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Influencer Who Pays ₹1.5 Lakh Rent Explains Why Buying A House Isn’t Worth It, Sparks Online Debate
Published
2 years agoon

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For many people, owning a home is an important milestone that signifies financial stability and independence. It is a significant financial decision that can provide numerous benefits, both in the short and long term.
However, in recent years, there has been a trend among younger people to prefer renting homes rather than buying them. Nevertheless, this shift in housing preferences is not without its reasons. Several factors can influence a person’s decision to rent or buy a home, and younger people may have different priorities and preferences than previous generations.
Recently, Sharan Hegde, a finance content creator, also explained the same phenomenon and listed the reasons why he prefers paying high rent to buying a house.

Sharan Hegde listed out the reasons behind his choice to not buy a house
Recently, Sharan Hegde, a finance creator, took to Twitter to share his thoughts on the topic of buying a house versus renting one.
According to his tweet, he currently resides in Mumbai and pays a rent of Rs 1.5 lakhs per month for his flat. He then shared that the flat he lives in is valued at Rs 7 crores, and the monthly EMI for buying it would be Rs 5 lakhs, in addition to a down payment of Rs 1.4 crores. After crunching the numbers, he concluded that he prefers renting to buying.
In a series of tweets, Sharan Hegde provided five reasons to support his analysis of why renting a house is more favorable for him. While the reasons may differ from person to person based on individual circumstances and priorities, his insights provide valuable food for thought for those contemplating the decision of whether to buy or rent a home.
I live in the city of dreams, Mumbai💫
My flat costs ₹7 Crores but I pay just ₹1.5 Lakhs in rent
Buying it on EMI would’ve costed me ₹5 Lakhs p.m. even after paying ₹1.4 Crores in down payment🤯
Here’s why I won’t buy a house🧵👇
— Sharan Hegde (@financewsharan) March 2, 2023
Reason 1
[1] Rent is not burnt
Rather than buying, if I invest:
🔶₹1.4 Cr of Down-Payment and
🔶₹3.5L (EMI less Rent) p.msay, in Nifty 50 Index Fund which gets me 12% p.a. for next 20 yrs?
I’ll have ₹48.13 Cr🤯
Even if flat grows at 7% p.a., it’ll be worth ₹27 Cr📉
— Sharan Hegde (@financewsharan) March 2, 2023
Reason 2
[2] Buy a Home after having FIRE score
How much money you need to never ever worry about money?
Me: ₹6 Crores!
At 10% growth I get 60L p.a
I need 30L a year to live the dream life and another 30L reinvested to match 5% inflation
After 20 yrs, I can have that house + ₹20Cr
— Sharan Hegde (@financewsharan) March 2, 2023
Reason 3
[3] Disproportionate Asset Allocation
If I buy a house worth ₹7 Crores today,
Most of my net worth will be allocated in a flat
A flat is generally a laggard in terms of capital appreciation
What for? Saving just ~2% per year?
— Sharan Hegde (@financewsharan) March 2, 2023
Reason 4
[4] Is it just about the EMIs?
Did you forget that buying a house comes with:
🔶Registry [4-7%]
🔶Brokerage [1-2%]
🔶Heavy & recurring repair & maintenance
🔶Annual Property Taxesand what not!
— Sharan Hegde (@financewsharan) March 2, 2023
Reason 5
[5] More clarity over which city to live
Right now, I am in Mumbai because of my work
What if I feel like shifting to Goa?🏖️ Or say, Manali?🏔️
Buying a house will lock me not just emotionally but financially as well
It might make more sense to buy a house in 40s
— Sharan Hegde (@financewsharan) March 2, 2023
Sharan Hegde’s opinion on renting versus buying a house sparked a heated discussion on Twitter, with many people expressing their views on the matter. While many people agree with him, some users criticize his perspective, claiming that only someone who can afford to pay a high rent of Rs 1.5 lakhs per month would suggest renting over buying.
Others argued that buying a home is often an emotional decision rather than a purely financial one. For them, the sense of security and ownership that comes with having a roof over one’s head is worth more than any monetary value.
Good thread lots of informations are missing as after 20 years , rent will not be same as 1.5 lacs but it will increase every year from 10% according to mumbai rates. And in mumbai , brokers take brokerage every year equal to one month rent.
I believe owning one house is…
— Aakanksha Gupta (@aakankshalovely) March 5, 2023
Would love to know if your family owns one or more houses that you’re likely to inherit?
