Duration 11:15

Why Indian Youth is NOT Buying Houses

by Soch by Mohak Mangal

576 033 watched

0

25.6 K

Published 5 Jul 2021

Download smallcase: https://link.smallcase.com/iqi8fHqDDhb #IndianYouth #Housing #mohakmangal Liked the background music? I use Epidemic Sound. You can get a 30-day free trial using this referral: https://www.epidemicsound.com/referral/lk6mmz/ Research: Prachi Yadav Editing and thumbnail: Harshit Singh ➡️ /channel/UC-y5zjOhdblFz7Ezwqrwi2w Markers 0:00 Introduction 1:32 Reason 1: Flexibility 2:57 Reason 2: Investment in other asset classes 6:01 Reason 3: High property prices 7:21 Why aren’t property prices falling 10:16 Change due to COVID Support on Patreon: https://patreon.com/sochyoutube Contact: Facebook: https://www.facebook.com/sochyoutube/ Instagram: https://www.instagram.com/mohak.mangal/ Twitter: https://twitter.com/mohakmangal Creative commons: Pixabay Unsplash Flaticon Freepik Videvo Sources: 0. Introduction https://www.livemint.com/Money/Y4F0nBaOnZbcPqiqFuO1sI/Why-millennials-dont-like-real-estate.html https://www.livemint.com/money/personal-finance/if-not-millennials-who-is-buying-property-in-india-1569485585885.html https://www.theweek.in/news/biz-tech/2019/09/27/Why-millennial-Indians-dont-prefer-to-buy-homes-anymore.html https://www.thehindu.com/life-and-style/homes-and-gardens/young-and-not-keen-on-owning-a-house/article27937274.ece https://www.moneycontrol.com/news/business/personal-finance/why-are-indian-millennials-not-buying-real-estate-4750951.html https://www.cnbctv18.com/real-estate/generation-rent-why-the-millennials-are-not-keen-on-buying-a-house-3667731.htm https://www.businesstoday.in/opinion/columns/story/why-millennials-prefer-renting-over-buying-a-house-149829-2018-10-30 1. Reason 1: Flexibility https://data.worldbank.org/indicator/SP.URB.TOTL.IN.ZS?locations=IN https://www.orfonline.org/wp-content/uploads/2020/12/ORF_OccasionalPaper_287_HousingForAll.pdf https://www.businesstoday.in/opinion/columns/story/why-millennials-prefer-renting-over-buying-a-house-149829-2018-10-30 https://www.cnbctv18.com/real-estate/generation-rent-why-the-millennials-are-not-keen-on-buying-a-house-3667731.htm https://ficci.in/events/24295/ISP/Co-living_Reshaping-Rental-Housing-India.pdf 2. Reason 2: Investment in other asset classes https://www.livemint.com/money/personal-finance/if-not-millennials-who-is-buying-property-in-india-1569485585885.html https://www.businesstoday.in/markets/market-perspective/story/a-million-demat-accounts-opened-for-fifth-straight-month-280725-2020-12-07 https://www.cnbc.com/2020/10/02/indias-millennials-are-driving-a-surge-in-stock-trading-during-covid.html 3. Reason 3: High property prices https://www.financialexpress.com/money/75-millennials-want-to-buy-a-home-in-another-3-years-study/1869094/ https://www.ft.com/content/ae7ec8ee-8d6c-11e3-9dbb-00144feab7de https://www.newslaundry.com/sena/indias-real-estate/ https://www.cnbctv18.com/real-estate/generation-rent-why-the-millennials-are-not-keen-on-buying-a-house-3667731.htm 4. Why aren’t property prices falling https://www.hks.harvard.edu/sites/default/files/centers/cid/files/publications/faculty-working-papers/2019-12-cid-wp-369-indian-growth-diagnosis-remedies-final.pdf https://www.newslaundry.com/sena/indias-real-estate/ https://indianexpress.com/article/cities/delhi/delhi-to-boost-real-estate-circle-rates-cut-20-7176589/ https://www.rbi.org.in/Scripts/PublicationsView.aspx?id=19240#CH31 5. Change due to COVID https://www.livemint.com/money/personal-finance/is-this-the-best-time-to-buy-a-house-in-india-this-survey-says-so-11608900818321.html https://www.thehindubusinessline.com/news/real-estate/millennial-prefer-home-ownership-over-renting-survey/article33861200.ece

