Archive · 8 Jun 2025
High Earners Struggle with Mumbai's Unaffordable Housing
Imagine someone making a lot of money, like ₹2.5 lakh every month, in a big city like Mumbai.
Even they can't easily buy a home!
Houses cost so much that most of their money would go to pay the bank each month.
People online are talking about this because it seems like even if you earn a good salary, it's still hard to afford a place to live.
They feel like they're trapped working only to pay for a home.
A Reddit user highlighted the difficulty of affording a home in Mumbai despite a high salary.
The user earns ₹2.5 lakh per month but cannot afford a home costing ₹5 crore or more.
Even a ₹3 crore home would require an EMI of over ₹1.5 lakh per month.
The situation reflects a growing sentiment among professionals feeling financially strained.
The article questions the housing affordability, even for top income earners.
- Who
- A Reddit user and other professionals in Mumbai.
- What
- Discussion on unaffordable housing costs in Mumbai.
- When
- The news was reported in June 2024.
- Where
- Mumbai, India.
- Why
- Soaring real estate prices make homeownership difficult for high-earning professionals.
Homeownership Struggle
Financial Stability
Financial Security
Homeownership Struggle
High earners struggle to afford homes, limiting financial freedom.
Financial Stability
Having financial freedom and a home offers a sense of stability
- User's Monthly Income
- ₹2.5 lakh per month
- Cost of a decent home
- ₹5 crore or more
- Estimated EMI on ₹3 crore home
- ₹1.5 lakh per month
- Location
- Mumbai, India
