Zerodha Founder Buys House After Advocating People to Stay on Rent

Zerodha founder Nikhil Kamath has finally purchased a house after strongly opposing the idea for years. In his podcast, with real estate experts Irfan Razack, Chairman & MD of Prestige Group, Nirupa Shankar, Executive Director of Brigade Group, and Karan Virwani, CEO of WeWork India, Kamath revived the debate over renting versus buying a house.

The 37-year-old entrepreneur said that he had finally given in to the idea of owning a house.

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Kamath explains his new viewpoint on the podcast

Kamath has always opposed the concept of buying a property calling it a liability. However, in a recent episode of his podcast, he admitted the disadvantage of renting a house. “The thing with renting, of all the advantages of renting, there is one disadvantage: you don’t have foresight as to when you can move out of the house. I had to move out of this house, whereas I might have liked to stay longer in this house,” he remarked. 

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But Kamath expressed his frustration with real estate investments as well. “I feel something like gold can give that to me. I hate the illiquid nature of real estate. Places like this have fewer buyers and if 10 people decide to sell, then price goes haywire and pricing is very arbitrary in nature," he pointed out.

Kamath compared real estate with the stock market, where larger volumes of buyers and sellers generate more stable pricing dynamics.

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