Mumbai woman raises concerns over against ‘home loan trap’: A practical reader guide

Mumbai woman raises concerns over against 'home loan trap': A practical reader guide

A Mumbai woman has sparked a conversation about home ownership, financial commitments and work-life balance after sharing a video of a seemingly deserted high-rise residential society on a Monday night.

Taking to Instagram, Ruchi Dubey pointed to the empty common areas of the upscale society, where she claimed flats cost crores and rents run into lakhs. She used the sight to question whether people taking on large home loans actually get enough time to enjoy the homes and amenities they work so hard to afford. “It’s a very big society. And, you know, flats here cost in the crores. The rents are also completely in lakhs here. Dubey then reflected on the trade-off between owning an expensive home and spending years working to repay it. “Most of the youth take home loans at a very young age, and then they spend their whole lives paying off the loan, and they are never able to enjoy that thing. Pointing towards the deserted premises, she added, “Like, you know, there’s nobody. See! So, make sure you take a wise decision and don’t get trapped in this home loan trap. The post garnered several reactions, with users weighing in on Dubey’s observations about home loans and financial freedom.

Because tomorrow is Tuesday,” she said, like, the entire garden is empty, all the lights in the society are off, and there’s not a single person in the parking lot. So, make sure that if you ever feel like buying something, a house or whatever, or making any financial decisions, think carefully before buying so that you don’t have to regret anything later,” Dubey said. But, you know, one thing I have noticed is that today is Monday night, and no one is here.