Renting or Buying In 2023: Which is the Best Option for You?
HTML-код
- Опубликовано: 7 мар 2023
- In this video, we explore the age-old question of whether renting or buying a home is the best option for you in 2023. We discuss the current state of the housing market and the factors that may impact your decision, including interest rates, home prices, and rental rates. We also dive into the pros and cons of each option, such as the flexibility of renting versus the equity building potential of homeownership. My goal is to provide you with a comprehensive guide to help you make an informed decision about whether to rent or buy a home in 2023. Whether you're a first-time homebuyer or a seasoned renter, this video is a must-watch if you're considering a change in your living situation this year.
Timeline
00:00 - Introduction
Haven’t subscribed yet ?
Please subscribe now to get updates on stock market and finance !
-------------------------------------
Open your stock trading account right now! Click below
Zerodha : zerodha.com/open-account?c=ZM..
.
------------------------------------
Want to be a professional trader ?
We educate you, help you apply it on market and trade professionally by India’s one and only virtual ecosystem for traders !
Website : www.milliondotsedu.com/
-------------------------------------
Connect with me
Instagram : / kenz_millio. .
Facebook : / kenzmilliondots
Business card : www.linker.ee/kenz_milliondots
#moneymanagement #finance #buyvsrent
ഇങ്ങനെ ചിന്തിച്ചാൽ കേരളത്തിൽ ആത്മഹത്യ കുറയും
Yes
What matter most to you is to say NO to things that don't aligned with your priorities. You'll make far more money and get things done if you invest on your future, it will become more important to your family.
You're absolutely right, to be a successful in life required not only hard work but awareness and sometime opportunity at the moment, investment remains the best way to start.
yeah investment is the key to sustaining your financial longevity but venturing into any legit investment or business without a proper guidance of an expert can lead to great loss too.
Ever since I lost my job with the ministry, I have been surviving through my investment with mrs Ava Kimberly, am so glad I invested when I did. I'm earned alot with her on weekly basis.
Investment is that tiny line that separates the rich from the poor.
She had really made name for herself
Bro you should've considered the future value concept too. A propertly with rent 5k may give you 10k approx 10 yrs later. This makes a huge impact from your example of 60yrs to 35 yrs. The land rate do not remain fixed.
1. When we compare with rent/ buy , we have to take 6000000 as loan for proper comparison.
2. Rent yearly increase to consider as 5%
Hello Kenz,
I agree with your point to rent a house rather than paying a lumpsum amount as interest to the bank. But as your life progress and once you have family and kids, there are many constraints that will ask you to settle down at a particular location
1. Kid's schools
2. Friend Circle of your kids
3. Frequent shifting from one house to another due to high rent demanded by the owners
4. Unavailability of houses for rent according to your preference foresay in a city like Bangalore
5. Safety of your family
So I would suggest if someone is interested in a long-term commitment with a company in a particular city, It is better to purchase a house.
I would say buying your first house on EMI is a wise decision and the second one again on EMI is a foolish decision.
Yes exactly... Getting same rent house for the same amount for the next 20 years itself shows that his way of approach is absolutely a foolish thing..
Good information thanks
എല്ലാവരെയും ചിന്തിപ്പിക്കുന്ന ഒരു വീഡിയോ. 👌👌👌👌
Thank you dear Kenz Sir
Proud to be a milliondot
👍
very gud clarification . bro
Good video
Right 🎉
Bro, If we imagine somebody providing a house for rent which has a 60L construction cost with 2% yield, then the rentee will be paying 1.2L annually (If the rent is fixed). If so, the house owner will get the complete construction cost back by 50 years. But it will not be good business idea for a house owner to think getting returns after 50 years from a house. Basically we know that the rent will get increased with respect to time due to inflation, development etc. Also the rental agreement nowadays are for short periods (in years). So the rent paid by a rentee Today will not be even comparable to the rent after 10 years for same house. It’s true we can move to other properties in future and consider best rent deals. So I think we have to consider the appreciation price of property instead of construction cost while considering rental yield.
