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An X user recently shared on X about how a once-glorious real estate purchase has now become a source of stress for his friend.
What was meant to be a dream asset has now turned into a weekly chore. (Representative Image)
Owning a home is often seen as a major financial achievement. But a recent post by personal finance expert CA Nitin Kaushik on X (formerly Twitter) has sparked a conversation about whether real estate still offers the peace of mind it once promised. Kaushik shared the story of a friend who bought an apartment in Gurugram in 2017 for Rs 1.1 crore, with Rs 85 lakh financed through a home loan. At the time, his friend proudly called it his “first big asset” and was thrilled about the purchase.
Things took a turn in 2022 when the homeowner moved to Canada for a new job. What was once a source of pride soon became a constant source of stress. Kaushik explained how his friend, now an NRI, has to deal with recurring issues from afar. These include handling tenant complaints, coordinating rent collection, paying society maintenance charges, and ensuring property taxes are settled—all from overseas.
🏠 He Bought a Flat for ₹1.1 Cr. Now It Costs Him Peace Every Weekend.In 2017, a friend of mine proudly booked his dream flat in Gurgaon.
📍 ₹1.1 Cr property🏦 ₹85L loanHe called it his “first big asset.” Everyone clapped.
Cut to 2022 — he gets a great job offer in…
— CA Nitin Kaushik (@Finance_Bareek) June 14, 2025
What was meant to be a dream asset has now turned into a weekly chore.
Kaushik highlighted that what was once a “proud investment” for his friend, has now turned into a “logistical headache”. The chartered accountant said that the property “doesn’t earn much” and suggested that it definitely does not sit right with the idea of “freedom” that real estate investments are commonly believed to be associated with.
Sharing his two cents, Kaushik strongly asserted that real estate is not always a “wealth-building move” and can sometimes be a “long-distance liability” in the guise of an asset. “Passive income? More like passive frustration,” he wrote. Kaushik tacitly cautioned potential property owners to reconsider their decision to own a ‘dream flat’. He urged them to ask themselves a simple question before going through with any such purchase: “Are you buying security, or just stress in EMIs?”
A team of writers and reporters decodes vast terms of personal finance and making money matters simpler for you. From latest initial public offerings (IPOs) in the market to best investment options, we cover al…Read More
A team of writers and reporters decodes vast terms of personal finance and making money matters simpler for you. From latest initial public offerings (IPOs) in the market to best investment options, we cover al… Read More
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Delhi, India, India
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