సొంత ఇల్లు జీవితం లో కొనను అంటున్న Zerodha's Nikhil Kamath

[andhra_jp]

Zerodha co-founder Nikhil Kamath also expressed a similar desire of renting a home over purchasing as he felt that the real estate at existing valuations were "ridiculous and retarded".

"I could not get myself to buy real estate at today's valuations because personally, I think they are ridiculous and retarded with interest rates where they are, for prices of homes and offices to go up does not make sense," Kamath had said in CNBC TV-18's "I Did it My Way" podcast in September.

Kamath further revealed that he continued to stay in a house that was not owned by him and planned to live the same way in future, as well.

"Yeah, I don't foresee that changing. The only one home that I have is where my parents live and that is more for emotional reasons, but the way I look at it is if I am able to earn 10 per cent, 12 per cent on money deployed and I am able to rent homes in India at 3 per cent and if my budget for a home was let's say Rs 10 and I can earn Rs 12 on that, if I can rent three or four apartments in that Rs 12, it will never make sense for me to buy a home because the rental yield I am dishing out is significantly lower than the capital deployed, the returns they give me," Kamath added.

https://www.instagram.com/reel/C3prad3v6bD/?utm_source=ig_embed&ig_rid=83778c8a-9907-466a-a142-3a3f6cd7b89b

[nag]

he is missing a simple point. ..equity build ayithadi .. he will buy a place to live  but not an investment and prices will go up nomatter what

[Pavanonline]

34 minutes ago, andhra_jp said:

Zerodha co-founder Nikhil Kamath also expressed a similar desire of renting a home over purchasing as he felt that the real estate at existing valuations were "ridiculous and retarded".

"I could not get myself to buy real estate at today's valuations because personally, I think they are ridiculous and retarded with interest rates where they are, for prices of homes and offices to go up does not make sense," Kamath had said in CNBC TV-18's "I Did it My Way" podcast in September.

Kamath further revealed that he continued to stay in a house that was not owned by him and planned to live the same way in future, as well.

"Yeah, I don't foresee that changing. The only one home that I have is where my parents live and that is more for emotional reasons, but the way I look at it is if I am able to earn 10 per cent, 12 per cent on money deployed and I am able to rent homes in India at 3 per cent and if my budget for a home was let's say Rs 10 and I can earn Rs 12 on that, if I can rent three or four apartments in that Rs 12, it will never make sense for me to buy a home because the rental yield I am dishing out is significantly lower than the capital deployed, the returns they give me," Kamath added.

https://www.instagram.com/reel/C3prad3v6bD/?utm_source=ig_embed&ig_rid=83778c8a-9907-466a-a142-3a3f6cd7b89b

Ee logic probably 20 years nundi valid but the real estate correction never happened and not sure it'll ever happen. Rents are low because the earnings of masses is not increasing as much. Agree that it's not profitable to buy and rent but profitable to buy and sell in 1 or 2 years.

[andhra_jp]

1 hour ago, nag said:

he is missing a simple point. ..equity build ayithadi .. he will buy a place to live  but not an investment and prices will go up nomatter what

There is no guarantee to that and moreover how much it will increase differs from location to location...

As in some property investments equity increase may never beat inflation.

My relative brought flat in vijaywada for 40L and sold for 50L after 10yrs !  He said its a loss making venture and he should have invested in mutual funds.

 

 

[andhra_jp]

23 minutes ago, Pavanonline said:

Ee logic probably 20 years nundi valid but the real estate correction never happened and not sure it'll ever happen. Rents are low because the earnings of masses is not increasing as much. Agree that it's not profitable to buy and rent but profitable to buy and sell in 1 or 2 years.

Are you joking ?  property konna 1-2yrs loo what kind of profits you are looking considering interest payments , closing taxes , home repair works if any , brokerage fee if applicable ..

Bare minimum for decent profits people generally say to hold on 10 yrs...

Primary residence is an expense not an investment.

[nag]

14 minutes ago, andhra_jp said:

There is no guarantee to that and moreover how much it will increase differs from location to location...

As in some property investments equity increase may never beat inflation.

My relative brought flat in vijaywada for 40L and sold for 50L after 10yrs !  He said its a loss making venture and he should have invested in mutual funds.

 

 

if your relative lived in that home during that 10 yrs . then it is not a loss making venture..

Here the context is nikhil kamath is inclined towards renting than buying a home. His thoughts are incorrect.

 

 

[Pavanonline]

42 minutes ago, andhra_jp said:

Are you joking ?  property konna 1-2yrs loo what kind of profits you are looking considering interest payments , closing taxes , home repair works if any , brokerage fee if applicable ..

