They want to release equity without moving house yet again. They are in their 70's so I can understand that. They did have a comfortable life but that has dwindled considerably and the comforts of holidays, non necessity purchases and even private healthcare are gone.
I am not sure they realised how much all of this helping out would eat into their nest egg, they can't have been blind to it and I do not understand why they let it go so far, I guess too soft hearted and no parent wants to see a child struggle if they can help it.
They are not destitute by any means but they have spent their entire life saving for a reasonable life style but are getting by.
Committing to paying their rent until they no longer need it is not something I would want to sign up for, what happens if we can no longer do that, hubby works contract to contract and I do not have an income.
Not sure I could turn a blind eye to them chewing through it at a fast pace wether it is to 'help' the S.i.L. Or blow it on luxuries if we are the ones who again have to come to the rescue, and I can only bite my tongue for so long if that happened