Zerodha co-founder Nikhil Kamath faces backlash for buying first home after advocating for renting

Nikhil Kamath, co-founder of Zerodha, faced criticism after buying his first house, despite previously advocating for renting over buying. Social media users labeled him a "hypocrite" and questioned his advice on homeownership. Kamath's purchase sparked backlash, with some accusing him of double standards. Critics argued that his views on renting were misleading, especially for those who followed his financial guidance. In a podcast, Kamath explained his decision, citing the unpredictability of renting. He noted that moving out of a rental can be challenging, which influenced his choice to buy a home.