Comments on: Is This A Good Housing Arrangement? (Your Advice) http://www.pfadvice.com/2007/07/25/is-this-a-good-housing-arrangement-your-advice/ Bridging the gap between saving money and investing Sat, 11 Oct 2008 21:55:38 +0000 http://wordpress.org/?v=2.6.1 By: Spokane Al http://www.pfadvice.com/2007/07/25/is-this-a-good-housing-arrangement-your-advice/#comment-79309 Spokane Al Thu, 26 Jul 2007 17:58:25 +0000 http://www.savingadvice.com/blog/2007/07/25/101644_is-this-a-good-housing-arrangement-your-advice.html#comment-79309 I did have one more comment. Are you sure this is where you want to live for the next 30 years? What if job changes require a move? What if other life changes require a move? It seems a bit risky for both your family and your parents to sign on to a 30 year commitment without a good plan in case things change. I did have one more comment.

Are you sure this is where you want to live for the next 30 years? What if job changes require a move? What if other life changes require a move?

It seems a bit risky for both your family and your parents to sign on to a 30 year commitment without a good plan in case things change.

]]> By: Spokane Al http://www.pfadvice.com/2007/07/25/is-this-a-good-housing-arrangement-your-advice/#comment-78929 Spokane Al Wed, 25 Jul 2007 14:34:12 +0000 http://www.savingadvice.com/blog/2007/07/25/101644_is-this-a-good-housing-arrangement-your-advice.html#comment-78929 While many will weigh in on the financial aspects of your question my response goes more towards what you want and your own independence as an adult with your own family. Is this truly where you want to live? Will you be happy with your parents continuing to control your future and that of your family? I loved my parents deeply (they passed away a number of years ago) but I do not think I would have been comfortable in an arrangement of this type, and having to be forever beholden to them for their financial help. I am beholden to them for so many other things and I tend to believe that my thanks to them is my ability to go out and take care of a family and make it in this great world on my own two feet. What is the price we are willing to pay for our independence and the pride of making one's own decisions vs. continuing to rely on our parents for the rest of our lives? While many will weigh in on the financial aspects of your question my response goes more towards what you want and your own independence as an adult with your own family.

Is this truly where you want to live? Will you be happy with your parents continuing to control your future and that of your family?

I loved my parents deeply (they passed away a number of years ago) but I do not think I would have been comfortable in an arrangement of this type, and having to be forever beholden to them for their financial help. I am beholden to them for so many other things and I tend to believe that my thanks to them is my ability to go out and take care of a family and make it in this great world on my own two feet.

What is the price we are willing to pay for our independence and the pride of making one’s own decisions vs. continuing to rely on our parents for the rest of our lives?

]]> By: dan http://www.pfadvice.com/2007/07/25/is-this-a-good-housing-arrangement-your-advice/#comment-78918 dan Wed, 25 Jul 2007 14:04:00 +0000 http://www.savingadvice.com/blog/2007/07/25/101644_is-this-a-good-housing-arrangement-your-advice.html#comment-78918 I think it's a great alternative if the $800 is comparable to rent in your area. Writing off interest on your mortgage loan is minor to the savings you will have not carrying a mortgage in the first place. Instead, invest the money you would have placed on a down payment and your finances will be looking great. I think it’s a great alternative if the $800 is comparable to rent in your area. Writing off interest on your mortgage loan is minor to the savings you will have not carrying a mortgage in the first place. Instead, invest the money you would have placed on a down payment and your finances will be looking great.

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