year home loan interest: 25 lacs (Interest will be less if you pay it early ) and 1 house belongs to you. (EMI approx :20000 pm) We should buy the house if the yearly rent paid for the house is more than 3 to 4% of the value of the house.
I like the different view point on this topic, facts remains the same, owning a house is very expensive in India. And you pay 80-90% interest cost on that. Also, Mutual funds charges most upto 2%, Direct plans around 1% and Index funds just 10 to 40 paise on a Re. And in 20s, who knows where would he/she lives for long, they need to move for Better opportunities. Sir, current generation does not believe in owning but renting, house, car, furniture,etc. Lastly, power of compounding will be much better if one starts investing in 20s, and can buy home later in mostly cash.
If you include the cost of inflation and the fact that the real estate was originally acquired on 10x leverage, interest cost is below zero. Floating rate interest is based on RBI repo rate. Repo rate depends on the inflation rate. If you consider the tax benefits on interest paid, the interest is actually lower than inflation (hence cost is below zero).
Another example. Buy a home on loan (10% downpayment) and pay only the interest component for 10 years and live there. Consider the interest payment as rent. Sell the house after 10 years for 2/3x (because inflation). Considering you sold for 2.5x and paid off 0.9x to the bank, now you have made a cool profit of 1600% in 10 years in an asset that you lived in. ROCE XIRR of 32%! Can you live in your mutual fund?
My friend purchased one flat in dwarka Expressway two year ago. Now his property rate Rs. 9000/-. If he book new flat 20:80 @ Rs. 16000 per Sq.feet and OC in five year. I wish to know your opinion
I completely agree with u sir The advisors say buying a house in india has more emotional value nd less practical value That is absolute non sense It is as practical as it is emotional At least 1 home is absolutely needed for self use And also advisors say u should diversify Why is some investment in real estate kept out of this diversification.
i am a onwer of flat which give rental income but that place is mot for family thats a P.G area . but i just shifted to a house on rent which is good for family but really big deal for me to buy .. right now my rental income is more than my rent of new home ( where my family parents and kid both have security and fun too ) i am confused should i sell my other property and also take hefty loan to stay in same house or should i increase more income.
You already have a balancing income. If you don't have any major upcoming spending and have money in hand then only buy new property. Also if your old property gives such a good rental, don't sell it.
Dress and address are some what important but not necessary Jhunjhunwala never dresses well Modi's address before PM is unknown I am saying its just thinking which matters....second...third ..fourth order thinking I learnt it from you Guruji 🙏
Sango Sir iss tarah ki behude baatein sirf Akshat Srivastava aur Ankur Warikoo hi nahi balki aur bhi sare financial influencers kar rahe hai. Another such person is Deepak Bajaj.
Firstly, I consider myself lucky to have come across Mr Sango at such a young age( turning 23 in a few days). My question is that does it still make sense to go hammer and tongs to buy a property when young if your parents already have multiple properties. I will never not have a home to go to in that sense and I am the only child. Maybe in my case aggressively investing for growth in blue chip companies makes the most sense.
Your case is just like me. 🙂 Remember one thing, your only owned property is the one that you buy yourself. That's how i think and is buying further multiple properties to make sure i do better than my parents 🙏
Good approach and explained nicely. What is in your name is yours. Rest parents will live till 96 yrs. Anf one will be 70 plus himself. What will you answer your kid is another way to look at it
I am a single child and my parents had two homes. But at age 25 in 2005, I got my own 3BHK. I cleared that flat loan about 5 years ago in around 2018. Further in 2023, I booked another 3 bhk. The motivation was that my parents house doesn’t have many amenities such as good parking,etc. In case you parents have made wonderful home, you may focus on equities and other liquid investments only. Once you have earned sufficient money, you can think of real estate
You have not covered many parts of RE in India. 1) frauds going on in RE in India 2) Indian laws and time it takes to get justice if caught in legal trouble because of RE. 3) maintenance of RE 4) depreceaction of building materials As rental market is competitive, people will rent in newest and good looking home. 5) headache you have to deal with tennants and while selling. 6) buyer and seller disputes and courts issues. 7) neighbor disputes 8) tied to one location.
I have never seen like him yet 🙏 salute the flow without editing , real boss ❤️
Ankur Warikoo left the chat. 😂😂😂
True
Hahaha ..true
CZcams ka pappu hai wo😂😂 shakal bhi same lagti hai
A 23-24 year old guy on an average earns 4-5 lacs rupees a year ,how is he supposed to pay an EMI of 80-90k given he would have plans for marriage, higher studies and may also need to support his family
Sabne 1cr ka flat nahi Lena h bhai.. 25lakh ki property bhi hoti hai har City me
@@007_Sun_Tzutoh Kya hum tatti ghr lelen ? Rehne ka Mann bhi karna chaiye...pg Jaisa ghr mai thodi na rehna hai
@@Newage-ed7errent pe chada do
Agree with you. Our residential property has a big role in defining our status in India. Owning a property is a must and for most of us it is created/ owned by facing some hardships. The pleasure of ownership is also there when we achieve it through sacrifices.
