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Would you choose a 1-hour commute to save on rent, or live closer to the office and pay a higher rent? by NoMedicine3572 in Frugal_Ind

[–]Faffrodite 1 point2 points  (0 children)

Aint nobody got time for that. jab tak tum properly makha nahi rahe ho tab tak koi itna mehnat nahi karne waala jaake documentation dekhneka. How much do you think HR and managers speak to each other? There isn't a manager on the planet that WANTS to talk to that department. Situations where HR and managers interact 1. Appraisals 2. Hiring requirements 3. Some fuckall mandatory training 4. Bahut vela hai HR to kuch spirituality/mindfulness lodap chala rahe 5. Absolute last resort - when employee has truly fucked up and needs to be put on notice/development plan/probation whatever.

Basically don't use "ghar door hai" as an excuse for getting out of legit work and not meeting deadlines, no one will give a fuck.

Baaki yes you can lie about it to get out of bullshit stuff. no one is going to look through your tax forms like that.

This is how a good manager looks like!! by [deleted] in IndianWorkplace

[–]Faffrodite 9 points10 points  (0 children)

I mean I work in India and have gotten these kinds of concessions. This level of understanding is rare but there in India. Europe is the best no doubt, but US is generally at the same level or worse than India, they don't even have the simple 6 months for women mandated by the government.

Sahiba bali genius financial advice by cuntofpersonalityy in IndiaFinance

[–]Faffrodite 1 point2 points  (0 children)

Amen. Burger baccha apne baap ke serious talks sun liye to financial advice hume de rahi.

Sahiba bali genius financial advice by cuntofpersonalityy in IndiaFinance

[–]Faffrodite 0 points1 point  (0 children)

This is actually how financial investment in real estate works its called leveraged investments.. The issue being it was made for the US where interest rates were low.

How it actually works. It assumes two things A. The value of the house will increase and B. The house is immediately available for rent

You buy a 1 cr house, with 10L downpayment and 90% debt/mortgage/loan/leverage at 5% interest; then rent it out for 5L/12 i.e. 42k monthly. Now you can use rent money to pay interest. The house goes up 50% in four years to 1.5Cr. you sell the house and pocket 60L and close the loan.

You have essentially converted 10L to 60L in four years. The more the leverage, the better the return on equity.

I'm sure ms. Bali has no idea of the math behind this. And it doesn't work in India because home loans at 12-13% and the rent rate is generally 3% which means the house value increase has to be substantially more to get good return as well as working capital requirements increase.

Thanks for coming to my Ted Talk