AITA for not just giving up my share of the summer house?
So, unfortunately, I own 1/6 of a summer house that belonged to my grandparents. My cousin is the loudest among us and has made it clear that she wants it. But unfortunately, she doesn’t have the money to buy us out.
She is a very annoying person, and it has become clear that co-owning the summer house won’t work.
So, my cousin uses every manipulation tactic she has. She says it was the greatest gift from our grandparents to us, that we are monsters for wanting to sell it, and that if she had it, it would stay “in the family.” Apparently, I’m the worst of all—just thinking about money and not the history of the place. Etc. Etc.
I would also like to keep the summer house, and I’ve told everyone this. But I have the same problem— I can’t afford to buy everyone else out. However, most of the others want the money, and I’d like my share too, so that in the future, my husband and I might be able to buy a smaller summer cottage.
I know I’m not an asshole just for wanting to keep my share. But I’m curious—would anyone truly just give €15,000 to their cousin?
Isn’t it insane for her to think we would all just happily give her €15,000 each? The 15t€ is estimate. My mom thinks it’s double while my cousin thinks it’s only 5000€. My research shows it is around 15t€ considering the location, amount of land and the current shape of the summer house.
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AITA for not just giving up my share of the summer house?
So, unfortunately, I own 1/6 of a summer house that belonged to my grandparents. My cousin is the loudest among us and has made it clear that she wants it. But unfortunately, she doesn’t have the money to buy us out.
She is a very annoying person, and it has become clear that co-owning the summer house won’t work.
So, my cousin uses every manipulation tactic she has. She says it was the greatest gift from our grandparents to us, that we are monsters for wanting to sell it, and that if she had it, it would stay “in the family.” Apparently, I’m the worst of all—just thinking about money and not the history of the place. Etc. Etc.
I would also like to keep the summer house, and I’ve told everyone this. But I have the same problem— I can’t afford to buy everyone else out. However, most of the others want the money, and I’d like my share too, so that in the future, my husband and I might be able to buy a smaller summer cottage.
I know I’m not an asshole just for wanting to keep my share. But I’m curious—would anyone truly just give €15,000 to their cousin?
Isn’t it insane for her to think we would all just happily give her €15,000 each? The 15t€ is estimate. My mom thinks it’s double while my cousin thinks it’s only 5000€. My research shows it is around 15t€ considering the location, amount of land and the current shape of the summer house.
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> My cousin thinks I’m asshole for not just giving up my share of the summerhouse.
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Contest mode is 1.5 hours long on this post.
NTA, even 5k seems like a lot of money to just give up IMO.
She can’t buy it out with cash but cant she/you just take a loan? 90 k is a very low price for a house and almost anyone with a job would be approved. It is like 400-500 eur a month (ofc depending on specific rate, how long you’d take and how fast you pay the principal)
NTA, if your cousin is so keen for it to stay in the family, she’s welcome to give you her share for free rather than insisting on getting yours.
NTA. The inheritance here is an interest in the summer house, and that interest can either be to keep it or to sell it and use the money for your own purposes.
Do not trust your cousin’s estimates on valuation. unless that’s what she wants to accept for you to buy her out, then that’s ok!
I wouldn’t give anyone any money without an INDEPENDENT valuation – in this situation I wouldn’t trust the annoying sister in the slightest.
NTA BTW
You’re NTA. You and the other owners need to set a deadline for her to get financing in place to buy the house outright at it’s current appraised value (with the appraisal fee being split evenly) or the house goes on the market. She’ll keep stringing you all along forever if you let her.
NTA
> co-owning the summer house won’t work
Sure it can. Just none of you use it for now.
Hire a management company to rent it out. Pay the taxes and collect the passive income, divided among you.
So this is only valued at 90K? Shouldn’t take long for one of you to put together the resources to buy the others out.
NTA. Your cousin’s trying it, proper guilt-tripping you lot like she’s entitled to a freebie. If she ain’t got the dosh to buy you all out, that’s her problem, not yours. You’re well within your rights to want your fair share, no one’s just handing out 15 grand for the sake of “keeping it in the family.”
If she really cared that much, she’d find a way to pay up instead of moaning. Sounds like she just wants a free house and expects you lot to foot the bill. Absolute cheek.
NTA
She would sell it in a minute if the right price came along. I believe you can get lawyers involved and force sale. I guarantee nobody else is worrying about your cousin and her greed, because that’s what wanting a free house is, greedy.
If your cousin thinks it’s only worth 5k, tell her you’ll pay her 20% extra at 6k to keep it in the family. Suddenly you’ll find she thinks it’s worth €30k
NTA. Get with the owners, and come to a consensus to sell. Get an independent evaluation of the value, and then give your cousin who wants the place so badly the first option to buy. If you feel generous, make it at a 10-20% discount, adding 5% to the purchase price for every outburst.
She wants what she wants, and everybody else is the monster because they’re not giving it to her. Reason isn’t going to change anything, so stick to your guns. Your grandparents would’ve left it to her if that’s what they wanted to do, but obviously it wasn’t.