Parents Gift Children NIS 60,000 Each for Property Investment
Translated & summarized from TheMarker by baba
Carmi Or and her ex-husband are giving each of their five children NIS 60,000 at age 18. Two older children pooled their money with their mother to buy a NIS 615,000 apartment in Beit She'an for investment. Or advised her sons to start working towards property ownership due to her own financial limitations.
The story in 4 lines · by baba
- Carmi Or and her ex-husband gift NIS 60,000 to each of their five children at 18.
- Two eldest sons combined funds with their mother for an investment property.
- The apartment was purchased in Beit She'an for NIS 615,000.
- Or encouraged her sons to work towards property ownership.
Carmi Or and her ex-husband each provide NIS 60,000 to their five children upon reaching the age of 18. Two of the eldest children chose to combine their funds with their mother's to purchase an investment property in Beit She'an. Or explained to her sons that she would not have the funds to buy them apartments, encouraging them to start working towards such a goal. The combined funds from the children and their mother allowed for the purchase of the apartment for NIS 615,000.
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