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When do you cut someone off financially?

 
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Ladycoils View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Ladycoils Quote  Post ReplyReply Direct Link To This Post Posted: Feb 03 2013 at 10:47am
If you're buying someone a home- you're not under any obligation to buy them furniture our pay or for anything else for that matters unless you choose too.
 
Whatever their paying on rent for their current place they can use towards new furniture and the insurance on the new home.
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maysay1 View Drop Down
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Post Options Post Options   Thanks (5) Thanks(5)   Quote maysay1 Quote  Post ReplyReply Direct Link To This Post Posted: Feb 03 2013 at 10:53am
Originally posted by melikey melikey wrote:

there are signs of this not ending well.
good luck OP, but remember that houses can be auctioned because of unpaid taxes even if the home is owned outright. and if that happens a good chunk of the equity will be gone in fees and to pay off any other liens on the property. 


Just to add another possibility...they can take out a mortgage or other loans against the home if they're on the deed. And if they default on it, then you've really wasted your money buying them a house.
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Post Options Post Options   Thanks (1) Thanks(1)   Quote Lhdc2011 Quote  Post ReplyReply Direct Link To This Post Posted: Feb 03 2013 at 11:00am
If you buy me a house, I wouldn't ask you for anything else....this is something to consider Geek

jp...but basically, what everyone else said and you knew that would be the answer as well. Have this talk with the person and set some boundaries.
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Post Options Post Options   Thanks (2) Thanks(2)   Quote melikey Quote  Post ReplyReply Direct Link To This Post Posted: Feb 03 2013 at 11:07am
Originally posted by maysay1 maysay1 wrote:

Originally posted by melikey melikey wrote:

there are signs of this not ending well.
good luck OP, but remember that houses can be auctioned because of unpaid taxes even if the home is owned outright. and if that happens a good chunk of the equity will be gone in fees and to pay off any other liens on the property. 


Just to add another possibility...they can take out a mortgage or other loans against the home if they're on the deed. And if they default on it, then you've really wasted your money buying them a house.

yes, i got burned buying a car for a family member who needed transportation. there are many ways things can go wrong trying to be nice to family. i think the fact that the people in the OP were asking about furniture and insurance, the signs are there of everything not being on the up and up. 
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Post Options Post Options   Thanks (3) Thanks(3)   Quote ThoughtCouture Quote  Post ReplyReply Direct Link To This Post Posted: Feb 03 2013 at 11:09am
i really think the op needs to determine if this is intended to really be a gift.  when i give gifts, i don't really care what the person does after said gift exchanges hands.  but that is just me...shrugs...
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Post Options Post Options   Thanks (1) Thanks(1)   Quote femmefatale85 Quote  Post ReplyReply Direct Link To This Post Posted: Feb 03 2013 at 11:11am
I can't relate. I don't support people, but that seems ridiculous.
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Post Options Post Options   Thanks (1) Thanks(1)   Quote melikey Quote  Post ReplyReply Direct Link To This Post Posted: Feb 03 2013 at 11:16am
Originally posted by ThoughtCouture ThoughtCouture wrote:

i really think the op needs to determine if this is intended to really be a gift.  when i give gifts, i don't really care what the person does after said gift exchanges hands.  but that is just me...shrugs...

i agree, but i learned with my family i have to tailor my gifts to their needs. for instance, i have one family member who if i found out needed a computer, I could sent them the money for the computer and they'd they'd take the money, pick out what they want and take everything from there. i have others that i have to buy the computer myself and send it to them. or else if i just sent the money i'd hear that they decided to "treat themselves" and get their hair doneLOL.  love them the same. just had to learn how to handle them.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote SamoneLenior Quote  Post ReplyReply Direct Link To This Post Posted: Feb 03 2013 at 11:18am
Originally posted by melikey melikey wrote:

Originally posted by ThoughtCouture ThoughtCouture wrote:

i really think the op needs to determine if this is intended to really be a gift.  when i give gifts, i don't really care what the person does after said gift exchanges hands.  but that is just me...shrugs...

i agree, but i learned with my family i have to tailor my gifts to their needs. for instance, i have one family member who if i found out needed a computer, I could sent them the money for the computer and they'd they'd take the money, pick out what they want and take everything from there. i have others that i have to buy the computer myself and send it to them. or else if i just sent the money i'd hear that they decided to "treat themselves" and get their hair doneLOL.  love them the same. just had to learn how to handle them.


I agree
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Post Options Post Options   Thanks (0) Thanks(0)   Quote iGotSunshine Quote  Post ReplyReply Direct Link To This Post Posted: Feb 03 2013 at 11:29am
,


Edited by iGotSunshine - Feb 03 2013 at 11:34am
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Post Options Post Options   Thanks (0) Thanks(0)   Quote ThoughtCouture Quote  Post ReplyReply Direct Link To This Post Posted: Feb 03 2013 at 11:30am

i don't know...i guess i view gifts and "help" a little differently.  if i am trying to help someone achieve a goal, then i probably would feel more vested in what they do with said help.  i could care less what a person decides to do with an actual gift, however.  i don't worry about whether a person i give a wedding gift ever uses it or turns around and sells it later.  i gave my mothers best friends daughter my old car (i had an cash offer on it for $3000), i haven't thought about that car not one bit since the title change....not one bit.

 
maybe its the price/size of this particular possible gift that is causing all the apprehension...
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