The Economic Times

At 24, he earns Rs 1 lakh but parents want him to buy Rs 90 lakh home. Internet debates EMI trap vs smart investment

A 24-year-old earning 1 lakh a month sparked an online debate after sharing that his parents are pressuring him to buy a 8090 lakh flat. While he prefers to focus on savings and investments first, many internet users warned him about the risks of getting stuck in long-term EMIs, especially in an uncertain job market. Others, however, argued that buying property early can offer security and long-term value.