Sunday, August 22, 2010

What would you advise a friend with this dilemma?

One of my closest friends is having the same argument with his wife (WF). When they met he didn鈥檛 have much on savings, and didn鈥檛 have a retirement plan. After his WF, he鈥檚 got all this and they are both saving to buy an apt, pay for their wedding, and prepare financially before having children.





This is the problem: My friend pays his brother $600 for a house they bought so that their parents could live there. He鈥檚 been paying this amount for 3 years now, and two years ago his brother married and brought his wife to live there with him.





My friend鈥檚 WF says that this money could be spent on their future plans for a family. So she suggested that he asks his brother to ask his wife to pay for living in the house because if she were to live alone w/ her hubby, she would have to cover for her share anyway. He says that when he suggested this to his brother his bro threatened on moving alone w/ wife, so parents would be left to live with my friend.What would you advise a friend with this dilemma?
Why not that's only fair. Why should they have to pay for someone else to live there scot free.





Either get them to pay up or put the house up for sale and pull his (your friends) share out of it.What would you advise a friend with this dilemma?
This question may be complicated answering. First your friend sounds like he is morally obligated to take care of his parents. But usually when a single man moves on and starts to make a life of his own with a wife, all bets are off!





How much does the mortgage or rent cost where the brother, his wife and the parents stay? Instead of asking his brother's wife to pay monies to help support herself, just ask your friend to reduce the $600.00 to $100.00 until he is married and then revisit the issue to see how much he may contribute to help his parents.





Could be that the brother is taking advantage of your friend. Without all the facts, it's hard to say.





Good luck, Jim
His brother is screwing him!..

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