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.
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.
I know it might sound like a stretch, but there are possibilities/situations where the third solution you opted for becomes oppressive. As there is no way for the person to move out of that house in a capitalist society, they end up working there as bonded labour. I’m sure there are ways out of it through some sort of communitarian model which guarantees equality
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.