Anonymous wrote:
Anonymous wrote:
Anonymous wrote:OP, that could quickly become unmanageable. Money management will be a PITA and will likely damage your relationship.
If you are close with family, buy a house near them. I don't mean the next house over, just something within a short distance however you define it.
+ 1000000
X2. We did this and the other family was a couple of blocks away. Still close enough to visit often but far enough away to maintain privacy. This also allows for flexibility in the future to sell, rent or have your own children live their as adults.
Most likely if they move here, for at least a little while, they are not going to have the money to buy a house. Even a nice apartment will be a stretch for them if it's in a good school district. They have little in savings due to their early career choices, but now have much better earning potential than before. It will take then a while to realize it, though. I guess we'd be subsidizing them a little, but I do see upside to us, as well. We also come from an area where living in close proximity to family isn't unusual, though maybe not as close as I'm thinking! Maybe we will just offer them a room for a short period while they figure out where they want to be. It's going to be a harder transition, though, since there daughter will be school aged by the time they are looking to move.