Just now took bus, saw about 3ppl tap using citi prestige card......

Lss

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Nah. It's in me and my wife's name. 1 single freehold inter terrace. I have 2 kids. If they are not married they can continue staying and have a roof over their heads. If they move out can just liquidate and use the money for their own down-payment and reduce loan quantum.
I think it's quite risky. Later your kids fight for the 1 freehold.

Also your kids are separate individuals with different pace and will reach stages of life at different times. What if 1 wants to buy home while the other wants to continue staying at your freehold?
 

congster2

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I think it's quite risky. Later your kids fight for the 1 freehold.

Also your kids are separate individuals with different pace and will reach stages of life at different times. What if 1 wants to buy home while the other wants to continue staying at your freehold?
If you don't raise your kids properly you have other problems. It's a net positive not a negative and will keep it that way.
 

Unic0rn

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car too expensive so these people take public bus
I use my yellow UOB reserve VISA card to tap too
 

Lss

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If you don't raise your kids properly you have other problems. It's a net positive not a negative and will keep it that way.
That's where the second part comes into play because in that situation, your kids have to compromised one way or another and end up you won't fully fulfil your original intent "If they move out can just liquidate and use the money for their own down-payment and reduce loan quantum."
 

congster2

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That's where the second part comes into play because in that situation, your kids have to compromised one way or another and end up you won't fully fulfil your original intent "If they move out can just liquidate and use the money for their own down-payment and reduce loan quantum."
I don't see this as a big issue :) at least got house to liquidate
 

Lss

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I don't see this as a big issue :) at least got house to liquidate
For me quite straightforward, coz not rich enough to leave them property but not say so tough that I can't leave them anything. So end up buy insurance for them and then top up their cpf
 

congster2

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For me quite straightforward, coz not rich enough to leave them property but not say so tough that I can't leave them anything. So end up buy insurance for them and then top up their cpf
What type of insurance.
 

edmwing

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Sigh.. now more and more people know and using the Citi Prestige hack.. soon going to be nerfed. 100 likes and I will reveal here.
 

Char_Kuey

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I think it's quite risky. Later your kids fight for the 1 freehold.

Also your kids are separate individuals with different pace and will reach stages of life at different times. What if 1 wants to buy home while the other wants to continue staying at your freehold?
You have a point.. never belittle the reality of human nature
 

Lss

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Sigh.. now more and more people know and using the Citi Prestige hack.. soon going to be nerfed. 100 likes and I will reveal here.
It's ok. You can bring it to the grave. 😺
 

Lss

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Why can't they earn their own?
What's wrong with making things easier for your kids?

If my parents modelled raising me after their own experiences, I might be in the forest digging for tapioca and catching snakes for protein.
 
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