This Tenant Got Richer By Paying A Rent Of ₹1.1 Crore | The Tenant

In this episode of The Tenant, meet Samar Srivastava, a financial writer residing in Mumbai's upscale Nepeansea Road area. Samar shares his journey of moving to Mumbai in 2010, initially renting due to uncertainty and high real estate prices. Despite considering buying a home, he found the market daunting and prefers older buildings for their character. Samar discusses his experience renting a sea-facing apartment and why he ultimately stopped valuing the view. Tune in to watch the full episode
#realestate #tenant #mumbai
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[@gk9670]

It was very well done interview. The interviewee was a gentleman. Loved listening to his point of view. He definitely made enough and is quite proud of his decision. God bless him and his family.

[@conradpinto]

So many butthurt real estate fanbois here hating on Samar lol. Jalan hai toh neosporin lagao. This guy is living his best life and generated more returns in 10 years from equity than your real estate assets would return in your lifetime.

[@ruchishinde5194]

Samar's decision of not buying home immediately and waiting out is a pragmatic approach. He is letting his money work for him through equity investments and few years down the line he would be in a position to buy a home without a hefty loan. Many people don't get this because they think paying huge interest in loans is okay, when it's actually not. When it comes to buying a property, you need to take a rational decision instead of following the "herd" mentality. Remember, don't bite off more than you can chew.

[@AnkitPatel-jg1fw]

You say as if equity investments are bound to keep giving such returns. Oh maybe you haven’t studied market cycles or what could go wrong. And when it goes wrong it could stay wrong for decades. Take for eg Japans Nikkei index. Took 30 years to reach back its peak. We have recency bias which suggests stock markets recover quickly and always go up. Also, i do not mean to say real estate will do well. However, point is to diversify and having home under your belt as soon as in life is what I believe provides mental comfort to then take risky bets

[@ruchishinde5194]

@@AnkitPatel-jg1fw Where did I say one shouldn’t diversify? Stop making assumptions about unknown strangers on internet. I’m entitled to an opinion as you are and if you don’t like it, please move ahead. Buying home doesn’t mean you make the bank rich by paying humongous interest. Some people pay interest for years to the bank even before they start paying principal amount. This is just my 2 cents. Take it or leave it. 🤷‍♀️

[@godbole2090]

Good explanation.

[@shilpagupta2557]

Wish the episode would have shown his thought process behind converting the servants room into a study instead of store room, puja room or anything else. .... beautiful house, love the less furniture look

[@sravankumar8763]

We need more educated people like these, so we can earn who invests in real estate in next 5 to 10 years. please do this for next generation too and end up in poverty

[@tanyasingh3118]

The house is spacious and the book collection is huge

[@RamMohammadJosephKaur]

Vishal is hellbent on tenants buying a home.

[@neodro4831]

Very true!

[@vishalbhargava5400]

No. I’m just curious on their financial strategy when they are paying big bucks on Rent

[@96hitesh]

What a fabulous episode!

[@0124ME]

One of best episode of this show 👍

[@aprilfool3240]

Come out of Mumbai...That will be your best investment overall

[@surenkhalsa]

Would be more interesting to learn how does a financial journalist be able to afford such place..

[@SuperMaverickM]

Business Journalism is a niche space. Global media outlets do pay quite well as compared to what standard journalists make.

[@fortlee69]

You have missed the most important point! THe extra income from investments will be far more than what the journalism income is! The extra income is possible because he has capital which was not deployed in buying a house and having capital blocked. In my opinion the return from buying a house would have been around 5% at best and the reurn from investment about 15%. That makes a difference of 10%. On Rs 2.5 Cr of capital, that works out to Rs 25 Lakhs extra per year. In 10 years that is Rs 2.5 Cr. All salary income is over and above that! Very smart tenant!

[@uchil9118]

Vishal and the tenant look like they are related.

[@RJ05079]

Good episode!

[@rehanmomin1760]

These are all selfish decisions. When you take family into consideration you must make sure your family have a roof on their head even if you are not around as they wont be able to manage finances as good as you were. And you must delay all the gratfication as much as possible. Living in luxury now just because rent is low will change your family habit in a long run. I also had the same mindset but thank god I changed my mind and bought a home in Navi Mumbai. I am more relaxed now. I am planning to close my Loan ASAP and then will start investing without any fear. Dont fear of starting late if you hear this finance guru you are always late to investing. so just ignore them.

