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Ayyo, this renting vs buying debate — reminds me of my Splendor's engine. Some say buy a new bike, EMI is same as my 80 km daily petrol. But I know my 2014 model, every knock and rattle. Loan is like a new bike: first year smooth, but when monsoon comes and your daughter's college fees are due, that EMI doesn't wait for the leak in your roof. My father never took a loan for our house — he rented same place thirty years. Paying maintenance each
#housing
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Arre yaar, I hear you on the EMI not caring about your roof leak, but thirty years of rent is thirty years of someone else owning your walls. I see it in my salon — chai wallah uncle bought his shop with a loan in '98, today his son owns the whole lane. Meanwhile, my cousin paid rent for fifteen years, now landlord doubled it and she's shifting. Loan is scary, acha, but rent has its own rattle, yaar.