The fourth generation (housing, future, etc ...)
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actually, are these really good to a child even you can afford? :roll: i do not intend to buy him anything like a house or leave him a house after i die. that is their life. they have to learn how to balance their income and expense.
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hmm…
Seems like you didn’t understand the first post of this thread.
Pay goes up like peanuts over the year but houses goes up exponentially, it is good for them to fight it out on their own, but they will be enslaved by the bank and government for the rest of their life. -
30plus:
actually, are these really good to a child even you can afford? :roll: i do not intend to buy him anything like a house or leave him a house after i die. that is their life. they have to learn how to balance their income and expense.
Actually I share the same view as you.
But it is highly possible that flats will become so expensive that a young adult will not be able to afford to buy a flat on his own, no matter how hard he works. So it is not a matter of the child NOT willing to work hard.
Of course, we can continue to let the kids live with us even after they get married. But I want my own peace and freedom lah ! So I want to chase them out
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tamarind:
What makes you think your kids will remain in Singapore by then? The world is their oyster, and they may need more exposure out there.30plus:
actually, are these really good to a child even you can afford? :roll: i do not intend to buy him anything like a house or leave him a house after i die. that is their life. they have to learn how to balance their income and expense.
Actually I share the same view as you.
But it is highly possible that flats will become so expensive that a young adult will not be able to afford to buy a flat on his own, no matter how hard he works. So it is not a matter of the child NOT willing to work hard.
Of course, we can continue to let the kids live with us even after they get married. But I want my own peace and freedom lah ! So I want to chase them out
Actually, as a parent of this age, we already have a lot to plan - plan for their upbringing, education, our career, our retirement, etc. Aren't we being a little paranoid to want to plan their future housing for them? I don't see my parents' generation having to plan so much for us, and we get by on our own. As parents, we provide them the means to fish. If we have some leftover fish for them, well and good. If not, they should have the ability to fish for themselves, wherever they are. -
i understand the first post. i know the housing price has been moving faster than salary. it means for the next generation:
they have to get a smaller house and/or at more remote location.
someone with higher income will occupy larger, better house. he either fight his way to be that someone or he has to live with the reality. things are changing. i foresee average housing size here will move towards hk and japan. young people may view micky mouse units better than large units. -
tamarind:
Of course, we can continue to let the kids live with us even after they get married. But I want my own peace and freedom lah ! So I want to chase them out
Chase them out next door. :lol:
DH and I have talked about it. As much as possible the kids will have to finance themselves once they start working. We do have sums of money set aside and may help them with part of the initial payment to get them going but not to the extent of buying them each their own flat or apartment.
Well the other possibility is to get a place in JB and commute to work. That is already happening now.
Or for all we know what happened to the property market in the States may happen here in Singapore as well and you will have prime pieces of properties going at dirt cheap prices. -
If what happened in US happens here, Wow …
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JonC:
If what happened in US happens here, Wow ...
then can go in and buy up property cheap cheap -
wow… you very rich hah?
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JonC:
wow... you very rich hah?
not rich but we can always look at the flip side of things
opportunities exist in every crisis
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