Reply to Decent place to live on disability $150k

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I'm a bit confused by the details given.

Where is the sibling now? Why does he or she need to move? It costs money to buy/sell.

Is the 150k the budget for a new condo? Therefore the current condo is valued at 190k, leaving you with 150k for the new condo after all expenses?

Are the parents still around and the sibling is living with the parent(s)?

If the disability income is only 750 a month how can you even begin to afford a condo HOA on that? After the HOA you are left with a few utilities, internet, and, of course, groceries.

If no parents and this is the only family member, keep in mind that you (OP) may want to be reasonably close by.

If sibling does not work due to cognitive limitations, perhaps look at group homes or special types of housing? 
[/quote]

Background:

Parents passed away decade ago. Sibling on mental disability so able bodied but unable to work.

When parents died bought existing condo in northern state - Zillow says worth $195k. Condo fee is low, $170/month so with food stamps and Medicare was sustainable.

I actually have no interest in having them close — their illness can cause significant disruption to everyone’s lives and having them at a distance insulates my own family and reduces chances of odd behavior, like coming over for a visit and refusing to leave (this has happened before).

Group home not an option. They would commit suicide rather than live with someone (multiple attempts over the years).

Would love a decent shape home for $150k without condo fee, but honestly a low condo fee $150k condo or similar works because unexpected expenses pop up in SFH too. Just with condos they are often shared.

They can’t set aside money for emergencies— that invalidates SSI. They will roll over all proceeds to a new house, and if it’s somehow cheaper, a newer car since theirs is 20 years old.

[/quote]

The one thing you have left out is why you need/want to move your brother or sister. Can't he or she stay in the condo in the northern state? If the budget is working, don't risk moving for the sake of warmer weather. [/quote]

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