The Moneyist: ‘We can only afford a fraction of a second home’: I want to pool money with my wife’s siblings to buy a home close to our in-laws. How do I delicately broach the subject?

by | Jan 6, 2023 | Stock Market

Dear Quentin, I’m fortunate enough to have married into a large family. Most of my wife’s siblings are married, and we have one adorable nephew. We really enjoy spending weekends and holidays together as a family. However, as my siblings-in-law settle down, it’s looking increasingly likely that none of us is going to live closer than an hour or so away from my in-laws.  

There’s not enough room in my in-laws’ house for more than three of their children, plus spouses, to stay over. We can do a bit better than that if some of us stay with neighbors, but there’s a limit to how often we can ask — especially on holidays when they likely want to host people themselves. And it doesn’t feel as homey and comfortable as staying with family. My wife and I can’t afford a second home in my in-laws’ neighborhood, and that is unlikely to change in the next few years. We can only affo …

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