Because, while comparing rent with house loan, we already included the interest rate (maximum amount we calculated for a loan). But in the case of rent we calculated the least amount which is hypothetical (Fixed rent for a house for 20 years).
Well explained, informative
Thankyou ❤️
Rent when we pay for 20 years it won't be the same there is a possibility of increase in the rent amount due to inflation. Is this another negative factor of staying in a rented house?
A video for teens,teenage ayit ollvrk veendi oru video chyuvo please .
Bro can u do a video about students investment
What about increase in rent every year ?
What about the future value of the investment we make while building a house/land . Without considering these how can you reach a conclusion dude ?
Have a doubt sir. Rent yearly koodi verunna oru aspect koode compare cheythu parayamo. In this video you told about a fixed rent for 20 years. But currently the trend is like within 2 years the rent is getting increased by about 20% . Even then renting would be more profitable?? Just need a clarification on that sir
Hey man.. you have good knowledge... what is your education background are u MBA or CA
What about the value of the property you bought in 2003 will have exponentially grown by 2023. So does the rental yield as it will beat inflation.
👌👌
Which book best for study investment
Bangalore pole oru nagarathil oru 2BHK home rent nu edukkanamenkil 20K engilum varum, pinne veedu vangiyal yearly base athinte value koodum angane nokkimbo rentalinu edukkunnathinekkal nallathu Vanginnathalle??
Idd okke schoolil padipikkanm ....... Piller ariyatte .....thank u bro ......❤❤❤❤❤❤❤❤❤ 4 kollam munne ee video erakanm ainu ... Paying 54k emi 😔😔
One point you miss
Value increase
For example 2003 in kozhikode city 3lakh per cent
Today it is 30lakh
10 times bigger
So
In this case 60 lakh property
Become 6 cores
6core 2%
1200000/12=1 lakh rupess rent avum 20 years kayiyubol
Bt stock le invest cheythal ithil kooduthal return kittum
In Bangalore, 60L home will go for 20k rent. Every year rent will increase with 10%. Now calculate math
Gold,silver,bitcoin best investment for these
Bro, can you create a video on 'How to Invest in your 20s'
Sure 👍
Siri.. What about Titan Capital..They offer average 15%Monthly Return
If you buy land worth 50 lakhs and build a home for 1cr completely on loans , EMI will be around 1 lakh for 25 years .
If you sell the land+home after 25 years , it's value( let's assume 5% appreciation) will be 6 crore atleast.
By that time we would have paid around 3Cr in loan repayment. So balance will be around 3Cr in hand .
For such a home , rent will be atleast 35k per month now . If we take 5% annual increase in rent, in around 22-25years the rent will be more or less same as EMI .
So like you said if we start an SIP for 65k and reduce it by 5% every year(as rental expenses will increase but EMI will be the same) , it's future value after 25 years will be around 2-2.5cr rupees (at 10% growth). We would have paid more than 1.5Cr as rent (considering 5% increase every year)
So balance in hand will be 1Cr maximum .
If your land+ home gives atleast 4-5% appreciation definitely buying is better . For flats it could be different as you cannot expect such an appreciation like land+home .
You have to take all these things into consideration before reaching a conclusion. Don't just jump into conclusions
Will u buy..25 year old hous efor 6crore..idoit
How do you consider
1. Inflation and devaluation of rupee over the years (Atleast now rupee is losing in value)
2. Price of House, Land, Room rent etc increase year after year
still having doubts 🤔
That he voluntarily avoid 😂, he wants to prove rental is better option
Salary also increases yearly to counter that... So it will balance
Taking a bank loan and build a house is not a good decision better go for rental but if you have enough money without getting a bank loan go for build a small budget home within your financial limit own house always giving you peace in life i Wish everyone have a home 🏠 ❤
Bro veedu vangubol buying cost und. 7 percent state tax and 2 percent mudrapatram vangan.
