My mother in laws rent has gone up twice in 3 yrs. She is now paying $810 which isn't a lot in Md... she is 79 yrs old. She is driving us crazy. She wants to buy a house for $170, that is bank owned. She says she would bid $140. She is driving us crazy. She has a mentally challenged son who is 56. He doesnot help her at all. If he doesn't kill her, then he will continue to drive her crazy and us too.

Do you think she should buy a house at her age? She has the money. How much more can they raise her rent in her lilfe time? She will be complaining for the rest of her llife... If she loses the house because of her low bidding she will continue to complain about her rent the next time they raise her. Just how much more can they raise her rent is my question.

Thanks

I think that would be a good idea then the son would have something that didn't need worried about paying the monthly rent on when she is gone.
She may want to check around for some other places too though

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Originally Posted by N0help4u

I think that would be a good idea then the son would have something that didn't need worried about paying the monthly rent on when she is gone.
She may want to check around for some other places too though

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I couldn't agree with you more. Just keep your fingers crossed that they accept her bid. If they don't make all the repairs on the house she just might get what she pays for. But Im hoping they make the major repairs.

Yeah a bank is going to sell as is.
In my area that is a new house for that price.

Rent is a waste of money. It's 100% interest. With no equity or asset in the end. If it makes her happy, that's the most important thing, isn't it? And if the son is handicapped, and he can't really help , what's the big deal. That's what family is for. I know things are making you all crazy, but IT'S FAMILY.

Has she considered a long-term lease so as to control rent increases?

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Originally Posted by AK lawyer

Has she considered a long-term lease so as to control rent increases?

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She only signs on for 2 yrs at a time. She really screwd up this time... she told them she was moving and gave them 3 months. Notice. They gave her a new washer/dryer and are installing wall to wall carpeting. That is why she wanted to move . Now that she got her new stuff... she is having second thoughts.

I told her to make a list of the pros and cons of buying this house. I hope she is capable of making the decision, otherwise she is going to have to rent for at least 2 more yrs and the prices of homes are going to go up and she is going to be older too.

If she does end up staying there with no hopes of moving she can ask them, as AK Lawyer said, to make an agreement to sign a lease for more years guaranteeing that they will not increase her rent.
But she needs to make sure she has no plans of breaking it to move anywhere

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Originally Posted by N0help4u

If she does end up staying there with no hopes of moving she can ask them, as AK Lawyer said, to make an agreement to sign a lease for more years guaranteeing that they will not increase her rent.
But she needs to make sure she has no plans of breaking it to move anywhere

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Thank you so much for your sound advise. At her age, she cannot take care of a son who is lame, and a house is a big big headache that not even the young are able to survive, lol... I can only pray she realizes this and hope there is a God who answeres my prayers.

I am sure it will all work out the way it is meant to. But if she does stay she needs to do as AK lawyer said and ask to do a longer term lease.