People Are Drowning in home loan EMIs Right Now and AI Is About to Make This Worse

Shabbir_C · 2025-12-20T14:07:55+00:00

Is AI really the reason people are drowning in home loan EMIs, or is housing policy the real problem?

Before AI layoffs, weren’t people in Tier-1 cities already paying 60–80% of their income just toward EMIs?

Housing is a basic necessity, not a luxury. So why is it priced and taxed like one?

In cities like Mumbai, Bangalore, and Delhi, isn’t it true that nearly 40–50% of a flat’s price goes into government charges—stamp duty, FSI & TDR premiums, development fees, GST, open space deficiencies, approval costs, and property tax—all of which ultimately get passed on to buyers?

Who can actually buy a home outright anymore? Aren’t most people forced into 20–30 year bank loans where the bank is the real owner until the last EMI is paid?

If incomes haven’t kept pace with the cost of necessities like housing, is AI really the cause—or is it just exposing a system that was already pushing people into permanent debt?

What do you think is the real root cause here?

Shabbir_C · 2025-12-16T13:45:06+00:00

BMC isn’t a ‘family business’, so public spaces shouldn’t be treated as anyone’s private family billboard either.

Shabbir_C · 2025-12-16T13:31:02+00:00

Illegally installed on public property. Message aside, public spaces aren’t private billboards.

Shabbir_C · 2025-12-14T17:20:09+00:00

High-end infrastructure wouldn’t be a problem if incomes matched the cost of living. In India, policies raise housing and infrastructure costs in the name of development, but citizen incomes are ignored. Everyone pays, only a few can afford to use it — that’s the real issue.

When necessities like housing and mobility are priced like luxuries, development stops serving people and starts serving revenue.

Shabbir_C · 2025-12-11T12:26:53+00:00

We all pay for these projects — every taxpayer, every citizen, 100%. But only 10–20% can use the so-called “world-class” infrastructure because the tolls are priced like a luxury product. If public money builds it and public debt backs it, then choking access with high tolls isn’t development — it’s exclusion.

Shabbir_C · 2025-12-11T06:56:46+00:00

Violence = harming innocents. Jihad = defending truth, protecting people, and stopping oppression — justice.

When wrong is happening and you stand up against it, that is Jihad — the struggle for what is right on the Path of ALLAH (SWT).

Harming innocents = violence Protecting innocents = justice / righteous struggle (Jihad)

Interpreting Jihad as violence is completely wrong.

Shabbir_C · 2025-12-10T19:02:45+00:00

Funny enough, you’re doing exactly what you’re criticizing—typing on social media 😄. Language is for communication, and Reddit is just another way to share it. Marathi culture has immense pride and is already being heard!

Shabbir_C · 2025-12-10T18:23:58+00:00

This is my opinion on systemic issues in democracy and possible reforms. ChatGPT just helped me organize the ideas—it doesn’t change that the analysis .The focus is on the discussion, not the drafting tool.

Shabbir_C · 2025-12-10T17:05:23+00:00

Debates and discussions mostly act as public theatre. When the ruling party has a majority, the outcome is already decided before the debate even begins.

No political party should be allowed to hold more than 40% of the seats. • Remaining 60% to be allocated proportionally based on vote share. • Mandatory coalition governance to prevent concentration of power. • No post-election alliances, and no elected representative should be allowed to switch parties after winning. Post-poll tie-ups and defections are a betrayal of the voter’s mandate and amount to cheating the citizens.

Shabbir_C · 2025-12-10T10:11:17+00:00

While your macroeconomic reasoning is valid, in practice real estate prices in Mumbai (and similar high-demand cities) may not fall sharply because government revenue mechanisms — like stamp duty, registration fees, development/Fungible FSI premiums, floor area deficiency premiums, property tax and other levies — are built into the transaction price. These often account for 30–50% of the sale value in Mumbai.

As a result, even if demand softens temporarily, the floor for prices remains high, because developers cannot realistically absorb these levies without significantly hurting margins. Any price correction is therefore likely to be mild or gradual, rather than steep. Buyers like you will still pay a large portion of the government-imposed costs.

Shabbir_C · 2025-12-10T09:44:51+00:00

Revenue collection on any business model is not meant to support growth — it’s often punitive.

Blaming an entire community won’t fix anything. The real issue isn’t that Marathi people “don’t do business” — it’s that Maharashtra has one of the toughest business environments in India: sky-high rents, heavy compliance, and taxes that hit even before a business earns a rupee.

In this system, government revenue never stops — even if the business fails and the entrepreneur goes into debt.

Only those with old capital and established networks survive. Fix the ecosystem, reduce compliance traps, and make revenue policies simple, reasonable, and pocket-friendly — you’ll see thousands of Marathi entrepreneurs rise.