[@RJ05079]

Any suggestions regarding good areas in navi Mumbai ?

[@Milkyway248-p4h]

Renting is best. Trust me this is from someone who has 90% of assets in real estate. You are stuck and lose a lot of opportunities. Focus on lifestyle. Give to your children same focus. Buy only if your issue is nasty landlords.NOT fir financial reasons

[@ghostwhowalks2324]

This apt is worth alteast 8 crores. He is going to hate it when he has to move.

[@Ankitjaiswal-hd7pv]

8 crores are nothing for him. His salary would be 2 cr per annum.

[@BollywoodBabuOfficial]

@@Ankitjaiswal-hd7pv The Deputy editor salary at Forbes is around $95k to $127k in New York, this will not be the same salary for Indian employees but even if you take the higher side $127k it comes to 1.01cr.

[@Ankitjaiswal-hd7pv]

@@BollywoodBabuOfficial bro take experience into consideration. He has 14 yrs of experience which is high.

[@rawkerboi]

@@BollywoodBabuOfficial you are forgetting his other income from Dividends, Equity, Interest Income etc

[@venkateswararaodevisetti8684]

Buying a house for making rental income ==> is not a good idea Buying a house for self usage purpose If we have clear plan where we are going to settle ==> is a good idea Buying a house at the launch state and sell it when the position happens ==> is also good idea as long as builder is good and if we are not buying over priced

[@Vi-xs9ht]

Smart move, by putting his money where he makes it work for him. The way he is going he might end up buying the whole building a few years later.

[@amansinha24x7]

Didn't expect a Srivastava to make such immature decisions 😂

[@arvindkhungar3056]

smart kid ....

[@ShoeDesign-r1l]

Y we offended if someone say Mumbai or Bombay , it's what one likes to say... U can't force people to say what u like.... Btw Mumbai or Bombay both sound good.. Lets call it Mombay, mother or financial freedom😅

[@thewhatorwhy]

Moonbay or Moon Bay!

[@colleencarvalho4970]

Such a fool, rent is a waste, buying is the best

[@bigwealthIndia]

Samar is a big fool

[@fortlee69]

Financial analysis will indicate that you are the bigger fool! But why get into an agrument about that!

[@outbackandabout]

Irritating guy... such kids often get beaten at school.

[@thewhatorwhy]

Not surprised to see this complaint about an intelligent and well read man from an average Australian.

[@zacsmithful]

​@@thewhatorwhy he is not an Australian and he finds everyone irritating

[@thewhatorwhy]

@@zacsmithful How do you know?

[@zacsmithful]

@@thewhatorwhy i checked out his recent comments and every comment says irritating guy😁 and the way he writes is very indian 😁

[@outbackandabout]

@zacsmithful you're right on both accounts Sir/Madam. I'm an Indian and I find everything irritating including but not limited to you. But for what it's worth.. at least 4 people seem to agree with my original comment.

[@chiranjeev4804]

Some people say dat this is a smart move.. I don't feel so. He says that he has spent almost 1.1 crore in rent in the last 12 years dat is from 2012 till now. If talk of Suburbs like Goregaon and Andheri, in 2012 2 bhk flats were between 60-70 lakhs price range. If he would have taken a home loan and bought it.. Today it's value would have been close to 2 crores. He talks about equity returns, but are they fixed? Market fluctuates. There is no guarantee. And if u are in your 40's having family and kids u need to think a bit conservatively. In start of the video he said in South mumbai property appreciation is not dat much which I agree. But suburbs like Andheri to Borivali is growing.. Property appreciation is at its peak! Many redevelopment projects are also coming up.. So I personally feel he has not made a wise decision by not buying a property. Dats my opinion.

[@shubhang722]

Why will he buy in Andheri if he intends to stay only in napean sea road. Does this comment even make sense. Not everyone has the time and energy to flip houses for investment. Passive investment is better for them as flipping houses requires one to have good real estate knowledge

[@chiranjeev4804]

@@shubhang722 I am talking in terms of return on Investment. He is talking about equity returns beating real estate returns. But it's only true in case of South mumbai properties and in an area where he is staying. Mumbai suburbs have given good returns on investment in last 12 years. Staying in South mumbai is a personal choice. I am not questioning his preference of staying on rent in South Mumbai.

