Housing news

Unsurprisingly, my parents said buying the house isn’t going to happen. Solely because of time issues. It feels kinda like a certain supreme court decision circa 3.5 years ago, though my parents have many valid demands on their attention I’m frustrated, honestly. I hate, hate, hate receiving money from my parents, is major part because it’s always a “loan”. I have more debt to my parents than I do to my commercial debtors. And I’ve made no payments on it. They never mention it, save to emphasize, every time I borrow, that it’s a loan. Mostly, it’s just there, unmentioned, as a mute testimony to my dependence and how I do not yet have my shit together.

It would have been very cool to feel like I was helping my parents do something that benefited them in some way that the benefit didn’t flow solely from the fact that I got something out of it. Instead, I need to borrow about as much money, per year, as the closing costs on a reasonable house would have cost, so that I can pay rent, etc. Did I mention that the places we were looking at, a reasonable rent would have covered the mortgage and utils without me paying anything? And without them needing to put in a down payment (I’m pretty sure mortgage insurance covers that, no I don’t recall the exact rates, but they’d have be like half the mortgage payment itself to make it totally unworkable.

Assuming even slow appreciation, and a rather high closing cost, it still would have been to their financial benefit. But I don’t know what their opportunity cost would have been.

This really isn’t all about me. I mean, what I’m saying is how I feel, but I suspect my concern over dad’s upcoming departure for Iraq is amplifying my frustration. I worry for him. I also worry for mom. Talking to her about what she’ll be doing when dad is gone was a little saddening. She’ll be running dad’s office (she’s heavily involved in it already). She won’t be taking a holiday vacation. You get the idea.