The Tenant With A Rental Bill Of ₹1.27 crore in Mumbai
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- Опубліковано 14 жов 2022
- In this episode of The Tenant, we talk to a guy who has paid ₹1.27 crore in rent...
But is still not convinced to buying a house.
Also, he is staying in the same locality, same building, same apartment for the last 13 years!
Our Tenant is an investment banker and has full drawn calculations for supporting renting instead of buying.
Watch the whole insightful episode to make a better 'rent' vs 'buy' choice for yourself!
#rent #realestate #mumbai
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ALSO WATCH | How To Rent In India’s Top Cities?
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I'm happy for the tenant. There is one factor here that's very important and that's your equation with the landlord. Not many will allow you to stay in their apartment for longer than 3 to 5 years. Also, I don't like someone having the power to evict me from the premises whenever she or he feels like it. Therefore, despite all the math and the numbers adding up, your own house gives you something that's priceless and that's peace of mind!
correct having roof ones own is very important with no fear.
@@seekertruth72 probably for you. not fpr everyone
he clearly mentioned that in suburbs it makes sense, but where the value is already peaked,it dsnt make sense. it works differently for everyone
@@soumil I'm talking about landlords and that there is no guarantee that you cannot be evicted under a leave and license agreement wherever you are.
True.
"It's just cost us about 15 lakhs"😁😁😁
People in Mumbai really live in different dimension of India.😝
This show is improving & I'm happy about that. No 1 - Volume increased, No 2 - Starting of the show with a energetic music, No 3 - Host becomes more energetic and interactive, No 4 - Showing thoughts of tenants in depth. Overall it's a good improvement. I am amongst the one who eagerly wait for Sunday @9am desperately for this show. Keep it up 🤘
Investment banker keeps his investment returns expectation at 12%. Lesson in it. Buy inexpensive index funds or ETF and chill.
I guess vo Motu ki modesty thi
Income tax wale aajayenge 😂
What if owner decides to increase rent or want someone else to come 😅
@@harveyropes1194 history shows emis are always higher than rent.
@@sagaronline265 The problem with staying in rent is you are dependent on owner in case if he asks you to leave post 1 year it is again troublesome
It's one thing to know that in theory, renting is better than buying financially but in practice, how many people actually have the discipline to do that? More power to this man if he has.
Statistically, homeowners are richer than renters, but that's because 95% of renters don't have the discipline this man does. Generally, having a home is a positive for most people who don't have discipline. Actually everyone thinks they can be disciplined but most fall prey to spur-of-the-moment decisions.
exactly my thought
is your name a pseudonym from that 90s tv advertisement?
I 100% agree with this man. I have been investing in ETFs vs buying a place in a super expensive city where I live. Best decision ever. look at new york times rent vs buy calculator and figure out for yourself which is better for the city you are in.
Life is about living though and not just making money. He is unable to furnish his home as he wishes because it is a rental. Some have the philosophy to work to live a fuller life vs live to work. No good or bad. Just a different perspective
Rental yields and property price appreciation are terrible here. not even 40% increase in 13 years. also this building is Old now and will require renovation / redevelopment soon. the house is so cramped i wouldn't want to live in it.
Many are talking about renting vs buying a house. In my opinion buying house is better because at some point we will retire from work and not have regular income. At certain age we will have other important expenses like medical expenses. Buying a house should be considered like a retirement investment. At the age of 70, you don't want to have a commitment to pay rent each month. Hence owning a house is better. Even if it's in a smaller town.
This is an eye opening episode, lot of learning on buying and renting.
Tenant is a decent and smart man, and definitely stuck to mahim for his emotional reasons.
Very good show by moneycontrol... Amazing!! Keep it up..
0:58 Satish Kaushik is alive.
I am of an opinion that in 2009 if he has invested in another upcoming locality like Panvel or Thane or Mira Road or Lodha Dombivli...it would have given him better returns..
the problem is he chose to stick to Mahim due to personal reasons and maybe the property market there didn't grow much but in Suburbs and Navi Mumbai...if u compare the rates from 2009 versus 2022...it has grown a 100 percent!!
100% return from 2009 to 2022 is still only 5.5% CAGR. not at all impressive
he did say he owns lot of real estate, just that he doesnt occupy those properties and decided to pay rental and made money out of real estate.+
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You have no idea the money investment bankers make 🙂or concept of what a delta of 6.5% over 13 can add up to
That is why you are not an investment banker
@@Jyyo so explain....just one line comment does not help anyone!!
