https://www.theguardian.com/money/2024/feb/28/millennials-richest-generation-wealth-property

  • LaughingLion [any, any]
    ·
    7 months ago

    my fam is like this. my father will be passing in the next 10 years. currently, my step-sis and her husband and their 4 kids live in that house. my dad has a wild retirement from like 4 sources and the house is paid off. step-sis and husband dont really work and literally never have. they have next to no earning potential despite both of them being around 50. hes leaving them the house and im not bitter about that, i mean, if not theyd straight up be homeless along with my step neices and nephews (who are all going to college and shit, my pops is paying for it). when he dies and they get the house it gets re-assessed for property taxes. not at the 1980s tax rates he pays now. at the 202X tax rates or whenever that is. they full on wont be able to keep up with that or home insurance. and home maintenance. i dont know how long they can persist in that house. i just know it wont be forever.