4 ms·
I think we're getting some terms crossed. In my two-family home I will own the entire building. I will live in one unit and will rent the other unit to another
by dionidium 6y ago
I think we're getting some terms crossed. In my two-family home I will own the entire building. I will live in one unit and will rent the other unit to another family. So I (read: my wife) decide what color the building is. (This kind of owner-occupied arrangement is historically very common in my neck of the woods.)
- notJim 6y agoSo that's not an arrangement where both occupants get to control the building then. It's a situation where you get to control it, and if your tenant doesn't like it they can pound sand. It obviously does not address the scenario your parent is describing.
- dionidium 6y agoI would argue that (in the U.S. at least) there is an obvious and well-understood distinction between, "owning a multi-family home" (as the OP phrased it) and, "owning a unit in a multi-family home." The former is widely understood to mean ownership of the entire building (in every city I've lived in where two-, three-, and four-flats are common). These kinds of buildings are not priced much higher (if at all) than single-family homes and owner-occupied arrangements (meaning the owner of the entire building occupies one unit in the building) are extremely common.