I had a friend with meddling parents buy a house with their help. I told her bluntly that she should not do that. For years after that she complained how her parents invaded her privacy, made changes without consulting her, etc. Ask me how sympathetic I was.
Caller: āMy husband and I make $80,000/year and we bought an $800,000 houseā.
āMy in-laws covered $300,000 of the down payment, but hereās the catchā:
āWhen the house sells, my in-laws get their $300,000 back PLUS a cut of the profitsā.
Dave Ramsey: āWhat an abusive mess.ā
āYou bought a house you canāt afford.ā
āYou shouldnāt have done that.ā
Caller: āi want to know how much financial input my in-laws should haveā¦ā
Dave Ramsey: āThat ship has sailed, they own part of your life now. SELL THE HOUSEā