<prompt> Human: Throwaway for privacy reasons. My parents want me to cosign a mortgage with my brother. They presented this as an investment opportunity and a way to help their children make money. Their plan is to gift us 20,000 and have my brother and I put down 10,000 each for the downpayment. Then we would rent the house to our parents with them paying the monthly mortgage as their rent. They say we are welcome to sell the house when we are ready.Some background on the family:-Parents filed bankruptcy over 10 years ago. Credit score is tanked. They live paycheck to paycheck and wont discuss where they are getting the 20k from I am assuming from their 401k.-Brother works part-time with unstable income. Credit score under 650. Believes that this is a great investment.-My credit score is great which is why they need me to sign for the mortgage. But my income is 25,000year. I cant afford the monthly payment if my parents fail to pay. This seems like a terrible idea all around. My entire family is on board. My father attempted to apply for a mortgage in my name without my consent but got turned away because I was not present. How do I approach this situation without tearing the family apart?  <response>: You seem to already know the answer. This is a terrible idea. Say no and freeze your credit. 