Reply to SO: Thoughts on sister and her DH buying a house with my mother?

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[quote=Anonymous]My father died several years ago and my mother lives on her own, where she gets a bit overwhelmed with apartment upkeep, plus monthly building  maintenance costs of over $3k.  (She lives alone in a three bedroom NYC doorman building apartment, her primary asset.). She’s also a bit lonely.

My sister lives in NYC with her DH and young kids.  They are in a rental but hope to buy.

My sister has proposed having my mom sell her three-bedroom apartment and instead buy a place with her and her DH.  My sister argues that this arrangement would allow her to take care of our mother in her old-age, and just help more generally.  She argues that she and her husband couldn’t afford a large enough place without my mother’s investment.

Needless to say, I’m deeply concerned about what such an arrangement would do to my future inheritance, and I somehow don’t see my sister’s motivations as 100% altruistic.  (I’m sure she’d love $1 million invested in a shared townhouse.). But I can also see how such a living arrangement could be beneficial for my mom.

We’d welcome my mom to move in to our home free of charge, but we live in DC, away from her social networks.  I cannot see her moving from NYC.

Thoughts?  Advice?[/quote]

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