Question

Suppose your parents inherited your grandparents' house. They decided to move into the house and sell your current house. They did so because the house was free. Which Statement is True?

a. A good decision. They will save so much money.
b. Maybe a good decision if they want to spend what they could get for your current house.
c. Not a good decision. They are giving up the house you grew up in.
d. Unclear as it depends on the value of the current house relative to the value of the inherited house.

Answer 1

The statement that is true in this scenario is d. Unclear as it depends on the value of the current house relative to the value of the inherited house.

Step-by-step explanation:

It is unclear whether it was a good decision for your parents to move into your grandparents' house and sell your current house without knowing the respective values of the two properties.

If the current house is more valuable, then it may not be a good decision since they could potentially get more money by selling it. On the other hand, if the inherited house is more valuable or has sentimental value, then it could be a good decision for them.