Anonymous wrote:Inherit the land. That's how everyone I know who has a "family compound" does it.
I know one family in the middle of Cape Cod with something like 40+ acres. All the siblings and their kids live full-time on the property in something like 8 houses. It's not beach front, but that property is worth $$$$$$$$$.
Yes, for the families I have known that is how it works. At some point, someone had enough money to buy lots of land, then the kids built their houses on the property. I suppose you do need to make sure the land can be subdivided. then their are the issues of divorce or a couple moving & selling their house to someone not in the family. You'd need a real estate lawyer to figure out that, maybe a trust owns the land?