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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous] oP is hard working and frustrated. She doesn't own her place and people like you expect her to buy her irresponsible inlaws a condo. No. And that's a big hell no[/quote] At least if the OP buys the condo and keeps the condo in her name it remains an asset. It is a better alternative than giving them a monthly stipend. The in-laws can use their social security to buy food, pay utilities, etc.[/quote] That's assuming OP has enough money/liquidity to buy the condo, and can fit the real estate risk into her portfolio. And then of course there are all the hassles of home ownership. It might be a lot less work to have them rent. And have them pay their own utilities, or they can sit in the dark![/quote] OP here - You are absolutely right to highlight the assumption underlying that bizarre advice. There is no way that I can make a gift of a condo to anyone, including myself right now, and I certainly am not buying a condo for my in laws. Advice like this is how people like my in laws end up in rotten real estate deals.[/quote] OP you are right. You should keep all of the money. Please stop posting as you've now been absolved of all guilt. You are in no position to give them any money and it's beyond me why your husband thinks you have so much money.[/quote]
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