Sincerely, I’m not sure how they’ll be able to climb the property ladder without parental assistance. For the younger ones,
Things are becoming more challenging these days. Because they essentially cannot afford rental housing, most of my children’s friends still live at home, rent-free.
My initial real estate acquisition was made possible by a guarantor, which allowed me to climb the property ladder. However, that program is no longer in place.
Thus, it’s crucial that I let my kids save as much money as they can. Can you image if I charged them rent and they began to attempt to enforce their tenant rights? I’m all about “my house, my rules.”
In order to assist the home function as smoothly as possible and to teach the kids responsibility, the kids constantly have chores.
All four of us are quite busy with job, school, and family obligations, so everyone must pitch in and do their share. Fortunately, we don’t presently need their financial assistance.
