PARENTS RETIRED & IN DEBT OF $100K FOR HDB MORTGAGE, SON EXPECTED TO PAY IT ALL

Been reading a lot of stories about being in the sandwich gen. i really feel for all of u..

i am the only child, and my dad is no longer working. their hdb mortgage still not paid and i am expected to just shoulder the entire remaining debt?? (<100k but still significant..)

on top of that i am forced to give my dad allowance every month ($600). he use the money on cigarettes, beer and travelling.

i have my upcoming bto to pay for as well.. and i’m so frustrated watching all my money just disappear!

i am trying to convince my parents to sell off the current hdb and downgrade to a flexi. or rent out the other room when i move out. but they refuse, saying they already used to it here, don’t like stranger in house etc.

hello! i myself am not earning much yet all my pay is going to the mortgage and ur allowance! i have to scrimp and save every cent, making me so stressed out everyday.

i have vowed that i will NOT be a liability to my future children. let’s end the sandwich situation in our generation ..

Netizens’ comments

1. Slowly we realised we no longer in a generation that can see children fulfill their filial duty taking care of our old age,  be realistic or buck-up to save money for raining days…
2. Treat the house like ur future investment la. Eventually when they pass on.. it be yours ma since you are the only child.
   Regardless you also need to give parents an allowance. Its not mandatory but just the filial right thing to do. All those years when they took care of you, paid your bills and school etc..
   im sure they wished they could have a forum complaining why they need to pay for their child and give allowance while also paying off mortgage for 30yrs haha.
   You are still living under their roof right…i suspect since you are complaining of this now.. you never gave a single cent and have been staying rent free all these years ya..
3. Rather than move out and pay rent elsewhere. Do ur filial duty here and they prob feeding and washing up for u. Once they pass on, u have to sell one of the flat anyway and enjoy e profits solo. Thank them later
4. You are one of the many thousands who are in this plight. Your parents have done a wonderful job to bring you up what you are today.
   We believe he has fought many storms to stay afloat all for the love of the family. He may gone through the rough and bumpy road during his time just like you.
   He has done his job as a loving father. It is your duty now as a son to take care of him. Whether you want to downgrade or consider renting from HDB is just the same.
   The pertinent point is you need a roof over your head, and your family, at all times. If you are able to service the mortgage through your CPF I would suggest you continue to do so.