Rent cheyyubol ella yearum rent kudum. Kudathe veedu vangubol propertiyude value year by year kudum. Angane nomkubol nalla areayil veedu vangiyal property prize kudunnathkondu profitable ayirikkum
See this concept man actually buy the house 50 lKh interest amount to highly paid that amount invest in 12℅ annual returns give very big valu
@@AshokKumar-gd9vh Yaa that may be right if you have 60 lakh cash on hand. But most of them don't have full amount they only have down payment which is 25 percent of the property value and monthly emi which they r paying from salary
So a house worth 60 lakh will appreciate in value 5 percent year means 3 lakh. If you invest down payment which is 15 lakh in stock market with 12 percent year in return means 1.8 lakh.
But if the home is in better area then the appreciation value will be even higher. But we can't predict the stock market returns may be it will go up in value or go down in value. If you look at the market u can see only 15 percent of the stocks given 12 percent year return.
In addition their are capital gains tax loopholes on real estate and income tax dedication in old scheme.
It’s different if you have the whole amount in hand.
But in case of loan, it will never match the capital appreciation. It works sometimes with commercial buildings, but not homes .
And you can add up the rental yeild and property appreciation all together, still renting would be profitable in long run
If you buy land worth 50 lakhs and build a home for 1cr completely on loans , EMI will be around 1 lakh for 25 years .
If you sell the land+home after 25 years , it's value( let's assume 5% appreciation) will be 6 crore atleast.
By that time we would have paid around 3Cr in loan repayment. So balance will be around 3Cr in hand .
For such a home , rent will be atleast 35k per month now . If we take 5% annual increase in rent, in around 22-25years the rent will be more or less same as EMI .
So like you said if we start an SIP for 65k and reduce it by 5% every year(as rental expenses will increase but EMI will be the same) , it's future value after 25 years will be around 2-2.5cr rupees (at 10% growth). We would have paid more than 1.5Cr as rent (considering 5% increase every year)
So balance in hand will be 1Cr maximum .
If your land+ home gives atleast 4-5% appreciation definitely buying is better . For flats it could be different as you cannot expect such an appreciation like land+home .
You have to take all these things into consideration before reaching a conclusion. Don't just jump into conclusions
but i have doubt , the rent will not be same for whole 20 yrs , it will increase in years no ?
EMI- in the beginning interest portion will be high, but later on when it reaches middle, situation changes and during last course of time , interest portion is very low..
Then in cities, your theory may not work..but in villages it may work ..
Also when years changes, rent will also get increase.. so your video isnt ..
Ind money app trading ചെയ്യാൻ നല്ലതാണോ ?
Renting house in two cities with rent says example 15000k and 12000 k is a bad or good decision if i have a salary of 1 lakhs
Sir...in a video you have promised that you will reply to our comment....in that l asked a simple question...but you havn't answered....
I repeat my question..please reply
Is essar company a good option to trade?
Please reply🙏
It depends on what style you are trading. A short term trade ? Day trade ? Swing ?
And what returns you expect etc.
any ways since essar is a penny stock, I don’t prefer it to trade.
@@KenzMilliondots Thank you sir🙏
I also asked a question, ddnt get a reply, still waiting
In bangalore you need to pay a minimum of 25thousand as rent for 60LK house, then what would be your opinion of buying a house?
Same concept brother. what i belive We don't know about our job security. If you're buying a house which is costing 70 lakh ex: ( salary ) your monthly EMI will be 56k per month for 30 years + you need to manage other expenses + commitments.
If you stay in rented house for 10k remaining amount you can invest in other firm. For 30 years investment become double and you can buy it ( buy some plot in kerala because we will get for lesser price compare to Bangalore.sells it for higher price and buy it here 🙂
@@shiyasmac2683 You won't get a 70 lac apartment for 10k rent. So you are compromising quality of life for those 30 years. You need to compare staying in the same/similar rented apartment for a fair comparison.
10000 രൂപയുടെ വീട് 20 കൊല്ലം കഴിഞ്ഞാലും അതേ രെൻ്റിന് കിട്ടുമോ?
20കൊല്ലം കഴിയുമ്പോൾ നമ്മുടെ കയ്യിലുള്ള propertiyude value വർധിക്കില്ലെ..?
കൃത്യമായി 20 കൊല്ലം return തരുന്ന ഒരു ഫണ്ട് പോലും suggest ചെയ്യാതെ എന്ത് കൊണ്ടാണ് നേരെ investmentilekku പോകാൻ പറയുന്നത്?