Thanks for keep doing this wonderful series! Do give other cities like Bangalore, Gurgaon etc a shot as well for The Tenant, if possible.
Hi, How did you get that dollar = 40.00 thing ?
@@RanjeetKumar-yp6xm sir it's known as superchat
1:17 was the cameraman already inside the house 🤣🤣...joking....great videos..
That's how they present and we are fooled 😂
Very good thought process of the tenant - next thing we know is the owner will sell the flat and use the same secret to invest 😂
we need a follow up on this video
Please bring this series to HYD, Pune and BLR as well
Good interview. Kept us engaged till the end.
Good video with an educated and knowledgeful guy
Loved this talk
This episode was not only interesting but also educational. Thank you Sawant sir for your sharing those investment nuggets and Vishal for the show 👍🏽
Certain locations will give 0 or negative returns. It is like penny stocks. It does not imply buying a house is a bad decision. Good locations have given more than 15 percent returns plus security of owning assets.
This is a good analysis. He speaks about both capital appreciation and rental yield. Which if you do a sound investment can get you a total of 7-8%CAGR and unless you can beat that with a margin of safety you should not be renting.
What do you mean?
Very Nice Coverages
sir do a series for Delhi as well.
This obviously does make sense financially but I wonder if the home owners would've ever recieved offers to sell the apartment or rent it for a higher paying tenant, and what he would be doing then.
Yes, videos have improved over time, needs more better editing ? How to contact youll for showing you a house tour or are youll selecting on you requirement ???
Do drop your number. We will call you.
How much is the value of the flat ?
For 90k rent, there are much better options available in Mahim or anywhere nearby
Exactly my point. 90k is very high for this small apartment
Best is to go for home loan and beat the interest rate on loan with your investment as he is staying here for 13 years. 🤧
I own a 2 bhk flat in Andheri East it costed me 1.3 crore.
Good Location finally without any slum and nala near by. Rent is reasonable
I wish I had financial sense. I also started feeling renting is always better BUT during covid, my landlord decided to sell and then I had to move. That just irritated me because it's something that makes you unsettled when u r asked to move. Landlord had a right to sell his property but I felt bad that I could just be unsettled so easily. Therefore I then realised that if u tend to live in a city where u feel u will reside permanently it's better to own one apartment so that no can ask you to leave. Yes...if u are in a city for few years, renting makes sense. It's more psychological than financial. However, to each their own. In a sense if he has continued in same apartment for 13 years very likely the owner doesn't intend to sell the property . No one size fits all I guess.
Only investor bankers can live on rent 😀👍 Amazing person
I wanted the name of those 5 stocks.
interesting perspective
You also make good videos, kudos to the work
The only reason why this situation work out for the person in video is that he was allowed to live in that apartment for 13 years continuously and he didn’t had to deal with looking for new apartment, even though the maths adds up, but now at this age he has to think twice before buying because he has to almost buy the house at his own capital with little funding from loan.
As q tenant usually u don't get such facilities of furnishing or removing a wall
Mbai is so fkd up. 90k per month for a flat that anywhere else will go for 15 to 18k max.
Can plz tell which were the 5 stocks which you have invested?
Adani
@@hackverse5197 🤣 even amateurs knows about that.
8:13 Guys listen carefully.............Golden calculations.
Good choice if you have 1.2 crore ready cash at hand and are able to pay 90000rs per month as rent. But if you don't have that much money its better to buy a real estate at cheaper prices.
Good video
can anyone tell the club the person is talking about with similar amenities?
MCA bkc most probably
best show
Makes sense
He might be right but market does not guarantee u return always with 12%. Buy a property at least ur secured. Rest money can risk it in market
Sometimes you need peace of mind from house owners… which not many talk about
great
I get sarcasm whenver they said they got good view, balacony in mumbai....
Facts.
@@Pranjalchoudhary100 i know but they make it look like big thing which is nothing
What would be the cost of this apartment now and in 2009?
So back in 2008-9 a 3 bhk 2000 sq feet in Mahim was about 50-60 lakhs now it’s easier above 7 crores he’s not smart about investing in real estate atleast.
@@canadakevin100
Huh ? where are you getting your information from ? 2000 sqft house in Mahim for 50-60 lakhs ? The rates in Mahim in 2009 was above 15k per sqft and is now roughly double that.
Come soon to Hyderabad
Why Mumbai real estate costs high? Do salaries compensated for higher cost of living?
Because there is a space crunch in mumbai. Buying an house in mumbai is difficult and you need good salary to pay your EMI's. Even if you have money to buy developers don't give possession on time so luck factor is also there in this.
