<prompt> Human: To be upfront, my family is great and there is no agenda of people screwing each other over and such.Now with the situation. I am currently living with my parents, with the opportunity to save up to 10,000 a year. My dad has always dreamt of owning a home but he cant because when he was younger, he was bad with his finances and went bankrupt.Hes been pushing for me to save and combine his own savings from his RRSP 15,000 so we can buy a home under my name. My worry is we dont have enough of a downpayment plus my dad is 55. I do not wish to be living with my parents by next year, ill be 25. I have no idea how much the cost could be monthly for mortgage but I dont think hell be able to afford it. I wouldnt be able to help out if I moved out. However, if all goes well. I could be possibly have a potential asset in the future if my dad continues to pay the mortgage. But if anything happens to him, im afraid he wont be able to pay and ill be on the hook.Can anyone give me some perspective on what I should do? Is it better to buy a 400,000 home for 25,000 downpayment or continue to spend 1800 on rent. Plus if I move out, Id be paying 1000 else where and not contributing the 400 I do to rent.Or should I not buy the house at all? Move out with an emergency fund while my mom and dad downgrade to a smaller place to save on while placing money into their savings. my moms a housewife  <response>: I have no idea how much the cost could be monthly for mortgage but I dont think hell be able to afford it. I wouldnt be able to help out if I moved out.Im confused. If your dad cant pay the mortgage and you cant either...who is paying the mortgage? Also you cant wipe out all of your savings on a down payment. None of you are in the position to buy a house. 