In #Chennai, it is better for most people to #Rent says this insightful article – I had felt this to be the case for many years.
Yes, owning a property is an emotional achievement in one’s life and a very valuable asset that you can save for your children, but in most cases, many of the poor/working class spend their entire life in hardship just for this and sadly end-up their last years unable to enjoy the fruits.
This is where the below chart is super-helpful to scientifically say for which earning bracket buy vs rent makes sense.
Thank you The Economic Times for the below piece:
