Staying on Rent is not so cool in India. There is always a pressure from family and friends to buy a home. The reason being home provided both emotional and financial support. It shows that you are settled in life. On the other hand, to counter this argument, viewers of this channel requested me to share the benefits of staying on rent than buying a home.
In this video, i discussed 10 benefits of staying in rent. One of the most critical benefits is flexibility. The flexibility in term of paying rent as per financial condition whereas EMI is always fixed. Secondly, you are very much mobile thus can avail each & every career opportunity coming your way.
Lastly, in case you are a tenant, you need not worry about financial aspect i.e. your investment is locked, maintenance & other charges, to sell the property etc. Moreover, in many cases, you may lose out on income tax front if you own a home.
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