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Reply to "husband wants to buy house with his parents"
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[quote=Anonymous]This makes no sense at all - at least, not for you. If they have 20% and supposedly plan to pay rent, then they should just buy the house by themselves. Unless, of course, they plan to pay less rent than the mortgage payment, in which case this will be a big money loser for you. And yes, taxes. This is a big fat no. It sounds like there's more to this story than DH is letting on - like he wants to help them financially but isn't being honest with you about the extent of that aid since he knows you might not be comfortable with the sums he has in mind. And this home-buying racket is a way to sort of force your hand into giving them some very long-term major financial assistance with no way out once you're in it - all the while trying to frame it as an "investment" for you and DH. Oy. And not to be all depressing or anything, but what would be the implications if you and DH divorced? Who would get the house if it's his parents' and their residence but you were the one footing most of the payments? So, so many reasons to say no.[/quote]
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