tag:blogger.com,1999:blog-8464904.post114084108185073327..comments2023-10-30T06:34:56.477-07:00Comments on Just Another Day: WWYD?Ginahttp://www.blogger.com/profile/11604097511444010759noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-8464904.post-1141085637187776302006-02-27T16:13:00.000-08:002006-02-27T16:13:00.000-08:00You are facing the American dilemma: too many cho...You are facing the American dilemma: too many choices. Count yourself lucky! <BR/><BR/>(I'd move, fix the house and put that equity to work, I think.)Melodeehttps://www.blogger.com/profile/05705323208228362504noreply@blogger.comtag:blogger.com,1999:blog-8464904.post-1141084734806351122006-02-27T15:58:00.000-08:002006-02-27T15:58:00.000-08:00But if you moved in there--you would have the $300...But if you moved in there--you would have the $300,000 that you make on the townhome to put in the bank, no? And you'd never have a mortgage payment. ANd the free babysitting, not to mention the relationship between Mr. P and his grandparents. It actually sounds good to me.<BR/>I do think you should discuss the pool thing with your parents first. <BR/>It's nice to have it as an option, anyway.Piece of Workhttps://www.blogger.com/profile/07330147978064465604noreply@blogger.comtag:blogger.com,1999:blog-8464904.post-1141069496103398702006-02-27T11:44:00.000-08:002006-02-27T11:44:00.000-08:00If they just let you live in the house....who is d...If they just let you live in the house....who is doing(paying for) the repairs/fixing up to it. Whatever improvements/updating you do will help the value. I'm guess what I'm getting at is...if you put x-dollars into this house what happens later on down the road? (parents pass away, you move, house sells, whatever). <BR/><BR/>My sis for example....her and dh lives in one of his parents homes (rentfree). Her dh has/does general maintenance to the home. He is to inherit the house whenever his mother passes away. They would love to add onto the house, but are not really doing anything other than general maintenance because in doing so will add to the "value of the home"....and when it comes to it, they know that the siblings will want that to come out of his inheritance even though they paid for the adding on/updating(so they would be losing what money they put in it--flipside is they are paying no rent). And of course if there's any bickering going on one could not rule out that the house would be sold instead which would leave them out of the money they invested and of course no equity and w/5 other siblings who knows if there will be anything left. <BR/><BR/>IMO...I would have to say that if you do NOT want a pool....this would have to be figured out and everyone "ok" with before you move in. Pros and cons.<BR/><BR/>Now here's something for you to wrap your brain around. Our house is bought and paid for---it's a 2 bedroom on 4 acres and we only paid 30,000 for it (no typo). We're in the process of adding a master bed/bath to it which we estimate will cost about 30,000 to do.tabhttps://www.blogger.com/profile/13356509973374819883noreply@blogger.comtag:blogger.com,1999:blog-8464904.post-1140995661477626042006-02-26T15:14:00.000-08:002006-02-26T15:14:00.000-08:00We bought an old house in a condition much like yo...We bought an old house in a condition much like you have described, minus the pool and the Architectural Digest mention... lol. Think long and hard. It's a more of a commitment than having a kid.<BR/><BR/>But sometimes one has to compromise in the interest of financial gain, which is not a bad thing. Plus the benefit of your folks being such a close part of Mr. Personality's life.<BR/><BR/>Maybe flip a coin? Kidding. Kind of.<BR/><BR/>SuzanneSuzannehttps://www.blogger.com/profile/17832720652240317984noreply@blogger.comtag:blogger.com,1999:blog-8464904.post-1140899672582009402006-02-25T12:34:00.000-08:002006-02-25T12:34:00.000-08:00Ooh, good point about the sister. I wasn't thinki...Ooh, good point about the sister. I wasn't thinking about possible siblings in this scenario. That's a tough one.Lizhttps://www.blogger.com/profile/03794646317737225407noreply@blogger.comtag:blogger.com,1999:blog-8464904.post-1140889564352156732006-02-25T09:46:00.000-08:002006-02-25T09:46:00.000-08:00I WANT everyone's two cents!Chichimama- we actuall...I WANT everyone's two cents!<BR/><BR/>Chichimama- we actually would be sending Mr. P to private school if we lived there. <BR/><BR/>Liz and Suzanne- They seem to be a bit resistant to that idea. It has been bandied around, but has never seem to stick. That would also make the most sense to me, but for whatever reason, they don't see it as an option. And as they would be doing me a favor by helping me in any way, I don't like to push. My sister is cool with us living in the house, but I'm not sure she is ok with them giving us the proceeds of the sale. And I don't want her to be resentful, either.Ginahttps://www.blogger.com/profile/11604097511444010759noreply@blogger.comtag:blogger.com,1999:blog-8464904.post-1140878335564333392006-02-25T06:38:00.000-08:002006-02-25T06:38:00.000-08:00I think the "con" side of the argument is a strong...I think the "con" side of the argument is a stronger. I was thinking something along the lines of what Liz said -- essentially "flipping" the house by renovating it and then using the proceeds to buy a better house.Suzannehttps://www.blogger.com/profile/17358441701832129130noreply@blogger.comtag:blogger.com,1999:blog-8464904.post-1140872833961718022006-02-25T05:07:00.000-08:002006-02-25T05:07:00.000-08:00Hmmm. I have to agree with Liz. If the schools s...Hmmm. I have to agree with Liz. If the schools suck and you won't be doing private, and thee is a pool with no yard I would think you would just end up being resentful, even if it is free. JMTC. Good luck-chichimamahttps://www.blogger.com/profile/17549929656881693553noreply@blogger.comtag:blogger.com,1999:blog-8464904.post-1140841819146351882006-02-24T20:30:00.000-08:002006-02-24T20:30:00.000-08:00Hmmm, since I haven't lived anywhere near my paren...Hmmm, since I haven't lived anywhere near my parents since 1984, I'd find it very difficult to live next door to them. Since that's not the issue for you...<BR/><BR/>Can they sell it, and combined with the sale of your house make it so you can move close to them but in a better school district?<BR/><BR/>It doesn't sound like this house has any redeeming qualities except the free babysitting.Lizhttps://www.blogger.com/profile/03794646317737225407noreply@blogger.com