[@conradpinto]

You completely skipped the part where he said he wants to stay in SoBo due to daughters school. Andheri and Goregaon isn't an option for all!

[@conradpinto]

Rather invest in something that he can liquidate quickly. Even new areas like Wahal and Ulwe are overpriced right now. 50 lakhs for a 1 bhk. Real estate is one of the biggest scam as an investment

[@chiranjeev4804]

@@conradpinto Agreed.. Equity markets provide liquidity. But come with high risks!your 4x Or 5x return can get wiped off instantly. It's better to diversify your portfolio and invest wisely

[@Happysoul_3]

Why such titles on Money control creating an illusion that if you are slurging money on rent then you are getting a good ROI of your miney 😂😂

[@LuckyMaverickK]

Do they get sham calling the city by it's true name ? Or can't even the interviewer encourage to do so ?

[@aosaeanor]

No big deal using Bombay or Mumbai alternatively . Centuries of history is attached to the name Bombay. This area was never in its history Mumbai. This big city was created joining islands & reclaiming land from the sea. This was done by the Colonial rulers , not the small scattered hamlets of fishing communities that existed here before the colonial rule

[@0124ME]

What’s the problem in saying “Bombay “ it’s his choice

[@NoName-bb2pu]

​@@aosaeanorhe has a Shivaji manhoosraj and Raj Chaatrey photos for worship at his home, forgive him

[@nikhilka8015]

@@NoName-bb2pu yeah u ahsamed of ur name and identity , u r ashamed of ur community as well 😂😂😂

[@nikhilka8015]

@@0124ME Mumbai is named after centuries old temple Mumba devi temple , get it ?!

[@SingaporeBuilds]

Move out , if u dont want to be in veg area. Dont crib.

[@birajpradhan6405]

LETS GO TO CANADA BOYS .

[@SD_003]

Very sensible person. I myself have purchased one in 2011 and can totally agree with him, investing would have been better. Mind you I closed the loan in 10 years and house price has gone 2.3X But simple index fund investment would have given way better returns. And I would have more than enough capital to buy this house cash down now and some more

[@rawkerboi]

Butt hurts orthodox people crying in comments. Just check the sensex at 2012 and now, you will get the idea how much his equity portfolio is..

[@BENZENE6K]

What about people invested in hdil and reliance mobile?

[@rawkerboi]

@@BENZENE6K Only fools invest in such stocks. The guy is financial writer so obviously he is invested in Blue Chip stock

[@shivkumar36]

It looks like a good Home, has all the needs and comforts but with lots of warmth and no show off stuff. Loved this guy's outlook.. Would be a great guy to sit and chat!

[@salimahmed9016]

Educated no-nonsense person.

[@Uneducatedopinion57]

Guys he is loving in one of the most premium areas not just in mumbai but all of India, it is very difficult to justify a purchase in this area if you can get a good rental price And let him decide for himself what he wants, why does everyone in the comments want to give him free ka gyan ? How many of you can even have the capacity to rent in the same area ?

[@fwefhwe4232]

that area is expensive but not premium. The quality of life you can have in tier 2 cities with say 3 lakh rs a month is FAAR BETTER than what you have in mumbai / delhi. Quality of roads, better fine dine restaurants, DPS schools are better, larger, cheaper, larger apartments with amenities, etc/

[@sd51847]

If you put it in public domain, you are asking for free ka gyan. Equally people will express opinion if they don’t agree with the lifestyle or choices he is depicting.

[@Uneducatedopinion57]

@@fwefhwe4232 that makes no sense

[@Uneducatedopinion57]

@@sd51847 just because he came on a public domain does not mean people should start judging his choices, it’s because they can post anonymously If you go by money as a marker of success he is probably doing better than the 99 percent of people giving him free ka gyan

[@fwefhwe4232]

@@Uneducatedopinion57 whats hard for you to understand ? I live in Indore and the quality of roads (all concrete), quality of apartments, fine dine restaurants, schools, etc is much better for the same amount. Not to mention 70% of the population doesnt live in slums in Indore. Pls dont assume every Indian city is like mumbai. We dont want to be haha.

