Is it the RIGHT Time to BUY a HOUSE? | Money Matters Ep. 25 | Ankur Warikoo Hindi
Published: 2024-08-31
Status:
Analyzed
Published: 2024-08-31
Status:
Analyzed
Predictions from this Video
Incorrect: 2
Prediction
Topic
Status
An investment of Rs. 15-16 lakhs from SIPs, combined with cash and FD, will allow for a Rs. 20 lakh down payment for a house in 10 years.
"So, you will get around 15 to 16 lakh rupees from your investment. By adding cash and FD, it will become 20 lakhs. And you should be able to then get to a point where you can give this 20 lakh rupees down payment. This will be at the time period of 10 years from now."
Pending
A house currently worth Rs. 80 lakhs, growing at 6% annually, will be worth Rs. 95 lakhs in nine years, requiring a Rs. 20 lakh down payment.
"And if we assume that it will grow at 6% every year, then after nine years, this house will be worth around 95 lakhs and its down payment will then be around 20 lakh rupees."
Pending
By 10 years from now, current SIPs will yield Rs. 8 lakhs, and new SIPs (Rs. 25,000 split into Nifty 50, Mid Cap, Small Cap) for 8 years will yield Rs. 45 lakhs, totaling Rs. 63 lakhs for a house purchase.
"Let's take that if we buy a house after 10 years, then after 10 years, okay and I am just coming up with another option, first of all your current SIP which you are doing right now, of around 11000, let's take what will happen to it, 12 per annum, that will give you around 8 lakhs, your new SIP which I told you is of 25000, now for a period of 8 years, we should definitely break it into that 25000 More risky once because in 8 years we may be ready to take more risk. Not at all in 3 years, but in 8 years, yes. So, if I have to do this SIP of Rs 25,000, I will break it into three SIPs - one of Rs 12,500 which is Nifty 50, one of Rs 7,500 which is mid-cap and one of Rs 5,000 which is small-cap. Let's see what difference it makes. You will get a total of Rs 45 lakh from the new SIP. So, you will have a total of around Rs 63 lakh within 8 years."
Pending
A house currently worth Rs. 80 lakhs, growing at 6% annually, will be worth approximately Rs. 1.27 crore after 8 years.
"Now let's see that the house you want to buy, which is worth Rs 80 lakh today, how much will it be worth after 8 years? If it grows at Rs 6 per cent, then this is on an average real estate growth rate. You should have this house at around Rs 1.27 crore."
Pending
Investing Rs. 25,000 for 20 years at a 12% annual return can lead to a retirement corpus of Rs. 2.5 crore.
"And if you start investing that Rs 25,000 at the age of 38, when you would buy your house and your parents would retire, then you can move them in and all that, etc. You will still have near 20 years before you retire to see and build your retirement corpus and Rs 2.5 crore. If you invest for 20 years, even at a reasonable amount. But if I give you a rough idea that at Rs 12, if you invest for 20 years, you will have Rs 2.5 crore."
Pending
In 9 years, investments worth Rs. 1.10 crore can contribute to a down payment for a house worth Rs. 1.35 crore, resulting in a loan of Rs. 25 lakhs and an EMI of Rs. 20,000.
"If you wait for 9 years, the value of your investment will be 1 crore 10 lakhs. If the value of the house is 1 crore 35 lakhs, then you will have to take a loan of only 25 lakhs and its EMI will be only 20,000."
Pending
In 6 years, investments worth Rs. 57 lakhs can contribute to a down payment for a house worth Rs. 1.13 crore, resulting in a loan of Rs. 57 lakhs and an EMI of Rs. 46,000.
"If you wait for 6 years, the value of your investment will be around 57 lakhs. If the value of the house is around 1 crore 13 lakhs, then you will have to take a loan of around 57 lakhs and your EMI will be around 46,000."
Pending
For a house worth Rs. 95 lakhs, a loan of Rs. 70-73 lakhs would result in a monthly EMI of approximately Rs. 57,000.
"But if we can estimate and the value of the house is around 95 lakhs, then you will have to take a loan of around 70-73 lakhs and its EMI will be around 57,000 per month."
Correct
A house currently valued at ₹80 lakhs is predicted to be worth approximately ₹1.35 crore in 9 years.
"If the value of the house is 1 crore 35 lakhs, then you will have to take a loan of only 25 lakhs and its EMI will be only 00."
Pending
An SIP of ₹25,000 per month, continued for 9 years, is projected to yield approximately ₹1.10 crore.
"If you wait for 9 years, the value of your investment will be 1 crore 10 lakhs."
Incorrect
Existing SIPs totaling ₹11,000 per month, combined with cash and FD, are estimated to reach ₹15-16 lakhs within 9 years.
"and if I look at the total value, the total value will come to around 15 to 16 lakh rupees. And by adding your cash and FD, you should be able to get the down payment amount."
Pending
The stock market is currently considered 'hot', and a correction is anticipated within the next year.
"And the market is very hot right now, so correction is quite possible in the next year."
Correct
The small-cap market is expected to experience a significant correction due to its high valuation.
"where small cap is definitely going to correct a lot because it has become very highly valued."
Incorrect