Jointly owning a property with a sibling can be a great way to make money when you rent it out.
What would you do if your sister had you buy her out of the property because she needed money, but now years later is upset that you won’t sell her half back at the old price?
That is what the property owner in this story is dealing with and he is refusing to give in as it is not fair.
Check it out.
I (32f) and sister (35f) inherited this apartment from our grandmother.
We owned it 50/50.
Sounds like a great inheritance.
It wasn’t in a very nice part of town, a bit run down.
When I was 28, my sister ran into a bit of financial trouble.
That is very nice of him.
I helped her as much as I could, but it just wasn’t feasible for me to keep giving her cash in the long term.
Her credit was shot, so she couldn’t get a loan either.
I ended up buying out her share of the apartment, at market rate.
I got the apartment, and her financial troubles were eased.
In the past 4 years, that neighborhood has gone through a lot of changes.
Increased government funding, better schools etc has made crime go down and driven property prices up.
Property values almost always go up over time, so this was expected.
So, the value of the apartment has risen substantially, compared to when I bought her out.
This has created a lot of conflict in our relationship.
She wants me to either:
a) pay her the difference between what I paid her for the apartment back then and its value now, or
b) let her buy back 50%, but at the price I bought her out 4 years ago or
c) pay her half of the rent I get from tenants.
None of these are reasonable at all.
I refused.
I don’t want to go through that again.
We’ve been bickering back and forth over it, and it’s honestly very exhausting.
AITA?
If he pays her the difference in value now, what will he do in 10 years when the value goes up again?
They made a deal and that is that.
Let’s see what the people in the comments have to say.
This person is right, she gave up all claim to the apartment.
Here is someone who says the sister is being unreasonable.
This person says the sister should be grateful.
She had to have known it would go up in value.
Exactly.
This sister doesn’t know how selling property works.
Sometimes it’s best not to give family special treatment at all.
If you thought that was an interesting story, check this one out about a man who created a points system for his inheritance, and a family friend ends up getting almost all of it.
