When it comes to buying homes, Mumbai is notoriously infamous for being expensive. However, a recent social media post highlights how it’s not just Mumbai where owning a home is unaffordable. The post was made by an investor based in Chennai. He spoke of a couple whom he knew and how, despite earning decent money, owning a home in Chennai was only a dream. The post incited a lot of comments and reflections about the socioeconomic status of most Indians.
Chennai Couple Who Earns ₹1.5 Lakh Per Month Dream Of Owning Home
I live in a posh area in Chennai.
There is a successful physiotherapist couple in my area having own clinic, paying EMI.
They are in late thirties.
They charge Rs.500 for 30 minutes of their time. The husband works full time. Wife works only for few hours a days as she has…
— D.Muthukrishnan (@dmuthuk) October 7, 2024
Owning a home is no joke, especially in big cities. An investor and financial planner from Chennai took to X (formerly known as Twitter) to share the story of a successful physiotherapist living in a posh area of Chennai. He said that they also have two kids.
The husband works full-time while the wife works a few hours and takes care of their two children. Their combined income is ₹1.5 lakh per month. He also mentioned that the doctor charges around ₹500 for 30 minutes and since he also has a clinic, he has to pay bills and taxes for it at commercial rate.
He then ended the post by highlighting that creating wealth in India is extremely difficult even for well-educated successful professionals like them. The post resonated with a number of people and has already garnered close to 260K views.
This Is How The Netizens Reacted To The Pensive Post
Educated white collar workers who don’t cut corners and pay legit rates (income, electricity, GST) don’t have a chance in hell to earn and create generational wealth. It’s a sad reality of our current existence. Even doctors at big hospitals have targets of operating procedures…
— Monica Jasuja (@jasuja) October 7, 2024
The comment section was filled with sombre reflections about the socioeconomic landscape of India. One commenter pointed out that if it’s so difficult for a couple earning ₹1.5 lakh per month, how difficult it would be for someone who earns the same amount in a year?
Beautifully put.
We are a GDP rich, per capita poor country.
— The Wolf of College Street (@AdiG1993) October 7, 2024
Another commenter agreed with the original post and stated that India is a GDP-rich but Per Capita-poor country.
It’s an extremely dire situation when even those earning ₹1.5 lakh a month struggle to afford a decent house. Now imagine the plight of those earning ₹1.5 lakh a year—it’s nothing short of tyranny. After 75 years of independence, we’ve failed to create a society where people…
— The Commentary (@decentComment) October 7, 2024
Is homeowning a dream for you and your family as well? Let us know in the comments section below!
Cover Image Credits: Canva Images (For Representational Purposes Only) and @dmuthuk/X (Formerly, Twitter)
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First Published: October 08, 2024 3:14 PM