Smart guy
Investment banker being an Investment banker in real life.
How can you make money you don't have.....my parents made bought home in tier3 city with loan 5 lacs....now it is 80 lacs.....how can you invest money you don't have can 💰 control explain....!?
The emi your parents paid for the 5 lakhs loan would be rather invested, which would make more money.
I slipped nearly Three consecutive times to achieve my real estate goal. Eventhough backed up my grandparents savings, but All in vain. Middle class man! This time even deeper! Walking like anything to find the destination!
Roof is low . Not worth 1.25 cr annually.
Makes me more depressed and I am a Mumbaikar
My wife does not agree to this philosophy n as an investment banker m unable to convince her 😅
8:13
Everything is not about money..if can afford luxury then you should :)
only question is " are the landlords fool who have bought the apartment and minting the rent ?"
They have multiple property.
They got club membership for 15 lakh for how many yrs????❓❓
lifetime membership
Honestly I don’t know what math he’s doing but in general in india the cagr of average home prices in India is 10% from 2010 to 2021 this is data from the rbi. And tbh I have personally seen a 10x growth in my home. So as a estimate 15% for Mumbai is very reasonable. The fundamentals are there. I don’t know what this dude is on about. He’s clearly making over 20% from stonks for him to justify
Its less than 6% a year since 2009. Learn to google information.
StoNKs
@@cp3190 I don’t know about you but if you step out of google and own some property you will understand this. A flat in the suburbs of Mumbai was 25 lakhs in 2006, in 2017, 1.4 cr and in 2022 is 2.5 cr. GoOgLe how much the cagr is.
@@canadakevin100
So you want to use anecdotal evidence rather than actual factual evidence to support your false claim ?
"A flat in the suburbs was 25 lakhs in 2006" Which suburbs ??
You are a kid don't talk like you own any property. Also clearly clueless so why try to portray like you know anything ?
Mumbai suburbs bhai. Just go to any builder in Andheri or Goregaon and ask them what their square feet price was in 2005 and what it is today you will get your answer. It’s a 10x growth. Just take your phone and call kalpataru or Lodha or whatever. I may be young but I know what I am talking about. All my evidence is facts. And if you still don’t believe me it’s my personal asset’s growth I’m talking about. Not numbered on a website which is more than what you’ll ever get to to owning a home
90k rent? WTH
In mumbai a 1 bhk at a poor locality will cost around 20-25k. So am not surprised with 90k rent for 3bhk.
but in mahim, 90k is too high for a 3bhk
I've done a thorough calculation with respect to past data and parameters and its always better to own rather than rent.
Unless you can get 20%+ consistently for 20 years which this man is capable of.
But a common man should opt for owning rather than renting
I'm not interested in the house or the rentals. I just want to know how he makes 12% p.a. comfortably
Investment banker. Lots of financial information from both from outside and inside.
So much cluttered house. Very untidy
Too much clutter in the house
His kids probably go to Bombay Scottish
How much is the fees of bombay scottish school?
@@shashanktudi6183 I guess it is around 1.2L p.a.
@@harisadu8998 tq
@@harisadu8998 1.2 lacs p.m. ?
No disrespect to anyone, the house appears to be very cluttered
Yeah we get the that he made money from renting instead of buying. But what's the point of all that when you are living in such a cramped and awful apartment with such a horrible locality.
Does his logical brain tells him that when he dies he won't take the money he made with him.
This is a classic case of live poor so you can make money from investing 🤣🤣.
Maybe he likes simplicity. Money decisions are mostly emotional and not rational! I see the same here in the US, people buy million dollar homes and then struggle when they lose their job or they have an unexpected expense. Peace of mind is worth more than any comfort.
@@ganapathisubramanian5260 hahaha peace of mind is there only when u buy ur own house. Which logical kind will say rental gives u peace of mind 😂😂😂🤣🤣
90000₹ Rent is not poor
This is ridiculous. 90k for this chicken pen?
I felt same way when i visited my friend in East Andheri (1L rent per month) but the locality was nice i guess
Worst decision. Foolish guy trying to justify his decision.
keep aside the math, at the end you dont own a place even when you very well can afford!!!
The audacity of the host to call this kitchen spacious. Lmao 🤣. This guy is at such a senior position and successful. Can't believe he lives in a sub standard apartment. Then the host calls it luxurious. Kaun si duniya mey rehte hai yeh log
Wastage of money
Pls change this host/ anchor
Messy home with so much clutter