Zerodha's Nikhil Kamath criticised for buying house despite promoting renting for years. Netizens say 'benefits of being a billionaire'

economictimes.indiatimes.com:

Nikhil Kamath, the co-founder of Zerodha, has long been an advocate for renting over buying a home. Known for his outspoken views on real estate, Kamath surprised many when he recently announced that he has purchased his first house. This unexpected move has sparked a flurry of reactions on social media, with critics accusing him of hypocrisy and double standards.

In a recent episode of his podcast, 'WTF is with Nikhil Kamath,' the 37-year-old entrepreneur explained the reasons behind his change of heart. «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,» he noted. This lack of stability, he argued, led him to reconsider the benefits of homeownership.

During the episode, Kamath shared his experience of having to move out of his previous rental home, a situation he described as frustrating. «I had to move out of this house, whereas I might have liked to stay longer in this house,» he added, reflecting on the emotional challenges that accompany frequent relocations.

Social Media Backlash

While Kamath's revelations have sparked discussions about the renting versus buying debate, they have also attracted criticism from netizens. Many users took to social media to voice their discontent, highlighting the irony of Kamath's purchase after years of promoting renting. One user wrote, «Hey @NikhilKamath, so you preached that renting is better than buying a house, but then you went ahead and bought one yourself? Looks like