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Reply to "husband wants to buy house with his parents"
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[quote=Anonymous][quote=Anonymous]Also why do two retirees need a big house with land? What happens when one of them needs a 1 story home that is wheelchair accessible and set up for an older person? Who pays for those renovations and how does that affect resale? Building sa ramp to enter? Ripping out a bathroom for a Geri tub? What if one has to be transitioned to a nursing home and they need the 200k to pay for care? Do you have to take out a HELOC to get the money out? Do they force you to sell and get their money out? Will you do a reverse mortgage and give them the money? Such a bad bad bad bad idea [/quote] +10000000. Do not do this!! Honestly, so what if this hurts their feelings? They obviously have little regard for your feelings! And for your economic security. You're not the bad guy here-- they and your husband are, for putting you in this position.[/quote]
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