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Reply to "husband wants to buy house with his parents"
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[quote=Anonymous][quote=Anonymous]I am the pp who did something similar for DH's folks ten years ago. Let me tell you about how things have turned out. His dad has developed dementia and can no longer take care of most of his daily living skills. They don't have LTC so we are now subsiding 3/4 of the mortgage so they can afford in-home care. We also have been covering all of the home and garden repairs and maintenance. Once you become a benefactor for the family, it is very hard to withdraw any support. You will be on the hook for the rest of their (or your) lives. [/quote] This is sad. OP, keep this in mind. Also keep in mind how important it is to fund your OWN retirement NOW. If you put your money towards supporting your inlaws and not saving for your own retirement, your children could be forced to support you down the road. This is not a cycle that should repeat itself, but it will if you don't prepare for your own retirement.[/quote]
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