Good opinion amit ji,confidence factor also included in home buying
Sir you give genuine content not like the other fake gurus who don’t understand anything apart from stock investment
You are great, sir... No one gives all these insights... Your content ins wonderful....
Dress and address play a lot of roles in our country. So true...
Sir looks lime you have gyan to share on any topic. You are torch bearer for upcoming generation. So the problems we faced May not be faced by them
Sir I want to add some points on Mutual funds.
The expense ratio you mentioned is usually the highest 2.5 or 3%. If you want take Mutual fund with Index fund which has expense ratio of 0.5% approx. And the returns you get is also great therefore the CAGR is after deduction of charges. Therefore the CAGR of let's say 12% returns ( The expense ratio is already deducted from NAV). I still see SIP one the best mode of investment.
Once again Bullseye sir.. and I loved the additional Gyaan which flows from you instinctively ☺️
Great learning..
Dda example is very nice sir
Bhut badhiya sir ji thank you ese hi Motivation dete rho ....
Nice analogy and explanation Sir.
very good opinon.
Dress & address carries a lot of weight in your life.. Perfect sir👍💥
A very informative video Sir
Such a deep Gyan. Keep buying and selling will make everyone else hapy.
Aap ka gyan dimag ki batti jala deta hai sir. Aur detail mein video banao iss ke ooper I will like to watch more.👌👌👏👏👏🌹🌹🌹
Sir Aap actually me clarity giver hai. Bilkul vastvik information dete hai. Sir aap ka clarity dene ka presentation toh mind blowing hai . Regards
Sir it's a honour for me that my comment pinned by you. Regards
Excellent content sir.
My father says "property does not suits everyone" ( based on his own past experiences )please please share your view on this.
Thanks Sangwan g
Excellent video
Sir ji every day 1 video jarur bnaiye apke siva koi or kbhi nh bolta ki flat buy krna chahiye or sirf aap hi buy krne k benefits ache se btate hai thanks a lot....
A video a day of Amit keeps the mind healthy and wise
Sir, your content is too much addictive. Watching videos from yesterday at 1.5x.
Very true dress and address
I like your clarity of thoughts in many of your videos, Kudos to you for giving Gyan to middle class for free. However on this video, Sir how much we get in net matters, Suppose someone charging 5 % but giving return of 30, which means I am getting net 25. This is still good option even if I get charged 5%.
Nice information sir jee
Very rational opinion .Mere Guruji ka jawaab nahi 👌🏻
Sirji mere pass gav me 25 acer jamin he aur waha 1 acer ka price 1.5 caror he. Aur meri khet ki income bahot kam he to kya 2 acer jamin bechke sahar me commercial aur ek res. property kharidni chahiye ??
Zabardast 🙏
Kal hi hua hun 36 ka
rent pe reh rha hu abhi bhi
Very good
Sir what is your view on REIT, Embassy office is giving rental yield of 7%., Mindspace is offering 5.5%
Sir, could you please share your views on home loan insurance vs term insurance. Thank you
Suprb video....
Buy or rent a
1 builder floor at faridabad buying price is 30 lacs
Rent is 9000 rs pm of the same & it will increase every coming year
20 year rent costs approx: 30 lacs (after 20 year the house doesn't belongs to you)
20 year home loan interest: 25 lacs (Interest will be less if you pay it early ) and 1 house belongs to you.
(EMI approx :20000 pm)
We should buy the house if the yearly rent paid for the house is more than 3 to 4% of the value of the house.
Sir mein kisi ki tarif kabhi nahi karta magar aapki mein bahut izzat karta hu bahut barya samjha te ho
I find your teachings quite akin to Robert Kiyosaki! Cool
Nice video sir, 36 yr wale topic per full video please
You are indeed India's No. 1 clarity giver 👍
I like the different view point on this topic, facts remains the same, owning a house is very expensive in India. And you pay 80-90% interest cost on that. Also, Mutual funds charges most upto 2%, Direct plans around 1% and Index funds just 10 to 40 paise on a Re. And in 20s, who knows where would he/she lives for long, they need to move for Better opportunities.
Sir, current generation does not believe in owning but renting, house, car, furniture,etc. Lastly, power of compounding will be much better if one starts investing in 20s, and can buy home later in mostly cash.
