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A bestselling finance author is urging parents to be wary of acting as a guarantor for their adult children when they buy a home. Scott Pape, better known as the Barefoot Investor, said family relations would be strained if a parent was held financially responsible for a loan their son or daughter couldn t pay off. It can cause a rift in the family, he said in a News Corp column. I know you think that ll never happen, but what if your princess s prince turns into a frog and leaps off with half your deposit? Ribbit! A bestselling finance author is urging parents to be wary of acting as a guarantor for their adult children when they buy a home. Scott Pape, better known as the Barefoot Investor, said family relations would be strained if a parent was held financially responsible for a loan their son or daughter couldn t pay

Western australiaNew south walesSouth australiaAustralian capital territoryScott papeKeiran mannionNews corpBarefoot investorDigital finance analyticsReserve bankமேற்கு ஆஸ்திரேலியாபுதியது தெற்கு வேல்ஸ்தெற்கு ஆஸ்திரேலியாஆஸ்திரேலிய மூலதனம் பிரதேசம்ஸ்காட் பேப்கேரான் மேனியன்