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

DatNkkaCutty

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Grandfather (my moms dad) came over here from Kingston, Jamaica in the 40s (broke as a joke). Worked his way up, put that pain in. Started his own cleaning business. Eventually married (my grandmom, she's from DE), and bought built a home. Had four kids (3 boys, one daughter, my mom the 3rd oldest). My gpop, built his home, bought 4 more houses, and a boarding house, they eventually turned into a hotel. :aicmon:

Passed each one of those homes off to an uncle (who were all, gettin money, in their own right). One unc retired a higher-up (Mack Trucks). Other uncle, finished school (with a psychology degree, he eventually gets into some shyt disappears due to some shyt he got involved in), youngest uncle, was big-time in the streets (limos, trips, hoes, vacations, on his dime), til he eventually gave that life up, and had a successful run, self-employed. Stories for days, different women, fast lives (70s, 80s, early 90s), those 3.

My mom, college-educated, good family (but never money savvy, nor my dad). My pops, is a middle-school drop out, adopted, grew up in the streets, prison, etc (but he's a worker). Nonetheless, they're two different ends of the spectrum. Her and my pops buy their own home, pops gets into drugs (crack), loses our home (90s). Every last one of my relatives, fukks up the properties (somehow, someway), my gpop left them (hotel included, which 2 uncles, were into together). That turns into bickering, and in-fighting, til it's lost. My gpop, attempts to gift my parents a property, but they don't want the added responsibility. :whoa::snoop: (this is prior to them losing their own home).

Last property left in the fam, is my gpop house (their father). Hindsight, knowing they fukked up, uncles and mom, discuss doing right, by the grandkids, and leaving the last house to us. Eventually tho, they resettle on selling the house for a quick, cash-grab (mid 2000s). Not a dollar of equity left, after all my gpop accomplished (off the muscle), himself. Money blown, from when they sold his house, the last property, within the fam (paid-off). Us the youngins, fukked over.:sas1:

I was an older teen, but I could just remember him looking at my mom, and uncs, on some :snoop::mjpls:

Looking back, I didn't know what the MJ smiley meant then, but damned, if my gpop didn't have it, looking at my clown ass uncs, and mom, during his twilight years, on his way out. :francis:


This type of shyt, is what young black folks today, are up against, when it comes to their families, SMH. RIP my gpop....a gangster, when it came to gettin to a dollar.
 
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Formerly Black Trash

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Do not let your parents take reverse mortgages no matter how bad their money situation gets!
Are you going to give them money?

How you going to tell someone else what to do "no matter how bad they're money situation gets"?

Edit: not trying to be disrespectful but ppl do that shyt because they have no other choice
 
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Wepa Man

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Joe Clair breaks it down


@1:30.50


 

Barlow

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Hey if you’re parents took care of business then you should be on the come up too :manny:….i stand to inherit my parents house and my grandparents house…plus I won’t get into how much my own house is worth…my wife is also inheriting a 3 bd/2 bath in Crown Heights…it ain’t Jim Crow south anymore folks…take care of business, no more excuses
Jim Crow south is why wealth isn’t transferring you dumb ass immigrant

notice the people with inheritance in here are immigrants

talking about “baby boomers” with no connection to our history
 

xiceman191

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My parents are well off so I know when they pass I'll be good but I guarantee there will be fights over who gets what. We all got that one family member who ain't had shyt that think they deserve to come up cause somebody died. Smh
 

datnigDASTARDLY

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Me and my brother should inherit a couple homes with some land. I own one and strategizing on how we can keep my wife's peoples land in our name now too.

These white folk cutthroat out here and many of her fam got bought out for chump change years ago. It's amazing because they own generational land and homes, but now they want to come in and gentrify it since it right near the main downtown district.

I'm like, yall can't let this shyt happen or continue :mjtf:...but what do you do when all the kids moved out and never came back, and the people left behind struggle and need the money :yeshrug::francis:.
 
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