Rent v/s Buy?
Context:
- F. Single, free of debt and responsibilities (chill retd. parents living a good life in the mountains, touchwood)
I have lived across country (military family) which makes it easy to uproot from a city and replant my roots somewhere else. Having said that, and have worked for 8 years, I want to put down my roots in Bangalore.
Fortunately moving to Bangalore next month for a new job!
And I don’t see myself getting married anytime soon. I make 50 LPA + and with this idea in mind that I want to settle in Bangalore, I am thinking about buying a one BHK for myself instead of renting.
But I will be moving back to Bangalore after couple of years, so I don’t know if it’s a right decision? Anyone, in their 30s, planning their solo living in Bangalore? Do you have a perspective to share?
Most importantly, can I even afford it? Like I think I earn decent money but mine is a single income household…so, it isn’t much for a city like Bangalore I guess! Help, please 🙈