As crappy as that might have been what would have happened had his mom still been alive?
You are completely right when you're in the position to think rationally. My only thought is that ... it's his Mom. I'm a married man with a few kids and am the sole income provider for my family (by choice not circumstance). I would move heaven and earth to ensure my family (my bride and children) were taken care of. Were I single, I'd live on the street if it meant the difference between my mom being tossed out of her home or me being able to prevent that.
It's completely irrational behavior from a Dave Ramsey standpoint (I'm a fan of his), and I know that elderly care isn't a choice between "stay in your home" and "suffer/die in an alley with dementia", but it's difficult to make sound decisions when dealing with such a serious emotional circumstances. (case in point, I don't even know the meaning of living on the street, but I know what decision I'd make regardless).
There's a bit of hindsight at play here. When I decided to move out, my dad did everything he could to convince me to buy a house rather than rent (throwing your money away! Tax deductions!). From a cash flow perspective, it didn't make sense. I had no savings and would have had to game the system via several different types of loans, but from the conventional wisdom of the time, it was: your house will never decline in value. I rented and I'm glad I did. I'm now a homeowner with a simple 15 year fixed that's nearly paid off.
You are completely right when you're in the position to think rationally. My only thought is that ... it's his Mom. I'm a married man with a few kids and am the sole income provider for my family (by choice not circumstance). I would move heaven and earth to ensure my family (my bride and children) were taken care of. Were I single, I'd live on the street if it meant the difference between my mom being tossed out of her home or me being able to prevent that.
It's completely irrational behavior from a Dave Ramsey standpoint (I'm a fan of his), and I know that elderly care isn't a choice between "stay in your home" and "suffer/die in an alley with dementia", but it's difficult to make sound decisions when dealing with such a serious emotional circumstances. (case in point, I don't even know the meaning of living on the street, but I know what decision I'd make regardless).
There's a bit of hindsight at play here. When I decided to move out, my dad did everything he could to convince me to buy a house rather than rent (throwing your money away! Tax deductions!). From a cash flow perspective, it didn't make sense. I had no savings and would have had to game the system via several different types of loans, but from the conventional wisdom of the time, it was: your house will never decline in value. I rented and I'm glad I did. I'm now a homeowner with a simple 15 year fixed that's nearly paid off.