Thanks for this great video 3 - The max cost of the house, times your annual CTC. If you earn 10L, max cost of your house should be 30L 20 - The max tenure of the home loan 30 - Total EMI per annum should not be more than 30% of your CTC. 40 - minimum % that you must down pay for your house.
@SUBRAMONEYPV Жыл бұрын
Thanks for sharing!
@brijmohanbalakrishna3 жыл бұрын
Sir am impressed.... Am a banker but you have explained it so well...Good work...
@SUBRAMONEYPV3 жыл бұрын
Thanks and welcome
@karthikl19823 жыл бұрын
Agree with you that not to own a house till 50 55 .👍
@adityatiwari46982 жыл бұрын
Never watched your video sir. But fortunately my purchase satisfies your 3/20/30/40 rule.
@VinitKhandelwal3 жыл бұрын
Asked for it yesterday. Already got it. Thank you!
@baskarv903 жыл бұрын
Been asking forever.. Wonderful video.
@SUBRAMONEYPV3 жыл бұрын
please share it!
@SUBRAMONEYPV3 жыл бұрын
Hope you like it! please share!
@njworld71703 жыл бұрын
Person earning 60 lakh/ annum no need of any formula....
@lakshmitejas1685Ай бұрын
You don't know how such people live paycheck to paycheck. Also end up bankrupt too
@fishy05813 жыл бұрын
Thank You always for guiding us with your experience. .. Please also educate us on Rent vs Buying House ....
@Raktabij2 жыл бұрын
Very logical calculation ...m following since long....glad ..someone is explaining ...for common man...if u remove emmotion frm practicality...its make a lot sense....just to make it faster is...increase ur income ...by any mean....
@baskarv903 жыл бұрын
Good one sir.. Infact preclosure is never a good choice. We do all the hadwork by paying major emi as interest in the initial 7 years of 20 year loan, and then the principal component increases much. Better to invest the surplus cash in psu/govt bonds.. Though it would be 1.5% less than home loan %, 20nyears later atleast 50% of preclosure corpus will be left. If invested in equity, then a bumper
@sandeep77193 жыл бұрын
This channel is for doctor to buy home😉😉 please explain for noraml middle class family for also
@GauravSharma-mi3xm3 жыл бұрын
Agreed 👍
@thefootballspark41152 жыл бұрын
How bro? Just reduce the numbers as per your salary. Doctor salary was just an example
@MrShreejoy2 жыл бұрын
Agreed. Pls Subramoney give it for normal middle class people
@vinodu18252 жыл бұрын
Big joke
@sanju97432 жыл бұрын
Agreed 😂
@TonyStark-st1us3 жыл бұрын
Great knowledgeable information
@kiranjoshi10003 жыл бұрын
One of the best advice received Thank you 🙏🏻
@SUBRAMONEYPV3 жыл бұрын
You're so welcome!
@niteshkhetan97573 жыл бұрын
Best advice...very practical
@beautifullife14703 жыл бұрын
Awesome rules sir. Thank you for giving precious advice
@vbnandu8673 жыл бұрын
Only people who have been kicked out of rental homes know owning a simple 1bhk is better sometimea
@aruldos486973 жыл бұрын
If having 80 lakhs definitely will invest in good values and growth stock, will create wealth on that, where later I can buy house in ready cash.
@prakashkumar903 жыл бұрын
It is my dream to have an own house which is very emotional one and also I have drafted a plan post covering my Financial basics which includes enough Term insurance, Health insurance, 12 months emergency corpus, monthly SIP for Child's higher education & my retirement corpus. My numbers required for a house fits into all your rule except 40% down payment. I may need to wait more years then but from emotional stand point and the timeline I set, don't think I can wait till 40% down payment corpus being built. Well, I may take a calculated risk here since my current income flow takes care my Financial BASICS well enough.
@pkprprempavankumar8749 Жыл бұрын
short and sweet, ji u r best at demystifying 🙏
@sureshlalwani410Ай бұрын
Thank you Sir
@pranaykundu30793 жыл бұрын
3/20/30/40 actually doesn't make sense. Either you put a cap of 3 times your CTC and do a down payment of 40% or you take a loan for about 20years where you pay emi about 30% of gross salary and that decides your total house cost. The rule in complete makes no correlation and actually is confusing!
@atribose51733 жыл бұрын
I was in fact thinking about this same thing.. Not sure how if this can be logically explained...
@varunpaliwal18603 жыл бұрын
Great information and beautifully explained! Thank you.
@SUBRAMONEYPV3 жыл бұрын
You are so welcome!
@smva.n3 жыл бұрын
Beautiful message sir. Really useful. Thank you for your advice ! 🙏
@SUBRAMONEYPV3 жыл бұрын
Thanks and welcome
@abinashsahoo93893 жыл бұрын
Thanks for this meaning full video 🙏
@SUBRAMONEYPV3 жыл бұрын
Most welcome 😊
@legoinsan3 жыл бұрын
Thank you for this video sir.
