This Tenant Got Richer By Paying A Rent Of ₹1.1 Crore | The Tenant
Рет қаралды 38,624
Ай бұрынIn this episode of The Tenant, meet Samar Srivastava, a financial writer residing in Mumbai's upscale Nepeansea Road area. Samar shares his journey of moving to Mumbai in 2010, initially renting due to uncertainty and high real estate prices. Despite considering buying a home, he found the market daunting and prefers older buildings for their character. Samar discusses his experience renting a sea-facing apartment and why he ultimately stopped valuing the view. Tune in to watch the full episode
#realestate #tenant #mumbai
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@conradpinto Ай бұрын
So many butthurt real estate fanbois here hating on Samar lol. Jalan hai toh neosporin lagao. This guy is living his best life and generated more returns in 10 years from equity than your real estate assets would return in your lifetime.
@SD_003 Ай бұрын
Very sensible person. I myself have purchased one in 2011 and can totally agree with him, investing would have been better. Mind you I closed the loan in 10 years and house price has gone 2.3X But simple index fund investment would have given way better returns. And I would have more than enough capital to buy this house cash down now and some more
@shivkumar36 Ай бұрын
It looks like a good Home, has all the needs and comforts but with lots of warmth and no show off stuff. Loved this guy's outlook.. Would be a great guy to sit and chat!
@ruchishinde5194 Ай бұрын
Samar's decision of not buying home immediately and waiting out is a pragmatic approach. He is letting his money work for him through equity investments and few years down the line he would be in a position to buy a home without a hefty loan. Many people don't get this because they think paying huge interest in loans is okay, when it's actually not. When it comes to buying a property, you need to take a rational decision instead of following the "herd" mentality. Remember, don't bite off more than you can chew.
@gk9670 23 күн бұрын
It was very well done interview. The interviewee was a gentleman. Loved listening to his point of view. He definitely made enough and is quite proud of his decision. God bless him and his family.
@versaillesthomas Ай бұрын
Smart move! Equity since 2010 has given more than 10x if invested smartly. Glad Samar didn't bite the 'emotional' bullet yet...
@AnkitPatel-jg1fw 26 күн бұрын
Accha 10x. Waah re mere Warren buffet
@sravankumar8763 25 күн бұрын
We need more educated people like these, so we can earn who invests in real estate in next 5 to 10 years. please do this for next generation too and end up in poverty
@shilpagupta2557 Ай бұрын
Wish the episode would have shown his thought process behind converting the servants room into a study instead of store room, puja room or anything else. .... beautiful house, love the less furniture look
@rehanmomin1760 9 күн бұрын
These are all selfish decisions. When you take family into consideration you must make sure your family have a roof on their head even if you are not around as they wont be able to manage finances as good as you were. And you must delay all the gratfication as much as possible. Living in luxury now just because rent is low will change your family habit in a long run. I also had the same mindset but thank god I changed my mind and bought a home in Navi Mumbai. I am more relaxed now. I am planning to close my Loan ASAP and then will start investing without any fear. Dont fear of starting late if you hear this finance guru you are always late to investing. so just ignore them.
@tanyasingh3118 Ай бұрын
The house is spacious and the book collection is huge
@Uneducatedopinion57 Ай бұрын
Guys he is loving in one of the most premium areas not just in mumbai but all of India, it is very difficult to justify a purchase in this area if you can get a good rental price And let him decide for himself what he wants, why does everyone in the comments want to give him free ka gyan ? How many of you can even have the capacity to rent in the same area ?
@fwefhwe4232 Ай бұрын
that area is expensive but not premium. The quality of life you can have in tier 2 cities with say 3 lakh rs a month is FAAR BETTER than what you have in mumbai / delhi. Quality of roads, better fine dine restaurants, DPS schools are better, larger, cheaper, larger apartments with amenities, etc/
@sd51847 Ай бұрын
If you put it in public domain, you are asking for free ka gyan. Equally people will express opinion if they don’t agree with the lifestyle or choices he is depicting.
