Editor-DN
Last update:
One CEO defended home ownership as a higher authority.
One investor recently fueled the rent vs. buy debate, arguing that renting is a more profitable option for the middle class.
In India’s ever-evolving real estate market, potential home buyers often face the dilemma of whether to rent or buy a home. This debate has been going on for years, with industry professionals on both sides. However, emotional factors often override financial considerations in the final decision.
Recently, a new debate has emerged on social media, sparked by an investor’s post on X (formerly Twitter) and a strong counterargument from the CEO. The investor highlighted the benefits of renting, while the CEO vehemently defended home ownership as the best option.
It all started with an X post by Karan Rajput, who according to his bio is an investor. He regularly talks about how he made his fortune and managed his finances. “50 years ago, the middle class wanted to own a home. Today, the middle class still wants to own a home. One reason is that many middle class people live in the middle class.” The post was titled by Kiran Rajput, an individual investor.
50 years ago a middle class aspired to own a home. Even today the first desire of a middle class is a house.
One of the reasons why many middle class stay middle class.
— Kiran Rajput (@_KiranRajput) August 4, 2024
Reposting Kiran Rajput’s message, Aman Goyal, CEO and co-founder of GreyLabs AI, criticized the investor. “There’s nothing worse than being kicked out by your landlord just because someone else paid them 10 percent more rent. Don’t listen to the Finfluencers. It’s a privilege to be able to live under your own roof. If you If you can afford a house, buy one. Just make sure you don’t fall into the debt trap,” Goyal said.
There is nothing worse than being kicked out by your landlord just because someone else paid them 10% more rent. Don’t listen to Finfluencers. It is a privilege to be able to live under your own roof. If you can afford a house, buy one. Just make sure you don’t fall into the debt trap. https://t.co/cmHo74Fgt8
— Aman Goel (@amangoeliitb) August 4, 2024
Karan Rajput later defended his statement in another X post, writing, “Not having your own home is a social stigma, a taboo. A few brave middle class people break these boundaries and bring their families to the middle class.” Raised by the struggle of. I get abused when I say: I don’t have a home Btw, I’m here to share my failures and learnings.
Not owning a home is a social stigma, a taboo. A few brave middle class people break these boundaries and raise their families from the middle class struggle. I get insulted, when I say: There is no house. Here to share your failures and learnings. pic.twitter.com/HgmMTYJ4Xz
— Kiran Rajput (@_KiranRajput) August 7, 2024
Karan Rajput’s post on buying vs renting a house was shared on August 4 and has garnered over 2 lakh views. The post sparked a heated debate on X, with many condemning the investor’s statements. Many consumers claimed that buying a home offers peace of mind and stability, but few agreed.
“Home is about relaxing and knowing that even if you lose your job or the market drops by 60 percent, you have a place to live,” said one user.
Home is not just about money. Home is about relaxing and knowing that even if you lose your job or the market tanks by 60%, you still have a place to live.— Saurabh Jain (@skjsaurabh) August 4, 2024
Another commented, “People who live in rented flats understand how important it is to have their own home.”
People who live in rented flats understand how important it is to have their own home. Owning a home provides peace of mind that cannot be measured in terms of rate of return.
— A Daksh Trader 🇮🇳🚩 (@adakshtrader) August 5, 2024
What are your thoughts on this viral debate?
