Will try to be brief but not drip feed. My sister through divorce found herself unable to keep up mortgage payments. Sensibly she looked for another mortgage to see if she could get a better deal but she was still going to be really short. Parents agreed to make up the shortfall of not far off 100k. This is supposedly a loan but sibling has no way of paying it back.
I think it is kind of our parents to help but I can't seem to throw off a feeling of resentment. My sibling totally had the option of downsizing to something affordable that still would have been big enough (she has a DC), close to the school and perfectly nice but didn't want to. I get that a move on top of a divorce would have been horrible but surely that is life?
I'm fairly certain that my parents way of thinking is that my sister is getting her inheritance early or something. I had no idea they had so much money and of course it is theirs to do what they want with it. Just feels a bit weird that a sibling is in a house of easily double the value of mine and DHs because of parental help. I think part of the resentment comes from the fact that money given towards a house is also going towards equity so this money is actually also an investment that my sibling will benefit from. The same sum of money would more than pay off my mortgage thus saving me thousands in interest but I would never accept it. I'm amazed that my sibling has cheerfully accepted this help frankly. There is nothing I can or want to do about it other than try to make peace with it so that I don't have an underlying feeling of resentment towards my family.
Thanks for reading and any advice.
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Relationships
Trying to get my head around parents giving sibling a large sum of money.
SmashingTurnips · 08/11/2015 08:39
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