@Uneducatedopinion57 Ай бұрын
@@fwefhwe4232 that makes no sense
@Uneducatedopinion57 Ай бұрын
@@sd51847 just because he came on a public domain does not mean people should start judging his choices, it’s because they can post anonymously If you go by money as a marker of success he is probably doing better than the 99 percent of people giving him free ka gyan
@fwefhwe4232 Ай бұрын
@@Uneducatedopinion57 whats hard for you to understand ? I live in Indore and the quality of roads (all concrete), quality of apartments, fine dine restaurants, schools, etc is much better for the same amount. Not to mention 70% of the population doesnt live in slums in Indore. Pls dont assume every Indian city is like mumbai. We dont want to be haha.
@rawkerboi Ай бұрын
Butt hurts orthodox people crying in comments. Just check the sensex at 2012 and now, you will get the idea how much his equity portfolio is..
@Heisenberg2K 29 күн бұрын
What about people invested in hdil and reliance mobile?
@G-ew6sk 28 күн бұрын
What's equity portfolio in simple terms please?
@rawkerboi 23 күн бұрын
@@Heisenberg2K Only fools invest in such stocks. The guy is financial writer so obviously he is invested in Blue Chip stock
@sandeeplgupta Ай бұрын
nicely done episode.. spacious bful flat..! never knew financial journalism is such a niche career..! the editor very smartly edited the discussion where mr.Srivastava just started mentioning his equity investment..! 😅 well.. real estate on it's own cannot be wholly sufficient in explaining one's spending capacity or investments he/she must be doing.. so a little discussion about the tenant's 'investments' should be included for a better understanding of his acumen.
@VR-tw3ek Ай бұрын
man i loved this house and building also .......its spacious interior is also goood ....location toh more than good ....
@ajeyingole7733 Ай бұрын
he write about finance in Forbes India
@96hitesh Ай бұрын
What a fabulous episode!
@salimahmed9016 26 күн бұрын
Educated no-nonsense person.
@Mahalakshmi-Khan Ай бұрын
Vishal is hellbent on tenants buying a home.
@neodro4831 Ай бұрын
Very true!
@mediahost2243 Ай бұрын
Same approach to not buy till I’m 40 and then fix a place where I would live
@0124ME Ай бұрын
One of best episode of this show 👍
@RJ05079 Ай бұрын
Good episode!
@uchil9118 Ай бұрын
Vishal and the tenant look like they are related.
@xploit811 28 күн бұрын
Love when people call it Bombay, so decent and nostalgic.
@ssiddarth Ай бұрын
Great one 👌
@aprilfool3240 Ай бұрын
Come out of Mumbai...That will be your best investment overall
@surenkhalsa Ай бұрын
Would be more interesting to learn how does a financial journalist be able to afford such place..
@SuperMaverickM Ай бұрын
Business Journalism is a niche space. Global media outlets do pay quite well as compared to what standard journalists make.
@fortlee69 Ай бұрын
You have missed the most important point! THe extra income from investments will be far more than what the journalism income is! The extra income is possible because he has capital which was not deployed in buying a house and having capital blocked. In my opinion the return from buying a house would have been around 5% at best and the reurn from investment about 15%. That makes a difference of 10%. On Rs 2.5 Cr of capital, that works out to Rs 25 Lakhs extra per year. In 10 years that is Rs 2.5 Cr. All salary income is over and above that! Very smart tenant!
@venkateswararaodevisetti8684 Ай бұрын
Buying a house for making rental income ==> is not a good idea Buying a house for self usage purpose If we have clear plan where we are going to settle ==> is a good idea Buying a house at the launch state and sell it when the position happens ==> is also good idea as long as builder is good and if we are not buying over priced
@ag3463 12 күн бұрын
Samar doesn't make sense! if he was looking for home to stay himself then the fact that there hasn't been any appreciation should have nothing to do!
@thewhatorwhy Ай бұрын
Thank you for speaking about how impersonal and DEAD the gated communities are. Only horrible people choose to live there.
@fwefhwe4232 Ай бұрын
lol salty.
@thewhatorwhy Ай бұрын
@@fwefhwe4232 your mom's hoohaa is.
@DeepSukhwani 29 күн бұрын
Why talk about the person right in front of you, who is talking to you directly, in third person?
