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Reply to "husband wants to buy house with his parents"
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[quote=Anonymous][quote=Anonymous]To the poster about if we are encouraging them to move here no. They have been looking at cville for years. We would love to see them more. They don't want to move to the dmv but Want land and probably a green house.[/quote] So will they be paying the whole monthly mortgage payment themselves? I don't understand. If the deal is that they buy more than they can afford to pay monthly for the rest of their lives, then you are going to be subsidizing them and this is a REALLY a bad deal. Are they just going to pay the mortgage until their 500k runs out and then you will be in the position of selling your (their) house and they have to find another place to live or you will have to pay the mortgage? If they can't pay the mortgage and you sell, do they just get their 200k back or will they want some of the equity? What if it depreciates, do you get some of the 200k they put in? Ask your DH about that! [/quote]
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