@yusufkk36162 жыл бұрын
Don't know to laugh or cry after watching his suggestion
@sachinkumar-ly6cb Жыл бұрын
Thanks sir
@SUBRAMONEYPV Жыл бұрын
Welcome
@abhishekbais29282 жыл бұрын
Thanks for the information 🙏
@sudhansusekhar23372 жыл бұрын
As per his context only doctors should buy house, corporate employees are not good enough...😬
@vikram12622 жыл бұрын
He's right
@sudhansusekhar23372 жыл бұрын
I don't think so...
@vikram12622 жыл бұрын
@@sudhansusekhar2337 the statement to type is "i don't think"
@sudhansusekhar23372 жыл бұрын
@@vikram1262 please consult with your English teacher, seems like you have skipped so many classes in your school
@ankitvishwakarma58973 жыл бұрын
Finally found meaningful rule
@abhimanyudubey60003 жыл бұрын
Would be wonderful to know your opinion about education loans taken by young professional's Sir
@alexkoshy013 жыл бұрын
Thank you sir. This was very informative.
@SUBRAMONEYPV3 жыл бұрын
Glad it was helpful!My pleasure. Please share!
@sandysarker Жыл бұрын
The 40 part is tough for many
@SUBRAMONEYPV Жыл бұрын
this is ideal. If a parent subsidizes it may be possible. Or start with a worse ratio...and sell off some other assets and increase the contribution...
@karthisubramaniam80553 жыл бұрын
Thank u sir Super post
@SUBRAMONEYPV3 жыл бұрын
Welcome
@amitpower94553 жыл бұрын
Subscribed🙏🏼. Dr Amit
@SUBRAMONEYPV3 жыл бұрын
My pleasure. Please share!
@rajatkholiya3 жыл бұрын
1980's rule need to be modified..as time changes..can't follow all thing as it is. Some points are good, some point need to strike down. Change is the law of nature.
@vinodu18252 жыл бұрын
If we can squeeeze those who get this much pay i think housing rates will come down its own...
@vivekgupta11243 жыл бұрын
The very first rule -3 will make house buying impossible in Mumbai 😀
@harshaljoshi27843 жыл бұрын
True
@chahem2 жыл бұрын
Exactly
@sachinkharshikar88503 жыл бұрын
Somebody gives you money @7% take & invest wisely why 40% down payment when my investment earns more should take 100%loan
@vidhantiwari33143 жыл бұрын
Please share trend to adopt for buying a good house by a middle man..... Not for those who earns 20 lakh an year....
@subhabratadas16253 жыл бұрын
Should we repay the loan? During the video conflicting ideas were described. So please clarify regarding loan repayment.
@Ammiiye3 жыл бұрын
Sir i m into my 20s... Since this November... . Is balanced advantage funds are good enough for financial independence if i will investment my 12.5 times of annual expenses... (considering my annual expenses 6 lakhs after 5 year from now) .???? Could it last for next 35 years...
@pankaj98887410543 жыл бұрын
Thanks for sharing! I do have one question, why max 30% EMI rule. My EMI is 50% of the income and as I kept my loan tenure to 5 years. So that my interest portion should be less. In my case I am still learning about equity market so don't want much exposure to that. Is there any other reason for 30% rule which I am missing?
@SUBRAMONEYPV3 жыл бұрын
Good question! if you can live on 30% of your income that is fine. There are people who are confident of their investing skills - so for them rules can be different too...
@pankaj98887410543 жыл бұрын
@@SUBRAMONEYPV thanks Sir
@sharabeshj11773 жыл бұрын
Good calculation. Will be useful for my future 👍
@PhysicsWithMeRAHULAMINsir2 жыл бұрын
60 lac salary if thay save 45lac per year and after 3 year thay buy easily 1.35 Cr House
@Berlin-rb8tf3 жыл бұрын
Correct
@kabirnayak94252 жыл бұрын
I follow simple theory, my house and car shall not worth more than 5 percent of my net worth
@mohammednausheed49892 жыл бұрын
Then 99.9 percent ppl wont own a house in India
@sheru98842 жыл бұрын
🙏
@anandraghavan70542 жыл бұрын
I am planning to sell my flat and don't wish to re-invest in new property. To save the capital gains tax, is investing in National Highways Authority of India and Rural Electrification Corporation Limited a good option or do you think it is better to just pay the tax
@sriram89ramakrishnan3 жыл бұрын
Sir, do you believe everyone watching your video earns 30 lac ctc?
@SUBRAMONEYPV3 жыл бұрын
About 1000 of them surely do.
