Who would do 20 years of slavery? Today’s youth are drinking the juice of rent, not the poison of EMI, and are not buying houses.

Investment Plan: In earlier times, people used to invest more in property. Our grandfathers, great grandfathers and even our father’s generation have invested a lot in property and have been giving us the same advice. But a lot has changed with time, now the way of thinking and understanding of the youth has also changed. In such a situation, it is necessary to change their investment methods. These days the youth are planning to invest not in property but somewhere else. Let us know.

It is better to live on rent than to buy a house.
Now a large number of Millennials and Gen Z in India are preferring to live on rent instead of buying a house. According to a report by real estate platform NoBroker, 46% of tenants want to stay in a rented house for a long time. 53% of people aged 25-34 years and 48% of people aged 35-44 years have said that at present they consider it better to take a house on rent instead of buying a house.

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This is the reason
The biggest reason for this new thinking of the youth is the increasing EMI of home loan. In many big cities, the monthly EMI of a house has become twice or more than the rent of a similar house. In such a situation, instead of buying a house, youth are preferring to invest their savings in mutual funds, stock market and other investment options.

According to this report, buying a house in cities like Gurgaon, Bengaluru, Hyderabad and Mumbai has become more expensive than before. That’s why many people want to maintain financial freedom by living on rent instead of taking a long-term home loan.

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Youngsters want better lifestyle
The thinking of the youth is also changing. Now they are not living on rent just because they cannot buy a house, but they want a better lifestyle. Their preference has now become big houses, gated societies, fully furnished flats and premium residential projects. Frequent job switching, hybrid work, rising property prices and increasing awareness about financial planning are also major reasons for this change.

Rent is increasing
Many youth do not want to buy a house until they decide where they want to live for a long time or forever. Due to this, fares are also continuously increasing. Rents are increasing fastest in Mumbai Metropolitan Region (MMR). After this, fares are increasing rapidly in Chennai and Bengaluru also. The simple fact is that now for many youth, living on rent has not become a compulsion, but a conscious financial decision.