6 ms·

Renting vs. Buying – A case study for Bangalore

18 points by freakynit 4mo ago

stonecharioteer 4mo ago
The biggest problem with this and I say this being someone who is adamant about renting and not paying 3C for a house in Bangalore is that people around you will constantly be emotional. No one will be convinced by numbers if they've made up their mind to buy a house. People still think buying a house is an investment or they think it's security. They don't realize it'sore anxiety inducing to pay a loan. I gave up trying to convince anyone else and just keep my suggestion to myself now. I'm only going to buy a house in a tier 2 city one day. Or a village. I don't want to live in Bangalore if I can get the privilege to move out.
- deleted 4mo ago
  [deleted]
leosanchez 4mo ago
> This is not a cyclical recession — it's a structural shift. AI slop > Rising hyper-nationalism eroding liberal democracy and economic openness Same BS for the last 10 or so years?
dartharva 4mo ago
Conversations on this topic could be interesting, but this "article" is literally just a word-to-word copy-pasted default-styled AI response to a single prompt.
junior44660 4mo ago
Do you want your children to grow up amidst traffic, potholes, pollution and stray dogs? Maybe the well-earning FAANG SDEs on here might pretend to escape the reality of Indian metropolis by renting or buying an apartment in a "gated society". Yet you have to go outside the "gated community" and routinely exposed to the realities of metropolitan India, which exacerbates everything wrong with the country by packing a million of them in one PIN code. This is only going to get worse in the coming years. There's no solution apart from developing the "tier-2" cities and villages. Every mediocre "SDE" leetcodemaxxing to work for the same 15-20 top paying companies HQ'd in Eastern Bangalore is not going to end well.
- srean 4mo ago
  > and stray dogs Absolutely yes. Properly vaccinated and properly treated they can be part of the fauna of the city. Man and dogs have befriended and helped each other for tens of thousands of years. Turning our backs when we don't need them anymore is positively shitty behavior that humans are capable of.
  - junior44660 4mo ago
    A. You may always travel in an car and stay in a gated apartment. But for people who want to walk in the night or use a motorcycle, they are an absolute menace. B. Vaccination is impossible in a corrupt and low trust society. If government sponsors vaccinations, there will be a significant portion of dogs which will be marked vaccinated without even vaccinating them. Nevermind counterfeit vaccines: https://travelhealthpro.org.uk/news/867/falsified-rabies-vaccine-india https://travelhealthpro.org.uk/news/867/falsified-rabies-vac... . By what measure can I trust that vaccination is actually successful? C. They make it very hard to jog or bicycle in residential areas. These would otherwise be good options for fitness. D. Barking E. Even vaccinated, they gang up and maul children and elderly. No civilized society has this sort of "fauna". Instead, people in civilized societies can jog and walk. "Fauna" it seems.
    - srean 4mo ago
      Lol hyperbole much. It is usually (i) anxiety triggered over reactions on the part of humans or worse, plain abusive behavior (ii) such as kicking, beating the dogs or driving/riding dangerously. People familiar with dogs have no problems with them. Stray dogs are warmly welcomed at the Taj hotel of Mumbai. No patron minds. https://en.wikipedia.org/wiki/Taj_Mahal_Palace_Hotel https://en.wikipedia.org/wiki/Taj_Mahal_Palace_Hotel Street dogs are allowed to roam the premises of the hotel and sleep in the shade. That hotel surely has more credit than your account does :) The dogs are not the problem. Fake vaccines are an issue though, only heard of such cases in North India, but then one should be going after those who are behind that.
      - 4mo ago
torginus 4mo ago
Considering an LLM wrote this, I wonder when will LLMs go from writing insightful (sounding) investment advice to basically agentic landlording?
- deleted 4mo ago
  [deleted]
AbbeFaria 4mo ago
I know the article is AI slop just by the structure, my last job at MSFT had me producing artefacts like this, which is why I quit ;) The issue with buying land outside major metro areas like BLR are the following, 1. Irregular power supply. I lived 2 hours outside of BLR in a village and the power would regularly go off for minimum of 3 hours, sometimes more. The current KA government made a promise to voters to supply subsidised power and the downstream effect of this is that they must mandatorily supply power to BLR which is the only economic engine of KA. Consequently they end up shafting everyone else. 2. Poor education quality. The best teachers and smartest students are concentrated in BLR, unless you are willing to homeschool or are fine with your child not getting the best, this is a difficult tradeoff to live with. 3. Narrow minded people in villages. Unless you live in touristy areas like Coorg, CKM etc you will not find the diversity that you find in a big city like BLR. 4. Less than ideal medical care. Most villages don’t have the sort of hospitals and doctors you would find in BLR. The best doctors who would be the best paid won’t come to villages. Although I did live near a teaching hospital and the medical care there was average. If you’re a healthy individual, you might ignore this. Surprisingly the roads were decent, a result of being near a highway and having very low population density. Apart from these, I was living a “slow life”, had great AQI (most days), wide open spaces, great and cheap food. If you’re fine with the shortcomings, buying land in and around major cities is affordable but the shortcomings I mentioned are real and I don’t see them going away anytime soon. As to the efforts to decongest BLR, there are quite a few like Bidadi township but they are are more like bringing BLR style haphazard development to the outskirts, but these things are still very much in the nascent stage now.
- leosanchez 4mo ago
  > The current KA government made a promise to voters to supply subsidised power and the downstream effect of this is that they must mandatorily supply power to BLR which is the only economic engine of KA. Consequently they end up shafting everyone else. Just Congress things. Brings back memories of Congress rule in our state with 9 hours power cut every day in summer. Thankfully that was more than a decade ago.

