You
may
have
oticed
it
al eady:
you
f ie ds
who
moved
to
the
U ited
States
buy
homes
the e
almost
immediately.
They
do ’t
wait
fo
five
yea s,
o
u til
they
fi ally
get
a
g ee
ca d.
They
buy
thei
homes
ight
away.
Whe
you
a e
still
chasi g
e tal
listi gs
back
home,
they
a e
posti g
photos
of
thei
housewa mi g.
But
how?
I
a
video
sha ed
o
I stag am,
Pa th
Vijayve giya,
a
I dia
ma ,
spoke
about
how
he
bought
his
home
i
the
US.
A d
it
is
mo e
ua ced
tha
‘a ythi g
is
possible
i
Ame ica’.
Whe
e t
a d
mo tgage
payme ts
collide
Whe
e t
a d
mo tgage
payme ts
collide
The
maths
behi d
why
you
f ie d
could
affo d
a
home
i
the
US
immediately
is
actually
simple.
It
eally
boils
dow
to
how
e t
a d
mo tgage
payme ts
wo k
i
the
cou t y.
Payi g
a
mo tgage
feels
almost
the
same
as
payi g
e t
the e.
Pa th
Vijayve giya
b oke
dow
his
ow
pu chase
i
the
video.
“We
live
i
the
US,
a d
the
house
you
see
behi d
me,
we
bought
th ee
yea s
ago.
It
was
a ou d
$359,000,
which
is
a ou d
₹3.25
c o e
today.
Today,
its
value
is
a ou d
$390,000
to
$400,000,
which
is
a ou d
₹3.7
c o e,”
he
said.But
the
eal
deal
is
i
how
much
o e
pays
i itially
to
buy
a
house.
“Whe
we
bought
this
house,
we
paid
$45,000,
which
is
a ou d
₹40
lakh
as
a
dow
payme t,”
Vijayve giya
said.
This
is
o ly
about
12.5%
of
the
pu chase
p ice.“I
the
US
o
a y
othe
Eu opea
cou t y,
it’s
easy
to
buy
a
house
because
the
loa
te ms
a e
30
yea s.
If
you
take
a
loa
fo
30
yea s,
the
the
payme t
a d
the
e t
of
such
a
house
a e
ve y
simila ,”
he
explai ed.30-yea
fixed- ate
mo tgages
sp ead
payme ts
ac oss
360
mo ths,
maki g
them
lowe
tha
sho te -te m
loa s.
The
t ade-off
is
i te est,
but
fo
someo e
aski g
‘ e t
o
buy?’,
the
mo thly
umbe
is
what
sticks.
Whe
you’ e
looki g
at
ea ly
ide tical
payme ts
eithe
way,
the
maths
shifts
adically
i
favou
of
ow e ship.
A d
that’s
exactly
why
ma y
people
ca
immediately
affo d
a
home.
“So,
you
must
be
seei g
that
you
f ie ds
who
a e
goi g
to
Eu ope
o
Ame ica,
they
a e
buyi g
a
house.
Because
of
this,
you
ca
buy
a
house
by
payi g
a
10–15%
dow
payme t,
a d
the
p ocess
is
ve y
st aightfo wa d,”
he
added.About
66%
of
I dia
buye s
pu chase
p ima y
eside ces,
acco di g
to
the
Natio al
Associatio
of
REALTORS’
2025
epo t.
This
is
the
highest
sha e
amo g
the
majo
fo eig -buye
g oups
i
the
cou t y.
I
most
e tal
ma kets
i
Ame ica,
you’ e
se di g
mo ey
to
a
la dlo d
who
builds
equity
o
you
dime.
O
the
othe
ha d,
with
a
mo tgage,
you’ e
buildi g
equity
i
a
app eciati g
asset
ove
time.
That’s
exactly
why
buyi g
a
home
feels
bette
tha
e ti g
o e.
I te et
eacts
The
video
is
flooded
with
comme ts,
with
etize s
ag eei g
with
the
ma
while
also
poi ti g
out
some
facts
he
might
have
ove looked.
“T ue,
i itially
the
home
loa
used
to
be
at
a
ve y
mi imal
i te est
ate,
i.e.,
10
yea s
ago,
as
the
p ice
of
p ope ty
i
the
US
does ‘t
go
sudde ly
up
o
dow .
But
ow
thi gs
a e
ot
the
same,
it
seems,”
o e
use
said.
A othe
use
poi ted
out
that
p ices
diffe
ac oss
the
states.
“B o,
please
make
the
video
without
ge e alisi g
Ame ica.
State
the
ame
of
you
state.
Whe eve
you
live
is
ot
the
whole
US.
I
live
i
the
Bay
A ea
(Silico
Valley),
a d
home
p ices
he e
a e
way
ove
$1.5M.
Othe
i fo matio ,
like
loa
te u e
a d
dow
payme t,
is
co ect.
Mo tgage
vs
e t
is
i accu ate.”
A
thi d
ag eed,
“NYC
houses
sta t
at
$1.2M
mi imum
fo
a
two-bed.”
A othe
asked
how
the
ma
ma aged
to
get
a
good
deal.
“I
live
i
the
US
too.
How
did
u
get
the
house
fo
such
a
cheap
p ice
just
th ee
yea s
ago?
The
p ices
a e
quite
high
ow;
of
cou se,
depe ds
o
the
a ea
too.”Fo
ma y
I dia
immig a ts,
homeow e ship
also
co ects
to
deepe
cultu al
values
a ou d
p ope ty
a d
secu ity.
So,
eal
estate
is
a
impo ta t
pa t
of
thei
wealth-buildi g
st ategy.