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[quote=Anonymous][quote=Anonymous]No advice, but some commiseration.

My inlaws have made terrible financial decisions. FIL owns his own business which tanked during covid (now recovering), and DH was helping out with the business quite a bit, unpaid. I told him, I dont care if you are helping, thats fine, but if you ever give them money without talking to me, that is financial infidelity. My BIL is married to a big law partner and they make prob 3x what we make. He started "contributing" to their finances, and I think his wife snapped him out of it. They live in a 5 bedroom house as empty nesters. They cant use the stairs, so we installed a chair lift for them. They can't go down to the basement. But they WILL NOT sell the house and downsize. They keep saying how they owe a double mortgage on the house, but their mortgage is much less than what the house would be valued for. I dont understand why they would rather keep paying this off piece meal with interest, rather than selling and buying a small apartment. I think MIL and FIL actually hate each other so that's probably one reason lol. They like having a big house so they can just stay separate. 
Anyways. That's not even as bad as your situation, as we do own our own home. But you need to have a come to jesus talk with him asap. Otherwise it will end up snowballing and soon he will bank roll their entire life. [/quote]
I guess I'm not done ranting about my inlaws lol. I also just remembered that while DH was helping the business, he ended up paying off several credit cards because they had so much debt. As soon as FIL took over again, within 6 mons they were maxed again. He's almost 80, and I think his thought process is literally "rack it up and die" so he will never pay it off. [/quote]

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