Dear Abby & Ann Landers – what would you do?

Dear Abby / Ann Landers:

Hypothetical Elderly Parent Options for Last Years –

What would YOU do?

Hypothetical question about elderly parent – answer ONLY based on info provided:

1) Elderly parent living alone, but doing well in retirement, pension & social security $; healthy nest egg, no $ worries
2) Health is good for octagenarian – no maintenance prescriptions
3) Children pop in weekly or bi-weekly to run errands, visit, take care of home/business, but unfortunately live ‘out-of-town’
4) Slight dementia w/ short-term memory lapses
5) Walks 3-4 times a week; drives to church, drug, and grocery store as needed
6) Lives alone, complains about being ‘lonely’
7) 100% relies on others to do everything, but refuses to have ‘strangers’ come into home
8) Lives in neighborhood where houses sold in $300k, now 1/2 to 3/4 value after ‘bust’

Retired octegenarian now wants to sell a home with NO mortgage & move an hour away into a home 2 x as big (& 2 X as expensive) so child #1 (who is single) can live with retiree so retiree won’t be lonely anymore.

Child # 1 advised retiree to sell current (100% equity) home to children, one child sells 50% share to other, & child #1 w/ cash purchases home in their name only – retired parent lives with in home purchased. Child lives in ‘boonies’ & works full-time as a health care provider for a local tiny hospital (basic care, no specialties or trauma unit). Child # 1 predicts current house will sell for more than Zillow.com value.

2nd child has-offered to create a parent-in-law suite in child’s home, with private entrance, private bath, with parent’s investment of about $15-20K, so parent can keep original home (and rent for additional income). 2nd child lives in ‘bustling’ metropolitan area, but quiet ‘bedroom community.’ Predicts current house sells for 20% below Zillow.com value, losing up to $70K in value if wait for 2-3 more years to sell.

What would YOU DO if you were children?

To answer this question, go to:

http://www.linkedin.com/answers/personal-finance/personal-real-estate/PFI_RES/851668-3621587?browseIdx=0&sik=1308121420122&goback=%2Eamq

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And God Created Virginia

AND GOD CREATED VIRGINIA

(Even non-Virginians should love this one.)

God was missing for six days. Eventually, Michael, the archangel, found him, resting on the seventh day.

He inquired, “Where have you been?”

God smiled deeply and proudly pointed downwards through the clouds, “Look, Michael. Look what I’ve made.”

Archangel Michael looked puzzled, and said, “What is it?”

“It’s a planet,” replied God, and I’ve put life on it.

I’m going to call it Earth and it’s going to be a place to test Balance.”

“Balance?” inquired Michael, “I’m still confused.”

God explained, pointing to different parts of Earth.

“For example, northern Europe will be a place of great opportunity and wealth, while southern Europe is going to be poor.

Over here I’ve placed a continent of white people, and over there is a continent of black people.

Balance in all things.”

God continued pointing to different countries.

“This one will be extremely hot, while this one will be very cold and covered in ice.”

The Archangel, impressed by God’s work, then pointed to a land area and said, “What’s that one?”

“That’s Virginia, the most glorious place on earth.

There are beautiful mountains, rivers and streams, lakes, forests, hills, and plains.

The people from Virginia are going to be handsome, modest, intelligent, and humorous, and they are going to travel the world.

They will be extremely sociable, hardworking, high achieving, carriers of peace, and producers of good things”

Michael gasped in wonder and admiration, but then asked, “But what about balance, God? You said there would be balance.”

God smiled, “Right next to Virginia is Washington, D.C.  Wait till you see the idiots I put there.”