Chennai Couple Earns Rs 1.5 Lakh Per Month, Still Dreams of Buying a House; Internet Calls It a 'Sad Reality

Chennai: An X post is doing rounds on social media wherein a story about a Chennai-based couple earning Rs 1.5 lakh per month paying high taxes is highlighting the difficulties of homeownership in India's urban places. Despite their high income, the couple still dreams of owning a home. This situation has sparked a broader conversation about the financial difficulties faced by many in India's metro cities. The X post shared by Chennai-based financial planner D Muthukrishnan mentioned that the couple living in an upscale area of Chennai, earns a combined Rs 1.5 lakh monthly. The husband works full-time, while the wife balances part-time work with child care. They together operate a clinic, where they charge Rs 500 for a 30-minute session. But the couple faces high commercial costs for electricity, property tax, and other expenses.

I live in a posh area in Chennai.

There is a successful physiotherapist couple in my area having own clinic, paying EMI.

They are in late thirties.

They charge Rs.500 for 30 minutes of their time. The husband works full time. Wife works only for few hours a days as she has…

— D.Muthukrishnan (@dmuthuk) October 7, 2024

The post read, ''After EMI and all expenses, they together make Rs 1,50,000 a month – say husband Rs 1 lakh and wife Rs 50k a month. I'm talking about a successful professional couple in a city like Chennai. Earning money and creating wealth is very difficult in India. They dream of owning a home one day. Even for people like them, it's a dream.'' Public ReactionThe post sparked a conversation on India's rising cost of living, specially in metropolitan cities like Chennai. One user commented, ''It's a tough reality, especially in metro cities. The cost of living vs income gap is widening, and it feels like no matter how hard you work, owning a home remains a distant dream for many in urban India.'' Another user wrote, ''Educated white-collar workers who don't cut corners and pay legit rates (income, electricity, GST) don't have a chance in hell to earn and create generational wealth.''