Can you explain how I might be getting screwed over in my rental agreement with my father?

He presented it as if he wasn’t, though. That’s kind of the thing. It was presented to me like he was doing me a favor right now. When I said I was going up to look for apartments, he intervened and said “no way, you don’t wanna rent. Here. I’ll buy a house, you’ll pay me what it costs and nothing more, it’ll be comparable to renting a place and you’ll have more security.” I was 22 when I came here, even more clueless than I am right now (which says a lot), and trusted that he was doing something for my benefit. If he’s making any profit off me when he knows I’m eating ramen and scrambled eggs to make it through the summer, and he owns a Range Rover, that... feels bad.

So I’m gonna try to figure out what the mortgage agreement really is and what the 1k/month covers and see if it’s all what he said it was. That’s my next step.

/r/personalfinance Thread Parent