Second Opinion RE in-law money problems
Divorced mother-in-law (MIL) with adult son who attends University, lives in separate Province than wife and I.
MIL recently bought a new build that see can barely afford.
MIL had previously asked us to loan her 20K to help her purchase this new build, we told her it was not a good idea and said no.
She went to her side of the family for this loan, she got it, and repaid it with the money she got from selling her old condo.
She bought the place under the impression her couple-friends would rent/live with her and her son - it didn't happen.
MIL is not a saver, she's a spender - she purchased new furniture for this new home.
Her son helps pay for the utility bills.
She recently rented out her son's bedroom to a student (while her son was off doing a co-op), to help pay for the mortgage.
Her son took a storage room with new bedroom furniture.
She works a full-time retail job.
MIL has ongoing health problems that affects her work.
She now has back pain.
She just gave her employer a doc's note saying she can only work 4hrs a day - to become part-time.
Her supervisor and co-workers are not happy with this and have told her "maybe you should look for a different kind of work".
Wife and I spoke of what may come our way in the future - MIL asking for financial help again.
The best solution I came up with was for:
MIL to move in with us (in another Province) so that she can sort out her mortgage/bills situation (we won't be funding this, ideally she sells the place).
Her son can find a place to rent and continue his University studies (he will end up living on his own), and be free to move where he can find work.