A little background— I (20F) have spent the past few years building myself up financially (decent savings and a great credit score) and my parents seem to have done exactly the opposite. They both have terrible credit, a ton of debt, and have been unemployed for a while. They rent the house that we live in, and the landlord has now decided to put it on the market. Once it sells, they will have 60 days to move out. They are pressuring me into buying a house for them to live in because they think that my credentials are good enough to get them a low mortgage. They keep sending me listings and telling me how it would be “a great investment” because i could sell it or airbnb it in a few years. I keep telling them that I am uncomfortable doing this and i feel like it’s a huge risk. They make me feel guilty saying that they have no other options and i “must want them to be homeless.”
They say they would put the down payment and pay the mortgage, but they have a bad record for being behind on rent.
Am I wrong for thinking it’s a bad idea?
Submitted November 25, 2021 at 01:35AM by Toe0423 https://ift.tt/3DTBW9E
