<prompt> Human: 24 years old, 80k base salary, 450k savings account sold a very small business in college, 100 savings rate at the moment. I want to buy my parents a very nice house...I intend to be the sole signor of the mortgage, what should I do to set myself up for a high loan amount? Thanks all.Edit: Looking for houses in the 800k-1M range in Bergen County, NJ highest property tax rate in US.Edit 2: My income would not be paying for the mortgage, they make 15kmonth via their small business but cannot sign for a mortgage due to a previous short selling of an investment property.Assistant: You do realize that already having a mortgage is going to make it harder for you to get your own someday right?Can your parents afford the upkeep on a nice house? Have you asked them if they want this?Human: 1. Yes but if we accelerate the payments and pay it off within 7 years that would be OK right?2. Yes they can. 3. They would appreciate. I would only be signing my name on the mortgage and putting the down which is the least I can do for the putting up with me for 24 years : . Their business income would be more than sufficient to cover monthly payments but they are unable to sign for a mortgage due to the short selling of an investment home a couple of years ago.Assistant: Appreciate??...Appreciate??? Dude, the most appreciative they will ever be is you being 23, alive, and making 80K to start and 450k bank!! Holy Fu!! Buy them a nice watch. There, I saved you a million dollars. Im sorry, I love my parents immensely, but just cant wrap my mind around this thinking. Human: LOL.Theyve made so many sacrifices for me and I just feel like this is the least I can do for you them, ya know?I can see why it may seem perplexing but I cant imagine anything else that would make me as happy as buying a nice home for them will.  <response>: This is not the least you can do for them, it is the MOST you can do for them. I dont see this ending well. 