Reply to MIL thinks a third home is more important than DH... time to cut her off?

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Reply to "MIL thinks a third home is more important than DH... time to cut her off?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Not very good attempt at trolling.

Put some more effort into your next one. [/quote]

Agree. People don’t buy a $10m house with their last $. And usually money isn’t accounted for by kid. If she’s spending $10m on a house that’s coming out of overall assets so BIL gets less too. And unless this house has no market value it can be sold at death.

The additional post about being cut out is lame. Not at all what the the OP said which was that the inheritance is being spent. [/quote]

Exactly. If they're spending $10m on a third house it most likely means they have assets of at least $50 million (most likely much more). Rich people do not tie up that much of their overall wealth in real estate. Houses are fixed assets that cost money in taxes and upkeep. A $10m property is going to be generating huge tax bills and maintenance and upkeep annually while the house isn't the stock market and can be subject to depreciation and decline in value, especially at that end of the market which is highly variable (you think it's bad enough taking a $100k loss on a property when selling? Think about taking a $1.5 million loss). That's why you need to have a much larger net worth to own a $10m property (this is a big hint to anyone who wants to start a trolling post, think it through carefully and don't talk about something you clearly know nothing about). [/quote]

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