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The Ramsey Show Highlights

Your Parents Have Stolen From You!

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6682 Ratings

🗓️ 17 September 2023

⏱️ 9 minutes

🧾️ Download transcript

Summary

Today's episode features Rachel Cruze & Dr. John Delony. The Ramsey Show Highlights is a quick, daily dose of advice on life and money in under ten minutes. Hear from experts like Dave Ramsey, Ken Coleman, Rachel Cruze, Dr. John Delony, George Kamel & Jade Warshaw. Part of the Ramsey Network. Delivered to you seven days a week. Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

All right, today's question comes from Katie in Oregon.

0:08.0

Katie writes, about seven years ago, my parents had asked me to get a home together with him.

0:13.1

At the time, we were in an apartment with the baby, and our home buying option was taking longer as my husband is self-employed.

0:19.2

I said no many times, but after being asked over and over again, my husband and I agreed.

0:24.1

Here I am seven years later and miserable.

0:26.4

Yes.

0:27.1

My parents put the house in their name with only me on the mortgage.

0:31.1

I'm not even on the deed.

0:32.4

Oh, Katie.

0:33.7

They tell me that I can't be on the deed due to the fact that they are over 65 and we'll say on taxes, that's insane.

0:39.6

My husband completely renovated the home spending many thousands of dollars as the house was falling apart when we purchased it.

0:45.4

We pay 80% of the house bills and whenever something happens, we fix it ourselves and put the time and money into it.

0:50.9

At this point, my parents know I am unhappy, but they have informed me that if we decide

0:55.0

to sell the house, they will be keeping most of the profit because they are retired and will

0:58.6

need it, whereas we are still young and working. We have no money saved up because it has been

1:03.5

all spent in this home, which has led to some debt as well. I feel like we've been fixing a home

1:07.8

that we simply rent. My parents have complete control legally and financially.

1:11.0

I feel so helpless, lost, and have, and taken advantage of.

1:14.5

That's it.

1:15.6

Wow.

1:19.6

Well, Katie.

1:21.6

Let's forget all the other stuff.

...

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