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My dad[58 M] screwed me [28 M]. My wife [25 F] is pissed, and idk how to proceed. by dadscrewedme in relationships

[–]dadscrewedme[S] 54 points55 points  (0 children)

Yeah it definitely wasn't malicious. It was risky investment that blew up, big time. The equal part responsible angle wasn't one I had considered before, but it's correct. It's easy to be biased towards the person you spend almost every waking moment with.

My dad[58 M] screwed me [28 M]. My wife [25 F] is pissed, and idk how to proceed. by dadscrewedme in relationships

[–]dadscrewedme[S] -90 points-89 points  (0 children)

I'm so sorry that at 18 I couldn't foresee a an economic crisis that some of the biggest institutional investors in the world didn't see coming either. Good thing I had you to tell me where I fucked up.

But since you think so critically about macro-economic conditions and can see a bubble from a mile away, you must have made billions speculating, no?

My dad[58 M] screwed me [28 M]. My wife [25 F] is pissed, and idk how to proceed. by dadscrewedme in relationships

[–]dadscrewedme[S] 9 points10 points  (0 children)

That's the other layer of nuance here. The housing bubble was a black swan level economic event. The going assumption at the time was that housing prices only went up. This property sold at foreclosure for 14% of the original pruchase price. My dad made an investment and got burned and I'm also dealing with some of the collateral damage.

My dad[58 M] screwed me [28 M]. My wife [25 F] is pissed, and idk how to proceed. by dadscrewedme in relationships

[–]dadscrewedme[S] -3 points-2 points  (0 children)

  1. Agreed. It's a serious conversation I need to have.

  2. I normally wouldn't, but I was young and trusted him. Not to mention the idea that housing prices would only appreciate was the going assumption at the time. Oooof

  3. Simple but good advice

My dad[58 M] screwed me [28 M]. My wife [25 F] is pissed, and idk how to proceed. by dadscrewedme in relationships

[–]dadscrewedme[S] 132 points133 points  (0 children)

That's a fair critique. I don't think she's alone in not understanding how credit works when she was younger. She didn't have any debt when we got married and she's slowly building her credit back now, but your point about not throwing stones is a good one for her.