The debate over whether it’s better to buy a home or rent one has been a hot topic for years. While some believe owning property is a solid investment and a mark of financial security, others argue that renting offers more freedom and fewer financial burdens.
Recently, Nikhil Kamath, co-founder of Zerodha and a vocal supporter of renting, has added fuel to this debate by revealing that he has now bought a house himself.
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Kamath, who has long promoted renting as a more practical option, spoke about his decision on his podcast ‘WTF is with Nikhil Kamath’. He explained that while renting gives flexibility, it also comes with certain limitations, like the uncertainty of when one might need to move out. However, Kamath is still cautious about buying property. He highlighted how real estate is less liquid compared to other investments like stocks or gold, which can be sold more easily. He also expressed frustration with the high stamp duty fees that come with buying property, reported Moneycontrol.
His decision to buy a house has triggered mixed responses online. Some people questioned his change of stance, saying it’s a reminder not to blindly follow what influencers preach.
Nikhil Kamath has bought a house, after advocating for so long about how “renting is the best, only fools would buy property”. So let this be a lesson to literally everyone who listened to him or any other finance bro and based their real estate decisions on rubbish reels –
— Sonali Thakker Desai (@SonaliThakker) October 19, 2024
Nikhil Kamath didn’t want you to buy a house because he wanted you to have more disposable income one so you could invest in the stock market.
The fact that Zerodha would benefit is only “accidental”.
— Easy Rider (@Koushik_laribee) October 21, 2024
Nikhil Kamath has always said that renting a house is better than owning one. He has bought hos own house now.
This is for all those ppl who take young entrepreneurs & fin-fluencers too seriously.
You hv to take your decisions keeping your own circumstances in mind.#Fintech pic.twitter.com/6LztmTZJvB
— भारतवासी 🇮🇳 🕉️ (@nspeaker30) October 19, 2024
Nikhil Kamath is so weirdly dumb bro his justification for not renting is exactly same as what parents have been saying. Please don’t listen to him, if your finances support buying, then buy. If they support renting, then rent.
— seething and growing (no vote to fascists) (@keepituntweeted) October 21, 2024
People who follow Finfluencers blindly are the big idiots here. These Finfluencers give idiotic suggessions in bull market to make a buck. Then vanish.
— Vasishta (@vasishtanagalla) October 20, 2024
Actions speak louder than words! The rich preach one thing but live another reality. When it comes to money advice, always remember, they play by a different set of rules. Don’t blindly follow the rich and privileged—what works for them often won’t work for everyone.
— மெய் பொருள் (@arunSaysSmile) October 20, 2024
That’s how rich Nikhil Kamath is.
He bought a housee immediately as his landlord asked him to vacate.
For the ordinary people influenced by his financial advice this won’t be possible. Buy when you can& for how much you can afford to pay.
Not everything is a ROI game.
Safety is. https://t.co/AGmMvHHvY8— Anuja Jain (@anuja_jain04) October 21, 2024
On the other hand, many defended Kamath, arguing that people are allowed to change their opinions as they grow and their circumstances evolve.
With time people change, their thinking and perceptions change, the way they operate or deal with business or emotions change, they grow they learn they gain wisdom they become wiser they develop an internal balance. Everything can turn around in your favour or against you in a… https://t.co/5VAk3mDFPH
— Sumit Vasvani (@fit_pro_coach) October 21, 2024
Unpopular view – Nikhil Kamath needs creditt for accepting he was wrong and changing in mind to do right thing. When facts change, change your mind. That’s commonsense. Clinging to some theories that don’t work in real world, isn’t common sense. https://t.co/7QgIHGBXaY
— Devil’s Advocate IN (@jaganmsna) October 21, 2024
Opinions are malleable, as they should be. But once you make them public, people expect that it is your moral responsibility to now announce whenever that opinion changes. https://t.co/voWMXoKz2p
— Nakshatra Saxena (@nedwize) October 21, 2024
I like it….. It is said that people comes to their senses after they are mid thirties.
Many other emotions come to play….like they don’t like to move houses nor negotiate with house owner for rent or being treated like a tenant in a society
— Enterprising Investor (@enterinvestor) October 21, 2024
I think its not about believing them. Its about how they r willing to change their mind as per circumstances. This good trait in running business as it helps them to keep changing as per needs
— Sunil K (@SunStocks) October 20, 2024
Should a person buy or rent a house? The answer is never that simple!