New Delhi, July 12 -- A Reddit user advised Indian H1B visa holders in the US not to buy a house right now. Many buy homes after a few years, especially when starting a family, because they believe renting is a waste of money. But, the user says that's not true.

High interest rates mean early mortgage payments mostly go to the bank as interest, just like rent. It's also money "lost", the user says.

According to the Reddit user, owning a home often brings more stress: longer commutes, lifestyle upgrades and added expenses like furniture and repairs. People feel pressured to spend more and stay in cities just because they own property.

"You'll upgrade to a comfortable SUV. You'll enter West Elm furniture instead of IKEA. You'll hire a la...