View Tax???

[MJM]

Originally Posted by secondcurve

Pineneedles:

I think you have an old fashion, run of the mill family problem. It is nothing to do about taxes in my opinion. If taxes were low, there would likely be other issues amongst the various generations. It is difficult to own property with relatives due to the differing agendas you note. Good Luck and when negotiating remember that you only have one family, despite how wrong they are on the cottage issues!

I agree it's an old fashioned issue, but the degree of the inherent challenges has changed dramatically, because the property value have increased so dramatically.

In the past, it was possible for the average family members to be able to handle the maintenance costs, taxes, etc., and could also often offset much of those costs by renting the place for periods of time if need be. Now, with the values so high, and therefore the taxes so high, keeping up with the costs is out of reach for many.

Don't get me wrong - people should feel very fortunate to have this "problem", but it is indeed sad when a family place has to be sold due to this type of situation.

And I couldn't agree more on the note that there could be other issues anyway.