Ask Amy: House deal puts family in emotional escrow

Dear Amy: My wife and I bought a house. Our intention was to sell it to my son and his wife for the same price that we paid for it.

We rented it out while getting their existing house ready to sell.

We agreed to the stipulation that they need to improve how they handle their money. They both work, but live paycheck to paycheck. (My daughter-in-law is a spending machine.)

The new and bigger house has appreciated 20 percent since we purchased it and they both really want to move in, but they have not kept up their end of the bargain.

If I cancel this deal or delay selling this house to them, she will go bonkers.

She is VERY headstrong. My son needs to stand up to her, but I am reluctant (I already tried) to put this on him because he is going through treatments for depression — this depression thing has really changed him.

He has mentioned failure and suicide.

I just cannot support a lifestyle that supplies 37 pair of underwear for their 4-year-old daughter.

His mother and I want to do the best thing.

What do you think?

— Concerned Father

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