Mother-in-law decided not to buy an apartment because she could only own it for 50 years?

My wife and I are both foreigners from the province who have been studying and working in Hanoi for nearly ten years. Perhaps anyone “from the countryside to the street” also wishes to have a house in Hanoi for convenient living, the elderly still say “settlement is a new job”. My husband and I, since getting married, are determined to work hard and save money so that we can soon buy a house that is still safe to do business and have a healthy development for our children.

Every day, in addition to my main time at the company, I take advantage of online sales to earn more. Sometimes I sell spring rolls, fruits, snacks, sometimes I sell convenient household items. As for my husband, in addition to his job as a technical staff member for a construction company, at the end of his working hours, he enlisted as a shipper for his wife, running grab to increase his income.

We have also just been delighted to welcome our beautiful, plump first son. Since having children, my husband and I have become more determined to buy a house. Because I am worried that the cramped, humid hostel will affect the health of my children.

Now that we have saved some money, we want to buy an apartment in Hanoi. After calculating the sale of the wedding gold plus the accumulated money for a long time, we have more than 1 billion dong in hand. With this money plus borrowing from cousins ​​on both sides and a little more bank loan, my husband and I can buy a 2-bedroom apartment in the suburbs. I think Hoang Mai area seems suitable because it’s less than 10km from here to where I work, and my husband works on a moving project, so he prioritizes buying a house near his wife’s office.

When I told my parents-in-law this idea and suggested that if they could lend us a little, we would save up to pay it off, my mother-in-law was upset. Grandparents told us not to be foolish enough to buy an apartment. Because grandparents heard, there are many inconveniences in an apartment building: fire, explosion, unsafety, monthly service fees, then it’s not that your land cannot be left to your children…

Not only my parents-in-law had that thought, but many relatives in the village also spoke out. They say only crazy buy an apartment. At any time, we have to try to buy the land, and the apartment is only temporary. The apartment is still quickly degraded, depreciated, later sold, no one will buy.

I heard these words and felt very inhibited. I also explained that buying an apartment also has many conveniences, such as all activities taking place on one floor, easy to manage children, the apartment has a courtyard below for children with large space to play, no Like real estate, stepping out of the door is an alley where cars pass, children have no place to play. In addition, the apartment is clean, no flies and mosquitoes. The apartment is also not depreciating but is increasing in price, if you don’t buy it now, you don’t know when you will be able to buy it.

While I have enough money to buy a house, my wife and I don’t know that we have to “plow and hoe” for a few more decades. Land prices skyrocketed again. Families on both sides are unable to support. Everyone wants to have a house and land, but they also have to “have rice with fish sauce”.

But no matter how I explain it, my husband’s parents insist on it land purchasedo not buy an apartment, if you don’t have enough money, just stay in a rented house, otherwise go back to your hometown to live, the vast land of your grandparents will cut us a piece to build a house.

At this point, I don’t want to say anything more. My wife and I discussed it, if we can’t ask our grandparents to help us, we can buy an apartment and then use the red book as a mortgage for a bank loan. The amount of money we have to borrow is not too much, in just a few years, we will have our own house.

The other day, a friend introduced me to an apartment in Tam Trinh area, my wife and I came to see it, we were very satisfied and paid a deposit of 20 million VND to the owner. We were collecting money to pay and do bank loan procedures, when my mother-in-law suddenly called and scolded us for being unfilial, disobedient, “fish don’t eat salt, rotten fish”, now my wife and I have Open your eyes yet, just want to buy an apartment, but now people only allow you to own an apartment for 50 years, after 50 years you will stand on the street … and told me and my wife if you insist on buying an apartment, don’t look at your grandparents’ faces again.

I don’t know if my mother-in-law reads on the radio or heard someone say that the apartment building can only be owned for 50 years. I also know that there are 50-year ownership projects but there are also permanent ownership projects, this depends on the longevity and quality of the work. A house built for 50 years must also be demolished and rebuilt, a degraded apartment must also be renovated and rebuilt, but that does not mean that apartment buyers have to go to the street empty-handed.

However, this time my mother-in-law seemed very harsh and refused to listen to my explanation. I also want to buy a house, the money has been placed, but I also don’t want to cause tension and conflict with my mother-in-law. These past few days, because of thinking a lot, I am very stressed and tired, please give me advice.

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