المدة الزمنية 11:15

Why Indian Youth is NOT Buying Houses

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تم نشره في 2021/07/05

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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تعليقات - 1543
  • @
    @sochbymmمنذ 3 سنوات Download smallcase using this link!
    76
  • @
    @DriveWithVicky87منذ 3 سنوات 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
  • @
    @SaddamHussain-bu5clمنذ 3 سنوات 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 the couple/individual earning. 970
  • @
    @VishnuUpadhyay-op7lhمنذ 3 سنوات Soch always comes with topics that are completely unnoticed and are treated as general
    That's what everyone likes about soch
    287
  • @
    @dharmapersona2084منذ 3 سنوات The older generation has already occupied all the land of houses, so newer generation has to adjust in flats only! 2163
  • @
    @findingmyself2446منذ 3 سنوات 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
  • @
    @harshitjainb2منذ 3 سنوات 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 id="hidden3" class="buttons"> builders have looted common man from years now it's time to tell them we don't need your overly over priced flat that doesn't even lasts for 25 years. ....وسعت 481
  • @
    @kuchiumeshalekhya9229منذ 3 سنوات How diversified your content is! You're just amazing, I'm happy that I've found your channel! 192
  • @
    @ashukalakritiمنذ 3 سنوات These videos are really educative. Whatever topic, they explain things a lot and rely on studies 598
  • @
    @Greasyhairمنذ 3 سنوات In urban India 40% live in rental properties and 50% live in slums. 333
  • @
    @deepakkaul0085منذ 3 سنوات 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 id="hidden4" class="buttons"> to buy land or build their homes in cities due to high costs . It's also a trend that Metro's have seen a steady nmbrs of people moving back to their home towns after earning a good sum and tend to build there homes where it's still affordable to do so and live peacefully and with much cleaner environment ....وسعت 242
  • @
    @samarthpandey683منذ 3 سنوات Only one advice, never buy or invest in an under construction project in India, specially if it's in Noida 178
  • @
    @Kushagra.jمنذ 3 سنوات Renting is wayy better before coming to an age when you are stable. 565
  • @
    @aasimenatorمنذ 3 سنوات 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 id="hidden5" class="buttons"> of common people like us. 33 years ago my parents brought their first house for Rs. 2LACS, sold it for 85LACS 22 years later. No one would ever rent if the houses were affordable, and by affordable I don't mean sub-standard match box apartments they call "Smart Homes" ....وسعت 63
  • @
    @rocker66655منذ 3 سنوات owning a house isn't expensive , it's just that the Millenials are hugely underpaid and overworked. 266
  • @
    @kunalvarshney9927منذ 3 سنوات 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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    @thisisamime888منذ 3 سنوات I'm glad the situation in Chennai is not as severe as Mumbai 214
  • @
    @mohdghani7171منذ 3 سنوات Fact: Renting is more profitable
    Ultra Fact: Living in slum will make you billionaire
    217
  • @
    @pratapmishra5278منذ 3 سنوات 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
  • @
    @sanket.solankeمنذ 3 سنوات 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
  • @
    @HarshalDevمنذ 3 سنوات 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 id="hidden7" class="buttons"> from the video as the graphs and visuals help me create an image in my mind which further helps me to understand what Mohak is saying.
    Awesome editing man. Legit FAN <3
    ....وسعت 12
  • @
    @geomukkath5373منذ 3 سنوات 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 id="hidden8" class="buttons"> it. As time went by the prices started soaring sky high. I left Mumbai last year. I have shifted to a new city. My primary goal is to have my own home. It's not about the economics. If you are living in someone else's house you will never have the freedom to drill a nail without their permission. You cannot decorate it as per your wish too. Real estate is always a good investment to make. ....وسعت 68
  • @
    @nasirq7953منذ 3 سنوات 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 id="hidden9" class="buttons"> and doors which keeps insects, dust and noise away, other benefits such as excellent road infrastructure, good air quality, lower noise pollution, best in class salaries to expenses ratio) in USA or in any other developed country in a similar price of an apartment which you could get in major Indian cities. ....وسعت 40
  • @
    @udithمنذ 3 سنوات My parents are in their 40s, they both have Government jobs
    But still We are living in a rented house
    72
  • @
    @non-believer990منذ 3 سنوات Simple, overpopulation, uneven urbanization has lead to a shortage of residential land in this country. The nexus of land mafia and realtors artificially id="hidden10" class="buttons"> inflate prices, making it tougher to buy a good house. Government-aided 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 from OBCs(Jats,gujjars, patidars, yadavs ) and general (thakur, baniyas) have a monopoly over land resources, and you get a cess-pool of land starved people. ....وسعت 283
  • @
    @onlypatel8297منذ 3 سنوات 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 id="hidden11" class="buttons"> consider biggest sign of security shelter .back to basics roti ,kapada or makaan. ....وسعت 23
  • @
    @furiousroundon7101منذ 3 سنوات Steps to be followed:
    1) Planned Cities like Singapore
    2)Real estate and landbuy laws
    3)Buy Villas.
