Off the topic.. being in IT field and living in Bangalore, what do you think is best renting a house or opting for a home loan and paying similar emi for 20 years?

like
Posting as :
works at
You are currently posting as works at

If rent more than 20k, better to take home loan and pay.

like

Thank you.. Yes it makes more sense

Also depends on whether you have decided to be in bangalore for long term, your job is safe.. You have money to pay EMI if you lose job and confident of getting another job.. Etc

That's true. Thinking about these factors i have already paid rent for 7 years 😂 i think at some point you just need to take a risk.

I went for 3rd option called as lease home.
Paid 10lakh and agreement for 2 years.
Nothing to pay for 2 years and you will get your money back after 2 years. I found this useful compared to rent.

You can check on nobroker app. Or check with any local broker. There are many leased houses available. People use money for business and earn more than rent or pay off their loan or buy other properties. So they are not at loss

uplifting

Now that you bought it up i have actually opted for this option. I am paying 15l for a leased home. Paying 2.5 k maintenance.

Yes the amount is refundable , lease is for 3 years. And they might deduct 20k for colour etc after 3 years. And lease can be extended.

If it's bangalore, and salary > 1.5 lakhs or you have a spouse whose income add up to 1.5 L then buy a house for a crore then pay emi, show principal and interest under section 24 and get tax benefits. You will not only have a property in the end but you would be saving money as well. If you buy home in another state that's a double damaka if you manage to get good people to rent it out to, in which case you will get tax incentives for both principal and interest then HRA also + rent.

If you are going for lease, get the contract signed with good notary, with a lawyer along with good stamp paper and proper registration and correct clauses cross checked several times by your lawyer.

like

Related Posts

New year checklist for amex plat, CSR, Delta, and AA? :)

like

Anyone have any legitimate passive income? I’m talking about something that takes sizeable upfront time investment to get going, but takes <5 hrs a week to maintain.

like

Let’s finish this up strong! What are your year-end self development plans?!
We have our last session of the year of our group/guest financial education cycles at our Downtown Toronto office this Saturday. We go through our first financial education session that we talk about basic to higher level of financial information; from saving, investing, risks and returns, registered accounts, etc. There is no cost and no obligation. If you are interested to attend in-person or via Zoom, let me know.

Post Photo
like

Is it worth it to buy a “starter home”? Or should I rent and continue saving for a house in an area that I would want to settle down in?

likehelpful

A lot of my friends (on H1B) have bought houses in suburbs (or away from City) the past year. I really would like to stay near City (NYC). Any of you considered or have bought apartments in City area instead of huge suburb houses? Any pros and cons that you are aware of?

like

Junior Associates - How much student loan debt are you and your peers in these days? A few young partners and counsel at my firm were discussing the student loan moratorium and most of us were convinced we could have paid the majority of our loans off with the bonuses associates got these last two years. But we are all old and when we graduated 150k to 200k was about the max student loan debt people graduated with. So educate me. What is the average student loan debt these days?

like

Looking to move out of California, and considering buying a townhome in Atlanta for ~$650k. Any thoughts on the Atlanta real estate market?

like

Hey, I am looking for an Angel investor to invest in our idea. Can someone help me to connect with the person.

like

Why did Donald tank the stock market today?

funnylikeuplifting

I have been searching for a travel card for months. I am a young guy who is looking to take advantage of credit and earn points at the same time. Cap One just released an interesting new premium travel card with a lot of seemingly good perks (Venture X). I also looked at the CSP and the Southwest Priority card. My girlfriends family has Southwest and swear by it, with companion pass being the differentiator. I am in the DMV area and have mostly flown Jet Blue or Southwest. Any thoughts on this?

like

Is there ever going to be a comeback of the main coins (BTC/ETH/LTC) or are the golden days done?

That Carlos Matos Bitconnect video still makes me laugh.. hope everyone stayed away from anything that tried to combine crypto and lending.

