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Buying My First Property for My Parents

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  • #16
    Priorities:
    Health/medical - Keep them alive
    Housing - a place to live
    Food -

    No one ever said to ignore family. Your guilt is misplaced. Anecdotally, you could put a bed in your living room. That does happen! Chew on that one.

    Realize, you don’t own a living room to offer.
    If YOU prefer, rent one for them, that is your choice.
    You do not have a responsibility to take on debt for family members, from both a legal and moral standpoint.

    Your rationalization of guilt is similar to what drives sudden wealth into bankruptcy, “I owe my posse”. Help your parents as needed. You can’t afford a house yet let alone one for them.

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