5 years ago my mother and father inlaw moved in with us.(Could not afford to retire, made way too many bad financial decisions) The trade off was they allowed us to purchase their home in Havasu a little below market.(I saved about $20,00.00) In return I added 750 sq ft to my current home and did a complete remodle. (I spent about $80,000.00) They have their own private suite with living room, bedroom and master bath. They pay no gas, electric, satellite / cable, internet, newspaper, water, sewer, trash, etc. I added their car to my insurance policy and them as extra drivers to allow them to get great rates. I sold his F-250 pick up / no commission. I sold his 30 ft 5th wheel / no commission. Now to this day...mind you they have been living free for five years...my mother in law still insinuates that I ripped them off when we came to this agreement. So as far as I am concerned, you can do everything the right way and still be the heel. My wife and I did what we thought was best for everyone concerned. If we hadn't, they would be flat assed broke with no home and nowhere to go. Lets do the math.
$80,000.00 for addition to existing home
$95,000.00 for Havasu house (BTW not a home I would have purchased under any other circumstances)
-$20,000.00 discount on Havasu home
$600.00 newspapers for 5 years
$1650.00 Direct TV for 5 years
$900.00 Internet provider / DSL for 5 years
$60,000.00 Rent, utilities, etc for last 5 years
$217,000.00 total thru 5 years and the clock keeps ticking
And to think.....I ripped them off :shoot_head:
And to bring this back to a "Dunes" related subject....That is one of the reasons we travel great distances and ride whenever we can. Dumont, Gordon's Well, or Glamis. I hope that makes everyone happy! (OGP)