Reply to If you had ZERO debt?

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[quote=Anonymous]OP, I think your thought about moving into your parents home in 30 years needs to be explored more--maybe you have.  Some older people use reverse mortgages to fund their retirements or have refinanced and will not own their houses free and clear at retirement.  Also, if you think your parents may live another 30 years, I am guessing they are in their 50s.  They may sell the house and move.  All of these are legitimate and common outcomes for older people that may make moving into their home something that can't happen.  Plus, if you have siblings, that will mean you have to buy them out of their share of inheritance.  I think you said you are in your 30s so I hope that you have thought through all of this but then again I have in-laws who had grand plans for my parents stuff and never thought about the opinions of others.  Have you thought about this, vetted it with your siblings or parents?  Also, you are paying a pretty high chunk for rent.  At that rate, you could buy a modest home and if it is modest in price, your down payment will be modest too.  [/quote]

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