Just ask my MIL.
I’ve always known my in-laws were a little different. This just proves my point.
About 7 years ago, MIL’s friend J wanted to borrow $500,000 to open up her own restaurant. Through the years, this restaurant has seen good time and bad times. However, in the end, J decided to sell it and move to Alaska, taking the money with her.
While in Alaska, J used the money to open up a new restaurant. During this time MIL would constantly fly up there to see if she could get repaid. What ended up happening was MIL working for free in the restaurant. The theory? If J doesn’t have help then the restaurant won’t survive. If the restaurant doesn’t survive, then she’ll never get her money back.
Well, it’s been 2 years now and J has sold the restaurant again. Now she wants MIL to loan her another $150,000 so that she can purchase a house, fix it up, and resell it for a profit. Want to know what MIL did? She took out a second mortgage on her own home to get the $150,000 to loan J.
What makes MIL think she’ll ever get a single penny back? Am I the only one who thinks this is crazy?