They hope to use the money to buy their house back and pay off their debts.
I got a good job, started making good money , and moved out. My parents and two brothers, who live together, keep asking me for help with expenses and the mortgage, which is now owned by a lender.
I’ve been reluctant to help because I’m saving up for buying my own place. My parents say when they’re old and don’t want the house anymore, I’m entitled to one-third of it. So, if I want a share of the house, I should help them try to keep it. Based on the range you provided, your affordable rent is, very roughly, $1,375 to $2,025. If you’re paying $900 to your parents for their rent, you see how little is left for your own rent. How are you building a secure financial foundation?
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