Is it weird to think that my future husband and I should live with my parents/in-laws so that we do not need to get a house and we can save a huge sum of money from that for investing/savings?

Question

Is it strange to have this kind of thought? Or maybe we would still purchase a house but rent it out for passive income and continue to stay with my parents/in-laws.

Rachelle · Accepted Answer

Hey Anon!

That’s actually a great thought! It’s definitely not strange, just a matter of personal preference and family dynamics.

Most people nowadays probably wouldn’t even consider staying with their parents/in-laws because they want their own space and freedom.

But choosing to stay with parents/in-laws not only helps you save a sum (to invest as well), but you guys get to look after one another as well!

The older generation tend to prefer the house to be ‘rowdy’, they get lonely after their children move out. This way, you and your husband get to look after your parents/in-laws physical and mental well-being as well.

And if you guys choose to have kids, your parents can help look after them too. This not only helps you physically and financially, but might also help your kids pick up their mother tongue more easily and forge stronger family bonds as well.

Shaun WQ Lim · Answer

No, it is not. 
Everyone has their own plans and views on their financial situation.

If you are intending to get a BTO, do note that there is a MOP to fulfill. And is not allowed by HDB to rent out the whole flat during MOP.

di · Answer

Hi! It is not weird, in fact, my parents were the ones that encouraged me to stay with them after my husband and I tied the knot. They believe that it would help the both of us plan ahead in terms of money (e.g. learning the costs and consumption of electrical and water bills) and I agree. This itself helps you save money. So this thought might be more common than you think!

Chris · Answer

I don't think it's weird tbh. Ultimately, as long as your future husband and your parents/in-laws are approving of the arrangement, I do think that it is a feasible arrangement. This is especially so if your relationship with your parents/in-laws are good!

Financially speaking, this would also definitely allow you to accelerate your savings/investing!

Jiayee · Answer

Not weird but your S.O. has to be comfortable with this. However, if he isn't comfortable with this arrangement after trying it out and with good reason (e.g. a lifestyle he can't accept at all and no one is making concessions) then it's not reasonable to force it on him.

YJ · Answer

Purchase house then rent out. Live with parent/in-law can help u take care kid, money save in childcare, just give that money to ur parent/in-law.

Win - win situation, everybody get richer. Provided u/ur hubby can get along with parent/in law

Jesslyn · Answer

No right no wrong, depends whether you can live with your inlaws in peace. I always hear people say live with inlaws will have tension, but i believe doesn't apply to all families also