Reply to Co-owning the second home

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[quote=Anonymous][quote=Anonymous]I have a setup like this with my brother and it works well because I am he handles everything and I am happy just writing checks without worrying about the hassles. He only consults on really big ticket items like a new roof.

It works when both parties are consultative, or one is in the lead and the other is happy to go along. It doesn’t work when one is in the lead and the other is quibbling about furniture costs etc.

Sell the house. This is not going to work.[/quote]

I would add it works when both have similar budgeting values. I could do this with my SIL as we have really similar be frugal but buy high quality at the lowest possible price mentality. I have another relative whom I could never do this with because she’d be redecorating on my dime constantly.

It is not quibbling to get a bill for a custom dining room redeco project that you didn’t agree to fund. I’d also advise DH to start looking back over the past five to seven years to see how many checks FIL was cutting to his uncle. Chances are good FIL was getting fleeced.[/quote]

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