Off topic!
We are five people. I earn, 22lpa (142k per month) and my brother earns 23.5 lpa (143k) .
There is a huge argument regarding buying a home 3bhk. Even my parents are supporting my brother but I'm saying no as we only have 15 lpa in hand and don't really want to pay EMI for 20 years. I was saying if we buy a home it will be tough for children's education (could be 4 in future) but they are not understanding it. Looking for 1.10 cr appartment. Is it wise to pay emi for next 20 years?

likefunny
Posting as :
works at
You are currently posting as works at
Highlighted IconHIGHLIGHTED

I would suggest buying your own home instead of buying with your brother. There will be big differences between your wife and your brother's wife.

likesmartfunny

Why dont you buy two houses... one each... I have taken a 3bhk home along with brother and there are a lot of issues that come up.. better you have your own and he have his own...
It gets very difficult post marriage.. I am experiencing the same

likesmart
Recent IconRecent

Wow

Are you both buying the house with equal contribution ?? Then it's good investment as you both can get tax exemption it's better rather than paying tax and rent.

If you want to own a house then it's always better to do it as early as possible before you get married or get any other responsibilities on your shoulder. Earlier you invest in real-estate younger you would be when you go debt free in near future on the loan side.
Also, don't think that property prices won't go up in 3 years by the time you save 55+ Lacs for down payment.
Best approach in my point of view is to take a loan from bank as much as possible for the property and keep the tenure longer. And as you save money every month, put it in loan account as a part payment. This way you can close the loan account faster by paying less interest. If you can put 1.5 Lac every month as part payment in your loan account then I think that would shorten the loan tenure drastically by the end of each year.
You just got to think about everything aspects.

get two houses, bro. See the future when you have wife and kids it would be very crowded in the house.
Also I think you can pul off the EMI if you plan to live here only and work for next 20 years.

Babu bhaiyya ye sab moh maya hai.

Apna apna dekho..

One question . Your combined earning with brother is 45 LPA approx and you said your combining leftover is 15 LPA in hand . What you both do with remaining 30 LPA a year ? Both of you spend 1 lakh each per month in what stuffs when neither of you married !

Noo, My brother is married and we have Car EMI to pay, and we both recently (6 months) did a switch and got this hike so no much saving

Question no1: would you be staying in India only? What's your place of settlement.
Question no2: after getting married, your parents, you, your bother and yours wife's going to stay at the same place ?
Question no3: if one wants move out what's the plan of adjustment or repayment?
Question no4: why do you think you need own house ?

If you buying then buy nicely , but 2cr+ apartment 4bhk, anyways with 3 also u will pay emi for life and with 4 also, live live with pain, more pain.

Add your current age + 20 years = Final age. Do you want to live like that, paying EMI till the final age.

Also, If you do a job, there are risks. For 20 years it's more. Take EMI for that long, only when you know you will get the exact same amount or more in the future. In your case, YOU BOTH.

And people in the comments seem to be more interested in how and why you live together. Just ignore them, you never asked if you should live together.

It's your personal choice, completely up to you. And since it's your relationship, no one else is going to understand it, they will just give their opinion based on their own family culture and bond.

Related Posts

What will be in-hand salary for 43L base component.

like

What is the salary range in Deloitte UK(London office) Deloitte for Manager with 10 years experience in Merger and Acquisitions in Strategy and Operations (Not Monitor Deloitte)

like

Does AAS pay the same as FDD?

like

Which company is better for tech management role - J&J or Amgen ? Looking for comments around WLB, internal growth, compensation etc.

like
like

Hello guys, i want to know what's is the salary we can expect for Engineering Lead in Infosys.for automotive design and development field.

like

Is your compensation and performance reviewed automatically on a regular/annual basis? I don’t get either of these unless I ask for it! Found out others in our company experienced the same as me. Lowball Salaries trending as a common pain point

I like my team and work life balance, during the pandemic was very beneficial to my wellbeing. However feel I owe it to myself now, to be earning what I’m worth in the market (I’m underpaid by a fair bit) especially with inflation costs

like

Mentioned this the other day but if you still haven't, get off blockfi. They sustained heavy losses from 3AC not meeting their margin call and from gambling user funds into GBTC, which currently trades at a discount compared to BTC (they had to sell at a huge loss).

They will be the next Celsius.

Post Photo
like

Natwest group offering 18 lpa for 5 yrs with position software engineer B7.2. Is it good package at this designation?
Having offer from citi group of 17 lpa. Which one to consider?

funny

I have received offer from Qualcomm. They haven't mentioned about relocation bonus or accommodation in the offer letter. I have tried reaching the hr since the next day of hr round but they haven't responded to my calls or mails. Any advice on how to get accommodation and relocation bonus. Or is it not possible anymore? FYI I'm in city x and the offered position is in city y of another state.
Update :
After several follow ups Hr have agreed they will give the relocation bonus and reimbursement

like

Guys, need your help. I have cleared technical and managerial round for Big4 Netherland. How much should I ask as pay for Manager position? What's the average pay there?
PS- I don't have any previous overseas exp.

like

Hello Everyone..Anyone who knows about the Salary range of Manager L2 in PWC AC Blore under Business Acumen team?

like

Whats Average hike in Synechron yearly ?

like

Heard on NPR Mktplc- Larry Fink - Blackrock CEO - 2018 Letter to CEO’s. He wants companies to make a positive contribution to society. How are you shaping investments for greater good? Tips?

like

What does your NW breakdown look like ? In my case it is as follows
Home equity: 15%
Investments Stocks/ETFs : 25%
Retirement account: 30 %
Cash: 30%

like

Anyone invested with QQQM or QQQJ? Thinking about splitting a chunk between both.

