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Reply to "Buying housing for in-laws"
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[quote=Anonymous][quote=Anonymous]The property is only investment in your head. You gave no numbers to show your math. $2k for 2-bedroom is great price. If they are both renting and living paycheck to paycheck, why do they need a 2-bedroom? Paying rent is not wasting money. [/quote] The 2k is for a tiny 1 bedroom. It is the most they have ever paid and they have had to move 5 times in 15 years (sold their house and all that money is gone). They lose money each time on movers, have had to ask for help for first and last month rent...It is not a stable situation, and anxiety falls on us each time as well. I would prefer buying a 2 bedroom so we can stay with them if needed (we're not local) and they have somewhere to stay for good.[/quote]
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