Posts Tagged ‘real estate’


As long as a person lives, he needs a roof over his head. 

A family could save a lot from rent if he had a place to stay at.   What if he is incapacitated due to illness or accident, how would he pay his rent?  If he becomes old, how would he continue paying rent just to have somewhere to stay?  He may end up as a squatter or homeless. 

If he had his own place, he just would not be evicted.  There is more permanence in his address.  There would be no need to move to new addresses.  The house could be the family home.  The family could become closer to their neighbors.

What I suggest is for the parents to buy a unit, even a one-bedroom unit.  Once a child marries, he/she has a place to stay to start married life.  The couple saves until they can buy their own place.  If another child marries, then the newly married couple can stay at the unit.  The maximum tenure that a couple can stay in the unit is five years.  Hopefully, within the period, a couple will have saved enough money as deposit for their own home.


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One of the things that you may give to your children when they marry is real estate, if you could afford it.  A one-bedroom or two-bedroom unit would be sufficient to start married life.  Then, when the couple has saved enough, they may move to another place.  But the unit is not sold.  If they rent this unit out, it could provide them with extra income.  They may rent nearer their place of work.  The income from the unit could be used to pay for their rental.

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