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

For those watching their home value - which is best? Zillow or Redfin? I’m watching mine to see what equity I have to refi and potentially get PMI removed. Zillow is current showing home value at about 20K less than Redfin. Are there any other tools I could be using? Thanks.

like

Hi Everyone, does anyone know the salary bands for SMs in tech consulting at EY London?

like

Does anyone know how much an SM and Associate Director make in Accenture London?

like

More Posts

I joined Accenture few days back as level 9. Till now didn't get any project. I have one more offer from another company and have not told them that I joined Accenture.
Should I wait for Accenture to allot me project or shall I abscond?
I am worried since I joined Accenture as level 9 team lead and what if they fire me? Or map to some irrelevant project?

like

Hello Folks!

During work from office days, a representative from third party vendor organization used to visit the Gurgaon office during the Investment Proof Declaration days to help folks with "rent agreements, PAN number and rent slips" (ahem!! ahem!! IYKYK) and we were able to claim tax deductions.

Is it still happening there? Also, does anyone have a contact for them?

like

What is the leave policy in Verizon data services India??
Is it true that there is a 8 week paternity leave?

like

What are the leaves policies in Accenture we have ? Can anyone share the leave calendar for this year in Accenture

Hi folks,

May I know if Oracle India providing technology services as well?

( Is it both Product and service based organisation?)

like

Is it normal for a firm to require you to complete a conflicts check/questionnaire BEFORE they provide you an offer?

like

Salary compensation for a Sr technical program manager at Wish?

like

How strict is Google about returning into the office? New York based

like

What is a good spot in Atl to propose? Any fine dine restaurant or maybe a point with a good city skyline view (except for that PCM rooftop)?

like
like

Anyone have feedback on in house attorney positions with Mercury Insurance?

like

Anyone been successful negotiating the price of an apartment recently? Astoria apartment listed for $2k with a broker fee trying to get ~$1950.

like

I’m curious about the enlisted versus officer ratio as well...here’s a way to better survey the group. “Like” your respective group below.

Guys, need one quick suggestion -

28th Jan(after 2 days) is my joining date in one of the organisation.. meanwhile I get a call from one of captive company for final managerial discussion scheduled for today itself.
I doubt they can release offer in just 2 days if all good, having said that tomorrow is holiday.
Ques- should I tell after 2 days I have to join one of organization. Or can I tell, still I am with current organisation and serving np, probably 60 days left and wait for their offer..

like

My joining in EY India is on 3rd Nov. I have not got any details regarding onboarding on 3rd Nov. Anyone faced or facing same issue ? When should I expect first day onboarding email ?

Figured this is the best place for this Ancestry conversation: https://joinfishbowl.com/post_00jlpi

Rather than fume about the usual, let’s try this: imagine the brief and what you’d have done differently if you were in the room

like

What is Average Hike % you get at EY

Some youtubers are saying 30-40%..Is that true?

like

*My MD, with his video on, in his palatial home office*: “Hope everyone is staying safe and sane...”
*Me pretending my camera is broken*:

Post Photo
likefunnyhelpful

Found this hilarious!!!

Post Photo
likefunny

I’m currently being asked to undergo a background check. 9 years ago, I was caught for drinking underage while in college. I subsequently went through a diversion program. I’m now being asked whether Iv ever gone through a pre-trial diversion, which is what I went through. I don’t want to be penalized for something that happened 9 years ago. Advice? What should I do?

likesmart

Additional Posts in Consulting India

Hi Fishes, how much one can expect?
Skills - Agile Project Manager / Scrum Master
YOE -13
RYOE - 5

like

How much can I expect in hand salary?

Post Photo
like

दीपावली की हार्दिक शुभकामनाएं। 🌸 🪔

like

Hi
Currently having 4.2 years of experience as a business analyst
Looking for opportunity at bangalore
Can some one give rough list of companies that I can apply

McKinsey & Company Hello Everyone, I recently made a switch to PwC Ac in Feb and now Mckinsey is offering me Capability Insights Analyst role with 7% hike, should I switch considering McKinsey brand value and benefits? McKinsey & Company PwC

Is it okay to share the screen of my ipad to solve coding questions like whiteboard for technical interviews. Or it is a bad sign and will get me rejected? 🫠

like

“I choose a lazy person to do a hard job, because a lazy person will find an easy way to do it.” — Bill Gates

🤔

likeuplifting

Hi Fishes, need 11 likes. Please help.

likefunny

In Capgemini, Some of my clearances are auto cleared and some are still pending. I have my last working day on Dec. first week.

Do we have to write mail to every department to get the clearance? How is the process can anyone help.
Thanks

like

Can I get 11 likes please...

like

25 minutes to another Monday. Fk this shit.

likefunny

How is PTC regarding WLB and job security? Also in ptc, is it WFH or WFO currently.

Please help

like

What you will say to HR, when looking for job change just after 2 months of joining
main reason: current work not aligned with skill.
and also i have changed job last 2 jobs frequently just by serving 1.3 yrs.

like

Bain & Company [URGENT] anyone knows how is product management at Bain (wlb, profile, benefits etc) McKinsey & Company Bain & Company
Also salary range for associate product manager? 2 YOE - current base 18.

like
like

PwC India Hi Fishes, I have been offered pacakge of 9 LPA From PWC india but my fixed pay is 5.83 LPA (48,600/month). The amount approx 3.16 LPA is under National pension scheme and Reimbursable Flexible Benefits. Can someone please help me with clarifying this component. Is there any way this component can be added to my monthly salary if . Thanks in advance. PwC India PwC

like

Anyone working in Deloitte S&A - Tech Strategy? Wanted to know about the projects, culture etc.

like

Oracle India How much oracle india offering for Software Developer 3 . 6 years java profile Oracle India Oracle

likesmart

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