Latest news with #CalebFriesen
India Today
an hour ago
- Business
- India Today
Canadian man stunned by Rs 19 lakh rent deposit for flat in Bengaluru
A Canadian man, currently living in Aizwal, seemingly planning to shift to Bengaluru, triggered discussion on social media after he called out the steep rental deposit system in the city's housing a now-viral post on X, Caleb Friesen shared a listing of a 3BHK flat in Bengaluru's upscale Diamond District, Domlur. While the monthly rent was listed at Rs 1.75 lakh, it was the security deposit - Rs 19.25 lakh - that shocked him the 19 lakh for security deposit! Absolutely bonkers what landlords are expecting these days. I could literally buy a new Mahindra Thar for less than this deposit,' he wrote in his post. Caleb also asked if anyone could help him find a place in or around Indiranagar with a 2-3 month deposit, keeping his rent budget between Rs 80,000 and Rs 1 lakh. See the post here:His reaction struck a chord as several Bengaluru residents flooded the comments section with their personal experiences and humour-laced takes on the rental market.'LOL. Unless they offer a butler, chef, and driver, this isn't good enough. If I pay, I want three daily massages, a hot shower, and AI playing music throughout the home. My entire home should be like Alexa. My bed should have AI providing minerals to my brain for sleep,' a user user compared the situation with Mumbai, saying, 'Glad this culture in Bengaluru real estate hasn't reached Mumbai. A landlord here asked Rs 5 lakh/month for a 4BHK with the standard 3-month deposit. The tenant offered 5 months' deposit to reduce rent to Rs 4 lakh/month. The landlord said no.'Others questioned whether renting even made financial sense anymore. 'This is why some finfluencers say buying houses is a waste of money. According to them, paying high amounts as interest-free security deposits is better than paying EMIs,' someone pointed of the users said: 'Totally insane, landlords acting like they're leasing out Mars, not a 2BHK in Indiranagar. 19L is a down payment, not a deposit.'See the comments here: Notably, this isn't the first time Caleb has made headlines for his social media posts. Earlier, he had shared a video comparing Bengaluru's chaotic traffic to the quiet streets of Aizawl, which also went post sparked more than just a chuckle. It reignited a longstanding debate on the affordability and fairness of urban housing norms, especially for tenants navigating major cities like has previously addressed the issue of India running out of affordable homes in a detailed article. Click here to read it. - EndsTrending Reel
Indian Express
2 hours ago
- Business
- Indian Express
‘Absolutely bonkers': Canadian influencer shocked after Bengaluru landlord asks Rs 19 lakh deposit for 3 BHK
Bengaluru, also known as the Silicon Valley of India, is notorious for its exorbitant rents. Recently, Canadian tech influencer Caleb Friesen shared his shock on X after a property listing for a 3 BHK apartment required him to pay a Rs 19 lakh deposit. Friesen has lived in India for eight years. The listing for a 3 BHK apartment in the upscale Diamond District, Domlur, showed a monthly rent of Rs 1.75 lakh. But what stunned him was the security deposit of Rs 19.25 lakh. 'Rs 19 lakh for security deposit! Absolutely bonkers what landlords are expecting these days,' Friesen wrote in his now-viral post. 'I could literally buy a new Mahindra Thar for less than this deposit. anyone know of a place in/around Indiranagar with 2-3 months deposit only? rent price range Rs. 80 to 1 lakh,' he wrote on X. See the post here: Rs. 19 lakh for security deposit! absolutely bonkers what landlords are expecting these days, I could literally buy a new Mahindra Thar for less than this deposit anyone know of a place in/around Indiranagar with 2-3 months deposit only? rent price range Rs. 80 to 1 lakh — Caleb (@caleb_friesen2) June 28, 2025 The post resonated with several social media users facing similar housing woes in urban India. Reacting to it, a user wrote, 'You can buy a brand new one for that much in Kolkata and other tier 2 cities,' a user wrote. 'This is why some finfluencers say that buying houses is a waste of money. According to them paying high amounts as interest free security deposit is better than paying EMIs!' another user commented. 'I'd say that you should be prepared to get your hopes quashed with your requirement. House renting is a mafia in this city,' a third user reacted. Friesen left Canada and moved to India in his early 20s as he believed growth is 'unavoidable' in the country. In a post on Instagram, he shared that he lived in Aizawl, Mizoram, for several years and then decided to move to Bengaluru. Watch here: A post shared by Caleb Friesen (@caleb_friesen) 'When you commit, growth can happen — even without action,' he says in the video.
