Your parents have a spending problem and are not good with money. Giving them money will not solve their problem just like giving more drugs to a drug addict will not solve the problem.
You said you are going to give them the money. Are you going to give them the money until all your money is gone? Once they start, they will not stop.
They need to tell you the truth about how much they owe and may owe more than you have with that second house.
They need to educate themselves on spending money and plan a budget or their problems will continue until bankruptcy.
















