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[email protected] penmart01@aol.com is offline
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Default to John Kuthe

On Wed, 19 Jul 2017 03:17:39 -0700 (PDT), Cindy Hamilton
> wrote:

>On Tuesday, July 18, 2017 at 6:30:49 PM UTC-4, Sheldon wrote:
>> Taxed and Spent wrote:
>> >penmart01 wrote:
>> >> lucretiaborgia wrote:
>> >>>
>> >>> The only difference between John and you is that you inherited your
>> >>> house and he has to buy it - think about it!
>> >>
>> >> Nothing to think about... inheriting a house and buying a house with
>> >> inherited money are exactly the same.
>> >
>> >Except for the concept of CHOICE. Duh.

>>
>> Both the same... buying/selling real estate are equally convoluted.
>> One can always sell the inherited property and use the cash to buy one
>> of their liking, or buy nothing and place the money in the piggy bank
>> of choice. Inherited is Inherited, regardless how twisted they are
>> the same. Duh!
>>
>> Actually by inheriting cash John is in a much better position. I
>> would advise John to contemplate for at least two years before
>> spending his inheritance... spend time and energy looking at other
>> properties.
>> I would've also advised Jill to contemplate at least two years before
>> deciding to move into her inherited house, making sure she can
>> comfortably handle the finanacial aspects and if she truly needed to
>> support all that space plus attached expenses.... to me it seems like
>> way too much for a person on their own.
>>
>> Being faced with both scenerios I'd have purchased different
>> properties. A single who doeasn't play golf doesn't need the expense
>> of living in a huge house on a golf course... and a single doesn't
>> need the responsibility of being the landlord of a student's rooming
>> house. Both scenarios will eventually place both in the poor house.

>
>Wasn't Jill already living there, taking care of her parents? She must
>be comfortable living there, or she would have priced the house to sell.
>You can sell any property if you're willing to steeply discount the
>price.
>
>Cindy Hamilton


At that point Jill was visiting (in effect a guest), she was not the
owner. Once she owned it she could have sold it... perhaps at some
point she will. Life has a propensity for taking us on some strange
journeys, most of which we cannot predict.