Reply to In-laws are broke, DH has offered to help

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Wait a minute..I thought all Boomers were hoarding money by staying in their 
house  purchased with the low interest rates when they were young teens-  that have now made them all wildly rich, preventing everyone else from owning any property ever. Oh, and taunting everyone with it.

So, no, it turns out it's not a thing? Oh. [/quote]
Many are! The rest are out spending like there's no tomorrow and expecting their kids to pick up the tab.[/quote]

If they are spending it is because they have the money,  so no one is picking up the tab, and because it isn't a crime to spend their own money. And no, they didn't game the system- they paid the same dues, no low interesr rates 20 , 30 years ago, and it took both salaries and 35  + years of work to qualify.  [b]It's nice if there is an inheritance, but it shouldn't be assumed.[/b] 
This thread subject is more  realistic. Many Boomers are not sitting in the lap of luxury and it isn't because  they were reckless. They never had all this supposed wealth . [/quote]
Are you reading the correct thread? They can't afford their mortgage. There is no inheritance, there is no money, there is debt and potential homelessness looming. GMAFB here. They cant afford their lifestyle and their kids are paying the price. [/quote]

Yes, you are confused becaus I am answering the PP not the OP's comment. You didn't check that. [/quote]
Yet that is what this thread is about. Parents who cannot afford their lifestyle, children who are subsidizing it, and yet you want to use a broad brush to paint adult kids as selfish for not subsidizing it. How dare you call someone else selfish when the reality is that their kids wont have a college fund or a stable home to live in because of their grandparents sh#tty choices and the "family values" of supporting their debt. [/quote]

I think you are referring to my family values response. You sound really defensive. My kids’ college funds are already funded. If I had a choice between supporting my parents if they were struggling financially and saving to pay for my kids’ college, I would choose my parents.

I don’t necessarily think this is the situation that OP’s in laws are in. I can’t tell who is who but someone posted that their parents had $1m and were in their seventies. [b]If that was OP, it sounds like the in laws are in fine financial shape and I would also have a problem with assisting with their mortgage when we could not even afford to buy our own home.[/b][/quote]
Why do you keep posting about how rich you are and how much you love supporting your parents? It has nothing to do with this thread and only the bolded holds any weight here. OP and fam cannot afford their own home, but are paying the mortgage of someone else who refuses to downsize to a home they can afford. Your advice of supporting parents at the detriment of their own finances is bad advice. Straight up. Go spend your hubbys money, you clearly have no idea how to budget or prioritize financial goals. [/quote]

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