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February 18, 2009 at 3:06 PM in reply to: Invest in Real Estate – buy house and Rent to family member??? #349123February 18, 2009 at 3:06 PM in reply to: Invest in Real Estate – buy house and Rent to family member??? #349442
JustLurking
ParticipantThis would not be in your parents’ best interest. One million dollars is not “a big fat pile of money” if you plan to live on it for the next 30 years. There are just too many unknowns. Major medical and/or nursing home expenses in the future could eat through that in a hurry. Your “annuity” may not be enough for them. Then what?
I agree with UCGal – this also strikes me as pretty selfish. I cringed when I read the part about how the money is theirs, but will be yours in 30 years. Yikes! It is NOT your money. It may never be your money. They may NEED it. It is THEIR money, for THEIR needs – not yours.
February 18, 2009 at 3:06 PM in reply to: Invest in Real Estate – buy house and Rent to family member??? #349564ParticipantThis would not be in your parents’ best interest. One million dollars is not “a big fat pile of money” if you plan to live on it for the next 30 years. There are just too many unknowns. Major medical and/or nursing home expenses in the future could eat through that in a hurry. Your “annuity” may not be enough for them. Then what?
I agree with UCGal – this also strikes me as pretty selfish. I cringed when I read the part about how the money is theirs, but will be yours in 30 years. Yikes! It is NOT your money. It may never be your money. They may NEED it. It is THEIR money, for THEIR needs – not yours.
February 18, 2009 at 3:06 PM in reply to: Invest in Real Estate – buy house and Rent to family member??? #349597ParticipantThis would not be in your parents’ best interest. One million dollars is not “a big fat pile of money” if you plan to live on it for the next 30 years. There are just too many unknowns. Major medical and/or nursing home expenses in the future could eat through that in a hurry. Your “annuity” may not be enough for them. Then what?
I agree with UCGal – this also strikes me as pretty selfish. I cringed when I read the part about how the money is theirs, but will be yours in 30 years. Yikes! It is NOT your money. It may never be your money. They may NEED it. It is THEIR money, for THEIR needs – not yours.
February 18, 2009 at 3:06 PM in reply to: Invest in Real Estate – buy house and Rent to family member??? #349696ParticipantThis would not be in your parents’ best interest. One million dollars is not “a big fat pile of money” if you plan to live on it for the next 30 years. There are just too many unknowns. Major medical and/or nursing home expenses in the future could eat through that in a hurry. Your “annuity” may not be enough for them. Then what?
I agree with UCGal – this also strikes me as pretty selfish. I cringed when I read the part about how the money is theirs, but will be yours in 30 years. Yikes! It is NOT your money. It may never be your money. They may NEED it. It is THEIR money, for THEIR needs – not yours.
ParticipantI think Scarlet is Marion.
ParticipantI think Scarlet is Marion.
ParticipantI think Scarlet is Marion.
ParticipantI think Scarlet is Marion.
ParticipantI think Scarlet is Marion.
ParticipantI have been wondering when the “spring selling season” starts. Would we normally be seeing new stuff coming on now? I am looking at SFRs in La Jolla and there is not much new inventory at all. Most of the “new” listings are the same old retreads that have been on the market forever at 30-50% OVER peak pricing.
Waiting for the high end correction ($2Millon plus homes) is like watching paint dry. Urbanrealtor implied in another thread that La Jolla won’t drop much. Why not?
ParticipantI have been wondering when the “spring selling season” starts. Would we normally be seeing new stuff coming on now? I am looking at SFRs in La Jolla and there is not much new inventory at all. Most of the “new” listings are the same old retreads that have been on the market forever at 30-50% OVER peak pricing.
Waiting for the high end correction ($2Millon plus homes) is like watching paint dry. Urbanrealtor implied in another thread that La Jolla won’t drop much. Why not?
ParticipantI have been wondering when the “spring selling season” starts. Would we normally be seeing new stuff coming on now? I am looking at SFRs in La Jolla and there is not much new inventory at all. Most of the “new” listings are the same old retreads that have been on the market forever at 30-50% OVER peak pricing.
Waiting for the high end correction ($2Millon plus homes) is like watching paint dry. Urbanrealtor implied in another thread that La Jolla won’t drop much. Why not?
ParticipantI have been wondering when the “spring selling season” starts. Would we normally be seeing new stuff coming on now? I am looking at SFRs in La Jolla and there is not much new inventory at all. Most of the “new” listings are the same old retreads that have been on the market forever at 30-50% OVER peak pricing.
Waiting for the high end correction ($2Millon plus homes) is like watching paint dry. Urbanrealtor implied in another thread that La Jolla won’t drop much. Why not?
ParticipantI have been wondering when the “spring selling season” starts. Would we normally be seeing new stuff coming on now? I am looking at SFRs in La Jolla and there is not much new inventory at all. Most of the “new” listings are the same old retreads that have been on the market forever at 30-50% OVER peak pricing.
Waiting for the high end correction ($2Millon plus homes) is like watching paint dry. Urbanrealtor implied in another thread that La Jolla won’t drop much. Why not?
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