A 60,000 dollar condo with 30,000 left on the mortgage after paying for 20 years? Really? Why didnt they just pay it off a long time ago? It's practically free.
@@The92Waffles That's not what they're saying, no one is judging him for not paying cash on the house originally, they're saying 20 years is enough time to do it. Even making minimum wage, that's a tiny monthly payment, way waaay below the median rent people are paying.
I couldn't believe when she said $60k. I had no idea that was a thing still. If he can't afford that, there's no way he can afford rent anywhere. This guy is a major loser, dear god.
If I get made redundant, I'd rather get a low paying job until something more suitable comes along, than to sit at home playing X-Box and watching Netflix.
Yall need to realize they don’t give you full time hours, your doing part time, 20 hours a week, with bi weekly pay it’ll bleed you dry! and it end up being $400 every 2 week! How the hell do you expect anyone to live on that?
I don’t have kids now but if or when I do I’m saving money for them in a 529. I will not be co-signing any student loans. Those were the conditions my parents gave me and I’m going to keep that same sentiment. I’m one of the only one of my college friends without massive student debt and I’m eternally grateful.
I love how John is like, forgive yourself for the divorce, don't resent your son, etc... and then Dave is like yeah... pay the condo off. your son is a deadbeat.
@@jimmymcgill6778 It does make sense as he assumes that both parents have guilt that their son has divorced parents and that's the reason they co-signed the contract. They wanted to compensate their son for the pain they caused him.
@@maureenogorman8740Even worse, they do this and still think they're owed something. I know someone like that. He was in his thirties with two daughters and he once told me that his dad was a bastard and other things I can't type here, because he saw a used BMW for $20k and when he asked his dad to buy it for him, his dad said no.
If they took out a $40,000 30 year loan in 2004 at say 5% APR the payment would be about $200/month.This guy is in for some serious sticker shock when he leaves that condo and winds up renting an apartment at todays prices.
@@stopthelightskinguilt.3775 most don’t until their current situation ends, do you know anyone looking at apartment prices when your in a condo/home ? Not really a concern, but it will be when his mom tells him to get out..he’s gonna freak out…200 payment on that is nothing, you could only work part time if you wanted to…he’s seriously gonna regret sitting on his ass and making his mother make him move out…don’t take advantage of someone helping you out…
@@dmbgator86 Yeah, I know when I get puppies, and I just don't raise them properly and abuse them and teach them horrible habits that make them problems to be around, once they grow into adults I go "Its not my problem, don't blame me, it's the dog doing it". That's what responsible, sane individuals who certainly didn't just do a terrible job raising up something under their care, do. Just wipe your hands clean and walk away; not their problem anymore. Screw their kids, right? If anything, the parents are victims of these kids. The parents are just poor, helpless, innocents that are brutalized and mentally assaulted by their kids. I feel the same way when one of those dogs bites me.... how dare they!! Put them out in the woods and let them figure it out! Right?
I love to listen to naive people who think children are some kind of blank paper you can write whatever you want. Life would be so easy if that was the case.
As wrong as it may be to admit? Yep, but only because my parents were smart enough to instill responsibility in us because of both showing us, but us observing how HARD it was for them to do it, and they never complained. We knew and learned because we watched them. Of course, them being children when The Great Depression hit, they had NO choice but to learn and adapt to a hard life where NOTHING is a given and nothing is given to you. Five kids, in a small house, one bathroom, and living on the most basic of meals. I vividly remember times when my parents (unbeknownst to us kids back then) worried about making it until next week, and even though it was WAY, WAY before the welfare BS that is around now, they'd NEVER have taken a penny from it. I remember when my sister went somewhere and brought home some "government cheese" - remember that? My Father was very upset and told her to take it back. This from a family who for a lot of years ate spaghetti and left overs every night. NO charity. Church going, never missing even ONE weekend mass offering, even though I'm sure it wasn't much, they raised us right. None of us needed a cosigner because we were raised responsibly and knew if we didn't qualify for a loan on our own and didn't have the cash, we didn't need it. I'm not typing all of this to boast, rather to say I'm very blessed, thankful and grateful for having the parents who raised us to be responsible.
@@Cuntspiracy2.0not an entirely unreasonable statement although let’s remember that humans are far more complex than animals. I understand the sentiment but humans do have the ability to overcome bad parenting. I would argue animals are solely at the mercy of the owner. A dog isn’t thinking to himself “man my parents screwed up but I can turn this shit around” 😂
Each time I hear one of these calls I respect my Parents EVEN MORE for never giving in to my or my siblings request to co-sign for ANYTHING. They raised four kids who ALL became productive and successful adults who can stand FIRMLY on their own two feet. Thank you Mom and Dad ♥♥♥♥
When I was first married, I had limited resources and needed a car. My dad co-signed a loan for me to get a decent used vehicle. It would have been extremely difficult without him backing me up. Paid it off no sweat. Responsible families do this for each other all the time. Thank you Dad.
Why get married with " limited " resources ??? A " car " is the kiss of death ! A car is what gets people into trouble ! Im 66 years old......graduated 1976, Never owned a car until I was age 24. To this day.... I have " owned " two vehicles. 1981.... Ford truck 7,500 dollars........ then my second truck... 2002........S-10 truck for 15,000 dollars. No one ever co-signed for me for anything.......including buying my farm !
Nothing wrong with a parent co-signing for their young adult son or daughter -- if they raised them right. But this couple obviously didn't raise their son right. They raised a bum, and should have known he was a bum when they co-signed.
@@megalodon1726 Anytime " someone " co-signs " that someone becomes a bum !!!!! An easy way out. People need to learn to save money at an early age ! Not depend on others to make life easy for them !
She has a dependent in his 40’s. He knows mom and dad are paying this. My goodness, I know we love our kids, but I pray to God that I raise my sons to be men.
There is a lot of blame to go around here. This guy's parents have coddled and enabled their son to be a bum his whole life, but he has also chosen to be a bum his whole life as well. I would have never even considered doing this to my parents. It shows zero consideration for your parents and he must have zero self respect to be so lazy and entitled.
My step son thought he was going to quit college, not work and sit around in our house playing video games all night. He was unceremoniously kicked out by my wife
The Bible teaches parents to stir the nest, make life uncomfortable for adult kids who still live at home. Deuteronomy 32:11- As an eagle stirs up its nest and hovers over its young, He spread His wings to catch them and carried them on His wings.
I don't think this lady knows what she's talking about. If they bought a condo in Ann Arbor, MI for $30k in 2004, it's worth 4-6x's that right now. There's not a $60k condo within 100 miles of Ann Arbor
🎯. There’s huge information missing. In 2004 in my city (nothing out of the ordinary) a 2500 sg ft house was around 300 grand and a 1000 sq ft two-bedroom condo 150. Now 20 years later the house is 700 and the condo 350 -400. Very very few places haven’t had this type of housing increase in twenty frigging years. Aside from the whole mortgage point of the OP, why not sell the thing before “losing his house?”
He can get a job at McDonald's and make the mortgage payments on a 60k condo! And it was financed with a 30 year loan. If he can't swing the payments on this, how is he going to make payments on an apartment when she buys him out?? He's not. What she's going to do is buy him out and then let him live there for free. 🤦🏻♀
She needs to contact the bank and pay off the mortgage, that gets her out of liability. THEN, if her and her husbands names are on the title, they need to go to court and have the judge issue a forced sale.
Her son is on the deed. If she pays it off, he will stay there probably and there is nothing she can do. She can buy it from him and sell it or he can sell it.
@@juditharsenault2131 Yes, there are three people on the deed. This is a common occurrence similar to when multiple heirs own a property and one wants to liquidate. The remedy is to have a judge issue a forced sale, and then divide the proceeds. Ive done it
Pretty much every service job in America is hiring, exactly the type of job this guy is qualified. The layoffs are in big tech and something tells me this bum isn’t a software developer
My friends are all getting jobs that are like double their salary. My current workplace is desperate for workers too. But two years ago I was laid off as Covid died and yet everyone was saying best job market ever. It’s all by industry.
@@kbanghart basically they lost almost everything in the 2008 collapse in the real estate bubble. They needed me to co-sign because they didn't have the income or a good enough credit score. The last few months, they couldn't pay the mortgage when they have credit card debt and two car payments and I had to. Years have gone by with lies and false promises to refinance the house and pay me back and it hasn't happened so I listed the house. I hope this nightmare ends soon.
@@MrBrewman95 ugh I'm sorry, that is horrible. When my mom and dad divorced, my mom was fortunate to get a very good lawyer who advised her to request half of my dad's pension, in return for control of the property as they owned a few jointly It happened just before the RE meltdown so suddenly my dad was left holding several properties that were upside down. He was never a big saver anyway, he spent it. So all his (and the 2nd wife) income all went to mortgages. Before the crash he had great sales years and they traveled, after it he was broke. Meanwhile, mom can afford her bills. Sorry if this is kinda long.
My dad is co signing on a car for my 19 year old brother. A Mercedes with a $950 lease payment I tried to speak some reason but didn’t work, nothing to do but sit back and watch now
@@sprint7412 he can make the payments, he is leaving his apartment and moving back in with my mom so he can afford it I just think it’s a mistake that could end badly but even if he pays it fine it is such a waste too
Just enjoy the show. Might as well not spend time being miserable. He could buy a car for $7,000. Cars are a total waste of money. They depreciate in value.
A $60k condo even at today's interest rates is less than $400 per month. Even factoring utilities and everything else you could get a job at sheetz and pay that comfortably
Calling it the hottest hiring market is a fallacy. Graduated from college and applied to over 200 positions that I was qualified for and matched the posting and was given calls back by 2 companies. Both just happened to be in my hometown and happened to have connections within the company. Its not about what you know at this point, its about who you know.
That's for a college grad position. For jobs in the $10-$18/hour range it's easy to get hired. A job like that is enough to pay his mortgage of under $300/month and buy food etc.
I believe his point in saying that is any job will do. He may not be finding what he is qualified and experienced in, but any gas station, coffee shop, car wash, grocery store, restaurant, and convenience store is hiring. Mop floors and scrub toilets rather than be a loser who depends on his elder mom when he is a supposed man in his 40s.
Putting him out is the right move but also risky. When parents coddle & enable adult children & finally decide to stop some adult children snap in a bad way.
It's wild how people dont want to spend X amount in one go but have no issue spending double or triple that amount as long as it's spread over a few years. Seeing the money trickle slowly out of their account psychologically might feel better, but you are paying a lot for that privelege. I get it with a Mortgage and bigger purchases because It's expensive enough you cant just save up for a few months, but people finance everything now. I even know people financing their clothes. It's insane.
I’ll disagree in part in them saying “hottest hiring market ever” because for me coming right out of the Army I had to apply to 8-9 different places just to get a call for a part time retail job. This is a common experience with almost everyone I’ve talked to.
Dave’s plan. Buy it from him waste money on closing costs. Possibly have to sell at a loss, lose more money. When you do sell lose more money on closing costs Plan B. He sells it, whatever he profits he uses for apartment deposit and rent. Doesn’t cost you anything
Honestly I think this is unrealistic advice. I don’t think she will kick her son out on the street. $30k is a manageable amount of money. She should pay off the loan as a gift and tell him he never gets a penny from her again. Tell him it is him getting his inheritance in advance and he won’t inherit a penny on the will. It cleans up her own financial mess and salvages what’s left of the relationship without kicking her son out on the street.
It’s not his inheritance in advance, its 30k less invested for her retirement. Who says she can afford to just gift him 30k? This is money that will be tied up for the rest of her life with zero liquidity (unless she kicks him out and sells) and zero return (unless he starts paying her rent). I don’t understand your logic at all.
@@dlyras she said during the call that she can afford it. You are misunderstanding my logic completely. I was saying she should gift him the entire property, pay off the loan, and fully remove her name from it. No liquidity and no return, just a one time stupid tax and say very clearly to him that he doesn’t get one penny from her ever again.
@@tylersanders2388 She said she can afford it meaning she probably has the cash, but she may not have the foresight to realise how it impacts her retirement years. One time stupid tax sounds more like, and yes you’re probably right. For her own sanity she should just rid herself of this. What a mess. Never co-sign for anyone, especially family. They are the most entitled.
"Forgive yourself for the divorce" came across as "stop trying to be 'the good parent' who continually attempts to make it up to the kids that you and dad split up and disrupted their lives in the process." 'Not so cringe when viewed from that POV.
@@user-mv9tt4st9k no I get the inference, and it’s quite an obvious one to make - it’s just not a counselling session. It is John‘s delivery and shoe-horning in this on every single call that is cringe. I know he does it to sell and signpost his own show, but really it is jarring on the normal Ramsey Show.
John said the hottest hiring market. It’s actually not. So many people can’t find a job right now. Including myself. I’ve been unemployed since last August. I keep getting rejected.
It has been TWENTY YEARS! If she & her husband co-signed when he was thirty just so they could get him out of the house, that would make him… good grief!!!!
My dad cosigned my first car when I was 18. We lived in a rural area, I needed a vehicle to get literally anywhere, and I didn't have any money. Five years later, I had title in hand, $25k in the bank, and he never once had to hear about it. His credit probably picked up a couple points in the process. "Never" is a strong word that pretends everything is simple.
If he can't afford the mortgage on a 60k mortgage from 2004 renting in today's market is going to be a rude awakening for him. My dudes going to be moving back in with Mommy or homeless.
Never co-sign, but also explain why. I wanted a care when I was young (I am completely responsible), but I couldn't get it w/o a co-signer. My dad wouldn't help me, but he never explained why he wouldn't. That would've been real helpful to understand his actions.
PepsiCo in my area (suburban/rural area) is paying $22/hr. McDonald's is paying over $16 with benefits. There's no reason to say someone cannot find a job.🤑🤑🤑🤑🤑
I wouldn't call it "the hotttest hiring market in human history". That seems a little disconnected. The economy is shit rn, there isn't a hiring frenzy unless you are talking about fast food jobs
I’m confused about the math on this one. It’s worth 60000 at best, and it’s been paid on since 2004? 20 years? How is this thing not about paid off or paid off already?
Mom, your son could be working at McDonalds and make this payment if he was willing to work. Let your son know now that you are done paying his mortgage. He either gets a job this week or he will be homeless on the street. Make it very clear, that if he doesn't get a job asap, and is foreclosed on, he will not be welcome to move back home with you for even for one night. Mom, you either do this, or you are the problem. My money is you won't!
😊😊I'm curious. What kind of job do you have? I'm 57 and overweight. I found a new job about a year ago. I think my age and weight hindered me while I was looking. I work in customer service.
@@galaxyglitterlatte4664 Im age 66..... 6ft. 5 in. 275 lbs. I make deliveries for a local lumber yard. 7 am to 5 pm. Hauling and "manually" unloading items. Anything from Concrete blocks... shingles..... ply boards...lumber sheet rock ( I hate carrying the 56 inch x 12foot sheet rock !!) Should have two people always ! ... etc. Im fortunate..... My limit for lifting......around 150 lbs. ....... no health issues ! Many contractors called me the long armed ape.....because I could reach up on the truck to unload things. The owner cant find anyone to do the work. Hired a 22 year old guy..... worked there two days....and the owner had to go to his house to wake him up in the mornings....he was hung over. After doing that 3 times....he fired him. Same basic issue with three others he hired. They just never showed up for work !
1:24 idk where he got that information from. We are in an economic crisis where the job market is so bad. At the same time, being unemployed since April 2023 is unacceptable
@1:26 lost me at hottest hiring markets. Bs. These people see the signs but dont actually apply to see for themselves. They want a very specific person and one position. Once filled they just leave the sign up because the office workers are lazy. I cant tell you how many times ive seen a hiring sign, went to put in an app on their website but theirs no open positions... call and get the same thing. Ive been running a small business to make just enough $ to pay bills and eat ramen while putting in applications EVERYWHERE, following up with calls for nothing. You cant say everywhere is hiring when you havent experienced what is really going on.
People are doing a lot of hiring but not for the desirable jobs. That being said, I was rejected all last year. This year I’m making the least I’ve made in years but taking a retail job, but my bills are getting paid again, slowly. It’s ok to humble yourself and do what you have to do but don’t cop out on your commitments
My heart goes out to this lady - but for other parents who might be thinking of putting themselves in this position by cosigning - be aware that the Bible forbids it. Proverbs 22:26-27 "Be not one of those who give pledges, who put up security for debts. If you have nothing with which to pay, why should your bed be taken from under you?" My Mom was a realtor, and pointed many clients toward this verse.
Absolutely not. The economy has hit quite a downturn with tons of layoffs. Loads of low skill jobs you can easily find these days. Good demand, maybe really "the hottest" it has been there for a while. But the job market being hot for decent jobs? it's the opposite
My husband has been looking for a job since spring 2022 and has had tons of interviews but no job offer. He's working laying tile right now bc we need the money but I really need him to get a job with benefits. Paid time off and health insurance. Retirement account. I'm really starting to worry about retirement since I'm the only one saving for that and he'll be 38 in a couple months
I've raised an ungrateful and lazy child that is now an adult - what do I do now? Yes, kick him out and wipe my hands clean - Im a good parent now, right? Her son definitely needs a wake up call but of course its this mothers fault - you baby your child then they will grow up like a baby, how do parents act shocked by this?? I dont understand the logic
Mom would have done a much better job of raising her little boy if she wasn’t swooping in to save him at every turn. The best way to learn is by having to feel the consequences of your actions.
You’re better off telling people no. Agreeing to do something stupid especially when it comes to something like this always destroys the relationship and messes up your credit and financial situation.
“One of the hottest markets to get a job” shows me they really have no idea what he’s talking about, you can apply to 30 jobs and not even hear back from one and when you get an interview it’s like they don’t need anyone but legally they have to have a hire sign up
My parents never co-signed anything for me and the one time I actually asked my mom did me a huge favor by telling me co-signing is the #1 direct way to damage any relationship I have. Then she told me if she didn’t give a flying f*** about me then she wouldn’t have told me this at all. NEVER co-sign for ANYONE. And I mean ANYONE. But especially don’t do it for a child, parent or partner you aren’t married to.
I disagree a bit with the never cosign for your children... I mean cosign when they are super young for something small like a cheap car to establish credit i would do that.
60k for a condo would be a few hundred for the mortgage. This kids a serious loser if he can even make payments that tiny. So instead she is hoing to buy and sell this gift of a condo and he will need a place to live that absolutely will cost much more for him. Like 3x more. So he will end up homeless
If physically able go do amazon, fedex delivery, door dash , but people think those low level jobs are beneath them, but when you can't pay your mortgage they're always there.
For most of history, people just did a job to pay bills. Now everyone wants a title to make strangers jealous. My husband is a trucker and I'm a daycare worker. I'm good with our middle America existence.
I don’t think I would let my parents co-sign if they tried. That would just put even more stress on me knowing that it could ruin the both of us if anything were to go wrong.
I love your show. I used to listen to you on the radio . I’m a 75 yr old woman and can relate to this woman’s situation . I’m in a similar situation and too embarrassed to even call into your show but I believe all the advise you’ve given is absolutely right. I think it’s too late for me but she could certainly get her situation straightened out. You offer hope especially to older people who have let their kids take advantage of of them.
For their son's, some mothers will spoil, go over the top, and act like they can do no wrong no matter what; not so much for daughter's. He's either the only son or youngest son. A guy who talked his parents into co-signing, he was probably like, damn that was easy, so now that mom is wised up and tired of babysitting his sorry butt, he's going to turn it around on her and make her out to be the villain and dad just might side with the son. And why was there a need to co-sign on a place that's way less than $100,000.🤔 I bet if there's other adult siblings they told their parents not to sign for anything for him, and he's probably been to jail off and on in his younger days for petty stuff and they've paid his bail.
It’s not true it’s a hot hiring market. Ask anyone that’s been looking for a job. There’s a lot posted but it’s a lie. They’re not serious about hiring and they don’t want to train or retain. It’s been this way for a very long time. Even the jobs that don’t pay enough to to pay the rent aren’t serious about hiring.
Geeze Louise, he's had the condo for 20 years? How can there still be $30,000 left on the mortgage? Did he refinance at some point? How can there be another 11 years left? To lose it after all that time would be ridiculous. Why wouldn't he just get a minimum paying job and a temporary roommate until he finds a better job? I guess he just knows his mom will always bail him out.
@@shawnanderson7858 parrtially right, you maybe able to get "A" job. But the high paying jobs we r losing are being replaced by jobs that pay less than 50k a year. Not really "one of the hottest hiring market in the history".
@@user-mv9tt4st9k not sure what is funny here if "youngsters" are not getting high paying jobs, all the safety net that old ppl rely on will go bust. This is not really a us vs them. We r bleeding good high paying jobs in the tens of thousands every month.
OMG..'have him move out' this is a son who has used his mother. He isn't moving when she tells him to! He's going to gaslight...stall... cry... and refuse.
@@superblump87 Yeah, but if you raise him as a man baby, then she gets some of the blame as well. Women often raise there daughters but they love there son's.
Ugh, these parents are enablers!! They should have made him refinance long ago to get their name off the mortgage! Sell the condo, I hope these parents are on the deed!
A 60,000 dollar condo with 30,000 left on the mortgage after paying for 20 years? Really? Why didnt they just pay it off a long time ago? It's practically free.
He's probably taken out money using the equity in the condo.
@@karlabritfeld7104 Would the cosigners need to approve reverse mortgages like that? I really have no idea how cosigning works.
who has 30 grand just laying around. not most of the country
@@The92Waffles That's not what they're saying, no one is judging him for not paying cash on the house originally, they're saying 20 years is enough time to do it. Even making minimum wage, that's a tiny monthly payment, way waaay below the median rent people are paying.
@@The92WafflesI was thinking the same thing.
I know exactly what I do with that if I had that kind of money
This dude had 20 years to pay off a $60k condo and has not. What a major loser
I caught this too! How do you not pay that off in 20 years?!
or refinance it and take his parents off the note
He had enablers for parents.
Omg a condo that cheap would be a dream
I couldn't believe when she said $60k. I had no idea that was a thing still. If he can't afford that, there's no way he can afford rent anywhere. This guy is a major loser, dear god.
A 60k condo must have a mortgage of what $350? Just get freaking job at Target for $15/hour and he can pay that.
That’s what I am thinking. $15 an hour sucks but ubering while you look will easily pay that $350 mortgage
Louisiana 7.25 minimum wage
If I get made redundant, I'd rather get a low paying job until something more suitable comes along, than to sit at home playing X-Box and watching Netflix.
Starbucks 🥤
Yall need to realize they don’t give you full time hours, your doing part time, 20 hours a week, with bi weekly pay it’ll bleed you dry! and it end up being $400 every 2 week! How the hell do you expect anyone to live on that?
The bank felt he wasn’t a good credit risk by himself……guess they were right.
For a measley 60K loan too
Exactly pure child’s play and still fumbled the ball cause parents crippled him by enabling.
Parents don’t co-sign loans for cars, student loans, and homes for your adult kids
Yes! This wisdom also applies to all relatives, My self described con-artist nephew asked me to co-sign a student loan.
My parents co-signed for my student loans and I agree with you. It only enabled my poor decision.
Exactly
I don’t have kids now but if or when I do I’m saving money for them in a 529. I will not be co-signing any student loans. Those were the conditions my parents gave me and I’m going to keep that same sentiment. I’m one of the only one of my college friends without massive student debt and I’m eternally grateful.
Parents co signed for me on a car, paid it all off
I love how John is like, forgive yourself for the divorce, don't resent your son, etc... and then Dave is like yeah... pay the condo off. your son is a deadbeat.
Well John makes no sense. This have nothing to do with the divorce.
Their statements aren't contradictory.
@@jimmymcgill6778 The man love to project.
@@jimmymcgill6778 It does make sense as he assumes that both parents have guilt that their son has divorced parents and that's the reason they co-signed the contract. They wanted to compensate their son for the pain they caused him.
@@mirabella2154 The divorce is done with. This had nothing to do with that.
How can people do this to their parents?
Some people can do it and still think they are the ones wronged
How can parents do this to their kids?
@@maureenogorman8740Even worse, they do this and still think they're owed something. I know someone like that. He was in his thirties with two daughters and he once told me that his dad was a bastard and other things I can't type here, because he saw a used BMW for $20k and when he asked his dad to buy it for him, his dad said no.
@KENTUCKYUSA1 do what exactly? Lessons may have been taught that went unreceived. Or do you mean why do parents enable?
@@lcam9241 Yes, why would you continue to baby a middle aged adult? Is it simply a way to hang onto them? Control them? You tell me, I am baffled.
If they took out a $40,000 30 year loan in 2004 at say 5% APR the payment would be about $200/month.This guy is in for some serious sticker shock when he leaves that condo and winds up renting an apartment at todays prices.
You know it.,that Cinderella songs gonna be playing in his head…”don’t know what ya got, til it gooone…”
Taxes an insurance. $400-$500.
You forgot HOA fees
He doesn’t realize the deal he had back then compared to today
@@stopthelightskinguilt.3775 most don’t until their current situation ends, do you know anyone looking at apartment prices when your in a condo/home ? Not really a concern, but it will be when his mom tells him to get out..he’s gonna freak out…200 payment on that is nothing, you could only work part time if you wanted to…he’s seriously gonna regret sitting on his ass and making his mother make him move out…don’t take advantage of someone helping you out…
Does anyone else love hearing parents called out for the kids they've raised? I do.
After about 25 it’s on the “kids” Stop blaming parents after they’re adults
@@dmbgator86 Yeah, I know when I get puppies, and I just don't raise them properly and abuse them and teach them horrible habits that make them problems to be around, once they grow into adults I go "Its not my problem, don't blame me, it's the dog doing it". That's what responsible, sane individuals who certainly didn't just do a terrible job raising up something under their care, do. Just wipe your hands clean and walk away; not their problem anymore. Screw their kids, right? If anything, the parents are victims of these kids. The parents are just poor, helpless, innocents that are brutalized and mentally assaulted by their kids. I feel the same way when one of those dogs bites me.... how dare they!! Put them out in the woods and let them figure it out! Right?
I love to listen to naive people who think children are some kind of blank paper you can write whatever you want. Life would be so easy if that was the case.
As wrong as it may be to admit? Yep, but only because my parents were smart enough to instill responsibility in us because of both showing us, but us observing how HARD it was for them to do it, and they never complained. We knew and learned because we watched them. Of course, them being children when The Great Depression hit, they had NO choice but to learn and adapt to a hard life where NOTHING is a given and nothing is given to you. Five kids, in a small house, one bathroom, and living on the most basic of meals. I vividly remember times when my parents (unbeknownst to us kids back then) worried about making it until next week, and even though it was WAY, WAY before the welfare BS that is around now, they'd NEVER have taken a penny from it. I remember when my sister went somewhere and brought home some "government cheese" - remember that? My Father was very upset and told her to take it back. This from a family who for a lot of years ate spaghetti and left overs every night. NO charity. Church going, never missing even ONE weekend mass offering, even though I'm sure it wasn't much, they raised us right. None of us needed a cosigner because we were raised responsibly and knew if we didn't qualify for a loan on our own and didn't have the cash, we didn't need it. I'm not typing all of this to boast, rather to say I'm very blessed, thankful and grateful for having the parents who raised us to be responsible.
@@Cuntspiracy2.0not an entirely unreasonable statement although let’s remember that humans are far more complex than animals. I understand the sentiment but humans do have the ability to overcome bad parenting. I would argue animals are solely at the mercy of the owner. A dog isn’t thinking to himself “man my parents screwed up but I can turn this shit around” 😂
This is why co-signing a loan is ALWAYS a terrible thing to do - all of the risk with none of the control.
Only bad if you have a loser child
It really is. Five months of car payments on my son's car.
Nope, NOT always. So tired of these statements like every choice is just black or white.
@@kbanghart give me one good, valid example of why a cosigned loan might not be a bad idea
@@Lon1001 easy. Because the two parties, relatives, have a great relationship.
Let your kids stumble & fall the way you did when you taught him to walk!
Each time I hear one of these calls I respect my Parents EVEN MORE for never giving in to my or my siblings request to co-sign for ANYTHING. They raised four kids who ALL became productive and successful adults who can stand FIRMLY on their own two feet. Thank you Mom and Dad ♥♥♥♥
Blah blah
When I was first married, I had limited resources and needed a car. My dad co-signed a loan for me to get a decent used vehicle. It would have been extremely difficult without him backing me up. Paid it off no sweat. Responsible families do this for each other all the time. Thank you Dad.
Why get married with " limited " resources ??? A " car " is the kiss of death ! A car is what gets people into trouble ! Im 66 years old......graduated 1976, Never owned a car until I was age 24. To this day.... I have " owned " two vehicles. 1981.... Ford truck 7,500 dollars........ then my second truck... 2002........S-10 truck for 15,000 dollars. No one ever co-signed for me for anything.......including buying my farm !
You held up your end of the bargain, that's why there was no strain. They're talking about family members who do the wrong thing.
Nothing wrong with a parent co-signing for their young adult son or daughter -- if they raised them right. But this couple obviously didn't raise their son right. They raised a bum, and should have known he was a bum when they co-signed.
@@megalodon1726 Anytime " someone " co-signs " that someone becomes a bum !!!!! An easy way out. People need to learn to save money at an early age ! Not depend on others to make life easy for them !
Yes, well, that is one way of turning your responsible kids into irresponsible, lazy butts.
She has a dependent in his 40’s. He knows mom and dad are paying this. My goodness, I know we love our kids, but I pray to God that I raise my sons to be men.
There is a lot of blame to go around here. This guy's parents have coddled and enabled their son to be a bum his whole life, but he has also chosen to be a bum his whole life as well. I would have never even considered doing this to my parents. It shows zero consideration for your parents and he must have zero self respect to be so lazy and entitled.
One of the hottest job markets for low wages!
Then move
@@kbanghart You first.
@@15KHPCLUB ok
For a 300$ a month mortgage note even McDonald’s would do
@@ThePeanut12300 lol here in CA, the minimum wage for fast food chains is about to go to $20. $3200 gross a month (at full time)
My step son thought he was going to quit college, not work and sit around in our house playing video games all night. He was unceremoniously kicked out by my wife
What a good wife!!
Good for her!
That's what you do with the s__t. You take it out and let it rot elsewhere.
Good common sense advice. Don’t enable your kids into an irresponsible lifestyle. Teach them into a responsible one.
The Bible teaches parents to stir the nest, make life uncomfortable for adult kids who still live at home. Deuteronomy 32:11- As an eagle stirs up its nest and hovers over its young, He spread His wings to catch them and carried them on His wings.
Holy sh!t 2004 it’s worth 60k??? How the hell has he not paid it off yet?
Probably bought a boat and a few cars on the equity.
Must be a dump
I don't think this lady knows what she's talking about. If they bought a condo in Ann Arbor, MI for $30k in 2004, it's worth 4-6x's that right now. There's not a $60k condo within 100 miles of Ann Arbor
"You could plasma your way outta that one." Fucking Delony! Spot on every time. LOL!!!
LOL that WAS the line of the day!
This condo was 40.000 20years ago and 30.000 is still owed?! I don´t get it...
I feel like the woman was confused and only said what was owed on it…not what it was worth
It's in Michigan.
🎯. There’s huge information missing. In 2004 in my city (nothing out of the ordinary) a 2500 sg ft house was around 300 grand and a 1000 sq ft two-bedroom condo 150. Now 20 years later the house is 700 and the condo 350 -400. Very very few places haven’t had this type of housing increase in twenty frigging years. Aside from the whole mortgage point of the OP, why not sell the thing before “losing his house?”
Look at the schedule of a 30 year mortgage
I can't even fathom real estate being as cheap as a car.
He can get a job at McDonald's and make the mortgage payments on a 60k condo! And it was financed with a 30 year loan. If he can't swing the payments on this, how is he going to make payments on an apartment when she buys him out?? He's not. What she's going to do is buy him out and then let him live there for free. 🤦🏻♀
She needs to contact the bank and pay off the mortgage, that gets her out of liability. THEN, if her and her husbands names are on the title, they need to go to court and have the judge issue a forced sale.
Her son is on the deed. If she pays it off, he will stay there probably and there is nothing she can do. She can buy it from him and sell it or he can sell it.
@@juditharsenault2131she cannot sell without him and he cannot sell without her. It is a hot mess
@@juditharsenault2131 Yes, there are three people on the deed. This is a common occurrence similar to when multiple heirs own a property and one wants to liquidate. The remedy is to have a judge issue a forced sale, and then divide the proceeds. Ive done it
Bad advice. The son will have a condo in his name with no mortgage.
That is a worse situation.
How is this the hottest hiring market in history? People are getting laid off by the thousands every week.
Pretty much every service job in America is hiring, exactly the type of job this guy is qualified. The layoffs are in big tech and something tells me this bum isn’t a software developer
Construction is understaffed and paying great. It’s physical work that provides a great lifestyle.
hottest for those who dont want benefits paid vaca /sick days etc
My friends are all getting jobs that are like double their salary. My current workplace is desperate for workers too. But two years ago I was laid off as Covid died and yet everyone was saying best job market ever.
It’s all by industry.
Only thousands? In a country the size of the USA, "thousands" is nothing at all. A dropin the bucket.
Don’t co-sign on your parent’s mortgage either. I’m 28 and I’m forcing the sale of the house to get 50k back that is owed to me. NEVER EVER DO IT!!!
Yep. Sorry you're having to go through all the pain.
So what happened with your parents?
@@kbanghart basically they lost almost everything in the 2008 collapse in the real estate bubble. They needed me to co-sign because they didn't have the income or a good enough credit score. The last few months, they couldn't pay the mortgage when they have credit card debt and two car payments and I had to. Years have gone by with lies and false promises to refinance the house and pay me back and it hasn't happened so I listed the house. I hope this nightmare ends soon.
@@MrBrewman95 ugh I'm sorry, that is horrible.
When my mom and dad divorced, my mom was fortunate to get a very good lawyer who advised her to request half of my dad's pension, in return for control of the property as they owned a few jointly It happened just before the RE meltdown so suddenly my dad was left holding several properties that were upside down. He was never a big saver anyway, he spent it. So all his (and the 2nd wife) income all went to mortgages. Before the crash he had great sales years and they traveled, after it he was broke. Meanwhile, mom can afford her bills. Sorry if this is kinda long.
Even if she buys him out, she won't evict him and sell it. She'll continue to let him live there. Only now he'll have NO incentive to pay anything.
AND she'll get to pay the taxes and insurance.
100% !!!
I remember telling my roommate to get a job and pay his half of the rent...He held up his bottle of Jack Daniels and yelled "I'm looking!!!!!!!!!!!"
Did we have the same roommate? LOL
Hope you were able to ditch him right away!
Ooh boy 😢they are hard to get rid of
@@joyceboisvert9167yep
Better to leave
And not tell them to you're out, cus theyll do anything to stop you
Wow
Never. Ever. Co-sign. For anyone. It sounds harsh, but there's a reason that person can't get the loan on their own.
My dad is co signing on a car for my 19 year old brother. A Mercedes with a $950 lease payment
I tried to speak some reason but didn’t work, nothing to do but sit back and watch now
Why do you think he can't make the payments? Even a part-time job could pay that if he lives at home and doesn't have any other big bills.
Co-signing on a lease. Wow, that is 2x stupid.
@@sprint7412 he can make the payments, he is leaving his apartment and moving back in with my mom so he can afford it
I just think it’s a mistake that could end badly but even if he pays it fine it is such a waste too
Wow
Just enjoy the show. Might as well not spend time being miserable. He could buy a car for $7,000. Cars are a total waste of money. They depreciate in value.
The son isn't going to sell her the condo. She should just pay off the mortgage and walk away from the son's future issues.
You’re Dumb
Alot of these "kids" that don't work and sponge off their parents are going to have a rude awakening when one or both of the parents passes.
A $60k condo even at today's interest rates is less than $400 per month. Even factoring utilities and everything else you could get a job at sheetz and pay that comfortably
Tell me you live in OH or PA with this comment 😂
Calling it the hottest hiring market is a fallacy. Graduated from college and applied to over 200 positions that I was qualified for and matched the posting and was given calls back by 2 companies. Both just happened to be in my hometown and happened to have connections within the company. Its not about what you know at this point, its about who you know.
That's for a college grad position. For jobs in the $10-$18/hour range it's easy to get hired. A job like that is enough to pay his mortgage of under $300/month and buy food etc.
I believe his point in saying that is any job will do. He may not be finding what he is qualified and experienced in, but any gas station, coffee shop, car wash, grocery store, restaurant, and convenience store is hiring. Mop floors and scrub toilets rather than be a loser who depends on his elder mom when he is a supposed man in his 40s.
Putting him out is the right move but also risky. When parents coddle & enable adult children & finally decide to stop some adult children snap in a bad way.
They failed him in parenting him and now this is the result
The caller's son isn't going to move out unless it gets forclosed.
Her son is like my brother. Still owes on a trailer bought 25 years ago.
It's wild how people dont want to spend X amount in one go but have no issue spending double or triple that amount as long as it's spread over a few years. Seeing the money trickle slowly out of their account psychologically might feel better, but you are paying a lot for that privelege. I get it with a Mortgage and bigger purchases because It's expensive enough you cant just save up for a few months, but people finance everything now. I even know people financing their clothes. It's insane.
I’ll disagree in part in them saying “hottest hiring market ever” because for me coming right out of the Army I had to apply to 8-9 different places just to get a call for a part time retail job. This is a common experience with almost everyone I’ve talked to.
Dave’s plan. Buy it from him waste money on closing costs. Possibly have to sell at a loss, lose more money. When you do sell lose more money on closing costs
Plan B. He sells it, whatever he profits he uses for apartment deposit and rent. Doesn’t cost you anything
Honestly I think this is unrealistic advice. I don’t think she will kick her son out on the street. $30k is a manageable amount of money. She should pay off the loan as a gift and tell him he never gets a penny from her again. Tell him it is him getting his inheritance in advance and he won’t inherit a penny on the will. It cleans up her own financial mess and salvages what’s left of the relationship without kicking her son out on the street.
It’s not his inheritance in advance, its 30k less invested for her retirement. Who says she can afford to just gift him 30k? This is money that will be tied up for the rest of her life with zero liquidity (unless she kicks him out and sells) and zero return (unless he starts paying her rent). I don’t understand your logic at all.
@@dlyras she said during the call that she can afford it. You are misunderstanding my logic completely. I was saying she should gift him the entire property, pay off the loan, and fully remove her name from it. No liquidity and no return, just a one time stupid tax and say very clearly to him that he doesn’t get one penny from her ever again.
Seems fair honestly, but an adult child who put their parent in that situation will likely cry a river about being cut from a will essentially.
@@tylersanders2388 She said she can afford it meaning she probably has the cash, but she may not have the foresight to realise how it impacts her retirement years. One time stupid tax sounds more like, and yes you’re probably right. For her own sanity she should just rid herself of this. What a mess. Never co-sign for anyone, especially family. They are the most entitled.
He would still have to pay his HOA dues and property taxes, not to mention repairs, utilities and miscellaneous expenses.
Even if she pays off the condo, he will not pay the HOA monthly payment of $200-300. So it will foreclose eventually.
What fee? She can sell it.
She's buying & selling
60k Condo? Is it a damn treehouse?
LOL. Has to be.
The mother needs to go to the bank and pay off the loan.
She can then tell the son that was his inheritance.
Good one
As long as their names are no longer on the title, I like this solution. The condo is now 100% son's problem.
Best advice given right here.
This is the best answer yet.
Everything doesn't have to be so deep. "Forgive yourself for divorce"... she's an enabler
Yeah I thought that was a swing and a miss for Dr. John. He's always trying to find a way to cram in his advice, even when it's not applicable.
Cringe isn’t it.
"Forgive yourself for the divorce" came across as "stop trying to be 'the good parent' who continually attempts to make it up to the kids that you and dad split up and disrupted their lives in the process." 'Not so cringe when viewed from that POV.
@@user-mv9tt4st9k no I get the inference, and it’s quite an obvious one to make - it’s just not a counselling session.
It is John‘s delivery and shoe-horning in this on every single call that is cringe. I know he does it to sell and signpost his own show, but really it is jarring on the normal Ramsey Show.
He forgot to ask her if she was safe.
John said the hottest hiring market. It’s actually not. So many people can’t find a job right now. Including myself. I’ve been unemployed since last August. I keep getting rejected.
It's tough times I send you positive thoughts and keep the faith you will find work very soon 😊
Apparently you’re just lazy according to Ramsey and his crew.
It has been TWENTY YEARS! If she & her husband co-signed when he was thirty just so they could get him out of the house, that would make him… good grief!!!!
I work for a credit union and one of our members (older lady) pays for her adult sons (hes 40) bills and mortgage. He doesnt work
She's stupid.
I worked in banking too (here in Canada) and used to see it all the time unfortunately 😢Moochers!
Son has lost the will to live. Sounds like depression. He needs to somehow ignite a fire within himself. I’m praying for him. 🙏✝️
I was about to say that. Sounds like the guy has metal health issues.
Finally, a kind comment! Thanks
Yes, well, if he had to live on the street, he might find the will to "live."
Bullcrap, he is just lazy. He needs to wake up
@@bigshotadventur18too many people saying I’m depressed and justifying laziness
30k left over 11 years is like 300 something payment. what an entitled brat
The HOA fees each month might be more than the entire mortgage payment.
My dad cosigned my first car when I was 18. We lived in a rural area, I needed a vehicle to get literally anywhere, and I didn't have any money. Five years later, I had title in hand, $25k in the bank, and he never once had to hear about it. His credit probably picked up a couple points in the process. "Never" is a strong word that pretends everything is simple.
A 60k condo that he only paid half for in 20 years?? Was he paying 20 bucks a month on it?
If he can't afford the mortgage on a 60k mortgage from 2004 renting in today's market is going to be a rude awakening for him. My dudes going to be moving back in with Mommy or homeless.
Never co-sign, but also explain why. I wanted a care when I was young (I am completely responsible), but I couldn't get it w/o a co-signer. My dad wouldn't help me, but he never explained why he wouldn't. That would've been real helpful to understand his actions.
My dad loaned me a thousand
PepsiCo in my area (suburban/rural area) is paying $22/hr. McDonald's is paying over $16 with benefits.
There's no reason to say someone cannot find a job.🤑🤑🤑🤑🤑
He will not move out and then she will have to evict him.
I wouldn't call it "the hotttest hiring market in human history". That seems a little disconnected. The economy is shit rn, there isn't a hiring frenzy unless you are talking about fast food jobs
And you now gotta work those 3 jobs just to cover rent, groceries & vehicle
Fr! It's really bad right now. Luckily I have a job but others say they can't find anything other than fast food or retail jobs.
They owe 30k and have 11 more years of payments? They're only paying $2700 a year! Thats $225 a month and he cant make that payment?
He's in for a rude awakening when he goes out and rents an apartment at todays prices.
Dude....beer is expensive!
I’m confused about the math on this one. It’s worth 60000 at best, and it’s been paid on since 2004? 20 years? How is this thing not about paid off or paid off already?
Interest.
Mom, your son could be working at McDonalds and make this payment if he was willing to work. Let your son know now that you are done paying his mortgage. He either gets a job this week or he will be homeless on the street. Make it very clear, that if he doesn't get a job asap, and is foreclosed on, he will not be welcome to move back home with you for even for one night. Mom, you either do this, or you are the problem. My money is you won't!
How the hell do you not pay off at 60 thousand dollar condo in 20 years!
It’s not the hottest market in human history get a grip with reality John it’s actually the worst market people are struggling to find jobs
Im 66 years old....... No troubles finding a job !!!! Problem is..... there seems to be only " one " of me ???? Please......people get to work !
😊😊I'm curious. What kind of job do you have? I'm 57 and overweight. I found a new job about a year ago. I think my age and weight hindered me while I was looking. I work in customer service.
@@galaxyglitterlatte4664 Im age 66..... 6ft. 5 in. 275 lbs. I make deliveries for a local lumber yard. 7 am to 5 pm. Hauling and "manually" unloading items. Anything from Concrete blocks... shingles..... ply boards...lumber sheet rock ( I hate carrying the 56 inch x 12foot sheet rock !!) Should have two people always ! ... etc. Im fortunate..... My limit for lifting......around 150 lbs. ....... no health issues !
Many contractors called me the long armed ape.....because I could reach up on the truck to unload things.
The owner cant find anyone to do the work. Hired a 22 year old guy..... worked there two days....and the owner had to go to his house to wake him up in the mornings....he was hung over. After doing that 3 times....he fired him.
Same basic issue with three others he hired. They just never showed up for work !
It is not a hot job market as people think it is.
Agreed. One of the major retiree boomer misconceptions out there. I’m over 100 applications and only 3 interviews 0 offers.
Classic enabler. Those kids don’t change because they don’t have to.
1:24 idk where he got that information from. We are in an economic crisis where the job market is so bad. At the same time, being unemployed since April 2023 is unacceptable
@1:26 lost me at hottest hiring markets. Bs. These people see the signs but dont actually apply to see for themselves. They want a very specific person and one position. Once filled they just leave the sign up because the office workers are lazy. I cant tell you how many times ive seen a hiring sign, went to put in an app on their website but theirs no open positions... call and get the same thing. Ive been running a small business to make just enough $ to pay bills and eat ramen while putting in applications EVERYWHERE, following up with calls for nothing. You cant say everywhere is hiring when you havent experienced what is really going on.
It's a $60k mortgage. He can flip burgers for that....
People are doing a lot of hiring but not for the desirable jobs. That being said, I was rejected all last year. This year I’m making the least I’ve made in years but taking a retail job, but my bills are getting paid again, slowly. It’s ok to humble yourself and do what you have to do but don’t cop out on your commitments
It's OK to do any old job temporarily. I worked in the Department store between jobs. Doesn't mean anything. You do what you gotta do.
My heart goes out to this lady - but for other parents who might be thinking of putting themselves in this position by cosigning - be aware that the Bible forbids it. Proverbs 22:26-27
"Be not one of those who give pledges, who put up security for debts. If you have nothing with which to pay, why should your bed be taken from under you?" My Mom was a realtor, and pointed many clients toward this verse.
Is it really one of the hottest hiring markets in human history?
"We are hiring! Just not you lol"
On paper yes, but in reality, no. But there are plenty of "side gig" jobs anyone can go out and do at anytime. That is something very true.
@@owenson7969My buddy tried delivering food and drove across town. He didn't get a tip and realized he probably lost money on that first delivery.
Absolutely not.
The economy has hit quite a downturn with tons of layoffs.
Loads of low skill jobs you can easily find these days. Good demand, maybe really "the hottest" it has been there for a while.
