Nikhil Kamath: Zerodha founder Nikhil Kamath lives in a rented house, why is he not buying a house?

Nikhil Kamath: Zerodha founder Nikhil Kamath lives in a rented house, why is he not buying a house?

Zerodha Founder:Nikhil Kamath, co-founder of Zerodha, is against investing in property. He still lives in a rented house. Expressing his views on money and property, he has said that there is no real wealth in Bengaluru. Here people have paper money. Here people have earned this paper money by working in tech companies. Tech companies don't have cash so you just think you're making money. 

Started working at the age of 17 

Talking about this in detail, Nikhil Kamat told about his first job. He said that my first job was in a call center for Rs 8000. I used to sell accidental health insurance. At that time, at the age of 17, I felt very good. You feel nervous when your friends start becoming doctors and engineers after studying from college. Even if they earn less than you, they are considered better than you in the society.

Nikhil Kamat does not want to buy a house 

Nikhil Kamat lives in a rented house. He believes that real estate prices are too high and wasteful. He said that I prefer to live in a rented house rather than buying a house. The prices and interest rates of houses and offices are beyond limits. There is no logic behind such high prices. He does not think that his thinking is going to change any time soon. Nikhil Kamat said that I am paying very low rent. On the other hand, a lot of capital is invested in buying a house and the returns are also not good.

Mother and father remained worried about him 

He said that he left school and started working. His parents were very worried about this. He didn't expect much from me. I come from an educated South Indian family. There was pressure on us to be successful like the children of our relatives. Despite this, my parents were patient with me and handled the situation well.

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