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When do you cut someone off financially?

 
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SamoneLenior View Drop Down
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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 12:21pm

oh okay, well like others said get everything in writing

I agree with the last part of your post IG
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Post Options Post Options   Thanks (1) Thanks(1)   Quote ThoughtCouture Quote  Post ReplyReply Direct Link To This Post Posted: Feb 03 2013 at 12:21pm
Originally posted by SamoneLenior SamoneLenior wrote:


I think we are on the same page TC

I don't care what people do with the gifts I give them either

if I am helping you pay a bill or purchase an item, you need to pay the bill or buy that item
 
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Derri Quote  Post ReplyReply Direct Link To This Post Posted: Feb 03 2013 at 12:23pm
damn, I nee to move to Texas. What city is that in? 
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Post Options Post Options   Thanks (3) Thanks(3)   Quote iGotSunshine Quote  Post ReplyReply Direct Link To This Post Posted: Feb 03 2013 at 12:28pm
we're looking in Allen and McKinney. (suburbs of dallas) 
real estate so cheap even if u dont get a foreclosure u can get a nice home for 150k 
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Derri Quote  Post ReplyReply Direct Link To This Post Posted: Feb 03 2013 at 12:32pm

I think I need to move to Texas.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote sexyandfamous Quote  Post ReplyReply Direct Link To This Post Posted: Feb 03 2013 at 1:42pm
Originally posted by iGotSunshine iGotSunshine wrote:

we're looking in Allen and McKinney. (suburbs of dallas) 
real estate so cheap even if u dont get a foreclosure u can get a nice home for 150k 


damn just looked McKinney real estate up out of curiosity and found a 4 bedroom, 4k sq ft (lot is 10k sq ft) for $445k and it even has a pool Thumbs Up




Edited by sexyandfamous - Feb 03 2013 at 1:50pm
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Post Options Post Options   Thanks (1) Thanks(1)   Quote sexyandfamous Quote  Post ReplyReply Direct Link To This Post Posted: Feb 03 2013 at 1:43pm
A house like that in a good neighborhood in LA would be at least a million Cry
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Post Options Post Options   Thanks (0) Thanks(0)   Quote sexyandfamous Quote  Post ReplyReply Direct Link To This Post Posted: Feb 03 2013 at 1:49pm
Originally posted by iGotSunshine iGotSunshine wrote:

Originally posted by ThoughtCouture ThoughtCouture wrote:

Originally posted by Derri Derri wrote:

If I'm gifting someone a home, guess what? I'm letting you know what I'm gifting. The home, not the furniture and everything else for the home. Unless I was planning to furnish the home too, which...by the way...is entirely up to me to decide.

That's my whole point. No one is manipulating me into doing anything for them, just because we're related.

A gift is not a never ending thing
.
 
i totally agree...

trueeee 


Samone i dont think she "needs a home" she owns her mobile home 
s/o was going to help her upgrade but now she's doing too much 

i just feel that it's drama waiting to happen so i told him to look at this foreclosed home for 50k and put some walmart furniture in it. sign everything over to her and whatever she does with it, is what she does with it.





I think it's super nice that your s/o wants (and can) give his parents a home, therefore a better place to live but he needs to draw the line on how far the gifting goes.

First he needs to check how much insurance would cost for the houses he is interested. He needs to have an idea in case it does end up costing too much (a house has maintenance expenses, utilities, etc) so he should get a house that his parents can afford to maintain.

They make 5k but if something happens and one of them cannot work anymore, the house will become a burden for the employed one.

Then he needs to have the talk that other members suggested, where they are aware that the insurance and bills are paid by them, not him, because the house will be in their name.

This story might not end up well a few years from now without a little chat......
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Post Options Post Options   Thanks (0) Thanks(0)   Quote EPITOME Quote  Post ReplyReply Direct Link To This Post Posted: Feb 03 2013 at 1:49pm
well OP poofed--but this sounds like it could be more trouble then it's worth
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Post Options Post Options   Thanks (0) Thanks(0)   Quote PurpleHaze Quote  Post ReplyReply Direct Link To This Post Posted: Feb 03 2013 at 2:46pm
I agree with TC

(even tho I see some things have been poofed)

eta: are we talking about a Mom?


Edited by PurpleHaze - Feb 03 2013 at 2:46pm
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