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Family property gets complicated fast when one person takes on the bills while everyone else still expects an equal future payout.

One sibling offers to cover the condo entirely, but when the family questions the arrangement, would you keep the deal or rethink the split?

The disagreement centers on how much future appreciation should belong to the person actually carrying the mortgage, taxes, and upkeep.

Check out the full story.

AITA for taking over my parents’ condo and offering to give my siblings today’s value when I sell it?

My parents bought a condo in South Carolina years ago for about $100,000.

It’s worth at least three times that now, maybe more.

They’re older now and living in a retirement home, and keeping up the condo has become too much for them.

This man offered to take over his parents’ condo.

I stepped in and offered to take over the mortgage.

I offered to handle everything going forward. That includes mortgage payments, maintenance, property taxes, etc.

There’s about $29,000 left on the mortgage.

When he sells it, he’ll give his siblings a share.

At some point down the line, I might sell the condo. I want to keep things fair, so when I do, I’ll give my siblings their share of what the condo is worth today.

I’ll use the current market value.

That way they still get something out of it even though they’re not paying the mortgage or doing any upkeep.

The family thinks it’s unfair.

Now, my family’s acting like this is somehow unfair.

I don’t really get it.

I’m the one covering all the costs and making sure the place doesn’t fall apart, and I’m still giving them a chunk of what it’s worth now even though they won’t pay any bills going forward.

He thought he was doing the right thing.

My family suggested I buy it for a bit less than market value.

But I don’t have that money.

I just thought I was doing the responsible thing and keeping it in the family, but I was also making sure my siblings still benefit.

AITA?

Is he doing the right thing, or are his siblings right?

Let’s read the reactions of other users on Reddit to this story.

Here’s a valid question.

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This person offers some honest advice.

This user shares a valid point.

People are calling him out.

If you enjoyed this story, check out this post about an uncle who is surprised to find his niece’s birthday party all about him after one unkind comment.

And lastly, people are siding with the siblings.

OP would assume every future expense while still promising siblings a share based on the condo’s current value.

The family wanted a different arrangement, but nobody else seemed eager to take on the remaining mortgage or ongoing costs.

Fairness gets complicated when everyone wants the equity but only one person wants the electric bill.

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Author

Chris Allen