His Parents Are Suddenly Claiming The $20,000 They Gifted Him For A Down Payment On His Home Was Actually A Loan And Want To Move In With Him Indefinitely
This 29-year-old man bought his very first home one year ago, and at the time, his parents offered to give him $20,000 for the down payment. They framed the money as a gift, and he realized how generous it was.
“I was extremely grateful, as they knew I’d been saving for years and wanted a place to call my own,” he recalled.
“I’d even invited them to celebrate with me the day I got the keys, and everything seemed fine.”
Then, just three months ago, his dad unexpectedly lost his job, and his mom’s part-time income wasn’t enough to make ends meet. This pushed his parents to call him randomly one day and claim they’d be moving in with him until they could get back on their feet.
He was totally taken aback since his parents never actually asked to stay with him. They simply assumed he’d be okay with it.
Plus, when he had some hesitations about letting them move in, his parents threw the $20,000 in his face and stated it was time he “paid them back by helping them out.”
“This was news to me. They’d repeatedly assured me it was a gift, no strings attached, and they were just happy to help me achieve my dream of homeownership,” he explained.
Yet, his parents were suddenly calling the money a “loan,” despite never mentioning any repayment or the expectation that they’d be able to move in with him someday.
He tried to talk to his parents about his concerns and said they could stay with him temporarily. Nonetheless, they disregarded him and insisted on moving in indefinitely until their finances turned around.
deagreez – stock.adobe.com – illustrative purposes only, not the actual person
His parents even wanted full access to his entire house and proposed turning his office into their bedroom.
“They also told me they’d like to have more say in how I run my home. After all, ‘they helped pay for it,'” he added.
He felt cornered and pointed out how, while he loved his parents, he wasn’t comfortable with them moving in for a long time. Rather, he’d be happy to help them out in other ways, such as temporarily covering some of their bills or letting them stay for a set amount of time.
If you couldn’t have guessed, his parents were livid over this and accused him of being ungrateful. They believed that since they “invested” in his home, they were entitled to live in it for as long as they needed.
To make matters worse, his dad threatened to take him to court if he didn’t pay back the $20,000 “loan.”
Now, he thinks his dad was just bluffing, but the drama has caused a ton of tension in his family. Other relatives have gotten involved as well, saying that he’s a jerk for turning his back on his parents after they helped him buy a house.
“But I feel like they changed the terms after the fact, and I don’t think it’s fair to demand indefinite housing when that was never part of the deal,” he vented.
Still, he’s been left wondering if refusing to take in his parents is justified or not.
How would you feel if your parents tried to use their so-called gift against you? What should he do?
You can read the original post on Reddit here.
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