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Dual-Income Tech Couple Reconsiders Buying Rs 1

Posted By: Hemant Kumar Posted On: May 16, 2026Share Article
Dual-Income Tech Couple Reconsiders Buying Rs 1

Dual-Income Tech Couple Reconsiders Buying Rs 1.7 Crore Flat Despite Stable Jobs; Says 'Not Confident Now' Amid IT Layoff Fears

A dual-income techie has gone viral online after opening up about their fears of buying a Rs 1.7 crore flat at a time when layoffs and hiring slowdowns continue to haunt the IT sector.

The discussion began after a software developer shared a detailed post on Reddit, explaining the dilemma faced by them and their spouse. Both work in product-based IT companies as software developers and have over a decade of experience in the industry.

According to the post, the couple is eligible for a home loan and can comfortably arrange the down payment and monthly EMIs. However, the recent wave of layoffs across the tech industry has left them anxious about taking on a long-term financial commitment.

“Confused about buying a flat amid IT layoffs," the user wrote, while seeking practical advice from people who may have experienced something similar.

The techie explained that although they were initially excited about buying the property, uncertainty in the job market has made them question whether this is the right time to make such a large investment.

“Financially, we can manage the down payment and EMI, but with all the recent layoffs and uncertainty in the tech industry, we are feeling very anxious about committing to such a huge loan. We were initially excited about the purchase, but now we are second-guessing whether this is the right time or if we should wait for a couple more years," the user wrote.

They further asked fellow professionals whether buying property in the current climate was a reasonable decision and if anyone regretted taking a major home loan recently.

The post quickly gained traction online, with many users sharing cautionary advice and personal opinions on the state of the economy, layoffs, and the Indian real estate market.

One user commented, “If you can pay atleast 60-70% of amount as down payment, then go ahead. Otherwise it is not at all a good idea to have huge emis as agents are going to replace lots of mid management and developers."

Another user pointed to growing uncertainty in the IT sector and advised against rushing into a long-term commitment. “It’s simple.. look at the average number of people who have lost their jobs in last 12 months vs. last 5 years in India IT..There have been layoffs and then there are silent layoffs..

Now add that with the global uncertainties and you’ll have your answer.. save for the winter and don’t lock yourself in for a place for another 20-30 years of your prime.. another option is to ignore the risks, and hope nothing bad will happen from a job security POV.. which I believe isn’t the best way!"

Some users also criticised the current state of the housing market. “Please do NOT. Indian real estate is totally manipulated by politicians/builders/govt employees/bureaucrats. They have unlimited amount of money from bribes and corruption. If you don’t belong to any of them. Do NOT buy now," one comment read.

Another user highlighted the mental pressure associated with large EMIs during uncertain times. “Buy if you can do it cash down and have a similar amount left over in your account after you buy. Else nope out. No point having an EMI that can screw with your mental health. This are getting seriously difficult and I know some extreme leet coders sitting at home doing freelancing. Indian companies low ball you when you are down and bosses screw you if they know you have a loan."

Several others echoed similar concerns, suggesting that the couple postpone the decision until the market stabilises further.

“If you are hesitant even a bit, then don’t go for it! Make sure to save the money and go for it probably after a couple of years. Because, this situation is going persist at least for another year as far as i can see," one person advised.

Another added, “If after down-payment you can comfortably pay the emi and household expenses for atleast 2 years from your savings in case of a layoff or a huge 2008 like situation, go ahead."

A user wrote, “Too many variables here. What’s the property price? How much down payment are you giving, and what’s the expected EMI? Factor in the interior and registration costs into the flat’s price. What job expertise and experience do both of you have? Based on these, something can be suggested. Layoffs happen all the time. What’s important is whether you will be able to land a similar figure or not, based on your job domain, if you get laid off."

“Property price is around ₹1.6–1.7 Cr, and including registration + interiors, it will go even higher around 2 cr, which is what is making us nervous. We both work as development profiles in product-based companies with around 10–11 years of experience. I agree layoffs are always there, but the current market still feels a bit uncertain," the OP responded.

Source: News18
Related Posts: IT layoffs India, tech layoffs, Indian real estate market, home loan anxiety, buying flat during layoffs, dual income couple, Rs 1.7 crore flat, job security concerns

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