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Real Estate
Reply to "Inheriting house together with sibling...who wants to move in - WWYD?"
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[quote=Anonymous]Keep the emotions out of it and explain the dollars and cents to her (including the annual property taxes, utilities, gardening, maintenance costs, etc.). Adding in the cost of a $500,000 mortgage (assuming they could qualify), she may realize on her own that it is just not realistic. Also, explain that you could sell the home and she would have a great down payment for another home plus a nest egg. Finally, I would tell her that you can't walk away from your $1.5 million share (retirement, college for your kids, etc.). [/quote]
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