Bengaluru man with Rs 7 crore net worth believes buying a house 'makes zero sense'

Several users expressed shock at Bengaluru’s property prices compared to global cities. (AI-generated image)

A Bengaluru resident has ignited a heated discussion online after arguing that purchasing a home in the city is financially irrational—even though he can easily afford it. The man, 32, shared his perspective on Reddit, citing skyrocketing property prices, poor infrastructure, and better global alternatives as reasons for sticking to renting.

The user, who claims a net worth of Rs 7 crore and a monthly take-home salary of Rs 3.7 lakh, currently rents a 3BHK apartment in Jayanagar for Rs 35,000. The same property, he noted, is valued at nearly Rs 8 crore today.

"Let that sink in. The rental yield is a joke. Buying at this price makes zero financial sense," he wrote, adding that locking most of his wealth into one illiquid asset was a risk he was unwilling to take.

While acknowledging that he could purchase a Rs 2–3 crore home on Bengaluru’s outskirts, the poster dismissed the idea, citing lifestyle concerns. "I honestly don’t want to spend my life in crowded, dusty, poorly planned areas like Whitefield, Sarjapur, Varthur etc. Long commute, nonstop construction, zero peace. Not my scene," he said.

Instead, he argued that renting in a prime locality while investing elsewhere offers better flexibility and returns. "With similar money, in the right EU country, I can move towards long-term residency and also own a better planned property with sane infra. More optionality. More diversification. Less daily chaos," he wrote.

The post triggered strong reactions, with many questioning the practicality of moving abroad and others agreeing that Bengaluru’s real estate market is overheated.

One user countered: "It’s easier said than done. I see quite a few people throwing around these lines these days as if the Europeans are waiting for us with bated breath. Try it out once & the delusion will vanish."

Another added: "Personally, I spent a few years in Australia, Europe, and am now headed to the US. No matter how much we harp about it, as a brown person, India is our best bet."

Others echoed the financial logic behind renting: "I am older than you and net worth lesser than you, can afford a home now, not doing it at all. Financially, it doesn’t make any sense to burn over Rs 1.5 crore in Bangalore with this pathetic infra, traffic, dust and water scarcity!"

Not everyone agreed with the purely financial argument. "Your entire argument is based on the fact that you’re paying Rs 35K rent for a 3BHK. Are you married? Do you have kids? For family, especially who is not local Kannadiga, it’s super important to stay in a society," one user wrote, adding that homes offer emotional security beyond investment value.

Another drew an analogy: "It’s like saying ‘marrying as a human makes ZERO sense to me’ and providing arguments that you can go to Thailand for sex, adopt a baby if you want etc. until you realise marriage is more than that. And the same with home."

Several users expressed shock at Bengaluru’s property prices compared to global cities. "I live in the UK, and on this visit to Bangalore, I was shocked to see how the prices here in Bangalore are way more than in the UK. Being from Bangalore, I myself feel priced out and can’t afford anything in the areas I’m familiar with!" one commenter wrote.

Another questioned the drivers behind the surge: "Is it mainly due to high-paying jobs, which means a lot of people can afford to buy at that price? I can’t see any quality of life improvement, but prices are double than what they are worth!"

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