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Family Relationships
Reply to "Two siblings forced the sale of our inherited beach house and I can't get over it"
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[quote=Anonymous]OP, I wouldn't buy a vacation house with my siblings. It's a great way to poison family relationships. It's not actually an investment: everyone has to keep putting money into it but the only return is a possible appreciation in value which is only realised when it is eventually sold. Somebody always wants to use it a lot more than others. Someone always gets stuck with organising the maintenance and other admin or end up doing it themselves. The ones who use it a lot want everyone to keep putting money into repairs and improvements even though they are not using it as much. Some siblings have spouses and families who might want to do other sorts of vacations. So they end up spending money on a house they use little plus on their own vacations. [/quote]
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