[@mediahost2243]

Same approach to not buy till I’m 40 and then fix a place where I would live

[@ajeyingole7733]

he write about finance in Forbes India

[@ag3463]

Samar doesn't make sense! if he was looking for home to stay himself then the fact that there hasn't been any appreciation should have nothing to do!

[@versaillesthomas]

Smart move! Equity since 2010 has given more than 10x if invested smartly. Glad Samar didn't bite the 'emotional' bullet yet...

[@AnkitPatel-jg1fw]

Accha 10x. Waah re mere Warren buffet

[@thewhatorwhy]

Thank you for speaking about how impersonal and DEAD the gated communities are. Only horrible people choose to live there.

[@fwefhwe4232]

lol salty.

[@thewhatorwhy]

@@fwefhwe4232 your mom's hoohaa is.

[@prestigeflightyoutube]

1.7 lakh rent per month? Just buy or find other houses

[@DeepSukhwani]

Why talk about the person right in front of you, who is talking to you directly, in third person?

[@sandeeplgupta]

nicely done episode.. spacious bful flat..! never knew financial journalism is such a niche career..! the editor very smartly edited the discussion where mr.Srivastava just started mentioning his equity investment..! 😅 well.. real estate on it's own cannot be wholly sufficient in explaining one's spending capacity or investments he/she must be doing.. so a little discussion about the tenant's 'investments' should be included for a better understanding of his acumen.

[@AnkitPatel-jg1fw]

It’s such a poor decision and that too from a so called financial advisor. He talks about 2cr invested in 2010 would have 4x now. But the question is did he have 2cr to invest back then. Real estate is a leverage play my friend And stay rest assured he’s gonna have to keeping paying this rent forever whereas had he bought paying the rent he is paying it would have been his property in next ten yrs Simple math if you choose to buy: 3% rental yield+6% annual price appreciation + home loan tax savings > 8.5-9% home loan rate

[@hardmorabia9654]

Clarity for youth?

[@niranjan6918]

LMAOO i know whom you are referring to@@hardmorabia9654

[@7pulkit]

Hahahahaha chacha ji ka gyaan bhot sahi hai (though what projects he promotes in his whatsap groups are not great at times) but yes buying a house should be something ppl should look forward to

[@AnkitPatel-jg1fw]

What clarity for youth? Didn’t get Whenever some set of people say something is plain blanket bad, we really need to think twice. In this case the influencers who are paid by broking houses to invest in market

[@niranjan6918]

bro clarity for youth is a youtube channel, sharing same thoughts as you have typed here@@AnkitPatel-jg1fw

[@karanvirmehra914]

house did not had TV

[@ssiddarth]

Great one 👌

[@shimmeringswan1]

Bombay >>>>Mumbai. The moment it was officially Mumbai, it started going shit.

[@sameerbhalerao431]

😂😂😂 keep crying

[@shimmeringswan1]

@@sameerbhalerao431 I dnt have to. I still live there for a month every year. People from outskirts from satara sangli and whatnot, with last names like bhalerao etc can try creeping in.

[@sameerbhalerao431]

You sound like the same people who won't let non vegetarian don't buy house in their society, judging me on my surname😁😁 good lord I was born here and yes people from all over india are accepted in Mumbai not just satara and sangli ( they aren't second human you bigot) you are the best person to know what creepin is as you are trying that for years abroad😆😆😆

[@shimmeringswan1]

@@sameerbhalerao431 I didn't have to 'try' abroad. Bigots are the ones who harass minorities. Also, I have been one of those non vegetarians. So f off.

[@utsavbhayani7456]

You mean to say the moment India became independent lol it started going downhill. We've been scammed when we were educated in school saying democracy is by the people, for the people and to the people. In reality it is for the corrupt, by the corrupt, to the corrupt.😂

[@xploit811]

Love when people call it Bombay, so decent and nostalgic.

[@rushiraul4084]

What is so 'indecent' about 'Mumbai'?

[@vaishali1564]

Exactly British era has gone..mumbai.sounds so good Let's not forget our roots

[@skrmacs4815]

why does this guy continue to call Mumbai as Bombay?