@AnkitPatel-jg1fw 26 күн бұрын
It’s such a poor decision and that too from a so called financial advisor. He talks about 2cr invested in 2010 would have 4x now. But the question is did he have 2cr to invest back then. Real estate is a leverage play my friend And stay rest assured he’s gonna have to keeping paying this rent forever whereas had he bought paying the rent he is paying it would have been his property in next ten yrs Simple math if you choose to buy: 3% rental yield+6% annual price appreciation + home loan tax savings > 8.5-9% home loan rate
@hardmorabia9654 26 күн бұрын
Clarity for youth?
@niranjan6918 22 күн бұрын
LMAOO i know whom you are referring to@@hardmorabia9654
@prestigeflightyoutube 17 күн бұрын
1.7 lakh rent per month? Just buy or find other houses
@ghostwhowalks2324 Ай бұрын
This apt is worth alteast 8 crores. He is going to hate it when he has to move.
@Ankitjaiswal-hd7pv Ай бұрын
8 crores are nothing for him. His salary would be 2 cr per annum.
@BollywoodBabuOfficial 28 күн бұрын
@@Ankitjaiswal-hd7pv The Deputy editor salary at Forbes is around $95k to $127k in New York, this will not be the same salary for Indian employees but even if you take the higher side $127k it comes to 1.01cr.
@Ankitjaiswal-hd7pv 28 күн бұрын
@@BollywoodBabuOfficial bro take experience into consideration. He has 14 yrs of experience which is high.
@rawkerboi 23 күн бұрын
@@BollywoodBabuOfficial you are forgetting his other income from Dividends, Equity, Interest Income etc
@Vi-xs9ht Ай бұрын
Smart move, by putting his money where he makes it work for him. The way he is going he might end up buying the whole building a few years later.
@arvindkhungar3056 27 күн бұрын
smart kid ....
@user-nw6js9tp3r Ай бұрын
Y we offended if someone say Mumbai or Bombay , it's what one likes to say... U can't force people to say what u like.... Btw Mumbai or Bombay both sound good.. Lets call it Mombay, mother or financial freedom😅
@thewhatorwhy Ай бұрын
Moonbay or Moon Bay!
@karanvirmehra914 28 күн бұрын
house did not had TV
@shimmeringswan1 Ай бұрын
Bombay >>>>Mumbai. The moment it was officially Mumbai, it started going shit.
@sameerbhalerao431 27 күн бұрын
😂😂😂 keep crying
@shimmeringswan1 27 күн бұрын
@@sameerbhalerao431 I dnt have to. I still live there for a month every year. People from outskirts from satara sangli and whatnot, with last names like bhalerao etc can try creeping in.
@sameerbhalerao431 27 күн бұрын
You sound like the same people who won't let non vegetarian don't buy house in their society, judging me on my surname😁😁 good lord I was born here and yes people from all over india are accepted in Mumbai not just satara and sangli ( they aren't second human you bigot) you are the best person to know what creepin is as you are trying that for years abroad😆😆😆
@shimmeringswan1 27 күн бұрын
@@sameerbhalerao431 I didn't have to 'try' abroad. Bigots are the ones who harass minorities. Also, I have been one of those non vegetarians. So f off.
@colleencarvalho4970 19 күн бұрын
Such a fool, rent is a waste, buying is the best
@chiranjeev4804 Ай бұрын
Some people say dat this is a smart move.. I don't feel so. He says that he has spent almost 1.1 crore in rent in the last 12 years dat is from 2012 till now. If talk of Suburbs like Goregaon and Andheri, in 2012 2 bhk flats were between 60-70 lakhs price range. If he would have taken a home loan and bought it.. Today it's value would have been close to 2 crores. He talks about equity returns, but are they fixed? Market fluctuates. There is no guarantee. And if u are in your 40's having family and kids u need to think a bit conservatively. In start of the video he said in South mumbai property appreciation is not dat much which I agree. But suburbs like Andheri to Borivali is growing.. Property appreciation is at its peak! Many redevelopment projects are also coming up.. So I personally feel he has not made a wise decision by not buying a property. Dats my opinion.
