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recent Reddit post has sparked a heated discussion about the Indian real estate market, describing it as a "wealth transfer mechanism" that exploits middle-class ambitions. The system works by drawing in politicians, bureaucrats, and businessmen who buy properties at low costs, only to sell them to the upper-middle class at inflated prices after years of speculative activities and government policies.

    These new buyers finance their purchases with large loans, often extending over 20-30 years, which can result in significant profits for the initial investors while leaving new buyers with substantial debts. The post argues that this cycle perpetuates a wealth transfer from the working class to the elite, with banks collecting interest on these loans for decades.

    The system relies heavily on inflated IT salaries, which enable individuals to take on large loans for properties and sustain the market's momentum. However, if IT salaries stagnate or correct, the pool of buyers for expensive properties could dwindle, risking the collapse of this real estate system.

    Some Redditors disagree with the post, arguing that prices inflate due to currency devaluation caused by money printing, making flats a better store of value than cash. Others claim that the concept of wealth is flawed when middle-class individuals invest in real estate solely for residential purposes, rather than generating income from it.