Reporter's query: Are you sharing a home to save cash?
10:43 AM Mon, Oct 27, 2008 | Permalink
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Sharing spaces: Have you moved in with family or friends to save money? Has a foreclosure of job loss meant giving up your own space to share with somebody else? Providence Journal Staff Writer Lynn Arditi is looking to interview Rhode Island families who are sharing spaces for a story about how the economy is impacting peoples' lives. Please contact her at larditi@projo.com or call (401) 277-7335. 
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To anyone thinking of sharing his home with a friend to help to cover skyrocketing bills, DON'T DO IT.
I have a friend who did this, to help a mutual friend who lost his home to foreclosure after protracted unemployment, and to bring in money to pay for long overdue repairs on his home. The guy went through all of his money and then just stopped paying. He had a white collar job, and refused to take 'just any' job; instead he squeezed a little cash from relatives. This went on for over a year. He is over 18 months behind. As he is 60 years old it is highly unlikely that he will ever get another 'real' job again, not with the job market the way it is. In the meantime, my well-meaning friend is stuck with this freeloader, and needless to say the relationship is ruined.
Lesson to be learned: If you are going to share your home, better to do so with a stranger so that if you have to kick him out you will not feel so bad about it, and will do it quickly. Don't take in a friend or family member unless you are mentally and financially prepared to carry him. By the way, this guy tried to get help from the welfare office (which was full of kiddies), but they wouldn't give him a dime.
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