India, June 5 -- A Reddit post by a 53-year-old who lost his job has sparked discussion about the ideal time to buy a home. He shared that he purchased a Rs.2 crore house seven years ago without taking a loan. Now, even after losing his job, he lives stress-free by relying on a Systematic Withdrawal Plan (SWP) to cover his expenses.

His advice: don't rush into homeownership in your early 40s. Instead, take calculated risks, explore better career opportunities, and focus on building a solid financial foundation through investments. "There's no need to hurry. Don't fall for FOMO," he cautioned.

The Reddit user compared his situation to a friend who bought a home 15 years ago and is still paying EMIs. His advice to younger people is to foc...