Having trouble selling my (retired) dad's house. It needs a lot of work, but has great character. What if I buy it myself for a low, low price? Then I would be able to get a FHA 203k loan to do the updates. Rent it out or put it back on the market in the spring.

like

Bought some litecoins on Coinbase - how long does it take for transaction to go through and owning the coins?

Anyone here tryna go into impact investing?

like

What were people's 401k /pension balances at 30?

Feeling behind at $40k but making big headway now saving 10% and pwc wealth builder at 6, (26k a year on 160k)

like

Wrapping my head around the equity piece of an offer. Is the equity you are granted in dollars converted to shares right away? So if the stock goes up or down, the totally dollar amount in equity granted when you sign might not be what you actually get over the first four years?

like

150K in Singapore, and $150K in Chicago. Which one would you accept?

like

How to check what is there in full and final settlement as they just sent the amount to my account...not any mail or anything to check.

like

More Posts

Could you seriously date someone who isn't on the same financial level as you?

like

BTCs dipping a bit through the weekend. Could that be an indicator to predict red futures tomorrow?

like

I’ve been thinking about looking for a new job, but given everything going on with the Coronavirus and layoffs, it doesn’t seem like this is a good time to start looking. What do others think?

like

Have an interview with a company I really want to work for tomorrow. My last job I was laid off b/c of an acquisition&recently accepted a job at a diff company b/c I couldnt afford not to. I got this invite shortly after. The place I’m interviewing at the job wouldn’t start til next year. I dont want to seem like a job hopper. Do i tell them I’m at a new role or just not bring it up? The acquisition was public so they can see Im no longer employed with the most recent work history on my resume

like

Looking to enhance knowledge of back-end rev cycle functions, best practices, benchmarks, etc. What are some good books to read for this?

like

𝐆𝐞𝐭 𝐍𝐮𝐦𝐛𝐞𝐫 𝐎𝐟 𝐌𝐨𝐧𝐭𝐡𝐬 𝐅𝐫𝐨𝐦 𝐇𝐢𝐫𝐞 𝐃𝐚𝐭𝐞()

Rule Functions in SuccessFactors

Something to try this weekend! Happy Weekend!!

#SAP #SuccessFactors #TimeOff #TimeManagement #Functions

Post Photo

What’s the appraisal cycle in citi ? If I join in last week of Aug , would I be eligible for next year appraisal ?

like

Hi all,

I just got a job with Delta airlines and I had an accomodation request to work remotely as I am Immunocompromised. I provided all the neccesary documents to back up my request and letters and documents from my Dr. aswell. My request was denied because the team said they wanted me to have face time and one on one interactions with people from other team (which defeats the purpose of my request) because I have to limit those interactions to reduce the risk of infection. What do I do?

How many drinks do you have in the average week? I’m at around 20-25.

like

Do we get company sponsored table chair expenses? How much?

like

What social media platforms are you using? General age would be helpful too.

like

Any Type B people in account? The teams I’ve worked with have primarily been Type A people. As a Type B person, it’s stressful for me and makes me feel bad for being Type B.

like

Thinking about buying first home. ~$600k. How was your VA home loan experience? In a competitive market, was it a weakness? Is it an issue with lenders? Do I need a RE agent well versed with them? THX

like

Confused about long term capital gains tax rate - are the brackets for how much capital gains you make in a year, or are the buckets determined by income?

Ie. If my income is over 40k do I pay 15%? Or do I only pay 15% if I realize >$40,000 in long term gains in a year?

like

Anyone here from NYC? Be cool if there was a meetup.

like

What is the Experienced Associate Salary range for RA at KPMG?

like

Got a call for spm (l6) at Amazon. Any decent prep guides? Also what TC should I be targeting with 11+ yoe (5 relevant) and t1 acads?