[@0124ME]

What’s the problem in say “Bombay “

[@aosaeanor]

Very common in South Bombay. Residents there belong to mix backgrounds staying there for generations. The people & the culture there is not predominantly Marathi as is commonly seen in some of the suburbs of Mumbai esp Dadar, Thane, Navi Mumbai belt

[@vedantgala289]

bombay sounds much better than mumbai tbh

[@thewhatorwhy]

@@vedantgala289 Yep. Sinatra's Come Fly With Me makes it sound nice and glamorous as it once was. The skyscrapers should be scrapped for Art Deco or something interesting.

[@shubhamsachan6419]

Tum log Mumbai aur Bombay bolne meh hi pade rah jaana vaha log itna paisa banaa rahe hai vo gyaan suno faaltu naam ko lekar discussion chalu kar dete ho 😅😅

[@thewhatorwhy]

Bombay was built by the British, and developed by progressive Bombay residents not the backward sanghi shiv sena. Bombay is its proper name.

[@nikhilka8015]

Nana Murkute, Bhau Daji Lad then Phalake- father of Film industry etc etc and many more were Maharashtrians who built this! Mumbadevi centuries old temple on whcih Mumbai is derived from...u come from a community which u r asahmed of! let me know ur community and tell its backwardness

[@akashdeshmukh116]

@@nikhilka8015 first write your proper name then talk about others...😏😏

[@sangamp6292]

He still doesnt know about City. Its Mumbai not Bombay

[@NoName-bb2pu]

Found the manhoos marathi extremist

[@RRBhat511]

Born in Bombay and will still call it by its original name... nothing changes with changing names so cry harder!

[@fortlee69]

Clearly he is from outside Mumbai and therefore will take some time for him and many others to change age old nomenclature. Mumbai has a big heart to welcome all and not be so bothered about names. Yes, we love the new name Mumbai, as it reflects a more local and democratic preference. But that does not mean we hate others who may take time to understand what the new name means to the local population. In time all will shift to the new name. Shant rakho Sangambhau!

[@sangamp6292]

@@RRBhat511 it seems you are happy with colonial mindset.

[@RRBhat511]

@@sangamp6292 Its something called emotions my friend... which you clearly wont understand, so i rest my case :) good day!

[@chiranjeev4804]

One more funny part, he says i got 4x 5x return but is it a guaranteed return, when it comes to equity. During corona we have all seen markets go down. Any bad news, any political hapenning.. Your equity return gets wiped off! Your 4x return will come back to 2x or even less. He says I was not comfortable paying 2 lakhs worth of EMI per month but pays 1.7 lakhs worth of rent every month! Such kind of maths by a finance writer. Hillarious!

[@shubhang722]

He said emi of 2 lakhs in 2010. The emi will be double of what it was then. Plus this guy seems to like a minimalist life, I'm sure his kids will settle abroad and him and his wife will settle down in a luxurious retirement home. People who live this kind of lifestyle don't need to buy a house especially if they intend to live in the costliest parts of the country for their professional career or until their children leave for college

[@chiranjeev4804]

@@shubhang722 EMI doesn't double. It remains the same. A 2 lakhs EMI in 2010 would remain 2 lakhs only in 2024.property price would have risen! But if he would have bought it, he would have been the owner. Not paying 1.7 lakh rent.!

[@musicbyarnav]

@@chiranjeev4804 yo, if he paid 2 lakh rs for emi he would have gotten way worse house in a far suburb , rather paying 2 lakh rs rent gets you a house in malabar hill so thats best and ofc SIP returns get balanced (dip in corona and boom after corona)..... ig you dont stay in mumbai.

[@chiranjeev4804]

@@musicbyarnav I stay in Mumbai only. U have celebs and HNI staying in Suburbs. I don't agree dat he would have got a bad home if he would have invested in projects of reputed builder. What SIP return u are talking of... Is it fixed dats my question? Mumbai suburbs have given 10-12% return annually when it comes to real estate return. I am talking of Andheri to Borivali. Not thane of dombivali Or virar. The metro line (red and yellow lines) have come up.. Rents have increased significantly and so are property prices. Andheri mein the rent for 2 bhk which was 35k - 40k may be in 2019 is close to 55-60k now

[@RamMohammadJosephKaur]

@@chiranjeev4804 suburbs and south bombay is miles apart