India, Dec. 1 -- A 32-year-old Bengaluru resident has sparked a discussion online after explaining why he refuses to purchase property in the city despite having a net worth of Rs.7 crore and a monthly salary of Rs.3.7 lakh.

In the post titled "Why buying a house in Bangalore makes ZERO sense to me (even though I can afford it)," the anonymous user shared he currently lives in a 3BHK in Jayanagar. He said that he pays Rs.35,000 in rent for an apartment located on a plot that is valued today at nearly Rs.8 crore. "Let that sink in. The rental yield is a joke. Buying at this price makes zero financial sense," he wrote.

The Redditor explained that although he can comfortably afford a Rs.2-3 crore home on the outskirts of Bengaluru, he is u...