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The Ramsey Show Highlights

My Husband Bought a House With His Mom and Doesn’t Want To Leave

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6682 Ratings

🗓️ 15 June 2024

⏱️ 5 minutes

🧾️ Download transcript

Summary

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Transcript

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0:00.0

brought to you by the every dollar app start budgeting for free today today's question of the day

0:08.2

comes from miranda in florida yeah she says a couple of years ago my husband bought a house with his mom

0:13.9

he told her that if she helped with the down payment he would pay the mortgage taxes utilities etc

0:19.9

i agreed because i thought it would be temporary as a way to help each other out.

0:24.6

But it's sounding more like it's a permanent thing to secure her retirement. I didn't imagine living my adult life working so hard to pay bills and still feel like a guest in our home.

0:36.7

I'm not against him taking care of his mom. I just want to live in my own space where I can relax. I love my husband so much and I don't want to get a divorce. I told him if things don't change in a couple years, we need to find our own place. He suggested that we rent a small apartment where we can live by ourselves with our child. His mom can

0:56.0

stay in the house while we continue to pay the mortgage as an investment property. She's elderly

1:01.4

so she cannot work. Is this the best solution? Oh, man. Oh, geez. Okay, Miranda, we hear you.

1:09.5

Yes. Yes. And I'm so sorry. I'm so sorry. But this is why you guys, situations like this, especially if you bought a house with the mom, I'm assuming both names are on the deed. Like, I mean, like, that's where stuff gets real, real dicey. So, um,

1:29.7

hopefully that's not the case.

1:32.2

Hopefully she just gave money towards the down payment.

1:32.9

Yes.

1:33.9

So,

1:34.6

yeah,

1:37.9

so what I would do is like there's a realistic conversation to be had of,

1:38.7

I mean,

1:39.1

honestly,

1:43.0

if someone's going to live in a small apartment versus a house,

1:43.7

say it, Rachel,

1:44.0

there's a family involved with children,

1:46.6

right? And you can find a great spot for her, but it's just her living, right? It's just what she

1:52.0

needs. And now, if she's elderly and doesn't have a lot of money, you know, depending on her situation

...

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