<prompt> Human: I am currently a graduating from graduate school this year and am dealing with a situation Ive only heard rumors of and never thought Id be in this place. I am currently trying to understand finances regarding this topic and I thought Id ask this community for help.My post-graduate plan is to start a business and my estimate to start this particular venture is about 300,000. I told my parents of this and it caught them by surprise as they expected that Id make a six figure straight out of school. Their plan was to have me take out a loan for a 600,000 loan to buy their house they are currently paying mortgage for using my credit 750. I love my parents, but something about it just didnt sit well with me. Why do they tell me this now? Currently I feel as if Im a retirement plan for them. My mom was telling me that if I take this loan out, they would get 480,000 in cash. However, Id be stuck with the mortgage which would be about 3000 a month. Even if I take a job, Id make about 8000 month after taxes, if I factor in the mortgage, student loans, and retirement, I take a huge hit and cant even reap the rewards of endlessly studying and working for past 8 years. Im so convinced on this business plan and this opportunity to create some real net worth and forge my own future. Im even in the works of gathering sufficient collateral to take an SBA loan with my partner. But this is really a roadblock. The vibe I feel is that they are disappointed that Im turning down a 110,000 salary to follow my business passion which I believe makes even more in the long run. My parents are saying that they could finance the first couple years of business with part of the 480,000 and cover the mortgage until I get settled, but Im having my doubts. Id like to do it completely on our own with me and my partner with no strings attached.I know it most likely is a bad idea to buy a house, this quickly out of school. I told myself I wouldnt make the same mistakes as them investing capital in real estate and losing money. Im totally comfortable renting out cheaper locations or a tiny comfortable house with me and my girlfriend. Id just like opinions on how to handle this from someone who may understand. Thanks in advance!Edit: Thank you for all the responses. It really helped me understand the situation a whole lot better. Ill reasonably explain to parents why I am saying No to buying the house. You guys are all awesome. Thanks!!  <response>: Note to self. Buy a yacht and call it my dream yacht so I can guilt trip my children one day into taking over the loan payments so my credit is freed back up to make another irresponsible impulse purchase I should have never made in the first place. 