facebookI am 29 and single with no plans to get married. Is it worth for me to buy a condo together with my parents who are 56 and 62. I have only $40+K in my CPF OA with a monthly salary of $4K+? - Seedly
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Anonymous

Posted on 25 Nov 2020

I am 29 and single with no plans to get married. Is it worth for me to buy a condo together with my parents who are 56 and 62. I have only $40+K in my CPF OA with a monthly salary of $4K+?

Should I buy a condo with my parents?

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3 answers

Discussion (3)

Affordability aside. It depends on the intention of getting a house.

A possible intention could be to stay in a condo with your parents and renting out your existing place. You will have a "higher standard of living" while your parents getting rental income every month. If that is your intention, I think that is fantastic.

Looking forward to hear from you.

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In addition to YJ's question, you also need to check out Hariz's answer regarding affordability https://seedly.sg/questions/will-my-partner-and-i-be-able-to-afford-a-700k-condo-with-our-situation

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YJ

YJ

Level 15. Grandmaster

Posted on 25 Nov 2020

Are u treating as a roof over ur head or an investment?...

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