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Eldercare
Reply to "Would you buy/share a retirement condo with friends?"
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[quote=Anonymous]Really really bad idea. You never know as you age if you will have a catastrophic accident or develop Alzheimers and then you need the cash for your care. If it is tied up in a property that is co-owned with others it isn't easy to get your money out. My mother did this with her sister and now they can't sell the vacation condo. My mother now has dementia and her sister doesn't want to sell the place. My aunt goes there frequently with her daughter and grandchildren. So now we are stuck and are going to need the cash to pay for continued memory care. [/quote]
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