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Comments - 1543

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@sochbymm3 years ago Download smallcase using this link!
76
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@DriveWithVicky873 years ago A few years later, mohak will be making video on why millennials are leaving cities and going back to their natives and working from home! 586
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@SaddamHussain-bu5cl3 years ago Another reason why youngsters cannot afford buying a house is because in the last decade price of property has gone up on astronomical scales compared to theearning. 970
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@VishnuUpadhyay-op7lh3 years ago Soch always comes with topics that are completely unnoticed and are treated as general
that' s what everyone likes about soch. 287
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@dharmapersona20843 years ago The older generation has already occupied all the land of houses, so newer generation has to adjust in flats only! 2163
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@findingmyself24463 years ago Now i got to know why the concept of joint family is still popular in india. It' s difficult to buy a house on our own so it' s better inherit one: 154
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@harshitjainb23 years ago Young people should never buy homes in urban cities and take your salary back to your village make your mansion and live happily after retirement. The . ...Expand 481
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@kuchiumeshalekhya92293 years ago How diversified your content is! You' re just amazing, i' m happy that i' ve found your channel! 192
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@ashukalakriti3 years ago These videos are really educative. Whatever topic, they explain things a lot and rely on studies. 598
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@Greasyhair3 years ago In urban india 40% live in rental properties and 50% live in slums. 333
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@deepakkaul00853 years ago Take this survey in tier 2-3 cities and u will see the real trend. It' s simple because the young generation in metros simply don' t have the capacity . ...Expand 242
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@samarthpandey6833 years ago Only one advice, never buy or invest in an under construction project in india, specially if it' s in noida. 178
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@Kushagra.j3 years ago Renting is wayy better before coming to an age when you are stable. 565
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@aasimenator3 years ago The only reason the current generation rents instead of buying is because of the inflated real estate prices making the home unaffordable for the majority . ...Expand 63
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@rocker666553 years ago Owning a house isn' t expensive, it' s just that the millenials are hugely underpaid and overworked. 266
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@kunalvarshney99273 years ago Forget rent soon people will be sleeping on roads because salary is also on decline except if you are working for some reputed company. 426
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@thisisamime8883 years ago I' m glad the situation in chennai is not as severe as mumbai. 214
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@mohdghani71713 years ago Fact: renting is more profitable
ultra fact: living in slum will make you billionaire. 217
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@pratapmishra52783 years ago Don' t take loan, especially if you can pay on 10 or 20% down-payment. If you can pay more than 50-60% then only buy. 62
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@sanket.solanke3 years ago Just buying a small apartment in any major city would cost an average indian worker 10-15 years of salary. No wonder people aren' t buying houses in their 20s and 30s. 222
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@HarshalDev3 years ago Kudos to the editor man. Your editing and the visuals and the foley sounds you use, help enhance the experience of the video and also increase my learning awesome editing man. Legit fan < 3. ...Expand 12
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@geomukkath53733 years ago I have lived in mumbai for the past 23 years on rent. More accurately my parents did. They never owned a house. There were opportiunities but they missed . ...Expand 68
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@nasirq79533 years ago Its crazy how you can get an amazing villa(well insulated and energy efficient, 24x7 drinking water supply and electricity supply, air tight sealed windows . ...Expand 40
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@udith3 years ago My parents are in their 40s, they both have government jobs
but still we are living in a rented house. 72
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@non-believer9903 years ago Simple, uneven urbanization has lead to a shortage of residential land in this country. The nexus of land mafia and realtors artificially inflate prices, making it tougher to buy a good house. Housing is almost non-existent in this country. Home loans are highly charged, the real estate prices have risen exponentially in comparison to the median increase in income for the past 20 years. Combine it with the fact that certain castes frompatidars, yadavs ) and general (thakur, baniyas) have a monopoly over land resources, and you get a cess-pool of land starved people. ...Expand 283
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@onlypatel82973 years ago Leaving on rent the increase in number is not a good sign for economy as any recession or calamity can push you towards poverty. Wise economists always . ...Expand 23
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@furiousroundon71013 years ago Steps to be followed:
1) planned cities like singapore
2)real estate and landbuy laws
3)buy villas. 51
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@nishantshukla72553 years ago Having your own house in city like mumbai is still a dream for many. 26
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@VivekBabbar3 years ago Summary of the video: because the prices of houses are too high. 93
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@ashu97573 years ago Only like 4% earn more than 50k month and the house price is crazy in tier 1 and 2 cities. 26
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@abhinavdiddigam23303 years ago The main reason is the increase of price
