Reply to Elderly in-laws refuse to sell house that needs $200k of work, are out of money, can’t get loan

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Reply to "Elderly in-laws refuse to sell house that needs $200k of work, are out of money, can’t get loan"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Let it go and play out.  Plan on selling house as is at the end.

It sounds like the value is the location.

FIL still works, they both drive, they are both healthy.

Let them live their life.

A lot of people are happy living in run down housing.[/quote]

Thanks for your reply. We definitely don’t try to control their decisions but the big problem is they need some pretty immediate repairs, like a new roof before the next hurricane season. They don’t have the money for it, so they would have to take out a home equity loan for it. But they won’t be able to make the payments. They truly have no plan to how to cover the expenses other than asking us for it… it’s just bad. [/quote]

Well, it would preserve the value of the asset. But you don't have to just hand it over. You can make it really difficult for your DH first. I feel for him, it's a hard position to be in.[/quote]

True. It is just a difficult position. I am very practical and am struggling to comprehend how they can be so adamant about staying in this house, at any cost, especially because they cannot support the cost. It is just bad decision after bad decision, and they don’t seem to realize or care that their continued bad decisions are causing so much undue stress and strain in the family, financially harming their children, and not solving the longer term problem that living in this house forever is not going to be possible. It just super stinks. [/quote]

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