How is this cheaper than housing in India lmao?
this post was submitted on 23 Aug 2023
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It's probably not. But does India have land? (I honestly don't know, so I'm asking).
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
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.