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Eldercare
Reply to "What do you all do about parents living far away? "
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[quote=Anonymous]Same position, parents 81 and 85. Still healthy and living independently. Back in 2020 we offered to buy them a house in US and somehow they rent their house out in UK to offset the monthly payment, it's very complicated but financially it actually work with 3% mortgage rate back then. The problem is they are very picky about the house they live in, there is absolutely no compromise on the house I can afford and what they can live in. After 2 years and amit more competitive housing market I just gave up. Now I am saying you either move to US and I put you in an assertive living facility near my house with $5000+ a month fees, or you stay in UK and live in your house and stop complaining I am not doing my part. It is impossible to buy them a house and make the finance work with 7% mortgage rate. [/quote]
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