    51
  • @
    @nishantshukla7255منذ 3 سنوات Having your own house in city like Mumbai is still a dream for many. 26
  • @
    @VivekBabbarمنذ 3 سنوات Summary of the video : because the prices of houses are too high. 93
  • @
    @ashu9757منذ 3 سنوات Only like 4% earn more than 50k month and the house price is crazy in tier 1 and 2 cities. 26
  • @
    @abhinavdiddigam2330منذ 3 سنوات The main reason is the increase of price
    In Hyderabad, the prices for flats under 1500sft are itself 8000/sft and above and in 2000-2500 sft house id="hidden12" class="buttons"> takes minimum 1.1Cr just for the flat and what about furniture and home decor
    ....وسعت 21
  • @
    @SBH3356منذ 3 سنوات 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
  • @
    @surajsharma-vb1noمنذ 3 سنوات thought I am alone getting stressed about buying home in mumbai 86
  • @
    @vivekparmar5029منذ 3 سنوات This quality content deserves atleast a million subscriber. 7
  • @
    @jackofhearts1414منذ 3 سنوات Who wants to stay in mumbai or other urban areas after retirement , i would prefer a country side 81
  • @
    @vedangjaniiمنذ 3 سنوات This guy provides some detailed and well established analysis. You will grow very big brother . 7
  • @
    @greensquirrel4019منذ 3 سنوات 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
  • @
    @vishal2383منذ 3 سنوات Why are Indians not questioning this current inflation, on a mass level ??? 106
  • @
    @bhumilohar424منذ 3 سنوات Your Content is never boring
    I just love watching your videos
    8
  • @
    @MickyOnlineمنذ 3 سنوات I like how you showed yellow bar indicating that an advertisement is going on.. 6
  • @
    @whatsup3519منذ 3 سنوات Could u please make a video about topics such as
    Hyper inflation
    Free colleges
    Different health care system
    Minimum wage
    Private vs public
    .
    ...وسعت
    28
  • @
    @hummingbird3691منذ 3 سنوات 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
  • @
    @neelamsumbrui534منذ 3 سنوات 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 id="hidden17" class="buttons"> my child has to go through online education. A bigger home has become the need of the hour. ....وسعت 4
  • @
    @roshanantony64منذ 3 سنوات Boomers who say "pay EMI instead of rent" are the same ones who say "Engineering lelo beta bahut scope h" 62
  • @
    @koushikmaji7998منذ 3 سنوات 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
  • @
    @aryanbista4896منذ 3 سنوات 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 id="hidden19" class="buttons"> on increase stock market values despite decreasing economy was amazing.
    ....وسعت 2
  • @
    @bitcoinheist7831منذ 3 سنوات 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
  • @
    @worthit5064منذ 3 سنوات 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 id="hidden21" class="buttons"> in Chandigarh. Rent is my only option or my family house in hometown. Now i realize how much hard work my father did to build our home.
    ....وسعت 46
  • @
    @shoaibmondalمنذ 3 سنوات Start-up entrepreneurs & YouTube channels like Ankur warikoo, asset yogi, finology, Pankaj kamra, CA rachna helping our generation to be a better future 13
  • @
    @kavinvyasasankaradhas5508منذ 3 سنوات Damn, segue to the sponsor was so smooth that even Linus Tech Tips needs to learn a thing or two from you! 8
  • @
    @aanyaapandith2654منذ 3 سنوات 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 id="hidden23" class="buttons"> exam for 10th and 12th students of 2020 will affect the future of the students and how it foreshadows the educational system.
    I really love your videos, love from Bangalore:)
    ....وسعت 3
  • @
    @jayantrajshastriمنذ 3 سنوات 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 id="hidden24" class="buttons"> EMI to RENT Ratio, in Lucknow a rented flat will cost me atleast 10000 INR and if I take a loan of 30 lacs, for 15 years, at 7% interest rate then, it will cost me around 24000 inr as an emi and 30 lacs in Lucknow is good enough to make a home on 1000 sqft. Finally I will have a piece of India under my name as well. Which will enable my future generations to be even better. Spending 24000 inr instead of 10000 inr is a better deal and the loan will be payback within 10 years or 9 years.
    Plus on home loan, one get tax rebates as well, 150000 exempt under 80c on principal amount & 200000 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.
    ....وسعت 4
  • @
    @samar4748منذ 3 سنوات Smart people buy home on loan and pay the EMI from the rent. Technically it’s free money. Our company has done this many times. 35
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    @shubhadasonwalker8824منذ 3 سنوات 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 id="hidden25" class="buttons"> prices. Which, may never be resold.While, Renting allows tax benefits without any major responsibility. ....وسعت 3
  • @
    @_groundzero_منذ 3 سنوات 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 id="hidden26" class="buttons"> inspired by your work.
    Keep going and more power to you buddy.
