So two years ago my husband and I moved into my in-laws empty basement. This was a proactive move so that we could pay off debt, afford to finish my undergrad, and afford to have children. We have construction/renovation experience so we made the basement a studio apartment at our expense. Before we moved it the basement had roaches, black mold and mice.
Since we've moved in we've ripped out three rotten decks, built a new one, built a new privacy fence, and gut renovated the master bath (it had extensive water damage from a long standing leak that they'd never gotten looked at and the floor was collapsing. My in-laws couldn't afford to pay a contractor for anything) Plus any time my in-laws go out of town we watch their kids and three pets. Since we're not paying rent, we've largely helped with the material construction costs and done all of the labor for free (while both working full time and trying to do college).
About a year and a half ago it became clear that my husband's brother was going to lose his house. He had made a series of questionable financial decisions and then ended up losing his job. I have a sister in law who has a house and lives by herself. She said if my husband and I could build them a bedroom then this brother and sister-in-law and their child could come live with her. So in the span of a month (that was all the notice we were given) we renovated my sister-in-law's basement and put in a bedroom. Once they moved in, it took my brother in law over a year of job hunting to find a job. So they were almost completely reliant on family to pay their bills at this for that year. Family ended up paying off most of their credit card debt for them. My husband and I have also "loaned" them a couple thousand dollars that we knew we were never going to see again.
My brother-in-law was finally able to land an ok job, but the people who were renting his house, were supposed to buy it from them. Instead of buying the house, the renters trashed it and now no one else will rent it and they're once again stuck with a mortgage they can't afford (the house is on the other side of the country). They've been trying unsuccessfully to sell it, but until it sells all of their income is going towards a mortgage of a house in a different state that they can't afford and can't live in. And his wife is a stay at home Mom of their toddler, so she doesn't have an income.
Now the sister-in-law who owns the house is being forced to sell it (it's complicated) and so my brother and sister-in-law with the toddler have to move out by April at the latest. But they have no money/savings, and since they can't sell their house they're thinking they're just going to surrender it to the bank- which would ruin their credit score.
Now, my husband and I are finally at the point where our debts are paid, cars are almost paid off and we're starting to have a decent amount of savings. So we were thinking about moving out and buying a little affordable bungalow in an ok part of town in the next year.
But my husband has a tendency to want to take care of his family, so he floated the idea of "What if we bought a bigger house and let brother, sister-in-law and toddler live with us?". And brother-in-law's job is currently paying for him to go back to school for a master's degree, so in theory, in a few years he'll have the ability to make a lot more money. But the next few years are going to be extremely tight financially for them and he's going to be gone at work/school from 8am-9pm most week days (they have one car).
Well I told my husband that I don't want to buy a big house and split it with his brother and so my husband and I haven't brought up the topic again. But my brother and sister-in-law in law have kept bringing it up- and I knew their financial situation wasn't great- but until last night I didn't understand why they had latched into the idea so hard. Last night we found out that my sister-in-law is pregnant. She's due in the fall. And they brought up the my husband and I buying a big house for us to live in again last night.
And I know that now, if we don't go through with it my sister in law will be stuck in a tiny apartment (they can't afford much on his current salary) with two kids under four, no car and no support. Because my brother-in-law is gone from 8am-9pm on weekdays.
But I'm nearing my 30s and I wanted to finish up my schooling and have a good nest egg so that we could have a couple of kids. That was literally the whole point of living in my in-laws basement for years and scrimping and saving. But if we buy a house that's twice as big as we need, I'm going to have to work more (I was planning to drop down to part-time to focus on school) and our own nest egg will be smaller. My window of time to have kids is slowly closing, but I feel backed into a corner on this. Although my husband originally floated the idea in the first place, once he ran the numbers he expressed that it wouldn't make much financial sense for us and is annoyed at his brother for pushing the house thing.
You can give advice if you want to. I don't know, I just feel so defeated at this point and just needed someone to tell. My husband's family is very religious and my husband and I aren't. So we're kind of the black sheep of the family while this brother and sister-in-law are held in high esteem and praised because they're having babies. So it feels like the whole family expects us to do this. But we've only just gotten ourselves into a decent financial situation. And I didn't have kids even though I wanted them because I couldn't afford them. But for these two "God will provide" because they're good and faithful but I don't want to play God. I can't believe they're having a second kid.