An investor from Bangalore questioned the mindset of the middle class. Said, there has been no change in the priority of the middle class for 50 years. His statement has sparked a new kind of debate on social media.
New Delhi. Who does not wish to become rich, but only a few are able to fulfill this dream. Especially for the middle class people, fulfilling this dream is as difficult as climbing Mount Everest. A billionaire told on social media why a middle class man always remains in the middle class. He is never able to move towards becoming rich. When the billionaire posted this on social media, a war broke out among the users. Some are calling it nonsense while others see the truth in it.
In fact, Bangalore-based investor Kiran Rajput wrote on Twitter that the desires of the middle class have not changed in the last 50 years. Even 50 years ago, a middle class man dreamt of owning a house and even today, the first thing he desires is to build his own house. For this, he takes a huge loan and then spends many years repaying the loan. This is the biggest reason why a middle class man is never able to move beyond his liabilities.
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Another veteran taught him a lesson
CEO of GreyLabs AI Aman Goyal reacted to Kiran Rajput’s tweet and explained the benefits of having your own house. He wrote, ‘Nothing can be worse than your landlord throwing you out of the house just because someone else is paying him 10 percent more money. You people should not listen to such people and keep moving towards fulfilling your dream of living under your own roof. Just avoid getting trapped in the debt trap.’
The user said- home gives peace
A user who jumped into this debate said, a house does not mean only money. It gives you peace. If you lose your job or the market crashes by 60 percent, in any crisis you will have a place to live. A user wrote, ‘People who live in rented flats know the importance of a house. It gives mental peace, which cannot be seen from the perspective of returns in percentage.’
Crores of funds from home money
One user wrote that you cannot go ahead to buy your own house in the city without getting trapped in a debt trap. Another user wrote, it is always better to live on rent. There is less risk in this and you can raise funds worth crores from the money you invest in buying a house. I am currently doing the same and there is no problem in living on rent. I am also getting a return of 10 to 12 percent on my money.
Tags: Bank Loan, Business news, EMI, Social Media Viral
FIRST PUBLISHED : August 10, 2024, 18:47 IST
