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[quote=Anonymous]The $500k makes the picture a bit clearer. That is not much for a retired couple in their 60s who want a nice house in C'ville with only $200k equity in their current home (and that's a maybe - you don't know if they've borrowed against it).

A plausible scenario is that your ILs, averse to debt or not, simply can't qualify for the home loan on the fixed income they have. And DH and FIL don't want to admit this to you to 1) help FIL save face and 2) lock you into a long-term support plan. The "investment" angle is a smokescreen. Whether ILs were poor savers, made bad investments, or overspent, they clearly can't afford to buy the home they want in Charlottesville, and trying to make it happen on the backs of you and your DH without your consent is wrong. And so much more so that your DH tried to present this to you as a fait accompli and is sulking about it when you present the array of logical objections.

The odds that they would take advantage of their family status as your renters - and that your DH would let them - are very high. It's easy to imagine a scenario where they cry poor or want to take a cruise or even legitimately have a health emergency, then plead their case to your DH that they can't pay rent "for a month or two." And then you're stuck with the whole mortgage payment. That's the real risk I see with this deal - by holding the bag on the mortgage and "renting" to your husband's parents, you're totally exposed if they decide they need or want some charity from their son and he decides to give it.[/quote]

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