@shubhang722 Ай бұрын
Why will he buy in Andheri if he intends to stay only in napean sea road. Does this comment even make sense. Not everyone has the time and energy to flip houses for investment. Passive investment is better for them as flipping houses requires one to have good real estate knowledge
@chiranjeev4804 Ай бұрын
@@shubhang722 I am talking in terms of return on Investment. He is talking about equity returns beating real estate returns. But it's only true in case of South mumbai properties and in an area where he is staying. Mumbai suburbs have given good returns on investment in last 12 years. Staying in South mumbai is a personal choice. I am not questioning his preference of staying on rent in South Mumbai.
@conradpinto Ай бұрын
You completely skipped the part where he said he wants to stay in SoBo due to daughters school. Andheri and Goregaon isn't an option for all!
@conradpinto Ай бұрын
Rather invest in something that he can liquidate quickly. Even new areas like Wahal and Ulwe are overpriced right now. 50 lakhs for a 1 bhk. Real estate is one of the biggest scam as an investment
@chiranjeev4804 Ай бұрын
@@conradpinto Agreed.. Equity markets provide liquidity. But come with high risks!your 4x Or 5x return can get wiped off instantly. It's better to diversify your portfolio and invest wisely
@birajpradhan6405 Ай бұрын
LETS GO TO CANADA BOYS .
@arpitbatri1419 Ай бұрын
We live in a democracy so speaking my mind out: Heard the most illogical reasons from a person to not buy a Home (of-course For end use and not investing). God dammit you are building Assets for you and your future generations. You have Capital appreciation, tax savings in the long learn. To summarise - Jewellery is for end use, Similarly Home purchase is also for end use and the remaining - MFs, Stocks etc are for investing.
@Mahalakshmi-Khan Ай бұрын
Whats your point?
@neodro4831 Ай бұрын
@@Mahalakshmi-Khan That he has no point - he just had to vent and complain. And clearly he has not his research and has not read books of Ramit Sethi....
@gopinath4119 Ай бұрын
He do have a plan for a own Home but not at this point of time. Everyone have their own planning and if he is able to pay 1.7lk rent which means he is well and good according to his plan.
@bigwealthIndia Ай бұрын
Samar is a big fool
@fortlee69 Ай бұрын
Financial analysis will indicate that you are the bigger fool! But why get into an agrument about that!
@skrmacs4815 Ай бұрын
why does this guy continue to call Mumbai as Bombay?
@0124ME Ай бұрын
What’s the problem in say “Bombay “
@altmosetz_01 Ай бұрын
Very common in South Bombay. Residents there belong to mix backgrounds staying there for generations. The people & the culture there is not predominantly Marathi as is commonly seen in some of the suburbs of Mumbai esp Dadar, Thane, Navi Mumbai belt
@vedantgala289 Ай бұрын
bombay sounds much better than mumbai tbh
@thewhatorwhy Ай бұрын
@@vedantgala289 Yep. Sinatra's Come Fly With Me makes it sound nice and glamorous as it once was. The skyscrapers should be scrapped for Art Deco or something interesting.
@SingaporeBuilds 29 күн бұрын
Move out , if u dont want to be in veg area. Dont crib.
@Happysoul_3 Ай бұрын
Why such titles on Money control creating an illusion that if you are slurging money on rent then you are getting a good ROI of your miney 😂😂
@LuckyMaverickK Ай бұрын
Do they get sham calling the city by it's true name ? Or can't even the interviewer encourage to do so ?
@altmosetz_01 Ай бұрын
No big deal using Bombay or Mumbai alternatively . Centuries of history is attached to the name Bombay. This area was never in its history Mumbai. This big city was created joining islands & reclaiming land from the sea. This was done by the Colonial rulers , not the small scattered hamlets of fishing communities that existed here before the colonial rule
@0124ME Ай бұрын
What’s the problem in saying “Bombay “ it’s his choice
@NoName-bb2pu Ай бұрын
@@altmosetz_01he has a Shivaji manhoosraj and Raj Chaatrey photos for worship at his home, forgive him
@nikhilka8015 Ай бұрын
@@NoName-bb2pu yeah u ahsamed of ur name and identity , u r ashamed of ur community as well 😂😂😂
@nikhilka8015 Ай бұрын
@@0124ME Mumbai is named after centuries old temple Mumba devi temple , get it ?!
