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

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.
While I’m in the sell camp, I thought you brought up 5 very good points that should be considered by the OP in making their decision.

Statistics: Posted by makingmistakes — Thu May 23, 2024 6:01 pm — Replies 40 — Views 3003



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