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From skipping meals to working more to moving in with mom and dad—that's how Americans are trying to afford housing (fortune.com)

submitted 8 months ago by [email protected] to c/[email protected]

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cross-posted from: https://lemmy.world/post/14012886

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[–] [email protected] 4 points 8 months ago (1 children)

That's not hard to believe. My parents (Silent Gen actually) passed away with their house paid off, but left about $60k of nursing home and medical debt. So, in order to close the estate, we had 3 choices: pay off the debt and keep the house, sell the house to pay off the debt, get a mortgage to pay the debt and keep the house.

We kept the house, but if they'd had like 150k or more in debt, forget it.

[–] [email protected] 4 points 8 months ago

Yep, similar here. We bought grandparents house at a family price off their estate to pay med bills.

Wouldn't be homeowners otherwise; not expecting anything from parents, even though they're basically loaded...