My elderly (70) Dad's going to be homeless soon.
I've asked him to make some compromises in life. For example -- I've applied to 30% income housing for him. He claims it's too far from him being able to work. Which I get, but him working hasn't been working out, it just results in me giving him money.
If he were to stop working and rely off of social security in a 30% income housing situation I frankly believe he'd be better, or at worst the same situation. But at least I wouldn't mind paying his rent if the cost was much lower.
As of now he pays $800 a month in rent and he barely scrapes by while working. On 30% income housing he'd pay around low $200s. From there I could supplement to pay for food/gas.
I'm not sure what to do anymore. I CAN help him -- I've got a health savings at the age of 24 but I also don't want him to ruin my future. Left unchecked I'm concerned he would go through everything I worked hard to build up. Over the past 10 years I've probablly given him close to $6,000 - $10,000, including buying him a car. Since the day I had a job I've been providing him with money when he's in a dire need, but where does it end. The amounts only get bigger the better I've done in life.
I can give him money for rent again but what does the future look like. At one point I feel that I need to say no. I'm concerned he'l die from stress or suicide in the event that he can't work. I want to help him but he refuses to compromise on anything.
Alternatively I can buy a very cheap house in a senior community but that ruins any hope of buying my own home.
Submitted October 27, 2018 at 05:54AM by brourgrammaristrash https://ift.tt/2OUmgxF
