As per above topic.
Do consider the consequences, as well as the options available that may not be palatable to some...
Do consider the consequences, as well as the options available that may not be palatable to some...
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Without beloved kids, WHO will take care of you when you are old, feeble & encumbered with age old frailties?
- Thread starter Willamshakespear
- Start date
Love conquers all, so the saying goes....but Singaporeans are pragmatic people.
WHO will inherit your HDB home upon one's passing?
Not many will have large sums in CPF, & such funds will eventually run out. However, the HDB home - a roof over one's head remains, but left for who if one has no other loved ones? It is a tidy sum, even at current prices, & far more in the future.
For example. if one buys a BTO home at age 25, on a 99yr lease, with the avg lifespan of Singaporeans being 83, that would leave a balance of 41 yrs on the HDB lease, which
a) can be sold to qualified buyers, or
b) sold back to the HDB, or
c) rented out at current price of $3000/mth for a HDB 3 room flat UPON APPROVAL by HDB, $36,000/yr or $1.4million+ worth of rental income over 41 yrs. ( on a linear progression rate, not taking into account of inflation as well as potential rise in valuation of one's home)
WHO will inherit your HDB home upon one's passing?
Not many will have large sums in CPF, & such funds will eventually run out. However, the HDB home - a roof over one's head remains, but left for who if one has no other loved ones? It is a tidy sum, even at current prices, & far more in the future.
For example. if one buys a BTO home at age 25, on a 99yr lease, with the avg lifespan of Singaporeans being 83, that would leave a balance of 41 yrs on the HDB lease, which
a) can be sold to qualified buyers, or
b) sold back to the HDB, or
c) rented out at current price of $3000/mth for a HDB 3 room flat UPON APPROVAL by HDB, $36,000/yr or $1.4million+ worth of rental income over 41 yrs. ( on a linear progression rate, not taking into account of inflation as well as potential rise in valuation of one's home)
So your kids are your retirement plan? And U don't want them to have their own lives to live? Yr kids must feed U whilst U have yr long life? N U r a burden to them? N U live with such expectations?
What happen if the kids turn out to be opposite ? Refuse to work and eyeing your wealth ? Abandon you when you are down ?
Check into a old folks home like everyone else.
My plan is to retire in bolehland tell LHL to go fuck himself
megan.
唐僧讲鸟话。
Oh dear, you are quite naive and selfish to think that you can rely on children for your own retirement, not knowing what a potential burden you can be to them.
Exactly. Leave no one behind, that's what they said!
If every westerners were this useless. Sick man of the east
All Piss And Poop cocksuckers are naive.
Join Flower Fertilizer Club aka 花肥Club
Well, TBH we have to be responsible of our finacial and health wellbeing as we aged
A good idea is to form a loosely knitted community club, at least got people know when we move to heaven
Not every child who was raised by responsible parents will grow up to appreciate and repay their love and kindness.
Giving current development, too much social economical uncertainty ahead as Global Order Reshuffle
Realistically it should be the state to provide a dignified care.
But never will it be PAP.
But never will it be PAP.
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