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Yahoo
2 hours ago
- Yahoo
Son Sends Parents Money Every Month to Help Pay Their Mortgage. Then They Get Upset When He Asks to Be on the Deed
When he asked to be put on the deed for the house, his parents called him 'entitled'NEED TO KNOW A man has been helping pay his parents' mortgage for four years Given his financial contributions, he asked to be put on the deed However, his parents called him '"entitled" and accused him of trying to "steal" the houseA man's parents called him "entitled" for asking to be named on the deed of their house, which he has helped pay for over the last few years. On Reddit, the man shares that his parents bought a house 10 years ago and later ran into "some financial issues." "Long story short, they were behind on their mortgage and were close to losing the house," he writes. Around the same time, he landed a "stable job" and "stepped in and started helping with the payments." 'At first I told myself it would just be for a few months. That turned into a year," he continues. "And now, it's been almost four years of me sending money every month to keep them afloat. I don't live in the house. I never have." While renting his own place, he's been helping his parents pay down their house. But, recently, he told them he was going to start cutting back on the payments, as things were getting more expensive and he wanted to start saving for a place of his own. However, his parents asked him to help out for a 'little longer' because they 'couldn't handle it on their own.' The man told them that if he was going to keep paying for the house, he wanted his name on it. 'I didn't say I wanted to sell it or kick them out or anything just that I'd feel better having some kind of legal tie to something I've been financially responsible for,' the man explains. His request made his parents "really upset." His mom accused him of "trying to steal the house" and his dad said that he was acting "entitled." The man insists that he just "wants to protect" himself in case something happens. "I feel bad because I do want to help them but at the same time, I'm 29 and spending hundreds a month on something I don't even benefit from," he concludes, asking if he is wrong. People in the comments were firmly on his side, noting that he should either get his name on the deed or stop paying completely. 'It is really unreasonable for you to be paying off someone else's mortgage when you haven't been able to save to get your own place. Four years is too long,' one person commented. 'Please draft up a ledger showing the dates and amounts you have sent in for the mortgage. Are you paying it directly to the bank? Or are you sending it to your parents for them to put towards the mortgage? At this point, you have given them notice. You can cut them off now. The only people acting entitled here are your parents,' another person commented. Read the original article on People Solve the daily Crossword
Yahoo
10 hours ago
- Yahoo
Canaccord Genuity Initiates 'Buy' on Gold Fields (GFI) with $33 Target
Gold Fields Limited (NYSE:GFI) is one of the best stocks to buy amid gold rally. On July 28, Canaccord Genuity issued a 'Buy' rating as it initiated coverage on Gold Fields; it set the target price at $33. The investment bank cited strong near-term growth prospects for the South Africa-headquartered company. Gold Fields, a top-10 global gold producer operating 10 mines worldwide, is poised for near-term growth driven by expansions at Salares Norte and Gruyere through 2026, alongside ongoing development at Windfall and key assets like St Ives, South Deep, and Tarkwa through 2028. Canaccord Genuity projects notable deleveraging by 2027, which could bolster the company's capacity for M&A and support a re-rating of its shares through rising production, profits, and shareholder returns. Gold Fields Limited (NYSE:GFI) is a globally diversified gold mining company. It explores for, develops, and produces gold, with additional activities in copper and silver extraction. The company operates nine mines across South Africa, Australia, Ghana, Chile, and Peru, and owns the Windfall Project in Québec, Canada. Its primary product is gold bullion, refined from both underground and surface mining operations. While we acknowledge the potential of GFI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Bloomberg
10 hours ago
- Bloomberg
South Africa Autos Supplier Takes $41 Million Tariff Hit, News24 Says
A South African company that builds automated assembly lines and develops production software for BMW AG, Volkswagen AG and Mercedes-Benz Group AG lost contracts worth 750 million rand ($41 million) as a result of new US trade tariffs, News24 reported. Jendamark Automation informed its board that the contracts that were expected to be signed within the next two to three months will no longer be happening, the website reported, citing Managing Director Siegfried Lokotsch.
