5 ms·

>If you are a homeowner it is almost insane to move. I own a home and moved. I rent in the new city and let my mother live in the house I own, that way I don't

>If you are a homeowner it is almost insane to move. I own a home and moved. I rent in the new city and let my mother live in the house I own, that way I don't have to sell it. If I ever want to go back I won't have any issues doing so.

balderdash 3y ago
Would she pay rent?
- Scoundreller 3y ago
  Depending how many siblings one has, it may be a matter of pay now or pay later.
- BizarreByte 3y ago
  Yes, she's paying a small amount of rent every month to cover basics. As much as I'd like to just give her the house and have her live there for free, that's not in the cards right now given the state of Canadian salaries. She doesn't mind as it's much, much better than the income assistance apartments she lived in before and I'm asking for a lot less than they did, which helps her too. Ultimately I'd like to buy another house and let her have that one, because she'll never be able to afford a house again on her own, but that's an aspirational goal at the moment.
scarface_74 3y ago
Yes and that’s very anecdotal. I also moved a rented out my home to my son and two of his friends we trust. If he comes up on hard times for a month or two, I don’t have an emotional issue with covering his rent. If it was a stranger, I would. If he gets to a point where he couldn’t pay rent because of a systemic problem, I trust him well enough to know that he wouldn’t make me go through a long eviction process. He would have to move. But we would help him find sone place cheaper. No for logistical reasons, he couldn’t stay with us. But my wife and I said, that once they move, we are selling the house. We do not want to be landlords.
- whatarethembits 3y ago
  Guess it’s the culture divide, but it stood out to me that your description makes it sound like it’s second nature to charge immediate family rent on a property you own. Quite bizarre.
  - scarface_74 3y ago
    Why is that “bizarre”? I have a $2600 a month mortgage and another $3K-$4K a year of fixed expenses on it. Am I suppose to let family stay there for free and just spend $40K+ a year on a place where I am not living? I could sell it now and net $300K.

balderdash 3y ago

Would she pay rent?

Scoundreller 3y ago
Depending how many siblings one has, it may be a matter of pay now or pay later.
BizarreByte 3y ago
Yes, she's paying a small amount of rent every month to cover basics. As much as I'd like to just give her the house and have her live there for free, that's not in the cards right now given the state of Canadian salaries. She doesn't mind as it's much, much better than the income assistance apartments she lived in before and I'm asking for a lot less than they did, which helps her too. Ultimately I'd like to buy another house and let her have that one, because she'll never be able to afford a house again on her own, but that's an aspirational goal at the moment.

scarface_74 3y ago

Yes and that’s very anecdotal. I also moved a rented out my home to my son and two of his friends we trust. If he comes up on hard times for a month or two, I don’t have an emotional issue with covering his rent. If it was a stranger, I would. If he gets to a point where he couldn’t pay rent because of a systemic problem, I trust him well enough to know that he wouldn’t make me go through a long eviction process. He would have to move. But we would help him find sone place cheaper. No for logistical reasons, he couldn’t stay with us. But my wife and I said, that once they move, we are selling the house. We do not want to be landlords.

whatarethembits 3y ago
Guess it’s the culture divide, but it stood out to me that your description makes it sound like it’s second nature to charge immediate family rent on a property you own. Quite bizarre.
- scarface_74 3y ago
  Why is that “bizarre”? I have a $2600 a month mortgage and another $3K-$4K a year of fixed expenses on it. Am I suppose to let family stay there for free and just spend $40K+ a year on a place where I am not living? I could sell it now and net $300K.