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I agree. It sound like they 'want' money rather than 'need' it. It could get further complicated if at some stage the sister in law and family moved in rent free also to care for the parents at a later stage!

If your husband badly wants to help them maybe you could agree to pay some of their bills instead? It may work out a lit cheaper in the long run and won't affect your future and current investments as well as all the transaction costs involved!

Yes, I got accused of being materialistic and all sorts of other things, oh well. :) Maybe you should contact a bank now and see if you would get development finance for you your retirement project with no income coming in for the rental property if you purchased the in-laws house.

My in-law looked Into reverse mortgages also. Apparently it wasn't very good for an average property if you had a lOng life-span. More suited to $1,000,000 plus houses so make sure someone with financial sense has a good read.

It is difficult. I guess my situation was a little different though as my husband paid my inlaw's bills for the previous 20 years and I thought it was time for her to stop taking. The money from my kids was only a couple of thousand dollars, and after she took it from us she leant it to hubby's...

I have an inlaw like that also that wanted us to take out a personal loan to prop up her lifestyle. It led to a bit of a family feud when I refused and she took back money she gave to my kids when they were born. I feel it is selfish for them to ask.