Indians are buying homes with money they haven't earned yet
Key points
- There was a time when buying a home came after years of saving.
- Families would build a down payment over time, buy within their means and take a home loan that could be comfortably repaid before retirement.
- Today, that journey is beginning to look very different.
- Across India's biggest cities, homebuyers are increasingly starting their housing search not by deciding what they can afford, but by asking banks how much they can borrow.
- The answer often determines not just the home they buy, but how much of the next 20 to 30 years of their income is already committed.
Quick Summary
There was a time when buying a home came after years of saving. Families would build a down payment over time, buy within their means
Why It Matters
This development is important because it may impact public opinion, policy decisions, and future developments related to Indians are buying homes with money they haven't earned yet.
Key Takeaways
- There was a time when buying a home came after years of saving.
- Families would build a down payment over time, buy within their means and take a home loan that could be comfortably repaid before retirement.
- Today, that journey is beginning to look very different.
- Across India's biggest cities, homebuyers are increasingly starting their housing search not by deciding what they can afford, but by asking banks how much they can borrow.
- The answer often determines not just the home they buy, but how much of the next 20 to 30 years of their income is already committed.
📌 Source: India Today
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