We live rurally, no mortgage, DD1 just graduated looking for a job, DS1 graduates next summer. Both DC very much would like to live and work in London. DH & I both have well paid jobs. Comfortable rather than seriously wealthy.
We have ÂŁ500000k in shares, this is not spare money, we will need it for retirement in 5-10 years.
Would it be a good idea to buy a 2 bed flat and rent it to the DC at under market value? I'm aware of SD but won't a flat appreciate more than investments in the next few years?
The DC would have somewhere to live and might be able to save more for a deposit. Both are hoping to have reasonably well paid careers but looking at rental prices it'll take many years to be able to buy.
I might be naive, happy to be advised this is a silly idea.
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Is this mad?
4 replies
coralnailsinsummer · 18/08/2019 15:48
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