Anonymous wrote:

Anonymous wrote:I agree with other pps that it was better to sell it. Multiple owners are a recipe for family strife.

There was zero drama with my dad and uncle. It was just short-sighted siblings. For the record, siblings NOW admit it was regretful. They've blown the cash we got for the property on airbnbs with their family in the same area the last five or six years. And for those saying get over it, I guess you don't have traditions in your family. I guess you don't know what it's like for your dad to lose his favorite place the last year of his life. It's hard to get over losing all of that and not to mention when you see it appreciate to a degree that it is permanently out of reach. It also splintered the family. We never get together like we used to. When we grew up with a big beach house full of cousins.

Anonymous wrote:OP, I feel your pain. in my family, after my grandfather passed 20 years ago, my grandmother sold a very valuable ocean view lot for a pittance. She didn't need the money one bit. She kept other less valuable properties. It was one of those situations where one should not make decisions when one is grieving. She was sad about the house that my grandfather wanted to build so she just sold it. Many in the family would have bought it, she didn't even give anyone a chance.

That lot today, in a very, very desirable beach area that is protected from climate change and whatnot due to the location. It remained undeveloped for decades. When it was finally sold, it went for $1.5m. As an undeveloped lot. To this day it still kills me. I've not gotten over it after 20 years. It doesn't help that the location remains my favorite vacation destination.

It was estate planning as both my father and uncle had rapidly declining health and uncle was spending more time in a diff state. It all happened pretty quickly. The uncle’s offer was discounted to keep it in the family. My two siblings simply wanted the cash and figured they could just rent moving forward. Renting quickly burns through the cash they received.

Anonymous wrote:Get over it. Everyone’s priorities and financial picture are different. If you wanted it so bad, you should have bought it outright, yourself.

Anonymous wrote:Property was co-owned by our father and uncle. No messy drama. During estate at the end of our dad's life, we were offered the opportunity buy out our uncle for a very fair sum we could all afford. My husband and I wanted to, but my two siblings and their spouses said no. Not only did I know the property would never depreciate, I thought it was important to let our dad stay there with his limited time and also keep the family tradition going. Siblings didn't care, they wanted the cash, so the property was sold.

Now six years later the property is worth three times what it was. We would have millions in equity between the three of us if they listened. In addition, the family tradition was lost. I think it broke my dad's heart before he died that he couldn't spend his remaining months there and know it was staying in the family. It infuriates me so much, especially during a holiday week like this. And siblings have a tenancy to complain how expensive a beach house rental is for their family in the same area.

Anonymous wrote:I still don't understand who forced the sale of the house close to the end of OP's dad's life. Why does uncle want to sell his share then and not after his brother's death?

Make it make sense.

Anonymous wrote:

Anonymous wrote:Then you should have given them their share in cash. This is your fault, not theirs. I assume you couldn’t afford to buy them out?

+1. It’s not your call, op.

Anonymous wrote:Get over it. Everyone’s priorities and financial picture are different. If you wanted it so bad, you should have bought it outright, yourself.