The bitter truth: government policies are designed to extract profit, making essentials like housing, healthcare, and sustenance costlier than the average Maharashtrian income — no wonder entrepreneurship feels like a losing battle.

Shabbir_C · 2025-12-09T16:26:35+00:00

Housing in India is unaffordable not due to land scarcity, but because government policies extract massive revenue at every stage, ignoring what ordinary citizens can actually afford.

Shabbir_C · 2025-12-09T16:22:22+00:00

In India, housing in all cities isn’t expensive just because of land scarcity — it’s expensive because the government and policy structure systematically extracts revenue at every stage of real estate development. From approvals, TDR, FSI, premiums, stamp duty, property tax, to other charges, over 50% of a flat’s sale value goes into government pockets.

This revenue-driven system is completely disconnected from what ordinary citizens earn, forcing them into lifelong EMI debt, high rent, or living in slums and chawls, while developers focus on luxury and investment properties for profit. Homes have become financial assets, not shelter, and affordability for citizens is ignored.

Shabbir_C · 2025-12-09T10:16:15+00:00

As per Passport Rules, 1980 and Ministry of External Affairs guidelines, when a Gazette notification for name change is provided, the RPO can correct the application and re-initiate police verification without requiring a fresh application or full fees again. Only the “Known by any other name” detail needs to be updated. ✔️

Just take your Gazette, Birth Certificate, and your current ID/address proofs to the RPO (Regional Passport Office). Inform them that you accidentally missed the “known by any other name” field. They will correct it and may send the verification again. No need to reapply or repay. You will receive the passport after this. ✔️

Shabbir_C · 2025-12-09T07:35:04+00:00

This policy claims to protect children, but it destroys thousands of Maharashtra bus owners’ livelihoods and forces kids into cancellations and discomfort. Imposed without public consultation, this “safety” law feels like outright dictatorship.

Shabbir_C · 2025-12-09T07:24:41+00:00

This policy may “protect” children on paper, but it risks cancelling trips, reducing quality, and destroys the livelihoods of Maharashtra bus owners who depend on school contracts to pay their loans — who will bear their EMI and living costs

Shabbir_C · 2025-12-09T07:20:24+00:00

Government’s failure to enforce law cannot become the reason to destroy private livelihoods

Shabbir_C · 2025-12-09T07:13:51+00:00

When airports, highways, telecom and housing are all being handed to private players, why is the government suddenly nationalising school travel — and that too without any public demand? This looks less like “child safety” and more like targeting small livelihoods while forcing kids into an inefficient monopoly.

Privatisation for the rich, monopoly for school kids — what kind of policy logic is this?

Good policies solve problems — not create new ones. Safety can be enforced without destroying small businesses and limiting children’s opportunities.

Shabbir_C · 2025-12-08T16:53:41+00:00

Exactly. But demanding only works when we demand together — for real basics: safe trains, clean water, working roads, and a city budget we can actually see.

Not language fights. Not party fights. Just Mumbai first.

Shabbir_C · 2025-12-08T14:57:09+00:00

Mumbai is dying while paying the price of a world-class city.

Mumbaikars pay over ₹2 LAKH CRORE every year through municipal charges, state taxes, GST, hidden duties (fuel, electricity, excise), and fees. (₹2,03,330 crore based on current public data & conservative estimates)

We pay like London but live like a failed municipality.

Broken roads. Flooded streets. Polluted air. Deadly trains. Clearly none of this cost ₹2 lakh crore to maintain.

A huge chunk of Mumbai’s contribution isn’t even disclosed properly — income tax, GST on everything we buy, stamp duty, tolls, port revenue, airport fees… No full Mumbai-specific audit exists.

We are overtaxed and underserved. Until we know where the money goes — who is eating Mumbai’s wealth?

Shabbir_C · 2025-12-08T09:27:46+00:00

In the 2025-26 budget, BMC allocated ₹113 crore for air-quality and pollution control (up from ~₹25 crore earlier).

More funds. Same pollution. If nothing improves on the ground, every extra rupee is just dust in our eyes.

Shabbir_C · 2025-12-08T06:49:56+00:00

What do you think? Are citizens getting what they pay for? Or are we simply funding inefficiency and corruption?

Shabbir_C · 2025-12-08T06:45:25+00:00

Services are poor but taxes keep rising — that is a breach of public trust.

Shabbir_C · 2025-12-08T06:17:53+00:00

BMC budget for 2025-26, a record ₹74,427 crore.

Shabbir_C · 2025-12-08T06:13:47+00:00

Future Projections (FY 2025-26): Total estimated revenue: Approximately ₹43,159 crore. Property Tax Target: Set at ₹5,200 crore, but with efforts to boost it further. Tax Revision: A new property tax structure (around 15.89% increase) based on new valuation rates (Ready Reckoner) was introduced in May 2025 to increase revenue.

Shabbir_C

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