Parents Refused To Pay Back The $150k They Borrowed From Their Son To Build A House, Gets Bashed Online

By Danish Faheem
10 months ago
4 minutes read

When you need quick cash for a financial emergency or a business opportunity, where do you turn?

Many people have relied on the bank or “The Bank of Mom and Dad” since childhood, whether it was for a candy bar at the store or help buying their first used car. Asking parents for a loan seems logical, but borrowing from them as an adult can be different.

Parents often offer loans without interest and with flexible repayment terms. Unlike banks, they don’t act like loan sharks. Parents generally provide better deals, but what about parents who borrow from their kids? Do they repay, or do they behave like the parents in today’s story?

A 19-year-old, referred lent $150,000 to his parents to build a new house for all of them. His mom promised to repay OP once they sold their current house.

Did they keep their word? Absolutely not.

Scroll down below to read the story!

Source: Reddit

1. Uh ho. Lending gone wrong.

2. In his teen years, OP gave his parents a house loan of $150K. He was promised repayment upon sale of their old house.

3. But when the time came, they refused to repay saying they had done so much for OP all his life so he was obligated to pay for the house.

4. Confused and not knowing what to do, the matter was taken to the Reddit community for advice.

Source: Reddit

Here’s what the internet had to say about this:

5. Someone please make me make sense of this.

Via pdpguppy

6. You are in no way obligated to pay for their upbringing of you.

Via Winter-eyed

7. You need to talk to a lawyer now, not the Reddit community.

Via Jen5872

8. Bulldoze them and then sell their house.

Via Dooshbaguette

9. I hope OP learned his lesson.

Via FakeNewsOftheGalaxy

10. OP has already lost 150K. There is not much he can lose now.

Via Odd_Fellow_2112

I hope OP can somehow manage to get it out of one of his parents’ mouths that they obtained a loan from him, and that they were obliged to repay, and voice record the whole thing when it happens. It would then be an easy trip to the court and a gorgeous payout.

And now to address the elephant in the room, what the fu*k is a 19-year-old doing with $150,000. An amount he had as spare as he lent it all out so easily without documenting it.

Source: Reddit