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How to approach second house ownership? (lemmygrad.ml)

submitted 2 months ago by CurseAvoider@lemmygrad.ml to c/comradeship@lemmygrad.ml

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was reading a thread on twitter about this. i know it's a topic that comes up every so often on communist spaces too, how do we approach house ownership - i don't mean a house to live in, I mean owning a second home that they won't live in?

I might come into a second home through inheritance at some point (hoping my parents still live long though lol). getting through a first home is probably going to be a mess bc of how i live in it with my siblings and here you get a mortgage until you die, because it makes more sense for taxes. Usually when kids inherit a home, they sell it because they're already living somewhere else and the next owner inherits the mortgage + a new one. oh well it's still far off lol, we'll see when we get there.

but if you come into inheriting a second home... what is the best solution? sell it to someone who will rent it out instead of you?

i know usually these discussions revolve around no ethical consumption in capitalism but they never seem to reach a final answer.

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[–] MeetMeAtTheMovies@hexbear.net 0 points 2 months ago (1 children)

oh well it's still far off lol, we'll see when we get there

This is not something you want to wait to figure out until you’re actively grieving btw. I’m in my early 30’s and my wife and I are in the middle of saving for headstones/funeral and drawing up our wills because we just saw how bad it went when one of our grandparents passed. You don’t expect people to get petty over stupid shit and ruin relationships over a relatively negligible estate but people do.

[–] CurseAvoider@lemmygrad.ml 0 points 2 months ago

Oh for sure. My parents only retired last year so there's still some time (hopefully lol), but of course it puts the question of how to handle inheritance front and center when it happens. I'll have to talk to them about the house (the one we live in) eventually, see what they plan for it and where the mortgage situation is at.