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Old 24-02-2021, 07:59 PM
fallen11 fallen11 is offline
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Re: Should i buy a 3 rm resale with my father?

Quote:
Originally Posted by cokekane View Post
This current gf got her own hdb, just bought recently.. so i dont think my dad able to give her his share if he die. she no room sleep cus masterbed room gave her 2 daughters sleep and common room gave her father sleep. She sleeping living room now and basically waiting for my me and my da to buy so she can move in and stay with us..

I have check the non-citizen spouse alr, seems like i am only able to buy resale and not bto... at this rate if i dont buy, is it better i raise a kid in thai better? While i work in sg... at least i got one relative she still dote me alot, i can move in and stay with her
Bro.
My answer to you is simply: NO
Dont buy it with him.
When your dad gone, he most likely will leave his share to the gf. Even if not, maybe the gf's daughters. Unless you make joint tenancy, which the other owner being you will automatically inherit his share when he's gone.
ya maybe he didnt care for you. But thats his own life and your own life now.
Now he's simply just trying to make use of you.
I tell you la if you share something with the wrong person, life will become hell for you. Be it property, joint bank account, investment, business, etc.
Never share it with the wrong person.

I give a nightmare scenario, if he turns out to be the wrong person to buy a flat with:

1. His gf whole family move in and live together while renting out (or even sell off) the gf flat and dont share any proceeds with you while you continue to pay for this flat.

2. He lock you out. Just need buy a new lock and dont let you have the keys. Dont say not possible. It happens often to couples, why not dad & son? At most you can only call police come, say you are owner also and have right to enter the flat. Police only will talk and talk ask you two to go solve your own family issue, etc etc. Next day you come home after work he lock you out again. Rinse & repeat, wasting 2-3 hours every night for this drama. Even if you can take such abuse, what about your wife?

3. Since your experience with your dad is like non existent anymore, how you ever thought if he would do something funny to your wife? Filming.... touching..... rape. Even fathers can do that to own daughters nowadays, what about a daughter in law which he doesnt feel to have a relation to? How much do you know him?

4. Next time you have baby how? Hows your dad like? Doesnt sound like he's some good man (sorry). Your baby cry & cry in the middle of every night, waking up the whole house. Will your dad be that understanding enough to endure all of it?

rather just buy your own resale flat. No such problems / threats.