@chiranjeev4804 Ай бұрын
One more funny part, he says i got 4x 5x return but is it a guaranteed return, when it comes to equity. During corona we have all seen markets go down. Any bad news, any political hapenning.. Your equity return gets wiped off! Your 4x return will come back to 2x or even less. He says I was not comfortable paying 2 lakhs worth of EMI per month but pays 1.7 lakhs worth of rent every month! Such kind of maths by a finance writer. Hillarious!
@shubhang722 Ай бұрын
He said emi of 2 lakhs in 2010. The emi will be double of what it was then. Plus this guy seems to like a minimalist life, I'm sure his kids will settle abroad and him and his wife will settle down in a luxurious retirement home. People who live this kind of lifestyle don't need to buy a house especially if they intend to live in the costliest parts of the country for their professional career or until their children leave for college
@chiranjeev4804 Ай бұрын
@@shubhang722 EMI doesn't double. It remains the same. A 2 lakhs EMI in 2010 would remain 2 lakhs only in 2024.property price would have risen! But if he would have bought it, he would have been the owner. Not paying 1.7 lakh rent.!
@musicbyarnav Ай бұрын
@@chiranjeev4804 yo, if he paid 2 lakh rs for emi he would have gotten way worse house in a far suburb , rather paying 2 lakh rs rent gets you a house in malabar hill so thats best and ofc SIP returns get balanced (dip in corona and boom after corona)..... ig you dont stay in mumbai.
@chiranjeev4804 Ай бұрын
@@musicbyarnav I stay in Mumbai only. U have celebs and HNI staying in Suburbs. I don't agree dat he would have got a bad home if he would have invested in projects of reputed builder. What SIP return u are talking of... Is it fixed dats my question? Mumbai suburbs have given 10-12% return annually when it comes to real estate return. I am talking of Andheri to Borivali. Not thane of dombivali Or virar. The metro line (red and yellow lines) have come up.. Rents have increased significantly and so are property prices. Andheri mein the rent for 2 bhk which was 35k - 40k may be in 2019 is close to 55-60k now
@Mahalakshmi-Khan Ай бұрын
@@chiranjeev4804 suburbs and south bombay is miles apart
@sangamp6292 Ай бұрын
He still doesnt know about City. Its Mumbai not Bombay
@NoName-bb2pu Ай бұрын
Found the manhoos marathi extremist
@RRBhat511 Ай бұрын
Born in Bombay and will still call it by its original name... nothing changes with changing names so cry harder!
@fortlee69 Ай бұрын
Clearly he is from outside Mumbai and therefore will take some time for him and many others to change age old nomenclature. Mumbai has a big heart to welcome all and not be so bothered about names. Yes, we love the new name Mumbai, as it reflects a more local and democratic preference. But that does not mean we hate others who may take time to understand what the new name means to the local population. In time all will shift to the new name. Shant rakho Sangambhau!
@sangamp6292 Ай бұрын
@@RRBhat511 it seems you are happy with colonial mindset.
@RRBhat511 Ай бұрын
@@sangamp6292 Its something called emotions my friend... which you clearly wont understand, so i rest my case :) good day!
@outbackandabout Ай бұрын
Irritating guy... such kids often get beaten at school.
@thewhatorwhy Ай бұрын
Not surprised to see this complaint about an intelligent and well read man from an average Australian.
@zacsmithful Ай бұрын
@@thewhatorwhy he is not an Australian and he finds everyone irritating
@thewhatorwhy Ай бұрын
@@zacsmithful How do you know?
@zacsmithful Ай бұрын
@@thewhatorwhy i checked out his recent comments and every comment says irritating guy😁 and the way he writes is very indian 😁
@outbackandabout Ай бұрын
@zacsmithful you're right on both accounts Sir/Madam. I'm an Indian and I find everything irritating including but not limited to you. But for what it's worth.. at least 4 people seem to agree with my original comment.
@thewhatorwhy Ай бұрын
Bombay was built by the British, and developed by progressive Bombay residents not the backward sanghi shiv sena. Bombay is its proper name.
@nikhilka8015 Ай бұрын
Nana Murkute, Bhau Daji Lad then Phalake- father of Film industry etc etc and many more were Maharashtrians who built this! Mumbadevi centuries old temple on whcih Mumbai is derived from...u come from a community which u r asahmed of! let me know ur community and tell its backwardness
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