Quote:
Originally Posted by John Mercier
Usually by the time parents die, the children already have homes.
I purchased not just my first, but my second before my grandparents died.
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Quote:
Originally Posted by Biggd
A million for each kid is a pretty good inheritance. That should get each child into a home, maybe not mortgage free but that takes years!
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$1MM is a great inheritance. But the point was that it is a lot less than it used to be because so much is eaten up by the need to pay for inflated real estate.
And John, that's cool that you bought two houses before your grandparents died, but if you look at real estate prices today compared to a normal income for a 30 y.o., I think you'll see that those days are gone