LOL yall some haters for real.
White Millennials are about to start inheriting a lot of money…
- Thread starter SnugglesDaBear
- Start date
CreepyMcCreeperson
Veteran
My first round of renovations came from the RCA program. Some cities have funds for major home renovations, as long as you keep the house for a certain amount of time. It’s only for major structural renovations, and I was making much less than I do now, but funding is out there. It’s not widely known about.
I have to say, when I’m at white events, they talk about business and finances much more than we do.
feelosofer
#ninergang
This is why I said in another we need to focus on owning our homes and being debt free.
WHAT IS "A LOT OF BLACKS"? "lol"
the coli is an alternate universe
We talking about a very small percentage of blacks
My moms bought her home brand new for 150k back in 1994 it’s now worth $900k… I’m about to eat and I ain’t a millennial
These fukking idiots in my family took out a loan after my grandmother died and couldn't pay it back and had to sell the house My grandparents bought this house 10-15 years after they migrated to Cali and they owned a large piece of land around it where my grandmother basically had a little farm of plants, chicken, etc.
Took that money out just to get their drug fix and go on vacations... SMH... [My aunt who lived right next door had a house and property on the other half of this field and fukked it off doing the same thing BTW, but she's a junky... They basically had a whole block they owned and fukked it off to white people... everytime I visit my dad in the central valley, I drive by there to see what these cacs did to that property,... My grandmothers house basically has a damn wooden fortress built around it.
That's not even the worst of it, the property that they inherited in the south somewhere in Mississippi...i, they got duped out of that and got peanuts for it by some big corporation.
so many inherited homes in the black areas down here that are getting gentrified were lost behind a crack habit. Smh
If your parents have houses, it's best if they transfer it to you or a trust. If they ever get in a situation where they need to go to a nursing home or heavy medical expense, they can take the house away.
Man I wish I could agree but fuk that sh. I’ve seen aunts/mothers burn thru whole inheritances then be like“can’t take it with u”
Families split up over this bc if a person speaks up they just hit u with “all u care about is money”
Had a great-uncle who won a million dollars in a Powerball...family members gambled it all away and lost his home after he passed....
I stand to inherit nothing, family was too dysfunctional to manage finances and sold my Gpop's properties all over Philly for quick cash and didn't even try to rehab them....they would probably be millionaires if they held on to them a little longer....
Smh...
J Money
No weapon formed against me shall prosper
Damn uts good to see some brehs will have an inheritance. My parents don't have anything to pass down, in fact I probably gonna have to find a way to help pay off my moms mortgage which has like 200k to pay off. Don't know anyone that will have an inheritance either from what I know.
There's still gonna be opportunities coming though. I want to invest in retirement homes/villages for example.
There's still gonna be opportunities coming though. I want to invest in retirement homes/villages for example.
Where them mfers at dumping on "boomers" saying they fcked up the country? Then I asked them that since every human is a descendant of a boomer, they should be talking about passing down the wealth after they die. It got silent.
The same CACs thats putting batteries in these nikkas backs telling them to quit jobs will be nowhere to be found once they get that inheritance. And to add insult to injury, the millennial CACs gonna introduce automation to the same jobs they convinced people to quit.
Sit down and talk with an estate planner on the route that fits your situation.
Yep great points. Its much easier if the parents had an asset either a home or pension or savings or retirement fund to help. Yes you hate if they have to sell their home for long term care. But if they were really hands on with finance in their younger years their kids should have been placed in a far better position than if they were bad with finances.
I still say the foreigners got the right idea they will try their best to own a extra home or have a big enough home where they can just take the parent in and the parents money they saved will be used to subsidize a nurse coming in for a few hours a day.
I myself don't even think its the home that needs to be worried about. Many of the homes that is handed down to kids they need so much work that the kids say forget about it. Or the homes is in so much debth because the parents kept borrowing on it to either send the kids to school or to bail out the dumb ass kids for shyt. Its really about the money or assets with no debt that the parents can pass on to their kids.
shyt my Aunt passed last month and left her kids and grand kids well over 350K in Bonds, IRA accounts, Pension, savings and checking account.
She never owned a home or a car but was extremely smart and frugal with her money. Sadly it ain't about what you leave the kids and grandkids.....its if them knuckleheads got enough common sense to save the money and put it to good use. Sadly most don't....an example is my Aunt's grand kids already started buying new luxury cars and clothes with the money they got from my Aunt's death...
This is another issue; mfs wanting quick money. My brother did the same with my dad's property...sold that hoe for the cheap when at the time he could have gotten 3-4 times as much even after the sibling split. Ignorance really sets us back.
My whole father side are some duds for real. My aunts and uncles lost my grandfather's property through general negligence and refinancing. 3 adults working, living in a paid for home, refinance and decide they don't want to pay it NOR they yearly taxes due on a home. You're talking probably $20k in housing costs a year, 3 full-time, state government jobs and nothing. Still pisses me off.
JuvenileHell
Veteran
They'll inherit their racism as well