— 🌈Sherina (@Sherinapoyyail) March 2, 2023
1.5L rent? Useless advice from another offspring from an elite and rich family.
— Sayak Dipta Dey (@sayakdd28) March 2, 2023
The people reading this post will definitely see after few years that this guy is buying his own house, waiting for the Irony🤣🤣
— Ashim Das (@AshimDa93235118) March 3, 2023
Don’t buy a home , don’t buy a car, don’t buy clothes..what next don’t buy food ?
Everything in life is not about an Excel sheet there are human emotions, sense of achievement and satisfaction.
No matter what type of a house you rent it can never beat the satisfaction of owning— Citizen Of ಕನ್ನಡಸ್ಥಾನ (@speakistan) March 2, 2023
1.5 Lakh???? Delhi aa jao bc pic.twitter.com/xNV4CPlQq5
— Dhruv (@CatfluentDhruv) March 3, 2023
Maan I hate influencers, even more than paneer biryani!!
— shubhankar.c (@monkeypreneur) March 3, 2023
Great and very valid points Sharan. But owning one house for self use provides lot of peace of mind (esp given how tenants are treated in bbay bldgs, no rights/voice, most upmarket complexes don’t rent to single ppl, plus no pains of uprooting phy & mentally every 1/2yrs….)
— گریش Girish Mallya (@girishmallya) March 3, 2023
One house is mandatory, BUSINESS, LIFE, JOB, MONEY INFLOW is never same it’s always up and down specially when you are single earning member in family, guys please don’t follow this rubbish advice. One permanent roof is important. 🙏
— Swapnil Aggarwal (@SwapnilAggarwa3) March 3, 2023
Homy buying is an emotional decision than a financial one.
It is that sense of having a piece of own roof over head goes beyond any financial senses.
— Kumar Manish (@kumarmanish9) March 2, 2023
Personal finance is more personal than finance, decide what works best suiting your risk profile, goals and affordability and if you want stability buy a house (May not be 7cr) or if you are alone or your partner and you are happy not to attach to a particular place , renting is
— rishabh parakh (@CARishabhParakh) March 3, 2023
Buying our home (paid off) saved us in lockdown and Covid times.. no income for years, and paying rent would have driven us to despair… your calculations make sense for you … everyone has different requirements and lives.. tc
— Sᴜᴢᴀɴɴᴇ Bᴇʀɴᴇʀᴛ (@suzannebernert) March 3, 2023
The discussion highlighted the various factors that influence the decision to rent or buy a home, including financial considerations, personal preferences, and emotional attachments.
What do you think about this? What side are you on?
Also read: 9 Most Most Expensive House In Mumbai And This Is How Much They Cost
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Arvind Kejriwal Reacts After Men Rob Car At Gunpoint Inside Delhi’s Pragati Maidan Tunnel
Published
2 years agoon
June 26, 2023
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Daylight robbery is not quite usual but it does not strike out the fact that it is highly possible. Many a time cases as such have surfaced online where normal people were robbed in broad daylight. Recently, the passengers in a taxi got robbed inside the Pragati Maidan tunnel in Delhi on Saturday afternoon.
Four men rob taxi passengers at gunpoint in broad daylight and here is what Delhi Police have to say
On Saturday, a delivery agent and his associate were robbed at gunpoint by a group of unknown assailants, stealing around Rs 1.5 to Rs 2 lakh cash from them. In spite of having 16 security guards in the Pragati Tunnel, there were no CCTV cameras installed. Although the Public Works Department assured that cameras are installed, they did not confirm their operational conditions.

The victims made a complaint at Tilak Marg police station later in the evening. The Pragati tunnel is a 1.5 km tunnel that connects New Delhi with Sarai Kale Khan and Noida. The police said that following the complaint made by the victims, a case has been filed under Sections 397 IPC which covers robbery, or dacoity with an attempt to cause death or grievous hurt and 34 (common intention).
The Deputy Commissioner of Police, Pranav Tayal, has shared that the complainant can be identified as Patel Sajan Kumar and his associate Jigar Patel. Patel Sajan works as a delivery agent for a private firm in Chandni Chow and has informed the police that he and Jigar were going to Gurugram to deliver the cash to a client.
As per the registered complaint, the two of them hired an Ola cab from near Red Fort. As soon as the cab entered the Pragati Maidan tunnel from Ring Road, four assailants on two motorcycles surrounded their cab and robbed the cash off them keeping them at gunpoint.