in hyderabad, the prices for flats under 1500sft are itself 80/sft and above and in 20-2500 sft house . ...Expand 21
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@SBH33563 years ago Renting out is good for those people whose job profile requires constant relocation. Otherwise, it' s better to buy a house so that you have a house when you retire. 108
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@surajsharma-vb1no3 years ago Thought i am alone getting stressed about buying home in mumbai. 86
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@vivekparmar50293 years ago This quality content deserves atleast a million subscriber. 7
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@jackofhearts14143 years ago Who wants to stay in mumbai or other urban areas after retirement, i would prefer a country side. 81
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@vedangjanii3 years ago This guy provides some detailed and well established analysis. You will grow very big brother. 7
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@greensquirrel40193 years ago Money matters. Its hard for buying a house or an apartment and maybe if we buy it might not be our dream home. I' m 19, maybe within 5, 6 years i will have to move from my parents home and obviously renting is better. 10
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@vishal23833 years ago Why are indians not questioning this current inflation, on a mass level? 106
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@bhumilohar4243 years ago Your content is never boring
i just love watching your videos. 8
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@MickyOnline3 years ago I like how you showed yellow bar indicating that an advertisement is going on. 6
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@whatsup35193 years ago Could u please make a video about topics such as
hyper inflation
free colleges
different health care s minimum wage
private vs public. 28
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@hummingbird36913 years ago Man, i am 24 and make 1. 4 lacs a month after taxes. Still i believe that renting a furnished flat with all amenties like gym, sports is a better option. It is impossible to buy a house/flat in india. 7
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@neelamsumbrui5343 years ago Thank you mohit for making this video. I found it very relatable. I' m a millennial who recently bought a home because i have to work-from-home and . ...Expand 4
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@roshanantony643 years ago Boomers who say " pay emi instead of rent" are the same ones who saylelo beta bahut scope h" 62
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@koushikmaji79983 years ago Living in renting gives you the modern corporate worker lifestyle vibes, busy minded and quick adaptive attitude. Which i believe many millennials want to experience. 7
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@aryanbista48963 years ago I watch your videos from nepal.
it' s a shame many indians don' t because you' re providing some valuable information here and your video . ...Expand 2
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@bitcoinheist78313 years ago Living in city is not that good as it used to be.
now it' s proven that, we can work from anywhere, millennials are choosing small towns or there hometown. 60
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@worthit50643 years ago Its my first year of job and i spend 8 thousand out of 25 thousand on just petrol, electric bill and gas bill.
there' s no way i can buy house . ...Expand 46
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@shoaibmondal3 years ago Start-up entrepreneurs & youtube channels like ankur warikoo, asset yogi, finology, pankaj kamra, ca rachna helping our generation to be a better future. 13
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@kavinvyasasankaradhas55083 years ago Damn, segue to the sponsor was so smooth that even linus tech tips needs to learn a thing or two from you! 8
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@aanyaapandith26543 years ago I really like the style of your videos. You are my idol. Your videos are just awesome. It would be great if you make a video on how not taking the board i really love your videos, love from bangalore:. ...Expand 3
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@jayantrajshastri3 years ago I live in lucknow, tier 3 city and i haven' t had a place which i can call my home. So, instead of renting further, i will go for home. As you mentioned plus on home loan, one get tax rebates as well, 1500 exempt under 80c on principal amount & 2000 exempt on interest amount. So by the time i will be 40, i will have a home.
emi is just higher rent but at the end, you will have your own place and stability. ...Expand 4
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@samar47483 years ago Smart people buy home on loan and pay the emi from the rent. Technically its free money. Our company has done this many times. 35
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@shubhadasonwalker88243 years ago Also, buying a flat means you' ll have to pay property tax. And be responsible for its maintainance. That too the properties in mumbai, delhi have skyrocketing . ...Expand 3
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@_groundzero_3 years ago Amazing work bro. Especially your editing stands apart from all other content creators.
i' m a content creator myself and i do aspire and get keep going and more power to you buddy.
cheers. ...Expand
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@piyushbaraiya34753 years ago I want to see real estate sector suffer as hard asthat give me peace. Home is basic nassecity and they made it business. 17
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@sourabhdahiya25513 years ago Video editing is awesome and content is simple and well explained.
overall video is. 2
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@asifhussain4893 years ago At which software do you use for text effect??
Specially That background yellow colour
Coming on text while you speak 1
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@vaibhavprakash65923 years ago In bangalore, every new apartment is launched as luxury with high costs. Plus bbmp is unable to provide road, water to 10 yrs old apartment as well. 22
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@aquibansari39413 years ago Your production level is top-notch! I mean who is that video-editor you guys have got. Brilliant editing, amazing illustrations!
