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[quote=Anonymous][quote=Anonymous]I  know a family who did this and it's worked out well.  Same scenario - husband is an only child with a wife and 2 children.[/quote]

We are living this situation as well, and it's working well [i]for us.[/i] But the reason it's working well is because everything was completely transparent -- we knew my in-laws couldn't afford to keep a roof over their heads anymore and needed us to help support them, and DH and I made the decision together that it made more sense for us to buy them a house we could eventually sell (and hopefully recoup what we'd paid) than to throw away money on years of rent. We also chose the house ourselves, something modest that we were comfortable we could afford in addition to our existing mortgage, not just whatever my in-laws wanted (and believe me, they wanted something much bigger/more expensive than we were willing to pay for). There was no pretense that we were buying this house because it was more financially savvy for us to do it than them, it was out of necessity. That kind of honesty and transparency is completely lacking in OP's situation, which is why I'm one of the people who has strongly recommended in this thread that OP not go along with her husband's plan without at least getting more/better information from him about what's really going on.[/quote]

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