While the police are looking into the matter, Delhi Chief Minister Arvind Kejriwal is not satisfied with the deterioration of public safety needs
As soon as the CCTV footage surfaced, Arvind Kejriwal lashed out at Lieutenant Governor Vinai Kumar Saxena and demanded his resignation from the post.
Kejriwal took to Twitter to share the footage and wrote,
“If Central govt is unable to make Delhi safe, hand it over to us. We will show u how to make a city safe for its citizens”
LG shud resign. Make way for someone who can provide safety n security to the people of Delhi.
If Central govt is unable to make Delhi safe, hand it over to us. We will show u how to make a city safe for its citizens. https://t.co/oPtqnAWlgJ
— Arvind Kejriwal (@ArvindKejriwal) June 26, 2023
Delhi Minister Atishi also took to Twitter and slammed the incompetency of the Lieutenant Governor. She tweeted,
LG साहब: अगर आपको @ArvindKejriwal के कामों का क्रेडिट लेने से फ़ुरसत मिले तो कभी अपनी संवैधानिक ज़िम्मेदारी पर भी ध्यान दीजिए। दिल्ली वालों को सुरक्षा देना आपका काम है। और अब दिन दहाड़े दिल्ली में चोरी, डकैती और क़त्ल की वारदातें हो रही हैं। या तो आप सुरक्षा की ज़िम्मेदारी लीजिए,… https://t.co/RG4c9ozWnW
— Atishi (@AtishiAAP) June 26, 2023
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Railway Responds After Rain Water Leaking From Train’s Roof In AC Coach Goes Viral
Published
2 years agoon
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Coming across train service complaints on social media is nothing new. Very often than not we find passengers complaining about bland food or bugs in the cooked food provided to them. Quite recently someone took to Twitter regarding a complaint where they found plastic in the railway food. But the latest thing that happened has actually stunned everyone when a video of the roof of a passenger coach train surfaced online.
Indian Railways slammed over water leakage in AC coach
Netizens have harshly criticized the poor management and maintenance of the train coaches after a surprising video surfaced online. Recently, a video went viral on social media platforms in which it can be clearly seen rainwater seeping in through the roof of the 2-tier AC coach of the Avantika Express. The Congress party also reshared the video uploaded by a passenger and took to Twitter to play the blame game immediately.

The tweet said,
“काश खोखले प्रचार की जगह रेलवे के लिए कुछ काम किया होता। झंडी दिखाने वाले रेल मंत्री अभी विदेश में हैं, नाम वाले रेल मंत्री ध्यान दें। (Wish some actual work would have been done for the Railways in place of empty propaganda. The railway minister who shows the flag is currently abroad, the named railway minister should pay attention)”
काश खोखले प्रचार की जगह रेलवे के लिए कुछ काम किया होता।
झंडी दिखाने वाले रेल मंत्री अभी विदेश में हैं, नाम वाले रेल मंत्री ध्यान दें। pic.twitter.com/FNLvQL1Ihu
— Congress (@INCIndia) June 25, 2023
It was a jab at the Prime Minister, Narendra Modi, who recently flagged off 11 Vande Bharat Express, the Railways’ newest hi-tech train.
Railways response to the above-mentioned tweet
The Western Railway took to Twitter to respond to that tweet hours later and stated that all the coaches of the Avantika Express train were properly checked.