keep it up.
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@anuragyadav-jc8ym3 years ago The level of editing, research, lucid manner of explanation is surreal bro! It feels undeserving to watch it for free but thank you anyways for these amazing videos.
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@aalim76413 years ago Renting is a way better option in metro cities.
btw naya hairstyle accha lg rha bhai ke upar. 4
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@abhishekmahapatra90693 years ago Your youtube channel gonna rise more and more
this is called quality education which is indeed required, rather than those rot learning processes.
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@SakshiSingh-zf5ls3 years ago India also has unequal distribution of opportunities like in metro cities jobs are available like a lot but they have limited area
i guess their . ...Expand 20
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@rudrakshvora88193 years ago The animations and graphics in this video are a bit different from earlier ones. I liked these more. It feels like they are more smooth and fluent. 3
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@navneetsingh58553 years ago Thanks for prachi yadav for doing amazing research fot this video.
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@adolf83 years ago But another thing to consider.
rent prices are going up very higher in metro cities.
people are forced to stay in one room. 2
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@Johntreff3 years ago Informative video and kudos to the graphics team. What an awesome job done.
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@vinaymanjanekar91293 years ago Wow woow woowww thatss soexplained brotherr
i am definitely sure apka channel jaldi bohot bade keep making these types of video brother.
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@khatriji26143 years ago Live your content bhai
aise hi lge rho bhai. 3
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@rahulpudurkar73943 years ago The editing of your videos has improved drastically! Good job bro.
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@nishantshukla72553 years ago During a recession it is best time to invest in assets. That what by far history has showed us. 8
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@maadhav013 years ago If i won' t be a very rich in the future i would definitely rent a house rather than buying it because i don' t want to spend my whole life paying loans and not spending money on cool gadgets. 5
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@tamishgoyal59623 years ago I dont need to buy a house soon. But thank god my parents thought about this. 6
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@rajatkelgandre53193 years ago Soch matching the content quality of vox. Great work mohak. Looking forward to more.
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@rachelmatthew67713 years ago Good videos man, very informative! Keep up the good work.
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@pradipwaghela40453 years ago I am watching your video since long. Your video quality and content quality is improving keep it up.
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@arey.atharva3 years ago The editing of this video is on another level!
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@lakshmitharanath29482 years ago It took me 3 years to buy a house because of lot of paperwork and corruptions and that 4th year i was transferred to another city. Now only my mother id="hidden34" in law and father in law is living there. Me and my family is now living in rental house. ...Expand 2
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@sonakshi1623 years ago This channel makes case study on topics about which even thinking 5 lines is difficult. 3
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@AbhishekKumar-yg4xr3 years ago Guessing topic of your next video is really next to impossible for my mind. And intro of your video is of next level man. Kudos.
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@uditsharma74463 years ago Knowledge full and useful content to know about india. 2
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@drchips7483 years ago Wow. Really informative video dude.
keep it up.
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@iamajay33333 years ago This is really well edited. Kudos to the video editor!
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@anthonythangaraj73443 years ago Very good survey done and yours way of expressing is just too good boy!
keep it up dear.
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@anandprakashpathak25863 years ago It' s foolish to buy a 900 sq. Ft flat in a metropolitan area for amounts upto 40lakhs. Instead, people should invest in buying assets near their ancestral land. 29
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@nimisharaj85013 years ago I think we should move towards tier 2, 3 cities instead of delhi mumbai and banglore.
air water land is clean and green.
doing remote work, work from home or freelancing. 1
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@ganeshgajelly3 years ago The video, the video into and your new look, top notch bhaiya.
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@chimankarparag3 years ago Your video are getting more education, creative, are more interesting i always wait for your new videos.
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@ewwnique3 years ago Soch is getting better with their videos. Good luck.
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@Karthik-oq8ri2 years ago Bhai thanks. You bring thought provoking videos. The effort that gos to make such videos is clearly visible. And please bring more good content. Thank you.
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@deeznuts86243 years ago Well, if you think as a bachelor, co-living really a good think like my brother and his 3 friends rented a 2bhk apartment in pune for 14, 0. L it' s cheap if you think and also there are no capsule hotels in india for people, which would have helped a lot. ...Expand 3
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@Nykhyl9393 years ago Thanks for the news source link. Your video description is extremely helpful.
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@albertishu90663 years ago Very comprehensive video. Your content is always different and fresh. Great job.
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@amanannu0073 years ago You are doing a great work, your presentation skills are awesome and data you put is worth watching.