Brenda
Appearances
The Ramsey Show
You Can’t Win With Money if You Keep Ignoring the Real Problem
Um... My husband and I are, well, my parents are moving from their home in Florida. They're going to be selling their home there and moving to where we live, which is in Las Vegas. And that is a big difference economically. It's a much more expensive city to live in than where they are rurally.
The Ramsey Show
You Can’t Win With Money if You Keep Ignoring the Real Problem
Talking with my parents, they just want to make a wise decision on what they need to do with moving here. So we've been talking through, would it be better for them to rent a house at their age, they're 80 and 78? Would it be better for them to purchase a home in this economy?
The Ramsey Show
You Can’t Win With Money if You Keep Ignoring the Real Problem
And my husband and I have also talked about the possibility of us purchasing a home and then just renting it to my parents.
The Ramsey Show
You Can’t Win With Money if You Keep Ignoring the Real Problem
But we want to make a wise choice, and so I thought I would just call you and see what you think.
The Ramsey Show
You Can’t Win With Money if You Keep Ignoring the Real Problem
Probably a good half a million dollars.
The Ramsey Show
You Can’t Win With Money if You Keep Ignoring the Real Problem
They can. But I don't think it's not whether they can afford it or not. They know they can afford it. I think they just want to make sure that long-term at their age, would that be still a good choice?
The Ramsey Show
You Can’t Win With Money if You Keep Ignoring the Real Problem
No. There's a 55-plus community near us. Yeah, exactly.
The Ramsey Show
You Can’t Win With Money if You Keep Ignoring the Real Problem
Right. No, it would be a good property. So buying, purchasing.
The Ramsey Show
You Can’t Win With Money if You Keep Ignoring the Real Problem
It's a very rural community in the Panhandle near Panama City.