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Anonymous
I am single and reaching the life stage I should really be considering moving out of my family home and purchasing an HDB flat under the singles scheme. However, my plans are complicated by the fact that my family lives in a landed terrace house, which I stand to inherit a share of.
I have lived in this house all my life and it is worth more to me than money. I am being perfectly serious when I say I would not part with it for any amount. However, I am also aware that, holding onto it, it will probably become a financial liability. It's one thing to give up the opportunity to earn, and another thing to be in a position where I am actually bleeding cash.
I would like to speak to someone who can help me figure out whether I am being an absolute idiot, or if there is some way that I could make this work out, even if it is suboptimal.
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You should consider the probable cost of maintenance of a terrace house after inheriting it versus a Hdb flat. In addition, the benefits that Hdb owners receive as compared to private property owner.
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What makes you think you will inherit it? Coming from the same background, my aunt did not get her share of the house but i as a grandson did and the whole family is furious. My point is never assume the inheritance or your life will be messed