3 ms·

On the other hand, right of first purchase seems fine: "I'm going to sell this to <X>, and if you want it you have to pay the same amount".

woleium 2y ago
Sure, just give me 3 weeks to raise the cash…. Actually i don't have the money. in the meantime the actual buyer leaves
- throw2938374 2y ago
  Nah, right of first purchase also has a time limit.
  - woleium 2y ago
    but what happens if i run out the limit? will the original buyer be there still?
chipsa 2y ago
I think it mostly goes “I’m going to sell, it goes up to market on day <X>, unless you meet my ask.”
moralestapia 2y ago
The problem with that is that, in practice, people barely have money to buy the house they live in and basically no one: 1) Has 500k just laying around ready buy a house out of the blue ... 2) ... that also happens to be an almost identical house next to yours. So, 99.9999% of times it goes into the market, and the other parties feel betrayed, but the seller wants (or needs!) to sell, and things get ugly, brothers stop being brothers, etc ... I wouldn't do it. I also don't like the idea of having friends/family right next to me. Same neighborhood is really really nice, but same lot? Nah!
- kelnos 2y ago
  > I also don't like the idea of having friends/family right next to me. Same neighborhood is really really nice, but same lot? Nah! There was a time in my 30s when I was a part of a very close-knit group of friends. We actually talked about the idea of building a friend compound, perhaps much later in life during our retirement years, and we were enthusiastic about it. These days (mid-40s now), I'm still friends with all those people, but I agree that I don't need them to be on the same lot with me. I would love it if we all lived in the same neighborhood, though. Fortunately we're almost all still in the same city, at least.
  - Suppafly 2y ago
    I think it'd be good to start with a friends compound but then as you age, purchase additional lots so once everyone had families it would essentially be a neighborhood of friends. I'm not sure how you'd actually do that in real life without doing a bunch of new builds on land you prepurchased for that purpose though.

woleium 2y ago

Sure, just give me 3 weeks to raise the cash…. Actually i don't have the money. in the meantime the actual buyer leaves

throw2938374 2y ago
Nah, right of first purchase also has a time limit.
- woleium 2y ago
  but what happens if i run out the limit? will the original buyer be there still?

chipsa 2y ago

I think it mostly goes “I’m going to sell, it goes up to market on day <X>, unless you meet my ask.”

moralestapia 2y ago

The problem with that is that, in practice, people barely have money to buy the house they live in and basically no one: 1) Has 500k just laying around ready buy a house out of the blue ... 2) ... that also happens to be an almost identical house next to yours. So, 99.9999% of times it goes into the market, and the other parties feel betrayed, but the seller wants (or needs!) to sell, and things get ugly, brothers stop being brothers, etc ... I wouldn't do it. I also don't like the idea of having friends/family right next to me. Same neighborhood is really really nice, but same lot? Nah!

kelnos 2y ago
> I also don't like the idea of having friends/family right next to me. Same neighborhood is really really nice, but same lot? Nah! There was a time in my 30s when I was a part of a very close-knit group of friends. We actually talked about the idea of building a friend compound, perhaps much later in life during our retirement years, and we were enthusiastic about it. These days (mid-40s now), I'm still friends with all those people, but I agree that I don't need them to be on the same lot with me. I would love it if we all lived in the same neighborhood, though. Fortunately we're almost all still in the same city, at least.
- Suppafly 2y ago
  I think it'd be good to start with a friends compound but then as you age, purchase additional lots so once everyone had families it would essentially be a neighborhood of friends. I'm not sure how you'd actually do that in real life without doing a bunch of new builds on land you prepurchased for that purpose though.