18 points by freakynit 4mo ago

The biggest problem with this and I say this being someone who is adamant about renting and not paying 3C for a house in Bangalore is that people around you will constantly be emotional. No one will be convinced by numbers if they've made up their mind to buy a house. People still think buying a house is an investment or they think it's security. They don't realize it'sore anxiety inducing to pay a loan. I gave up trying to convince anyone else and just keep my suggestion to myself now. I'm only going to buy a house in a tier 2 city one day. Or a village. I don't want to live in Bangalore if I can get the privilege to move out.

deleted 4mo ago
[deleted]

leosanchez 4mo ago

> This is not a cyclical recession — it's a structural shift. AI slop > Rising hyper-nationalism eroding liberal democracy and economic openness Same BS for the last 10 or so years?

dartharva 4mo ago

Conversations on this topic could be interesting, but this "article" is literally just a word-to-word copy-pasted default-styled AI response to a single prompt.

junior44660 4mo ago

Do you want your children to grow up amidst traffic, potholes, pollution and stray dogs? Maybe the well-earning FAANG SDEs on here might pretend to escape the reality of Indian metropolis by renting or buying an apartment in a "gated society". Yet you have to go outside the "gated community" and routinely exposed to the realities of metropolitan India, which exacerbates everything wrong with the country by packing a million of them in one PIN code. This is only going to get worse in the coming years. There's no solution apart from developing the "tier-2" cities and villages. Every mediocre "SDE" leetcodemaxxing to work for the same 15-20 top paying companies HQ'd in Eastern Bangalore is not going to end well.

srean 4mo ago
> and stray dogs Absolutely yes. Properly vaccinated and properly treated they can be part of the fauna of the city. Man and dogs have befriended and helped each other for tens of thousands of years. Turning our backs when we don't need them anymore is positively shitty behavior that humans are capable of.
- junior44660 4mo ago
  A. You may always travel in an car and stay in a gated apartment. But for people who want to walk in the night or use a motorcycle, they are an absolute menace. B. Vaccination is impossible in a corrupt and low trust society. If government sponsors vaccinations, there will be a significant portion of dogs which will be marked vaccinated without even vaccinating them. Nevermind counterfeit vaccines: https://travelhealthpro.org.uk/news/867/falsified-rabies-vaccine-india https://travelhealthpro.org.uk/news/867/falsified-rabies-vac... . By what measure can I trust that vaccination is actually successful? C. They make it very hard to jog or bicycle in residential areas. These would otherwise be good options for fitness. D. Barking E. Even vaccinated, they gang up and maul children and elderly. No civilized society has this sort of "fauna". Instead, people in civilized societies can jog and walk. "Fauna" it seems.
  - srean 4mo ago
    Lol hyperbole much. It is usually (i) anxiety triggered over reactions on the part of humans or worse, plain abusive behavior (ii) such as kicking, beating the dogs or driving/riding dangerously. People familiar with dogs have no problems with them. Stray dogs are warmly welcomed at the Taj hotel of Mumbai. No patron minds. https://en.wikipedia.org/wiki/Taj_Mahal_Palace_Hotel https://en.wikipedia.org/wiki/Taj_Mahal_Palace_Hotel Street dogs are allowed to roam the premises of the hotel and sleep in the shade. That hotel surely has more credit than your account does :) The dogs are not the problem. Fake vaccines are an issue though, only heard of such cases in North India, but then one should be going after those who are behind that.
    - 4mo ago

torginus 4mo ago

Considering an LLM wrote this, I wonder when will LLMs go from writing insightful (sounding) investment advice to basically agentic landlording?

deleted 4mo ago
[deleted]

AbbeFaria 4mo ago

I know the article is AI slop just by the structure, my last job at MSFT had me producing artefacts like this, which is why I quit ;) The issue with buying land outside major metro areas like BLR are the following, 1. Irregular power supply. I lived 2 hours outside of BLR in a village and the power would regularly go off for minimum of 3 hours, sometimes more. The current KA government made a promise to voters to supply subsidised power and the downstream effect of this is that they must mandatorily supply power to BLR which is the only economic engine of KA. Consequently they end up shafting everyone else. 2. Poor education quality. The best teachers and smartest students are concentrated in BLR, unless you are willing to homeschool or are fine with your child not getting the best, this is a difficult tradeoff to live with. 3. Narrow minded people in villages. Unless you live in touristy areas like Coorg, CKM etc you will not find the diversity that you find in a big city like BLR. 4. Less than ideal medical care. Most villages don’t have the sort of hospitals and doctors you would find in BLR. The best doctors who would be the best paid won’t come to villages. Although I did live near a teaching hospital and the medical care there was average. If you’re a healthy individual, you might ignore this. Surprisingly the roads were decent, a result of being near a highway and having very low population density. Apart from these, I was living a “slow life”, had great AQI (most days), wide open spaces, great and cheap food. If you’re fine with the shortcomings, buying land in and around major cities is affordable but the shortcomings I mentioned are real and I don’t see them going away anytime soon. As to the efforts to decongest BLR, there are quite a few like Bidadi township but they are are more like bringing BLR style haphazard development to the outskirts, but these things are still very much in the nascent stage now.

leosanchez 4mo ago
> The current KA government made a promise to voters to supply subsidised power and the downstream effect of this is that they must mandatorily supply power to BLR which is the only economic engine of KA. Consequently they end up shafting everyone else. Just Congress things. Brings back memories of Congress rule in our state with 9 hours power cut every day in summer. Thankfully that was more than a decade ago.