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

Forum Index » Family Relationships

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

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous]By paying their mortgage so they do not have to move out of their home and into a cheaper apartment.

It is a decent chunk of our monthly expenses, but doable. However, it sets us up to not save for a down payment on our own home (we are renting) and college savings for our DC.

There are more details to share, but I am such a mix of negative emotions. Of course, it is his parents, and he has to help him if that is the right thing to do. But I am feeling selfish about the whole thing-- more so that we have to take on the burden of his parents not managing their money. The whole thing is really just sad on so many levels.  [/quote]

He isn't doing the right thing. He is doing the emotional thing.
His parents should move to an apartment because they are at the stage to downsize. Or they could buy a small condo.  There is nothing shameful or bad about this and it's normal. 
He needs to stop and consider the future costs that might occur - medical care, nursing care, etc. Spending the money now on a mortgage that you can't truly afford to carry only harms both of you in the long run.

Yes, I understand this is emotional issue but how he could approach is you will start planning them with now so in the spring the house can go on the market and they can move. Moving in winter is blah and kind of depressing but everything looks different come spring. Don't make it like a loss make it the natural progression of things. It's sad to say goodbye to a long time home but it doesn't mean you don't do it.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics