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re: Cousin just asked me for money: he’s a high income earner and parents are wealthy

Posted on 8/18/23 at 7:57 am to
Posted by Big Jim Slade
Member since Oct 2016
4956 posts
Posted on 8/18/23 at 7:57 am to
How far has he fallen behind on his apparently several mortgages that he needs $50k to catch up? And if he could not stay afloat before, why would catching him up change anything? Sounds like he’s living beyond his means and wants you to help get him back to even so he can keep his stuff and do it all over again. Pass.
Posted by Motownsix
Boise
Member since Oct 2022
1982 posts
Posted on 8/18/23 at 8:28 am to
quote:

ow far has he fallen behind on his apparently several mortgages that he needs $50k to catch up?


Even if you have two homes that you paid $500k for each, $50k is about 6 months of mortgage P&I with taxes and insurances.
This isn’t a legit story.
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