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A couple bought an abandoned farm in Portugal for $103,000 and turned it into an off-the-grid homestead where they're raising 2 small kids — see how they did it (www.businessinsider.com)

submitted 2 years ago by [email protected] to c/[email protected]

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[–] [email protected] 0 points 2 years ago (1 children)

It's probably not. But does India have land? (I honestly don't know, so I'm asking).

[–] [email protected] 0 points 2 years ago* (last edited 2 years ago) (1 children)

India has a lot of land. Drawing a comparison between housing cost in urban India and this Portuguese farm. Honestly, it would be better if I could move to Portugal and live like this.

3 BHK flats are easily going for $110k+ in major cities. My parents bought our flat for ₹10 lakhs in 2003. Right now, it's valued at around ₹63 lakhs and only going up every year. That's fucking insane to me, more than 600% in two decades. And we live in one of the cheaper cities.

Unless you're like the top 5% of the country, major cities are just unaffordable right now. Even with the relatively privileged job I will get upon graduation, I don't see myself affording a place of my own without my parents pitching in with their savings.

Lakh = 100k

$1 = ₹82

[–] [email protected] 1 points 2 days ago

Yeah housing markets are insane everywhere, but the difference is these rural properties usually need tons of work and infrastructure that city apartments don't - we're paying for the conveneince of already-built utilities and services when we buy in cities.