We are 53 and 51 years old, with grown children living independently, and want to take on the adventure once again.
110 m² (1,184 sq ft), single-story on a ground slab, basement substitute room including a separate utility room.
Who has been in a similar situation and what were your reasons?
Regards
Portoalegre
110 m² (1,184 sq ft), single-story on a ground slab, basement substitute room including a separate utility room.
Who has been in a similar situation and what were your reasons?
Regards
Portoalegre
merlin83 schrieb:
Often, the wealth of one generation is squandered, and the children lack basic support.ypg schrieb:
This is not about wasting or frivolously spending money, but rather that parents need to find the best possible support for themselves.
At some point, starting with vocational training, children become responsible for themselves. It is certainly nice if parents have something left over to ease their children’s start, but becoming independent means that from a certain age, children must take responsibility for their own future.merlin83 schrieb:
Please do not read more into my statement than what I actually wrote.General statements... all three, including yours, are not personalized!
You just gave reason for a discussion—so what else should one read into it?
Hmm. I think it’s great when parents give their children generous financial gifts to make it easier for them to build their own house. Nowadays, young people often can’t wait until they inherit something before becoming independent, starting a family, and building a home, especially since their parents are still relatively young and fit at that time. The biggest financial support probably makes the most sense where the children need it most.
On the other hand, children shouldn’t expect their parents to spend their whole lives simply funneling money to them. For example, we don’t count on any inheritance, especially if my in-laws’ houses and apartments lose value along the way—we didn’t rely on that. And my father has probably already made sure by various means that I won’t get a penny from the inheritance.
We also didn’t receive any financial contribution for our house purchase, and we’re not disappointed because we never expected it. I think children should somehow manage it on their own. At least then you have the satisfying feeling of having built your life from scratch, through your own effort. Sometimes, that’s worth more than a big financial boost.
On the other hand, children shouldn’t expect their parents to spend their whole lives simply funneling money to them. For example, we don’t count on any inheritance, especially if my in-laws’ houses and apartments lose value along the way—we didn’t rely on that. And my father has probably already made sure by various means that I won’t get a penny from the inheritance.
We also didn’t receive any financial contribution for our house purchase, and we’re not disappointed because we never expected it. I think children should somehow manage it on their own. At least then you have the satisfying feeling of having built your life from scratch, through your own effort. Sometimes, that’s worth more than a big financial boost.
The 50+ generation is often referred to as "Best Agers," and rightly so.
When it comes to a construction project, you are never too old – the real questions usually concern financial capacity and possible financing. A loan with a very long term should be approached with caution, but there is nothing wrong with a short-term loan or variable financing. With the current interest rates, this is actually quite attractive.
When it comes to a construction project, you are never too old – the real questions usually concern financial capacity and possible financing. A loan with a very long term should be approached with caution, but there is nothing wrong with a short-term loan or variable financing. With the current interest rates, this is actually quite attractive.
I’m nearly 60 now, and back then we had an end-unit townhouse that we sold because it became too big for us and our paths diverged. About four years ago, my partner and I also thought about buying something cozy. But as I’ve mentioned elsewhere, when I’m no longer here, I don’t want my lovingly cared-for home to be sold off or cause conflicts between our children. They should, ideally with some support from us, create something of their own.
Another reason against it is that I don’t want to be tied down to one place anymore.
This may sound selfish, but we have worked hard, and we deserve to spend the money we earned on whatever we like, whether younger people approve or not. We have the right to shape our retirement in whatever way we want.
So if someone wants a little house with a raised garden bed nearby, why not?
Our dream is to travel around the world on a container ship right after I retire. 🙂
Sent from my mobile device
Best regards, Sigi
Another reason against it is that I don’t want to be tied down to one place anymore.
This may sound selfish, but we have worked hard, and we deserve to spend the money we earned on whatever we like, whether younger people approve or not. We have the right to shape our retirement in whatever way we want.
So if someone wants a little house with a raised garden bed nearby, why not?
Our dream is to travel around the world on a container ship right after I retire. 🙂
Sent from my mobile device
Best regards, Sigi
P
Portoalegre22 May 2016 19:40Neige schrieb:
around the world. we have already been through that