Reply to SO: Thoughts on sister and her DH buying a house with my mother?

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Reply to "SO: Thoughts on sister and her DH buying a house with my mother?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I would probably consider having mom sell the current apartment once she's sure she no longer wants to live there and then paying rent to sister and her husband to allow them to afford a larger apartment, if the goal is for mom to live with sister and her husband. No downpayment assistance, though.

Assuming this is an apartment that is paid off except for the monthly fees, though, it's also worth considering whether it's cheaper for her to stay there and have someone to help with the various upkeep tasks. It may well be.[/quote]

This.  Your mother needs her assets to be accessible for her own needs, including long term care.  If she needs a nursing home it will be a disaster to have her money tied up in a house.

[b]I think the posters attacking OP are ridiculous.  Why should a 70 year old need to subsidize this purchase for her child when she doesn’t have money for herself.  [/b][/quote]

There's a complete disconnect here.  You raise valid points regarding whether this is a good ides *for the mother*.  But that has nothing to do with why people are attacking OP.  Her concern here is pretty apparently only for her inheritance, and what she can get for her kids, not for what is best for her mother.  *That* is why she's being attacked.  [/quote]

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