Real estate is something every person has to deal with when it comes to living life in the old age. Some people live in rented properties during the youth but as they get older they get their own property. So while I am in the mid of this journey, a lot of things I have learned along the way.

Note: This post highly specific to my own experience and observations. This may not apply to you. 

Better Package, Better Company, Buy Home

Let's say you are hired by Google or IBM or any other big company. You get a good salary in your 20s. Your natural action should be buying home because you would be easily repaying it in few years before even touching 30 or 35 in most cases. As long as you are on a good package, buying home early makes sense.

In the same state, buying home, having kids and marrying early makes sense. I am assuming in this scenario you are in upper tier based cities and your salary can afford all of this. So as the scenario puts you in strong position, buying early and making your foundation strong makes sense.

Exception exists where you are in small city, town etc, where this whole scenario is scrapped in the first place.

Medium Package, Uncertainty, Delay Buying

Say you are a freelancer, or someone who has medium level of salary. In such case you are better off delaying most of the things in your life. Because paying for big house, apartment flat or even buying a land would not be easy in big cities. Like you would get old trying to pay for those things and life would eventually move away from your hands as is.

So you have an option to increase your income then achieve those targets one at a time. That would make most of your life things possible and also it would give you much more control over the life phases. Just make sure to adjust the gap on the financial terms. Make sure to add and reduce things as your age permits.

Low Package, Extreme Uncertainty, Cosmic Intervention

Let's say my salary and earning is extremely low and the things that I get in life are very uncertain. Like marriage, kids, land, job, house etc are all not in my control due to the low salary. The thing you can do in this case is find the lowest possible option, achieve it first and stack up to the top. That's the only way to deal with the uncertain life scenario like this.

A lot of things would be in the control of universe or as they say cosmic intervention. Because the less money you have the more control rest of the people and universe have over you. So you do the things that you can control and then stack up the life from that point onwards.

PS: These are just my observations on what I feel the situation is with most of the people since the pandemic and the recession these days. So I am sure in near future a lot of people could be experiencing things lot differently as well.

I feel real estate is complicated topic, some people have it easy and some people have to think a lot to own even an sq ft of land.

What's your observation in context of Real Estate?