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Reply to "In-laws are broke, DH has offered to help"
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[quote=Anonymous]Op, How old are your in laws? Are they in the same area as you all? 1. Immediately file for lowering the property taxes if they haven't already, my sister was able to reduce my parents property taxes from thousands to hundreds per year to low earnings. 2. Contact insurance to see what they can do to lower insurance premium per year, shop around, add to your current package if possible, you maybe save a few hundred here! 3. Move in with them if at all possible, add a new addition so you have more freedom. Save and buy a home when either price/interest rate is lower. Win-win 4. If you are not unable to move-in with them due to school or whatever, then set out to rent another bigger home with them for a year. Rent out their home if the #s look better, just try that out if at all possible. 5. Why do they not want to down size and start moving to a less expensive place? [/quote]
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