    Cheers
    ....وسعت
  • @
    @piyushbaraiya3475منذ 3 سنوات I want to see real estate sector suffer as hard as bankruptcy. That give me peace. Home is basic nassecity and they made it business. 17
  • @
    @sourabhdahiya2551منذ 3 سنوات Video editing is awesome and content is simple and well explained ..
    Overall video is
    2
  • @
    @asifhussain489منذ 3 سنوات At which software do you use for text effect??
    Specially That background yellow colour
    Coming on text while you speak
    1
  • @
    @vaibhavprakash6592منذ 3 سنوات 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
  • @
    @aquibansari3941منذ 3 سنوات Your production level is top-notch! I mean who is that video-editor you guys have got. Brilliant editing, Amazing illustrations!
    keep it up
  • @
    @anuragyadav-jc8ymمنذ 3 سنوات 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.
  • @
    @aalim7641منذ 3 سنوات Renting is a way better option in metro cities.
    BTW naya hairstyle accha lg rha bhai ke upar
    4
  • @
    @abhishekmahapatra9069منذ 3 سنوات Your YouTube channel gonna rise more and more
    This is called quality education which is indeed required, rather than those rot learning processes.
  • @
    @SakshiSingh-zf5lsمنذ 3 سنوات 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 id="hidden31" class="buttons"> should be more development in smaller towns n cities so that people can have both secure house n jobs
    ....وسعت 20
  • @
    @rudrakshvora8819منذ 3 سنوات 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
  • @
    @navneetsingh5855منذ 3 سنوات Thanks for Prachi Yadav for doing amazing research fot this video. ✨
  • @
    @adolf8منذ 3 سنوات but another thing to consider.
    rent prices are going up very higher in metro cities.
    people are forced to stay in one room.
    2
  • @
    @Johntreffمنذ 3 سنوات Informative video and kudos to the graphics team.. what an awesome job done
  • @
    @vinaymanjanekar9129منذ 3 سنوات Wowww woowww woowwwww thatssss sooo amazingggllyyyy explained brotherrrr ❤️❤️
    I am definitely sure apka channel jaldi bohot bade ❤️❤️❤️ keep making these types of video brother .
  • @
    @khatriji2614منذ 3 سنوات Live your content bhai
    Aise hi lge rho bhai
    3
  • @
    @rahulpudurkar7394منذ 3 سنوات The editing of your videos has improved drastically! good job bro
  • @
    @nishantshukla7255منذ 3 سنوات During a recession it is best time to invest in assets.That what by far history has showed us. 8
  • @
    @maadhav01منذ 3 سنوات 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
  • @
    @tamishgoyal5962منذ 3 سنوات i dont need to buy a house soon. but thank god my parents thought about this . 6
  • @
    @rajatkelgandre5319منذ 3 سنوات Soch matching the content quality of Vox. Great work Mohak. Looking forward to more.
  • @
    @rachelmatthew6771منذ 3 سنوات good videos man, very informative!! keep up the good work
  • @
    @pradipwaghela4045منذ 3 سنوات I am watching your video since long. Your video quality and content quality is improving keep it up
  • @
    @arey.atharvaمنذ 3 سنوات The editing of this video is on another level !!
  • @
    @lakshmitharanath2948منذ 2 سنوات 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" class="buttons"> in law and father in law is living there. Me and my family is now living in rental house ....وسعت 2
  • @
    @sonakshi162منذ 3 سنوات This channel makes case study on topics about which even thinking 5 lines is difficult 3
  • @
    @AbhishekKumar-yg4xrمنذ 3 سنوات 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
  • @
    @uditsharma7446منذ 3 سنوات Knowledge full and useful content to know about India . ❣️❣️ 2
  • @
    @drchips748منذ 3 سنوات Wow. Really informative video dude.
    Keep it up
  • @
    @iamajay3333منذ 3 سنوات This is really well edited. Kudos to the video editor!
  • @
    @anthonythangaraj7344منذ 3 سنوات Very good survey done and yours way of expressing is just too good Boy!!
    Keep it up Dear
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    @anandprakashpathak2586منذ 3 سنوات 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
  • @
    @nimisharaj8501منذ 3 سنوات 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
  • @
    @ganeshgajellyمنذ 3 سنوات The video, the video into and your new look, top notch bhaiya
  • @
    @chimankarparagمنذ 3 سنوات Your video are getting more education, creative, are more interesting I always wait for your new videos
  • @
    @ewwniqueمنذ 3 سنوات Soch is getting better with their videos. Good luck.
  • @
    @Karthik-oq8riمنذ 2 سنوات 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.
  • @
    @deeznuts8624منذ 3 سنوات 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 ₹14,000 . Ld="hidden38" class="buttons">ike it's cheap if you think and also there are no capsule hotels in India for people , which would have helped a lot ....وسعت 3
  • @
    @Nykhyl939منذ 3 سنوات Thanks for the news source link. Your video description is extremely helpful
  • @
    @albertishu9066منذ 3 سنوات Very comprehensive video.your content is always different and fresh.great job.
  • @
    @amanannu007منذ 3 سنوات You are doing a great work, your presentation skills are awesome and data you put is worth watching