NDTV
19 hours ago
- Business
- NDTV
"Rs 19 Lakh Security Deposit": Canadian Man Stunned By Bengaluru's Rental Norms, Calls It "Bonkers"
Needless to say, housing in Bengaluru is extremely expensive, and finding a decent place to rent or buy can be a real challenge. Recently, a Canadian man living in India sparked a discussion online after expressing shock over the city's rental norms, particularly the requirement of high security deposits. Taking to X, Caleb Friesen shared a screenshot of a property listing for a 3BHK apartment in the city's upscale Diamond District in Domlur. The rent? Rs 1.75 lakh a month. But it was the security deposit, a staggering Rs 19.25 lakh, that left him baffled. "Rs 19 lakh for security deposit! absolutely bonkers what landlords are expecting these days, I could literally buy a new Mahindra Thar for less than this deposit. anyone know of a place in/around Indiranagar with 2-3 months deposit only? rent price range Rs. 80 to 1 lakh," he wrote while sharing the picture of the property listing. Take a look below: Rs. 19 lakh for security deposit! absolutely bonkers what landlords are expecting these days, I could literally buy a new Mahindra Thar for less than this deposit anyone know of a place in/around Indiranagar with 2-3 months deposit only? rent price range Rs. 80 to 1 lakh — Caleb (@caleb_friesen2) June 28, 2025 The post has gone viral on X, garnering more than 43,000 views. It has sparked a discussion about Bengaluru real estate and rental prices. "I'd say that you should be prepared to get your hopes quashed with your requirement. House renting is a mafia in this city," wrote one user. "This is why some finfluencers say that buying houses is a waste of money. According to them paying high amounts as interest free security deposit is better than paying EMIs!" commented another. "I was thinking about moving to Bangalore after I left Chennai. But, after 1st round of interview with that office in based in Bangalore I checked properties around. All of them have sequrity diposit more than my salary. So, dropped idea of moving to Bangalore," shared a third user. "So landlords are demanding a literal kidney's worth of money for deposit. What a joke!!" expressed another. "Actually he is being nice here. It's 10 times the rent in Bangalore. Which is 21 lacs. Crazy!" one user wrote. The post also prompted some hilarious responses. "Don't buy a Thar. That's for special folks only," quipped one user. "Negotiable rent and non-negotiable deposit!" Jokingly said another.
Economic Times
21 hours ago
- Business
- Economic Times
Rs 19 lakh to rent a flat? Canadian in Bengaluru shocked by deposit demand, says he'd rather buy Thar; Netizens react with jokes and advice
A Canadian man in India ignited a social media frenzy after sharing a Bengaluru flat listing with a staggering Rs 19.25 lakh security deposit. This exorbitant amount, exceeding the cost of a new car, sparked jokes, advice, and disbelief among X users. Many offered alternative locations and practical tips to navigate the city's challenging rental market. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads X users react: Jokes, advice, and real estate realities Practical suggestions pour in A Canadian citizen living in India has sparked a fun and furious online debate after posting about the sky-high rental deposit demanded for a flat in Bengaluru. Caleb Friesen took to social media platform X (formerly Twitter) to share a listing for a 3BHK flat in Diamond District, Domlur, and it's not the rent that stunned people, it was the Rs 19.25 lakh monthly rent was already a hefty Rs 1.75 lakh, but the security deposit left people gobsmacked. Caleb wrote:'Rs 19 lakh for security deposit! Absolutely bonkers what landlords are expecting these days. I could literally buy a new Mahindra Thar for less than this deposit. Anyone know of a place in/around Indiranagar with 2–3 months deposit only? Rent price range Rs 80,000 to 1 lakh.'The post went viral, quickly gaining over 18,000 views and opening the floodgates to all kinds of user joked, 'Don't buy a Thar. That's for special folks only,' while another wrote, 'Negotiable rent and non-negotiable deposit! Classic Bengaluru.'Some came forward with solutions too. A fellow resident offered, 'Looking for a flatmate in my 2BHK, no deposit needed, just feature our startup in your videos.'Another person made a serious point: 'You could buy a flat in Kolkata for that much!' To which Caleb replied, 'Lol, yeah same in Aizawl where I'm currently living. Crazy.'While some poked fun, others were more practical. One user advised Caleb to try Mahadevapura, a nearby area known for more reasonable rents. Another chimed in, 'Better to meet local brokers, online searches don't always show the real options.'A common theme was disbelief. 'Damn! That's too huge,' one user wrote, summing up the general mood.
Time of India
a day ago
- Business
- Time of India
Rs 19 lakh to rent a flat? Canadian in Bengaluru shocked by deposit demand, says he'd rather buy Thar; Netizens react with jokes and advice
A Canadian citizen living in India has sparked a fun and furious online debate after posting about the sky-high rental deposit demanded for a flat in Bengaluru. Caleb Friesen took to social media platform X (formerly Twitter) to share a listing for a 3BHK flat in Diamond District, Domlur, and it's not the rent that stunned people, it was the Rs 19.25 lakh deposit. The monthly rent was already a hefty Rs 1.75 lakh, but the security deposit left people gobsmacked. Caleb wrote: by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Join new Free to Play WWII MMO War Thunder War Thunder Play Now Undo 'Rs 19 lakh for security deposit! Absolutely bonkers what landlords are expecting these days. I could literally buy a new Mahindra Thar for less than this deposit. Anyone know of a place in/around Indiranagar with 2–3 months deposit only? Rent price range Rs 80,000 to 1 lakh.' X users react: Jokes, advice, and real estate realities The post went viral, quickly gaining over 18,000 views and opening the floodgates to all kinds of responses. Live Events One user joked, 'Don't buy a Thar. That's for special folks only,' while another wrote, 'Negotiable rent and non-negotiable deposit! Classic Bengaluru.' Some came forward with solutions too. A fellow resident offered, 'Looking for a flatmate in my 2BHK, no deposit needed, just feature our startup in your videos.' Another person made a serious point: 'You could buy a flat in Kolkata for that much!' To which Caleb replied, 'Lol, yeah same in Aizawl where I'm currently living. Crazy.' Practical suggestions pour in While some poked fun, others were more practical. One user advised Caleb to try Mahadevapura, a nearby area known for more reasonable rents. Another chimed in, 'Better to meet local brokers, online searches don't always show the real options.' A common theme was disbelief. 'Damn! That's too huge,' one user wrote, summing up the general mood.