But the job market being hot for decent jobs? it's the opposite
My husband has been looking for a job since spring 2022 and has had tons of interviews but no job offer. He's working laying tile right now bc we need the money but I really need him to get a job with benefits. Paid time off and health insurance. Retirement account. I'm really starting to worry about retirement since I'm the only one saving for that and he'll be 38 in a couple months
I've raised an ungrateful and lazy child that is now an adult - what do I do now?
Yes, kick him out and wipe my hands clean - Im a good parent now, right?
Her son definitely needs a wake up call but of course its this mothers fault - you baby your child then they will grow up like a baby, how do parents act shocked by this??
I dont understand the logic
Mom would have done a much better job of raising her little boy if she wasn’t swooping in to save him at every turn.
The best way to learn is by having to feel the consequences of your actions.
Not True All The Time
The son needed a co-signer for a $60k condo? Red flags all over the field
You’re better off telling people no. Agreeing to do something stupid especially when it comes to something like this always destroys the relationship and messes up your credit and financial situation.
“One of the hottest markets to get a job” shows me they really have no idea what he’s talking about, you can apply to 30 jobs and not even hear back from one and when you get an interview it’s like they don’t need anyone but legally they have to have a hire sign up
My parents never co-signed anything for me and the one time I actually asked my mom did me a huge favor by telling me co-signing is the #1 direct way to damage any relationship I have. Then she told me if she didn’t give a flying f*** about me then she wouldn’t have told me this at all.
NEVER co-sign for ANYONE. And I mean ANYONE. But especially don’t do it for a child, parent or partner you aren’t married to.
NOPE. Co signing is NOT always bad. STOP using CAPS to try to make your argument stronger lol.
@@kbanghart NO. Lol
@@Kyvax yep
I disagree a bit with the never cosign for your children... I mean cosign when they are super young for something small like a cheap car to establish credit i would do that.
The fact that he didn’t pay that tiny loan off in 20 years means he’s a LOSER
60k for a condo would be a few hundred for the mortgage.
This kids a serious loser if he can even make payments that tiny.
So instead she is hoing to buy and sell this gift of a condo and he will need a place to live that absolutely will cost much more for him.
Like 3x more. So he will end up homeless
If physically able go do amazon, fedex delivery, door dash , but people think those low level jobs are beneath them, but when you can't pay your mortgage they're always there.
For most of history, people just did a job to pay bills. Now everyone wants a title to make strangers jealous. My husband is a trucker and I'm a daycare worker. I'm good with our middle America existence.
Not in all markets, sometimes you have to get in line to even start work.
You forgot to mention Uber and Lyft.
Everywhere I see parents babying their children and not raising them with standards and this is the result
1:24 "On of the hottest hiring markets in human history." John is still pushing this erroneous statement...
It’s true. Anyone can get a job in 24 hours. Have you seen the latest news on CNN?
He’s probably strung out on drugs and she doesn’t want to admit it to herself
It's NOT the greatest hiring market in 2024. These people are not in touch with reality because they've been out of the job market for decades.
I don’t think I would let my parents co-sign if they tried. That would just put even more stress on me knowing that it could ruin the both of us if anything were to go wrong.
Wait hold up a minute. He owes 30 and it's worth 60, you bought it 20 years ago and he has 11 years to go. Something doesn't add up.
He probably destroyed it. It’s probably a mess and he never put work into it. So she lowballed the value
It should almost be paid off by now after 20 years.
When John said to forgive herself for the divorce, well, that was super cringe
Yea I was so confused as to why he brought that up 😂😂
I didn't realize he was a clinical psychologist as well as a financial advisor.
I love your show. I used to listen to you on the radio . I’m a 75 yr old woman and can relate to this woman’s situation . I’m in a similar situation and too embarrassed to even call into your show but I believe all the advise you’ve given is absolutely right. I think it’s too late for me but she could certainly get her situation straightened out. You offer hope especially to older people who have let their kids take advantage of of them.
Buy him out and sell the house and then her son can move back in with her !!! lol She's not going to put him on the street.
But don’t let him move in with mom.
For their son's, some mothers will spoil, go over the top, and act like they can do no wrong no matter what; not so much for daughter's.
He's either the only son or youngest son.
A guy who talked his parents into co-signing, he was probably like, damn that was easy, so now that mom is wised up and tired of babysitting his sorry butt, he's going to turn it around on her and make her out to be the villain and dad just might side with the son.
And why was there a need to co-sign on a place that's way less than $100,000.🤔
I bet if there's other adult siblings they told their parents not to sign for anything for him, and he's probably been to jail off and on in his younger days for petty stuff and they've paid his bail.
1:23 Ehhh I don't know about that. A lot of people are struggling to find any job these days with the layoffs and AI automation.
Lmao he can’t pay a few hundred or whatever the cheap payment is??? Do DoorDash or donate plasma. What a bum.
It’s not true it’s a hot hiring market. Ask anyone that’s been looking for a job. There’s a lot posted but it’s a lie. They’re not serious about hiring and they don’t want to train or retain. It’s been this way for a very long time. Even the jobs that don’t pay enough to to pay the rent aren’t serious about hiring.
Its such a hot market that it regularly takes 6 months to land a job. So hot right now, lol
Geeze Louise, he's had the condo for 20 years? How can there still be $30,000 left on the mortgage? Did he refinance at some point? How can there be another 11 years left? To lose it after all that time would be ridiculous. Why wouldn't he just get a minimum paying job and a temporary roommate until he finds a better job? I guess he just knows his mom will always bail him out.
"One of the hottest hiring market in the history" :D we r not in 2022 this is 2024, it is brutal out there.
If you're breathing, you can find a job.
Maybe not for the youngsters! 😂😂
@@shawnanderson7858 parrtially right, you maybe able to get "A" job. But the high paying jobs we r losing are being replaced by jobs that pay less than 50k a year. Not really "one of the hottest hiring market in the history".
@@user-mv9tt4st9k not sure what is funny here if "youngsters" are not getting high paying jobs, all the safety net that old ppl rely on will go bust. This is not really a us vs them. We r bleeding good high paying jobs in the tens of thousands every month.
2022 was one of the COLDEST.
OMG..'have him move out' this is a son who has used his mother. He isn't moving when she tells him to! He's going to gaslight...stall... cry... and refuse.
I aways say don’t mistake my kindness for weakness 🤨
If he's not gonna get a job , he's not gonna move out or sell it to her. he's gonna drag his feet from now on.
Never really know the whole story in these small clips. Son could be a bum, could be a drug addict , Mom may have never told him no his entire life.
He's still a bum in all of those scenarios.
All the more reason to get him out of there
@@superblump87 Yeah, but if you raise him as a man baby, then she gets some of the blame as well. Women often raise there daughters but they love there son's.
Ugh, these parents are enablers!! They should have made him refinance long ago to get their name off the mortgage! Sell the condo, I hope these parents are on the deed!