Pakshee ee 60 lacksinte veedu orru 20 varsham kariyumbol orru 3 crorente vila varum .veedinte sthalathinte rate increase cheyum.
Ente Broo ningal ith parayan njan eganee nokki nokki 🧐 irikkuvaarunuu
👍
bachelor/couple's... it's ok ... Kuttikal aayi.. avaru schooling okke tudangiyaall.. ee parajathonnum pattilla
Please do a video on legal tax evasion
Coming soon.
Minimum rent @ ekm for a villa may be 20K to 35K bro...
Then the buying price also will be high.
Then the price of the property will be high. It’s related one another
70 lakh investment 75 k rental income mnthly generate cheyyan pattum this better ???
Rental yields specified is per annum basis
10 years rent koduthaa nearly 15 lacks. Athee same amount thane alee bank ll intrest um varuneee.
Loan adach theernaa house swontham aleee
Rent aanenkiloo ?? Same like loan intrest. What difference??
Ee same veedinum sthalathinum 20 yrs kazhinjal rate koodilee ??
So avadann aa intrest poya amount thirich kitule ??
Pulli paranjath thanghalk manasilayilla
what about when we consider income tax benefit..?
1.5L is maximum exemption we get per year according to 80C , still math shows the opposite.
@@KenzMilliondots I think we can also file up to 2 lakh for home loan interest as loss from house property... correct me if I'm wrong..
Yes, upto 2 lakh deduction is possible for house loan interest
സ്ഥിരം ട്രാൻസ്ഫർ കിട്ടുന്ന ആളുകൾ rent എടുക്കുക...
അല്ലാത്തവർ വീട് വെക്കുക., കാലം കഴിയുമ്പോൾ വസ്തു നു വില കൂടും...😅
ഇന്ന് കൊടുക്കുന്ന റെന്റ് അല്ല, നാളെ ഓരോ ദിവസവും കൂടി വരിയാണ്, എന്താ അത് ഈ വീഡിയോയിൽ പറയാത്തത്.
Building a house paranjillallo?
600000 lakshathinte veedu 10000 roopakku rentinu evide kittum?
Kannur und sir
Bro better oru small veedu vechitttu loan adakkunnath anu… maybe nale rent double akanulla chance undu… now most of them are going for rent a home instead of buy a home… so according to demand supply theory maybe rent will fly like a rocket… nale nadakkunna karygal munkooty kanunnathalle financial intelligence ❤
Across globe, the avg rental yield is 5-6%
Still both ways would go good. But I respect the way you thought. Its all perspectives end of the day👍
@@KenzMilliondots ❤️❤️❤️❤️
But once everybody starts renting, rental prices will increase.. because now even poor people own house, there are too many rental property availability..
20 varsham kayinju vitall full amount thirichukittum.
6.5% interestil loan kittumo bro?
Kittilla....Current rate in 8.86%
Veed oru adress koodi alle...
വാടക കൂടി കൂടി വരും. എല്ലാ വർഷവും 10% വച്ചു കൂട്ടിനോക്കിയാൽ 20 വർഷം കൊണ്ട് ഇന്ന് 10K വിലയുള്ള വീടിന് 68,73,000/- റെന്റ് അടച്ചു കഴിഞ്ഞിട്ടുണ്ടാകും. 69 ലക്ഷം പോയെങ്കിലും നമ്മുടെ കയ്യിൽ ഒരു പ്രോപ്പർട്ടിയും ഉണ്ടാകുകയും ഇല്ല.
