Not quite right Brendan , his plan is to give his son an apartment worth €350k on the condition that he signs an agreement to pay his parents €175k.
Take advantage of this enforced confinement to teach them about personal finance so they'll have the wherewithal to buy their own places to live when the time comes.
I didn't get any assistance to buy a house despite having a wealthy parent, which was difficult at the time but was invaluable in becoming self-reliant and having problem solving ability.
My own sense of what’s best in terms of an approach is to “top up” what the child himself/herself can afford.
I disagree - life does not consist of windfall top-ups for what is not affordable from your own resources
That ignores the reality of being from a comfortable family.
Say a child wants to be a primary school teacher. That’s a really worthwhile career. But it doesn’t pay particularly well. Or to put it more bluntly, 3.5 times Sweet FA is Sweet FA
And they’re going to inherit it anyway, which is a windfall in itself.
Teaching is a well-paid, protected, secure and superannuated job. It was almost impossible to get a mortgage unless you were a public sector worker in post-boom Ireland. If the houses are too expensive in the area you'd ideally like to live then you buy a house somewhere else
"what difference does it make if he gets a few X more as he is going to be worth many multiples of that on my death. I'd much rather that he is in a good position to receive the assets and to instill good behaviour and learnings now
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