I just reviewed my car history and I have yet to own enough cars to reflect a
$48,000 total expenditure let alone debt. I have owned some pretty nice cars
(first car was a nice Monte Carlo and I currently have a nice Buick--several
trucks before and since--11 total) along the way but am having serious trouble
with my next car purchase because I don't want to have a higher car payment
than mortgage payment. The car I dream about is more than all the houses I have
owned combined and so will remain a dream forever.
Every situation is different. I agree that ditching the expensive cars is the
first step for the couple being addressed. However, there are times when moving
in with parents is logical. It can work, and sometimes is entirely necessary.
Freeloading isn't appropriate, however. There should be some kind of
exchange in the deal.
I had a sibling, their spouce and their many kids move into my folks home to get
out of debt. They stayed for 5 years and only left when my parents came to their
senses and kicked them out. It was such a relief for my parents to finally be
grandparents and not co-parents and it was a relief to my dear in-law to have
their spouse to themselves and not have to make "4-adults involved"
decisions.It is rarely healthy or helpful to move in with parents.