White Millennials are about to start inheriting a lot of money…

[beenz]

when I got divorced, I ended up with the house as I simply paid out my ex-wife's equity in cash, so now I have the crib.

meanwhile she's renting a crib paying more than double my mortgage while having student loans. she's setting up to have nothing to pass down to our daughters, meanwhile my house is set to be paid off in 18 years or less, and has appreciated 50-100K in the past few years. the game is chess, not checkers.

 

[Bunchy Carter]

i remember watching house hunters years ago and a breh was on there buying a house in Compton for $500k.
Thought that was a crazy amount of money for an area I always heard was "hood", shyt turned out to be a bargain in the long run

Yeah Compton is hood but Compton has a lot of nice homes and nice areas, there was and is an heavy influx of Mexicans that moved in and they ran down the homes. They get a house and throw up a dirty chicken coop and have cars parked on the lawn and fukking up the grass.

They still have homes going for 500k that need a little updating, but they are decent.

 

[tuckgod]

I tried to tell them that in their thread last week where they said they would turn down professional women over 30 for marriage due to the women being 'too old' over 30.

They make no sense. More brehs need to start prioritising proper adult women with careers and jobs instead of joining this Kevin Samuels tip to date 24-year-olds.

We need strong duel incomes and families.

Facts

 

[Mr. Glass]

Back in 2018 there were a lot of older Black people who sold their homes in LA and Inglewood for 500k, because White people showed up with cash in hand and now 4 years later those same homes are worth 1.2 million and are going up in value.

The sad thing is that I know of older Black people who sold their homes to White people and not to the Black people, the shyt was crazy. These old c00n nikkas are the worst.

Big facts.

I’m in escrow right now for a house in Inglewood for around a mill. It was a foreclosure after the older black woman who owned it died and left her kids with the reverse mortgage.

Luckily, I’m black, but I know whites are scooping houses all over the neighborhood.

 

[Black Magisterialness]

…from their parent’s homes.

The transfer of wealth to our white millennial counterparts is on the horizon as their parents fade into retirement/grave...right as real estate booms. White lady at my job who can barely put together a coherent sentence in an email just inherited her mother's home. It was worth 400k 5 years ago, she just got it appraised at 800k. I swear this is the silent killer of our people.

But let The Coli tell it GMB and having a stable base to pass to your seeds is sucker shyt. Homeownership is the FASTEST way out of the working poor class. The one thing we can't make more of is LAND.

My family black baby boomers and they own they homes

I got 2 houses coming

I got potentially 2-4. My pops and stepmoms got into investment/rental properties in the 2000's. I think my brother will get two of them. Which is fair, he's helped my dad the most with it. And the big house to my sister. I just need one of em, considering I already have my mom's crib when she eventually passes. It's morbid to think about but it's nessecary.

My mother's crib is 100% paid off

 

[Black Magisterialness]

The one key element that explains why black folks are in the position they’re in now and have always been in. You ain’t gaining wealth with a bunch of ratchet single mothers and dusty, irresponsible negroes as your main contingent. Even blue collar brothers and sisters that work together as a family will have something for their kids to inherit…

my girl going through the same thing with her family. Her pops wasn't around by thankfully she hustled into a really good gig and now we just bought last year. Her sister just bought a couple years ago, right before COVID. But the sad thing, is their mom been a lifetime renter. So she's gonna go and basically have nothing to pass to her daughters.

Its a big pain point for my girl. She's great with money only because she saw her mom basically do nothing with it besides live.

 

[Youhadasparkwhenustarted]

Thread is another reminder I gotta keep trying to get shyt out the mud. No inherentance coming my way or my cousins way. All that drug money that flowed and nothing. I need a fukking easy button I'm tired

 

[rightfultoefinger]

I’ll be inheriting a little bit on my side. House worth 1 million+ but will need to be split 5 ways and savings. From in laws, we’ll be inheriting a house in Queens that’s worth almost a million. Her sister wants the house Upstate. But to be honest, if we didn’t inherit anything, we’d be fine. Our house that we bought in 11 for 650k is right about 2 million+ now thanks to the pandemic. My kids will be the ones inheriting a boatload.

 

[Htrb-nvr-blk-&-ug-as-evr]

my girl going through the same thing with her family. Her pops wasn't around by thankfully she hustled into a really good gig and now we just bought last year. Her sister just bought a couple years ago, right before COVID. But the sad thing, is their mom been a lifetime renter. So she's gonna go and basically have nothing to pass to her daughters.

Its a big pain point for my girl. She's great with money only because she saw her mom basically do nothing with it besides live.

She’s definitely a bright spot from a bad situation…props to her

 

[Godless Socialist CEO]

Im going to be inheriting a pretty nice home so I’m not complaining

 

[NinoBrown]

Well for this you better hope you have money if you expect to do it alone. We did this for my grandmother who had her house paid off and we had to take the money out of her house to pay a nurse to take care of her in her own home. The shyt ain't cheap.

BTW i'm not saying to be in a relationship to be in a relationship. No one out there is going to be perfect your will never get 100 percent out of what you want in a person. As long as you find someone that is willing to work with you then your golden.

Assisted living facilities and nursing homes can also seize homes/assets if there is a sizeable unpaid balance at the time of the Elder's death.

 

[the bossman]

No one is saying being with a person that is jobless. If both people make 40,000 a year. Your up 80,000 in your household. Even if your making 60,000 and your man is making 40,000 that's still 100,000 between yall.

Look how many different ways brehs have attempted to explain this simple ass concept, but she still refuses to acknowledge the marriage union has statistically led to more stability and wealth generation for the family unit.

Leave these single moms from broken homes be breh. They're too hurt and stubborn to reason with

 

[mrfortune]

white people accessing wealth, wow how rare lol

 

[Wink Beaufield]

Some of my family members sold their spots in DC, but they took that money and bought 60 acres down south to build out their homes. This will be my plan later on down the line. I'll keep my house in DC but rent it out.

My grandmother on my pops side died recently and there is about to be a shyt storm on what to do with her house.

 

[SNG]

Look how many different ways brehs have attempted to explain this simple ass concept, but she still refuses to acknowledge the marriage union has statistically led to more stability and wealth generation for the family unit.

Leave these single moms from broken homes be breh. They're too hurt and stubborn to reason with

Like I said they can't see they vision if they ain't seen the vision. Both my Dad and his sister are married and both have there house paid off. My dad has another sister who is alot younger is a single mom has two kids that she put through college. I salute her because she worked her ass off doing it. But she had a fulltime job she worked part-time at mcdonalds and was an uber eats driver in her spare time. She wouldn't have to do all that if she was married with a partner.