I'm from a middle class family. For the past 8 years weve been living in a nice suburban area on a house with a mortgage. Both parents are above 65 and only one gets pension. They want to sell the house which I agree we don't need as we have another one that is further off around 35miles from city center.
The thing is that they want to sell it to get a smaller one in this area and repay half the mortgage (to get smaller payment installments). The reason they wanna do this is because my sisters which are in their mid 20s don't wanna leave this area where they have all their friends. From my parents side they want to leave us a nice suburban house when they go their merry way.
The thing is that I feel this is a bad move as we will inherit the mortgage when they pass. Isn't it better to sell the house and invest the rest on other things? (retirement, house improvements and general life improvements for all of us) Am I wrong thinking this is a better plan?
All of us (children) have steady jobs making good money. One is living with her bf and I'm about to move out. The other one is just a cheapskate and the one that my father is overprotective and does as she pleases.
Also I'm not interested as to where I live as long as I'm happy. I was never attached to a single place and been moving around for the last 10 years. my dream is to retire at a farm or live at the 35miles away house that is in a quiet village near the sea.
Submitted March 30, 2019 at 07:43AM by Stormzsky https://ift.tt/2JRjPdc
