Nikhil Kamath, co-founder of Zerodha, surprised many by purchasing his first home after years of promoting the advantages of renting. On a podcast with industry leaders, Kamath revealed that the inconvenience of moving frequently pushed him to buy.
However, he still criticizes real estate’s illiquidity, preferring investments like gold. Kamath also pointed out the hefty stamp duty on property transactions, contrasting it with the stock market's flexibility. He questioned the profitability of renting or Airbnb, emphasizing the challenge of maintaining year-round occupancy. Kamath's net worth is $3.1 billion.