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Reply to "SO: Thoughts on sister and her DH buying a house with my mother?"
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[quote=Anonymous]Multigenerational is nice when it works, but I think it is best when the child owns the house and the parent either pays rent to the child or lives there for free. When the parent owns the house and the child moves in, then the house can be forced to be sold when the parent dies by other siblings who now have inherited 1/x of the house. I have seen this happen in areas where housing costs have gone sky high and the sibling who was living in the house and taking care of the house and the parent, and paying property taxes, utilities, etc, cannot afford to buy out the siblings because although they moved in when the house cost 200k, it is now worth 1.5 million. It is better for all involved if the house is owned by the child and the parent pays rent toward them of whatever amount that is agreed. Then if the parent needs more care (and my own father is in this situation) the money is there to pay for that. [/quote]
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