To sell or not to sell our pty
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I think when you have younger kids, you tend to use the facilities more. When kids are in their teens, they will be too busy to even stay at home, don’t talk about using facilities.
Even for facilities, there are peak periods. Where I am staying, there are many families with young children so the playgrounds are rather highly utilised in the mornings and evenings. As for swimming pools, there are 3 pools, during school holidays and weekends, you will see more people. During exam periods, it is relatively peaceful. -
MMM:
Can relate to that. Ever seen a condo swimming pool that is more than a pond to me....ccgoh:
I was thinking of another alternative which is to get the townhouse kind of condo projects. But not sure if it is worth it. A lot of stairs to climb. But this kind of project much fewer units so not so crowded I presume.
Look at the size of pool in those town house... We saw one that is like a long kang.... you can only swim in one direction. Another had a pool which is more like a couple of bath tubs. :? -
hi ccgoh
If budget is not a constraint, there are those older smallish condos (<100units) in the central area which may be less crowded. esp those smallish ones with few facilities. Being smaller units (e.g 2 bedder) , attract less families with kids, also becos of lack of facilities, will also attract less families. Best of all, I believed there are also those where the units are empty most times as owned by foreigner who comes here to stay few time a yr only. T -
MummyThreeStreams:
Did you DH's siblings have anything to say about you buying your PIL's place?
Hi MummyThreeStreams,
My hubby has only one sister and she is living abroad. The only thing is I made it very clear to her that we bought over the house purely on arms length basis and I had sold off my own condo. to co-fund the purchase. That is in case she thought the property was \"given\" or \"heavily-discounted\" by PIL to us. Definitely a no..no!
:skeptical: -
DesertWind:
Yar, must be careful when it comes to family and money. I have seen how such matters can ruin family relationships. I'm quite ok with my brothers taking my parents' home, even if it's for free. DH is also staying far far away from his parents' property. Just manage our two apartments can already!MummyThreeStreams:
Did you DH's siblings have anything to say about you buying your PIL's place?
Hi MummyThreeStreams,
My hubby has only one sister and she is living abroad. The only thing is I made it very clear to her that we bought over the house purely on arms length basis and I had sold off my own condo. to co-fund the purchase. That is in case she thought the property was \"given\" or \"heavily-discounted\" by PIL to us. Definitely a no..no!
:skeptical: -
MummyThreeStreams:
at times like this, can really see people's true colours. really lose respect of those out to milk their parents.
Yar, must be careful when it comes to family and money. I have seen how such matters can ruin family relationships. I'm quite ok with my brothers taking my parents' home, even if it's for free. DH is also staying far far away from his parents' property. Just manage our two apartments can already! -
MummyThreeStreams:
Yar, must be careful when it comes to family and money. I have seen how such matters can ruin family relationships. I'm quite ok with my brothers taking my parents' home, even if it's for free. DH is also staying far far away from his parents' property. Just manage our two apartments can already!
Hi Mummy3,
Actually this is my ideal arrangement ie. we live in one apartment and rent out the other to generate passive income. But my hubby much prefers landed so got to compromise. Good thing is the landed now has already appreciated about 30% hence I am satisfied.
:celebrate: -
jedamum:
Totally agreed. My sil wanted to buy her parents' flat for less than half the market value. I managed to get DH to see why it would be grossly unfair to his parents but not sure if sil will wake up her idea. Best part is ils are staying with us and currently renting out their flat.
at times like this, can really see people's true colours. really lose respect of those out to milk their parents.MummyThreeStreams:
Yar, must be careful when it comes to family and money. I have seen how such matters can ruin family relationships. I'm quite ok with my brothers taking my parents' home, even if it's for free. DH is also staying far far away from his parents' property. Just manage our two apartments can already! -
mummy of 2:
Totally agreed. My sil wanted to buy her parents' flat for less than half the market value. I managed to get DH to see why it would be grossly unfair to his parents but not sure if sil will wake up her idea. Best part is ils are staying with us and currently renting out their flat.
Hi mummy of 2,
While talking to the lawyer, I understand this is not advisable at all as it would create a lot of potential problems later on. Like later on family members may come and dispute this \"purchase\" that it is not at market price and not fair and dispute about the \"estate\" of the parents when the old folks passes on. Furthermore, I understand that the CPF board will also call the seller/purchaser about the \"off-market\" pricing. To prevent all such problems, the best is to buy/sell at current market price even among relatives. -
How to safeguard profit while waiting for prices to come down? Banks interests can be rather peanuts, especially against the eroding inflation rate
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