Bare minimum for decent profits people generally say to hold on 10 yrs...

Primary residence is an expense not an investment.

depends on where you are buying and selling, Hyderabad lo that's been the mantra full cash tho friends been doing that. Holding longer is also not a problem but you can't do the rotation.

[Android_Halwa]

Zerodha lambdi gadu bisket esindu, adi muchata pattukuni erripuvulu avakandi vaa

Zerodha gadi dandha capital markets la investing…naturally he would want people like us to invest in share market kada but not buying property which will block liquid. Adi avasaraniki veyyi septadu.

[phatposts]

17 minutes ago, Android_Halwa said:

Zerodha lambdi gadu bisket esindu, adi muchata pattukuni erripuvulu avakandi vaa

Zerodha gadi dandha capital markets la investing…naturally he would want people like us to invest in share market kada but not buying property which will block liquid. Adi avasaraniki veyyi septadu.

agreed to certain extent, but home buying for investment is a bad idea IMO. 

Manam unde illu konukkovadam - I agree though for stability, emotional, bonding with neighbors, location  etc. 

India lo rent ki iche purpose kosam konadam waste muchata. 

Land investing, commercial avanni vere malli. 

 

Bada bada investos buy land, develop, sell and repeat. They never get into the rental game in India because there is no juice there. They know that!

[Assam_Bhayya]

సొంత ఇల్లు జీవితం లో కొనను అంటున్న Zerodha's Nikhil Kamath

vellaku india lo house invest anavasaram, already tax haven lands panama, caymen, bahamas, mauritius lo beach front italian lavish house untayi, andhuke vaadu india lo house ki money waste cheskodu.

 

[Peddayana]

7 hours ago, Android_Halwa said:

Zerodha lambdi gadu bisket esindu, adi muchata pattukuni erripuvulu avakandi vaa

Zerodha gadi dandha capital markets la investing…naturally he would want people like us to invest in share market kada but not buying property which will block liquid. Adi avasaraniki veyyi septadu.

you got the point, he is encouraging investing in markets and discouraging real estate which is his primary competition

This is like musk where he posts about something one month earlier on X as if asking for public opinion but then there would be a big announcement already tied to it in the making and in plans, pretty hilarious that people don't understand the hidden meaning behind statements

[andhra_jp]

1 hour ago, Peddayana said:

you got the point, he is encouraging investing in markets and discouraging real estate which is his primary competition

This is like musk where he posts about something one month earlier on X as if asking for public opinion but then there would be a big announcement already tied to it in the making and in plans, pretty hilarious that people don't understand the hidden meaning behind statements

This reminds me of recent zomato CEO quote where he says he always orders via zomato and does not cook at home..   andaru valla business ni promote cheddam anukunee valle...

 

Quote

In his blog, Deepinder Goyal said that he started tracking his carbohydrate intake, ate a healthy diet (all ordered via Zomato, because Indian home-cooked food is so dominated by carbs), and worked out regularly.

https://www.indiatoday.in/lifestyle/people/story/zomato-ceo-deepinder-goyal-writes-about-his-fitness-journey-after-losing-15-kg-in-4-years-2414698-2023-08-01

 

 

 

 

 

[jpismahatma]

10 hours ago, Android_Halwa said:

Zerodha lambdi gadu bisket esindu, adi muchata pattukuni erripuvulu avakandi vaa

Zerodha gadi dandha capital markets la investing…naturally he would want people like us to invest in share market kada but not buying property which will block liquid. Adi avasaraniki veyyi septadu.

Correct ga pattinavu kamudu ni 

[andhra_jp]

13 hours ago, phatposts said:

agreed to certain extent, but home buying for investment is a bad idea IMO. 

India lo rent ki iche purpose kosam konadam waste muchata. 

Bada bada investos buy land, develop, sell and repeat. They never get into the rental game in India because there is no juice there. They know that!

Exactly thats the actual point of Nikil Kamath!

In India rental yields are very low around 3- 5% of property value ...

Where are home loan interest rates are around 10% !

Thats where math does not recommend buying properties ..

But i agree primary home most of us invest due to sentiment , attachment , security and what ever reason...

[phatposts]

2 hours ago, andhra_jp said:

Exactly thats the actual point of Nikil Kamath!

In India rental yields are very low around 3- 5% of property value ...

Where are home loan interest rates are around 10% !

Thats where math does not recommend buying properties ..

But i agree primary home most of us invest due to sentiment , attachment , security and what ever reason...

manam or mana parents unde house aithe 100% konukkovachu bhayya. 

As we grow old not having an own home is a mental liability.