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Reply to "husband wants to buy house with his parents"
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[quote=Anonymous][quote=Anonymous]I guess I still don't understand why you have to be involved the more I read... They buy a house and put $200k down (from sale of their home) pay the monthly mortgage payments. How is that different than them giving you 200k from sale of their home to put down on a home you buy, then they pay the mortgage every month. Is that the plan or am I missing something? I truly don't get it, not trying to be snarky I promise. I thought you were going to say they were broke and had nowhere to live that was even decent [/quote] +1 Would you guys be able to cover the mortgage payments on both homes if something happened to your in-laws, financially or otherwise? I'm with the others who completely fail to see any upside to this arrangement for anyone, unless your in-laws are looking to be able to walk away from the mortgage consequence-free.[/quote]
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