@sriram89ramakrishnan3 жыл бұрын
@@SUBRAMONEYPV If so they will be investing in Marcellus, not watching your free video. And sir, if you know how to handle these funds, you will be a private fund manager, not a free youtube video maker. So thanks.
@gautamchoudhury89772 жыл бұрын
Sir talk for common people please. 60 lac/per year he or she is king 🤴for me
@srinivascnp3 жыл бұрын
Sir I find this 30 year rule very impractical
@daganinoel4513 жыл бұрын
sir explain how the rules is fixed.
@chandansr3 жыл бұрын
Repay with weaker rs with inflated market.👏👌
@lillak80592 жыл бұрын
sir how much loan should take as per salery?
@ArvindBhave3 жыл бұрын
What is CTC?
@sriharans41892 жыл бұрын
The income he mentioning is before tax or after tax
@SUBRAMONEYPV2 жыл бұрын
before
@anirbanghosh43413 жыл бұрын
Good morning sir..I am 27 and working in SBI..I have a gross CTC of 10 LPA..and we get subsidised interest rates being the employee of the bank..how much can I afford to buy a flat/house..
@mailmeabhilash2 жыл бұрын
Max 3L of loan per year. How much discount are you getting?
@gururajvinekar86102 жыл бұрын
Quick doubt sir 3 - does this mean that house price shouldn't be more than 3 times of the CTC or the loan amount shouldn't be more than 3 times of the CTC
@SUBRAMONEYPV2 жыл бұрын
fine line - 3 times ctc does not work in India unless you are earning at least 75L
@sandeep77193 жыл бұрын
If middle class family ur rule no can buy house and build😂😂😂😂😂
@1988pmum3 жыл бұрын
Dear Sir, I need some clarification and guidance here. If we keep 64 Lakhs in lumpsum SIP Mutual Funds for 20 years, with a 15% CAGR, it would be roughly 10.5 crores. However, if you take a home loan of 1.5 Crores on a 1.6 Crore house @ 6.75%, for 20 years the total interest would be roughly 1.24 Crores. The EMI would be 1.15 Lakhs. Also, I intend to stay in that house in 2 years. I presently pay a monthly rent of 60,000 which I will divert towards EMI. So, in net terms my EMI burden over my current housing expenses is reduced to 55,000 a month only. I assume my rent would increase at a minimum of 5% p.a throughout this 20 years. On the otherhand, if I pay 65 lakhs (40% of 1.6 Crore) and take a 95 Lakhs loan @ 6.75%, for 20 years, the total interest would roughly be 78 Lakhs. I would have saved 45 lakhs over a period of 20 years. That over a period of 20 years would be 18,750 per month. Assuming we do a SIP of that amount for 20 years @ 15% CAGR that gives us a total return of 2.5 Crores., My net difference against my present rent would go down to 12,000. That would lead to a surplus of 43000 per month (55000 - 12000) which in a SIP for 20 years @ CAGR of 15 percent gives us 5.7 Crores, In light of the above, would investing 64 Lakhs in lumpsum and paying off higher EMI not be a more economical approach?
@debu982 жыл бұрын
Switch your work location to some cheaper place.. And purchase land in a not so costly area, While being assured of Electricity, Water, Gas supply in that area.. Build a nice home as per your need.. That would be the best way.. Buying a 2BHK in Noida from Godrej, Tata like builders will cost you near 2 crore(Excluding Bank Interest and additional charges)..
@Usha81993 жыл бұрын
This video was a joke for me. Neuro surgeon with a working wife earing equally as u.. 60 lakhs per annum salary.. Wow....
@Vengeance7033 жыл бұрын
Make video for middle class people.
@suhasjamdar70242 жыл бұрын
60 L per annum????
@pinkynandi88943 жыл бұрын
Sir i am 34yrs age I earn 1.3cr but I have a bussiness I don't pay any tax How much cost my home should be
@dramangupta8204 Жыл бұрын
4 Crores ...... not more not less
@thechicgirl4512 жыл бұрын
Talk for the middle class the upperclass doesnt need your advice
@MrAnupnyk3 жыл бұрын
Can you explain the rationale behind buying house at 55? Also how should someone fund the purchase at that age?
@mohammednausheed49892 жыл бұрын
He is telling to save the total amount by that time. Buy it without any loan
@rajivsingh1793 жыл бұрын
Pls 🙏
@shaileshagrawal49143 жыл бұрын
Can't thank you more
@kishore38742 жыл бұрын
60 lakhs PA. HAHAA. We live in India not USA.
@rajivsingh1793 жыл бұрын
Honestly.. Useless👎
@OishikSarkargplus3 жыл бұрын
This man is really rich, always taking about big figures. Hardly 20% of Indian comes in that 30-60Lakhs Annum Income group, what about others? What about other expenses, other responsibility, highly rising inflation, bank hidden charges etc? Sorry your tips are useless and doesn't belong to reality.