If you include the cost of inflation and the fact that the real estate was originally acquired on 10x leverage, interest cost is below zero. Floating rate interest is based on RBI repo rate. Repo rate depends on the inflation rate. If you consider the tax benefits on interest paid, the interest is actually lower than inflation (hence cost is below zero).
Another example. Buy a home on loan (10% downpayment) and pay only the interest component for 10 years and live there. Consider the interest payment as rent. Sell the house after 10 years for 2/3x (because inflation). Considering you sold for 2.5x and paid off 0.9x to the bank, now you have made a cool profit of 1600% in 10 years in an asset that you lived in. ROCE XIRR of 32%! Can you live in your mutual fund?
Buying a home on cash is not good and sensible
Gud job .... 👏
Say should we buy property if place of posting changing every 3 years
👌👌
Please make a video on how to buy real estate at young age including faide and nuksan
Living with parents by 35 by 36 living independently rite said
👍
Intuitive.
Bekar vauk raha hai.....direct mutual fund mein less than 1% expense ratio lagta hai.
Viceroy of Clarity 👑
4:24 👌🏻
sir aapke videos se to satyug ajaega...:)
Practical approach!!
Would like to meet you in person some day and have a debate.
But in real estate new property prices are high sometimes and resale property prices are low
So buy in resale. Buy what suits you and your budget.
My friend purchased one flat in dwarka Expressway two year ago. Now his property rate Rs. 9000/-. If he book new flat 20:80 @ Rs. 16000 per Sq.feet and OC in five year. I wish to know your opinion
Never go for 20:80 unless you have no option
Achha hai ki apke videos maine 35 main dekhna chalu kar diya 😊
I couldn't understand what actually you want to say
Aaj jub bhi hum kisi nay log se milte hain pehle pooch jata hai kahan rahe to ho kiya aap ka khud ka ghar hai
I completely agree with u sir
The advisors say buying a house in india has more emotional value nd less practical value
That is absolute non sense
It is as practical as it is emotional
At least 1 home is absolutely needed for self use
And also advisors say u should diversify
Why is some investment in real estate kept out of this diversification.
i am a onwer of flat which give rental income but that place is mot for family thats a P.G area . but i just shifted to a house on rent which is good for family but really big deal for me to buy .. right now my rental income is more than my rent of new home ( where my family parents and kid both have security and fun too ) i am confused should i sell my other property and also take hefty loan to stay in same house or should i increase more income.
You already have a balancing income. If you don't have any major upcoming spending and have money in hand then only buy new property. Also if your old property gives such a good rental, don't sell it.
Bhismpitama of real estate
Dress and address are some what important but not necessary
Jhunjhunwala never dresses well
Modi's address before PM is unknown
I am saying its just thinking which matters....second...third ..fourth order thinking
I learnt it from you Guruji 🙏
For that u have to become them first. Till then its important.
@@SangoLifeSutras let's raise our thoughts and doings ...till the time they become less important 🙏
100 %agreed
Galat
Sango Sir iss tarah ki behude baatein sirf Akshat Srivastava aur Ankur Warikoo hi nahi balki aur bhi sare financial influencers kar rahe hai. Another such person is Deepak Bajaj.
Mujhe 27 ke baad aazadi feel huvi
Stocks and property both need to be balanced
Lone mat lo
Firstly, I consider myself lucky to have come across Mr Sango at such a young age( turning 23 in a few days). My question is that does it still make sense to go hammer and tongs to buy a property when young if your parents already have multiple properties. I will never not have a home to go to in that sense and I am the only child. Maybe in my case aggressively investing for growth in blue chip companies makes the most sense.
Your case is just like me. 🙂
Remember one thing, your only owned property is the one that you buy yourself. That's how i think and is buying further multiple properties to make sure i do better than my parents 🙏
Good approach and explained nicely. What is in your name is yours. Rest parents will live till 96 yrs. Anf one will be 70 plus himself. What will you answer your kid is another way to look at it
I am a single child and my parents had two homes.
But at age 25 in 2005, I got my own 3BHK.
I cleared that flat loan about 5 years ago in around 2018.
Further in 2023, I booked another 3 bhk.
The motivation was that my parents house doesn’t have many amenities such as good parking,etc.
In case you parents have made wonderful home, you may focus on equities and other liquid investments only. Once you have earned sufficient money, you can think of real estate
You have not covered many parts of RE in India.
1) frauds going on in RE in India
2) Indian laws and time it takes to get justice if caught in legal trouble because of RE.
3) maintenance of RE
4) depreceaction of building materials
As rental market is competitive, people will rent in newest and good looking home.
5) headache you have to deal with tennants and while selling.
6) buyer and seller disputes and courts issues.
7) neighbor disputes
8) tied to one location.