01 April 2024 – Radhika Gupta, CEO of Edelweiss MF, said that emotional factors often override sound financial judgment when making a home purchase. If it weren’t for the emotional connection that houses evoke, she pointed out, many sensible investors would not purchase them.
Only some of us would purchase a property if investing made sense since the rental return calculation is never justified! However, it is not. And a lot of us purchase houses, myself included as a professional asset manager,” she wrote on X. For many of us who wear jewellery, the same is true.
Sometimes, angel investment is involved as well. “Investments are things you can look at with a genuinely detached perspective,” the speaker said.
Conclusion
In response to Radhika Gupta’s tweet, author and social media content creator Ankur Warikoo said, “Purchasing a home is the most emotional financial choice one will ever make. And one needs to attempt to create it. Just have a look at the stats first. Give objectivity a chance to weigh in before letting emotions cloud your judgment.”