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Joined 4 years ago
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Cake day: March 24th, 2022

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  • I’ve heard of arrangements like this in my country. They have a legal framework however. And usually they allow the home-dweller to pay an extra fee on top (like regular rent), which goes towards buying the house at a pre-agreed price. So at the end, they end up buying the house but paying for it in doses.

    I can see how it could be abused by either party though. The home-owner could take advantage of the home-dweller, and the home-dweller could avoid paying the full fees agreed, ending up screwing the home-owner who is liable for things like property tax and minimum maintenance laws. It definitely would take effort and trust to make it work.

    Having a contract drawn up for this sort of thing would be ideal, but that depends on the legal framework where OP’s inherited house would be.


  • If you want to find a compromise between your morality and having to live under capitalism, then there’s 3 possible avenues, from easiest to most effort:

    a) Keep it. As long as you aren’t landlording it’s fine. You might need it in the future for yourself or your children. You live under capitalism, you need to survive according to capitalism’s rules.

    b) Sell it at a low price to someone/a family that needs it as a first home

    c) Rent it to someone, but without renting it. Basically, let them stay there as long as they take care of the utility bills, taxes, maintenance, etc. You could even arrange something a bit more formal with a local charity organization that helps people in need.