Being the eldest of three kids in our family, I have a question about how to make most efficient use of a promised sum of money.
As my brother bought a property last year with the help of our parents, they promised that the other kids would get the same amount if we were ever to buy a house.
The sum was rather large, (200k euro), and as inflation was high at the time, it was made sure that we took 2023 as base year and the sum was going to be adjusted according to inflation in the year we would make use of it.
Now I am in a position in life where I am not sure where I would like to live. After having studied in London last year, it is my goal (and also that of my girlfriend, who i met at uni in London) to eventually move back to the city.
Nevertheless, we currently rent an apartment in Brussels, as both of our jobs are here (I am Belgian, she is American) but we definitely do not want to stay here.
Since the promised sum puts me in the privileged position to buy property without too much concern, I am wondering what the best options are for me/us to potentially already start making a return on this.
Unfortunately it does not look like interest rates on long-term loans are dropping to pre-covid levels any time soon, as that would be the trigger for me to use it now, though I am wondering if that should hold me back from already using it and making the most efficient use of it.
Submitted July 21, 2024 at 06:28AM by bigfootbamf https://ift.tt/RXaMlmz
