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[quote=Anonymous][quote=Anonymous]In-laws rent, spend around 2k/mo. They are paycheck to paycheck, both working, zero savings or retirement beyond SS. Do you think it could be a good move to buy a place we can easily afford (a cheap 2 bedroom somewhere safe), and then they can pay us rent (not necessarily the full cost)? I worry about their ability to maintain housing once they cannot work, and don't want to be on the hook for finding them a place, scrambling, helping pay rent and basically wasting all this money. My thinking is that if we buy them a place (which would be our property, not theirs) at least it is an investment we can control.[/quote]

Yes - I think this is a very generous thing that you can do on behalf of your in-laws. I would either help them with the down payment to buy the place outright or buy the place on their behalf and collect rent. You will not get the tax shield the PP is suggesting - it does not work like that. That said, there is quite a gap between renting vs. owning so the math may not pencil out to make their current $2K expenditure possible. [/quote]

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