Talk Back

Renting Vs. Buying I planned to buy a home after joining a fintech company in Gurugram in 2019. The prospects looked good, with plenty of property options and a stable income. But that changed quickly after the pandemic struck. Home prices have skyrocketed since, and so also the bank rates. The exorbitant house prices in my choice of localities in the Delhi-NCR region mean I have to postpone my plans. Moreover, I want to pay more as a down payment so that I borrow less, and I need more time to raise that money. So, renting makes more sense than buying a house now. Renting Vs Buying What Works For You? has accurately captured my sentiments. Other pros and cons highlighted in the article were in sync with what I believe is the right thing to do. However, given the country’s current job market scenario, a long-term financial commitment required after taking a house loan could be a...