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Personal Finance (Not Investing) • What to Do with Mom's House

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4. Psychology. If mom doesn’t like where she is now it could be comforting to her to know she can move back in a pinch.
That's why they burned the ships.
Yup. Couldn't be worse advice IMO.
Nah, with all due respect, it’s actually great advice. What if she hates the place, or needs some time to adjust? What if it goes bankrupt or there is a dispute or her condition changes and makes her ineligible and there are no suitable units (eg memory care) available at the precise moment she needs to switch?

At least give it a year so she has options, or, more importantly, believes she has options.
Have you lived this situation?

Statistics: Posted by FreddieFIRE — Thu May 23, 2024 11:55 pm — Replies 44 — Views 3371



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