Should EMIs be 30% or 50% of take home pay? And why? - E 05
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- Опубліковано 17 сер 2023
- Is making that "sapno ka mahal" a forever dream for you? Or upgrading from a 2bhk mahal to a 3bhk mahal?
Do you feel caught in the battle between Math and Emotions?
"Apna Ghar!" A sentiment so strong for anyone in the world. A sense of security, the peace of mind of owning the roof over your head, the floor under your feet.
Let us ask Pattu how to deal with this dream and how anyone can simply evaluate their choices and set their priorities to go about bringing this dream to life.
P.S.: Take a leaf out of Soumen's book and send us your thoughts, anecdotes, questions, etc. via any of our social media channels. That's where we met Soumen too!
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To answer his query, my suggestion would be to 1) Rent a 3 BHK for self use. 2) Rent out currently residing 2 BHK house. So the extra amount spent is actually the delta. 3) Continue investing the same away as before. However, the FIRE period might stretch a little.
I am just hoping these videos will reach more people 🎉.
Thank you for the hope and GListening!
Pattu! Old schooler RD and FD😢
Wait for accumulation will increase property price... and then more accumulation and rental, hence people take loan and use leveraging... but I know its risky, but its is a compulsion if you want your piece of cake in real estate
Hi Sir, If I have invested ~40-50% of the house price, is it a good idea to take out that amount and pay as a downpayment, or take the max loan amount possible, keeping the investment intact, paying more EMI and hence lesser investments thereafter till the loan is repaid. (Assuming already saved investments give ~10-12% returns vs. house loan at ~8.5%)
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With AI coming in future, NOBODY is sure about the future income for 10 to 15 years.
Fingers crossed it turns out well for all of us.