Is it normal my siblings are paying my parents 100 a month on a 500k loan?

My parents lent them about 500k each to buy a new home. I recently found out they are only paying them back $100 a month. They basically took money from MY inheritance, we are all supposed to get a third but their debt will be nullified when my parents die.

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11% Normal
Based on 28 votes (3 yes)
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Comments ( 5 )
  • charli.m

    Glad to know you only care about what money you get from your parents. Shame they don't know.

    It's their money, not yours. They get to choose how they spend it, not you.

    Perhaps they intend on extending you the same offer. You certainly don't deserve it, but you are, unfortunately for them, their child.

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  • MangoTango

    This isn't normal for most people in either the First, Second, or Third World, lol.

    Most people aren't that fortunate to be able to give their kids $500k each. You have some financially savvy and super parents that WISELY saved, and likely made good investments.

    Your siblings are gouging your parents! However, maybe its just a token payback? Maybe it's in your siblings best interest to use their finances for other purposes?

    Sucks to be you, if you thought that this monetary inheritance was to be yours, now you can't look forward to it. Honestly, I would carry some animosity towards my siblings if they're just taking advantage here.

    Well, it's not any of your business, I suppose. This is between your siblings and parents.

    Don't say anything that you might regret. This is out of your hands. It's like a gift, and that's it.

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  • billy_potato_face

    Oh shit that sounds nasty. You ok ma dog?

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  • bend_over&over

    Your parents wont live long enough to get it all back at 100 bucks a month , especially with the interesrt accruing every month.
    $ 500,000 divided by $ 100 a month equals $ 50,000 months.
    NObody lives 50,000 months and that's just the principal , not including the interest.
    Who the hell would be stupid enough to agree to such a loan as this ?

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    • Parents who are being taken advantage of by two of their kids.

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