| Why would the parents get the big house if you're building it? I like the smaller homes and a large gathering space. |
| OMG. This would be my nightmare. |
+1 OP sounds really young, and still focused on the parents as the center of the family, rather than the folks with young kids themselves. |
I laughed out loud. I'm not diametrically opposed to this concept but I think I'd prefer to do it with our friends instead of family. Some people on my fiancé's side would be stealing my toilet paper and sh*t. |
Ostrich is clearly the correct answer. Sorry OP, I don't see anything wrong with this, but it's not a choice I'd make so I know nothing about it. |
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This is not that uncommon in other cultures. Including having the elders live in the main building, which serves as a congregation point.
It is also not uncommon in cults. |
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Ok I'll bite. We're doing this in our home country in Europe. It's common there for people to have a nice summer house with considerable land for a garden (because back in the Soviet times, there were food shortages at the stores).
My parents' summer house is nice, but there's not enough room for the extended family to stay there all at once, and it's a bit of a drive from the nearest city. Our plan is to buy manufactured houses (think high-end log cabins.. it's the style there) and place those on the property. There's no zoning restrictions, and the property already has water and electricity hookups. However we don't plan to live there full-time. Just stay a week or two every summer. |
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That's a lot of work for just 2 weeks in the summer!
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Inherit the land. That's how everyone I know who has a "family compound" does it.
I know one family in the middle of Cape Cod with something like 40+ acres. All the siblings and their kids live full-time on the property in something like 8 houses. It's not beach front, but that property is worth $$$$$$$$$. |
| I totally want to do this with our friends (and many of them would be willing as well). I'd take one of my brothers, but my parents and the other brother? No way, they'd turn what we had from a pseudo-hippie cooperative into a prepper's bunker. |
Yes, for the families I have known that is how it works. At some point, someone had enough money to buy lots of land, then the kids built their houses on the property. I suppose you do need to make sure the land can be subdivided. then their are the issues of divorce or a couple moving & selling their house to someone not in the family. You'd need a real estate lawyer to figure out that, maybe a trust owns the land? |
| Buy a number of connecting rowhouses/brownstones and have at it. |
| OP. the first thing you need to decide is who actually owns the land on which the homes are located. If you own it all, then you are essentially the Lord/Lady of the manor and everyone else is a tenant. If everyone owns their own plots, then you run the risk of the plots being sold outside of the family (even if you have the first right to buy the person out before they sell to someone else, will you have the money to do so). A third option is to create a co-op situation where everyone owns everything and sell prices are established at the beginning and you have some kind of dues to create a common account of money that can be used for upkeep of the properties and buying someone out if needed. Bottom line, this is not an easy thing to do in America because of how we view real estate ownership. |
Is that the Nimitz compound? |
That sounds amazing. I will make a note to self for my future incarnation to be born into a family like this. |