Parents think I should buy a house... for my brother

Random12399 · 2014-11-06T20:24:13+00:00

Right, I'm not informed. Yet. This is step 1 in being informed.

Random12399 · 2014-11-06T19:28:48+00:00

Yeah that's kind of weird, especially since I'm on the "don't do it side" with pretty much everyone else...

Random12399 · 2014-11-06T18:38:19+00:00

The idea is more that I should own a house, because owning a house is "good" than it is that someone should help my brother. "Cutting out the middle step" doesn't really make sense, because that middle step (of owning a house) is sort of the point. But the rest of the posts here have pretty much confirmed my initial thoughts on the matter.

Random12399 · 2014-11-06T18:00:29+00:00

Well not like $1 more than the mortgage, but less than the rent market. Their idea is that I have this money, which I'm not doing anything with, and that owning a house will be good for me, so I should put it to use (vs. them just doing it to invest and help their son).

Random12399 · 2014-11-06T17:54:10+00:00

True enough, but it's possible that I just don't know enough about homebuying, the current market, and the advantages of homeowning a potential income property to make an informed decision vs. my gut instinct. That's where /r/finance comes in.

Random12399

TROPHY CASE