<prompt> Human: Hey guys, this is a sad time for my family, but we are trying to come up with the best possible solution. I want to give some of the given variables, and then would love to hear any advice.So my dad works at a factory making 23 an hour and gets overtime equaling on average 2500 net a month job. Well the factory decides to close at the end of August. I live with my girlfriend in an apartment complex where I just signed a 1 year lease last month with monthly payments for 800. I bring in 3000 net a month. So given that context, My parents house has 14 years left on their mortgage with 1700 payments. My dad worked for a union company that provided him with the Golden 80 rule where if the amount of years he works at a company plus his age equals 80, then he can retire. He had 8 years left to retirement, being age 51 and worked for the company for 14 years. He says that if he finds a job that honors the golden 80 rule then he can still retire in 8 years. Problem is not to many places offer the golden 80 rule. In fact, in our area there is only 2 companies that do honor it and their starting pay is 12-14 an hour. My dads factory that is closing in our hometown is relocating to a town 3 hours away. So he is thinking if he should try to get a job there, continue making 23 an hour, while continuing to get his golden 80 rule credits.Regardless of the situation it seems like I have to cancel my lease and move back in with my parents. My apartment offers a layoff protection plan in which if I get layed off, I can cancel with no fees. However, if I do just randomly cancel I have to pay 2 months of rent 1600, Ill probably lose the 400 deposit too. Oh btw my dad has no education what so ever. However he has plenty of experience in his field as a baker.So questions are:Is it better for my dad to move away and honor his golden 80 rule and make decent money but acquire new expenses?Is it better for him to just get another job locally that pays significantly less? How do I go about canceling my lease? Anything I can do to lessen the penalty of canceling the lease? For me the only solution seems like I just move back in and take care of house payments, and it really doesnt matter what my dad does...I am wondering if you guys see anything else. Sorry for the lengthy post, thanks for taking the time to read.tl;dr: Dad lost his job, I have to take over my parents house payments. Should my dad move to get a new job that honors his retirement plan or stay local and give up on his retirement benefits.EDIT: Some more context. My mother works at 12 an hour atm, but will go up to 15 with a new job coming in the next couple months. My girlfriend currently is a student that plans to get a part time job and is willing to contribute. I have a sister who is also a student who is planning to get a part time job as well and contribute.UPDATE EDIT: First of all thank for everyone taking the time to read and give an input. It seems like there is two cases: Either my dad gets the job out of town or he doesnt. If he does get it the best thing to do will be for him to move there with my mom and rent a very small affordable place. Then we have options with the house: Either we sell it, rent it out completely, I live in the house Parents pay house rent, I pay their new apartment rent, I live in the house with roommates I sublet my apartment or cancel. If my dad doesnt get the job, and finds a job locally, they can sell house and downsize I stay at my own place, or rent out the house with me living in the house with roommates. It seems like I have to find a way out of my current apartment at minimal cost, whether the landlords are nice and let me go, or I sublet, or I can just pay the cancellation fee. Thank you so much everyone for your ideas and input, I will let you guys know what happens next! Assistant: Your parents raised you and provided for you, but you are under no obligation to move back in with them because of their financial mistakes. I say mistakes because a 1700month mortgage is way to high for a blue collar worker. Offer advice to your parents, maybe moving to a cheaper place is an option, but I dont think you should be expected to take over their house payments. I really dont even understand why you think you should. You are lucky you only have a 2 month penalty for breaking a lease. In the state I live in, I am responsible for the entire lease unless I can get someone else to move in. Luckily, I got a month to month lease. I would recommend that your Dad get a job in another location, sell the house, move into a cheaper place and live within his means. Human: Yup, I used to tell them way back when I was 16 years old that our monthly payment is too high, we should move out, etc etc.However they are my parents and yes I respect them and care for them. I dont mind my sacrifice to help them out. They come from a third world country and have struggled all their lives. It was always my goal to make sure I can give them a comfortable life. With the financial part of selling housemoving away. I brought this up to them as well; If they sell the house now, they predict a gain of 30-40,000 profit. However they have 14 years left on the payment, meaning they can pocket the total house value in 14 years which is probably going to be 300k They bought it for 200k So yea that it self is also an investment and a thing to think about.You are absolutely correct maybe it is a better option to downsize and just pocket 30-40k now?Assistant: I am so confused. Your parents have 30-40k EQUITY in their house and you are going to ruin your life to help them out even more?They are adults. They can choose to sell the house, move to the town where your Dad can keep his job - then retire in 8 years. Why is this a problem?I understand. Family is family. But when a child makes bad decisions, a loving parent will allow them to suffer consequences. A poor parent bails the kid out - then the kid never learns. How is this any different now that you are all adults?Human: Thanks for the advice. Another used pointed out moving away as well and give up the house for rent. I agree with both of you and will talk to my parents about that option. The house is 30-40k now, but in 14 years it can be 300k. If the house is split to my sister and I 5050 that nets me 150k. So I have to think in terms of do I save the house now to get 150k 14 years later? However yea you right, it seems more logical to just get rid of the house, it seems like too big of a burden anyway given the budget we have. 30-40k now isnt too bad..  <response>: I will say this, NEVER count on an inheritance. First off, its bad blood in the water for family if you expect things from them. Second, it ALWAYS leads to disappointment - or resentment if your parents make more bad decisions that jeopardize your rightful inheritance. Just my two cents. You sound WAY to connected financially with your family. Exercise some healthy independence and continue to love your family without the stress of money ties. 