Rent koodille😢
കാര്യം ശരിയൊക്കെത്തന്നെ പക്ഷെ ചേട്ടൻ പറഞ്ഞ പോലുള്ളവർക്ക് പറ്റും ഞൻ വടകയ്ക് താമസിക്കുന്നത് 6500 രെ ന ഇവിടെ സ്ഥലം 1.25 കിട്ടും ഇച്ചിരി ഉള്ളിൽ വണ്ടി കയറുന്ന സഥലം അതിൽ വീട് ഫുൾ പണി കഴിക്കണ്ട ജസ്റ്റ് വാർക്ക വരെ എത്തിക്കാനണേൽ 6 ലക്ഷം ഓക്കേ മതിയാവും മൊത്തം 11 lac 8 ലക്ഷം ലോൺ എടുത്താൽ 6000 തന്നെ അടവ് വരുള്ളു അപ്പൊ വീഡിയോ ചെയ്യുമ്പോ രണ്ടും പറയണം 6000 ര് നോക്കെ വാടകയ്ക്കു താമസിച്ചു ചെറിയ കസിന്റെ വീട് വയ്ക്കുന്നവർ ആണ് ഇങ്ങനെ ചിന്ദിക്കൊള്ളൂ അല്ലാത്തവർക്ക് ചേട്ടൻ പറഞ്ഞത് okey
Absolutely…. ❤
Family ties are strong in India than western countries ..so a home is a basic need . Where as in US nd all a different scenario ...Even though it's practical, difficult to think like that
Rent koodum ellavarshavum
സർ,50 ലക്ഷം രൂപ share മാർകറ്റിൽ ഇൻവെസ്റ്റ് ചെയ്താൽ ഒരു വർഷം എത്ര ലാഭം ഉണ്ടാക്കാൻ സാദിക്കും
60 lack home loan aduthitt ath rent n koduthalo ?? Ath nalla oru investment ahnoo???
Are you planning to do social work?
Wat a blunder idea sirji... If we are forced to vacate our current rental house.. Is there any guarantee that, we will get a similar house in all aspects in the same or very nearby locality.. KIYOSAKI is asking people to take houses for rent, for evading taxes.. Which in our kerala conditions is absolutely an idotic idea
എനിക്ക് 10 k vachu 1 month ശബളം കിട്ടും.
എനിക്ക് ഒരു ലോൺ എടുക്കണമെങ്കിൽ ഞാൻ എന്തു cheyanam
incomplete video , sir ,please do elaborated video, as you can see majority of your subscribers still have doubts in many aspects in this video like increase in rents, land value , maintenance cost , and so on. if you dont mind do one complete video.
കൊച്ചിയിൽ തന്നെ 60 ലക്ഷം വിലവരുന്ന ഫ്ലാറ്റ് കുറഞ്ഞത് 25K rent വരും . ഗ്രാമ പ്രദേശത്തു ഉള്ള വീടായാലും 18 k റേഞ്ച് ഒക്കെ വരും .
10000 ത്തിനു കിട്ടുന്ന വീട് വളരെ പഴകിയത് ആയിരിക്കും . ആ വീടിനു 20 ലക്ഷം താഴെ ഇപ്പോൾ തന്നെ പണിയാൻ cost വരികയുള്ളു .
If you get a rental yeild of 25K per month on a 60L flat at kochi, its soo great ! As it accounts to 5% rental yield. According to data, rental yields in india is 1-3% . I far as i know, kochi also have maximum 3% yield.
But for sure, if you can achieve a 5% rental yield, taking account to the property appreciation also, its a great investment to go with👍
Value of the land of that location also need to considered.
ഈ ഡാറ്റ മുഴുവനായും ശരിയാണോ, പിന്നെ റെൻറും വർഷംതോറും കൂടിവരും,
@@KenzMilliondots 1.6% seems to be under estimation. I am paying 27.5k rent for an apartment which the owner would have bought for 60 lacs. Even at the current price (80-85), the rental yield is around 4%. It all depends on the location and demand.
ഇന്ന് പതിനായിരം രൂപ വാടക കൊടുക്കുന്ന വീടിന് അടുത്ത അറുപത് വർഷവും അതേ വാടക മതിയോ, വർഷം തോറും എത്ര ശതമാനം വാടക വര്ധന ഉണ്ടാകുമെന്നാണ് നിങ്ങൾ മനസ്സിലാക്കിയിട്ടുള്ളത്,കൈയ്യിൽ പണമില്ലാത്തവന് അർത്ഥമില്ലാത്ത ആശ്വാസം നൽകുന്ന വീഡിയോ
Bro enikk ningale watsapp number onn tharamoo..