Current tc 45 + equity
Offer of 60 + equity

like

What is work mode right now? WFH or Hybrid?? Any notice from Novartis about initiation of its onboarding process at office?

like

Hi, just got an offer for an L5 and could use some help negotiating. I’m located in LA.

Base: $180k
Equity: $164k
Bonus: $36k

Thoughts on whether base is fair? How much can I request as a sign on bonus?

Thanks so much 😊

like

I am a data scientist with 5yoe, highest qual - masters(data science) , current ctc -18 ,
Planning for a switch in next 3yrs what is the salary i can expect

like

Additional Posts in Tech India

What are some 1-2 year experience roles at MAANG companies?

like

Anyone joined NatWest recently..?

like

I have lost so many Friends and my social circle have reduced a lot after the work from home culture have started. Is it same for everyone? Or you guys keep in constant touch. Just wanted to know if anyone in the same boat.

like

Hi Is there anyone from a product based company?? I am from Pune and working as a Lead recruiter(IT Recruitment) with one of the service based organisations. Can anyone refer me to any product based organisations in Pune. It's been 9+ yrs working in service based organisations now wanted to explore a product based environment.

like

Hi Sharks,
I also want to work in some product based firms or tech giants like amazon, flipkart, adobe and so on. But main problem is i live in mumbai and most of this opportunities are from banglore or Hyderabad and i dont have any plans to relocate.. any suggestions on this if any of this gives wfh or any such company is present in mumbai Amazon Flipkart Google Deloitte Adobe

like

Best movie ever?

like

Hi, can anyone refer me in IBM for Python developer position.

like
like

LTI-Larsen and Toubro Infotech is looking for Project Manager
Domain : Banking preferred
Experience: 10 – 14 Years

Send me your emailid if Interested for this opportunity

like

Hello Fishes,
I am thinking of resigning from my company due to toxic work culture and no work life balance.
I need to know the notice period.
I am currently in probation period and there is still 1 month left for my probation to end.
In my offer letter it is mentioned that any probationary employee should give 1 month written notice before leaving. So I am confused if it is 90 days or 1 month.

Can anyone tell me what will be the probation period?

like

Is someone working for Collabera Inc. (Citibank Client)? I want to know about the wlb & if the company is good to join. HR said I wont be on contract & will be on permanent payroll of Collabera. I am not sure if I should leave my current company where wlb is amazing. Please suggest

like

Citiustech Healthcare Technologies

How is Citiustech to work with and how is the work Life balance and security aspects here?

I got an offer from Amazon for support engineer level 3. They are offering 15lpa fixed, 8 lakhs JB, 18 LAKHS of stocks. I'm currently working as SDE in my organization. Should I go for this role? Any idea on work, wlb? Please help Amazon
Yoe 4.5 years
Tech stack: Java microservices

like

Hi All,
I have a total of 6.3 yoe in Devops.
My current CTC is 15.35L fixed

I am holding below offers

Kpmg-21L fixed +2L joining bonus
7-Eleven GSC - 25.6L FIXED+2.4L ANNUAL Incentive+2L Joining Bonus

Please suggest which company is in the best terms of WLB, CAREER GROWTH AND HIKES.

Thanks in advance

like

Hi Folks
How many rounds of interview conducted at Oracle for SeniorSystem Administrator position?
I have cleared first round . But they are telling there are other rounds too. I am curious please clarify if anyone from Oracle or recently joined .

like

Can anyone explain that how project allocation is being done in Nagarro. And what is the level of interview for project allocation for a java developer role?

like

Hi Fishes, any openings for B.E freshers (2022 batch)? Please help.
If any suggestions on how to apply too, please let me know.

How much package should a data engineer get for 3 year exp?

like

I have joined Publicis Sapient in May but I'm still on bench and I'm kind of worried whether they have projects or not..did anyone face this situation?Publicis Sapient

like

@fujitsu How much is the ECTC or Market ask for ITSM Roles like Process lead or Managers for people with YOE of more than 10 Years ?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal