The Generational Divide

Whenever I observe a conversation between a son and his father or between a daughter and mother, a distinct difference of opinion is easily palpable on almost every issue. That’s but natural, as time changes, values and beliefs also undergo changes.

Today I’ll talk of investment and attachment in this context. My elder brother has got a beautiful duplex house at Nasik, but he has shifted to Dubai, where his son is settled. The house remains vacant.

Similarly my sister has a three storey house at Patna, but she lives in Singapore with her son. I have also built a house at Indore, but I’m not sure what will happen to it finally.

Seniors have built houses not only for themselves but also for their children, but the next generation is not interested in these houses, as they have no time to look after these properties.

One of my friends had built a house at  Guna in MP where he was in service, but his children have no time to register the property in their names. They blame their father for building a house in a village like place.

While the younger generation is moving away from real estate, the seniors are still attached with the real estate. The next generation seems to be pragmatic when mobility is the order of the day.

In certain cases and places, rent of a house is lower than its EMI. Moreover, it comes with no attachment. In a place like Mumbai, young people prefer to have fridge, furniture etc on rent instead of buying.

One more traditional investment of seniors is in gold coins and jewellery, which are now kept in a bank locker, since these are risky to handle. Young people blame seniors for enriching the bank with locker rent and locker deposit. But I agree in the long run, the return on gold is less than seven per cent.

Investing in gold like the real estate is often emotional, in the form of ornaments for spouse, daughters-in-law or for grandchildren, though the new generation doesn’t like old fashioned jewellery. They break it down into new designs, and even prefer to wear imitation rather than genuine jewellery that shines more and carries no risk.

As I said, values are changing fast, and so are we. Given the present trend, the future seniors may not be interested either in real estate or gold. They will not take pleasure in thinking of others, but will live for themselves. After enjoying a colourful life, they may shift to old-age homes or societies being built now, especially for senior citizens.

The future seniors may not live in poverty all their lives and die rich to make the next generation rich. That’s the pragmatism being shown by the new generation to the previous generation.

There was no respect for youth when I was young, and now that I’m old, there is no respect for age. I missed it coming and going.
-J. B. Priestly

–Kaushal Kishore

images: pinterest


  1. I agree with your article but when I look at this issue from my perspective I don’t think I’ll fit into the new generation you referred in this blog nor to the old generation. I guess I’m different 😀

    Liked by 1 person

    1. So you are in between the two. That’s a nice thing, not getting influenced by anyone, with independent opinion. Thank you, Arjun, for sharing your reflections 😊

      Liked by 1 person

  2. This early, I have told my daughter to put me in a facility for senior citizens in case she can’t take care of me in my old age. She got a little mad at me. She said, she will never ever leave me all by myself and will make sure that even in her married life, I will be with her. 😊😊😊 Of course, I don’t want to be a burden to her and her future family. I’ll just wait for that day to come.

    Liked by 1 person

    1. That’s very nice of your daughter and I truly appreciate her. It remains a fact that most of the senior citizens still prefer and do live with their son or daughter. The concept of old-age homes or senior citizen’s society, especially in India, is the recent trend. There is nothing like family. Thank you for sharing your frank reflections. My best wishes to you and your daughter.😊💐


  3. Such an interesting post, KK. I have always been drawn to real estate and see it as a wonderful investment. I find that parents are investing in properties, sot the kids may feel no need to. “values are changing fast, and so are we” could not agree more.💕 Love the end quote.💕

    Liked by 1 person

    1. I agree with you. I’ve also invested in real estate, as it’s tax efficient too. But during the last ten years or so in India, the return on investment in properties have remained almost stagnant. Normally kids have their own source of income and have to move from one job to another. So they like to remain free of encumbrances. Thank you, Grace for sharing your thoughts 😊💖

      Liked by 1 person

  4. I think, Kaushal, that your today’s post is unintentionally generalising. I know of quite a few of my Indian bloggers who live happily with their parents, even when married, and share their beliefs.
    After all the ten commandments were written in stone, and will always be valid, as much
    as the principles of Dharma, you have once listed. The vacant houses could be rented out,
    gold is and always will be of value, and could be used as an investment.
    The witty pictures you have used point, if my guess is right, to slightly “tongue-in-cheek” intentions.


    Liked by 1 person

    1. I also lived with mother and am living with my son. I have also mentioned that my elder brother and sister are also living with their married sons abroad. I was talking of the difference in choices of investment and the recent trend of old-age homes and senior citizen’s facilities coming up in India. As regards investment in gold, it will always have its value, no doubt, but its return on investment in the long run has not been lucrative compared to other forms of investment. Thank you, Joanna, for sharing your reflections and viewpoints.


      1. As an outsider, I should not make any guesses about changing things in India. As always, your courtesy shows in your words “I am living with my son”, while it is your son who lives with you.


        Liked by 1 person

      2. You’re no longer an outsider. You know much more about Indian culture and customs. And yes, the point raised by you is correct, I agree, it’s other way round.


  5. I agree though I am in my late 20s I am freelance real estate broker and it is absolutely an amazing investment for future as I am doing it for my parents . Thanks for this reminder 👍

    Liked by 1 person

    1. Great to know about you and glad that you are doing it for your parents. It’s certainly an emotional investment with good returns too both in the matter of taxation and price escalation, but in recent years the real estate has not picked up the pace it had earlier. Thank you for reading and sharing your beautiful reflections 😊💖


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