how to show my father-in-law why buying makes sense?

[Steven Torrez]

Hello,

My fatherinlaw lost his house about 5 years ago to forcosure. He has been renting ever since. I was talking to him today and he said he will never buy again because he has been burned. He's living month to month and has very little savings. 

How can I show him how buying makes sense in the long term? He is in his mid 50's and is convinced he will be working to the bone until he dies. He's so defeated and it breaks my heart to see it. His wife doesnt work, but i think when getting the alcohol under control she has the ability to step up.

Does anyone here have links i can show him that have simple breakdowns and arguments to why he should buy (and buy right) vs rent. He respects me but wont take my advise unless i can back it up with facts. He would rather avoid the conversation than actually think it over.

Id love to hear your suggestions! 

Thanks, Steve