The tweet read,
“All coaches of Avantika Exp have been checked thoroughly & issue has been attended to promptly. The train has commenced its return journey & there are no such issues now. Passenger convenience is of utmost priority & WR leaves no stone unturned to resolve passengers’ grievances”
All coaches of Avantika Exp have been checked thoroughly & issue has been attended promptly.
The train has commenced its return journey & there are no such issues now.
Passenger convenience is of utmost priority & WR leaves no stone unturned to resolve passengers’ grievances. pic.twitter.com/V9QyKiIowJ
— Western Railway (@WesternRly) June 25, 2023
Netizens have strongly reacted to this video
Many Twitter users have either chosen sarcasm or disappointing words to slam the Railways.
Second ac coach ka ye hal bahut दुखद है
Unacceptable— Piyush Pandey (@Pandey4443) June 25, 2023
Its Romantic- Bed and Shower !
— राहुल गांधी (@BroRahulGandhi) June 25, 2023
Thandi hawa ke sath sath sarkar ne barish ke pani ka bhi anand lene ke liye ye nayab tarikib lagai hai isme bhrastachar bilkul nhi hai aur haa jine murko ke ye lgta hai isme amir log travel krte hai to unko ye bta du amir log plan me jate hai aur dikhave wale amir train me….🤐
— subodh Navik (@navik_subodh) June 25, 2023
Indian Railway has launched NEW SUITE COACH with open shower facility.
Indian railways are also discussing to provide shower gel, Shampoo & Bathrobe to the passengers in these trains.
Modi !! Modi !! Modi 🙏🏻🙏🏻#AvantikaExpress #Mumbai #Indore #IndianRailways @AshwiniVaishnaw pic.twitter.com/TB2GevjYKl
— Mahua Moitra Fans (@MahuaMoitraFans) June 25, 2023
This is probably not the first time that something has happened as per the claims of this Twitter user,
Recently travelled from 12424 Rajdhani Express to #Guwahati , had a very bad experience.
As it was raining the rainwater was leaking in every coach and also there was no water in most of the dirty toilets. TTE ignored the complaint and asked to register complaint via phone.— KHATI AXOMIYA (@AxomiyaKhati) June 21, 2023
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SRK Gives Best Reply To A Pregnant Woman Who Wants To Name Her Twins Pathaan And Jawan
Published
2 years agoon
June 26, 2023
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On Sunday, Shah Rukh Khan aka the King Khan, completed 31 years in Bollywood industry. It was in 1992, when he made his debut in the industry with the movie Deewana opposite late actress Divya Bharti. As the fans celebrated the big day on social media with amazing messages and tributes for the actor, SRK also decided to celebrate the occasion with his fans in his own style.
Shah Rukh Khan completed 31 years in Bollywood
He took some time out of his busy schedule and held an #AskSRK session on Twitter. Starting the question and answer session on Twitter, SRK wrote:
“Wow just realised it’s 31 yrs to the day when Deewana hit the screens. It’s been quite a ride mostly a good one. Thanks all and we can do 31minutes of #AskSRK ??”
In no time, his Tweet was flooded with a variety of questions from fans for their favorite actor. SRK, who is known for his hilarious sense of humor, gave amazing replies to his fans with wit and humor.
Wow just realised it’s 31 yrs to the day when Deewana hit the screens. It’s been quite a ride mostly a good one. Thanks all and we can do 31minutes of #AskSRK ??
— Shah Rukh Khan (@iamsrk) June 25, 2023

SRK celebrated the big occasion with the fans
While interacting with the fans, King Khan stumbled upon a question that was asked by a female fan, who is currently pregnant with twins. The fan came up with an epic Tweet for the Pathaan actor. She asked:
“sir i am pregnant with twin babies..wish me luck i will name them pathaan and jawan.”
sir i am pregnant with twin babies..wish me luck i will name them pathaan and jawan ❤️ #AskSRK 5
— S 🐺 (@larkemaidumhai) June 25, 2023
SRK was quick to notice the Tweet and come up with a reply to it
He replied,
“All the best but please name them something better!!”
All the best but please name them something better!! https://t.co/4cdYLSAz7w
— Shah Rukh Khan (@iamsrk) June 25, 2023
Besides all the funny and hilarious answers, SRK was also seen giving some serious answers. A fan asked him if he would do a movie like Swades again, a role that was loved by one and all
Talking about his work front, SRK made a comeback after a hiatus of 4 years with Siddharth Anand’s blockbuster action-thriller Pathaan, which hit the theatres in January this year. SRK will be next seen in the upcoming action-thriller Jawan, which will be released on September 7th.
Jawan is directed by South filmmaker Atlee. Produced under SRK’s Red Chillies Entertainment, the movie also stars Nayanthara and Vijay Sethupathi in lead roles.
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