Reply to Brown eliminates tuition for families up to $125K and removes home equity in the FA equation

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Home equity should be included over $400-500k.   If a family has a million dollar house it should be included.  [/quote]

i assume you are white and wealthy/umc professional. A significant amount of people inherit homes form their parents and keep them, live in them and these properties have appreciated insanely, ,my mother's house that i inherited this summer appreciated almost a million from when she bought it in the 70s, i could very well have moved in but its in the suburbs and i don't like that area of potomac.  our next door neighbors have inherited their parents house which has also appreciated quite bit and they are moving in b/c  its a great property with a lot of close by amenities, they wouldn't be able to afford that home on their own.  Forcing black homeowners to sell their inherited property in DC to white owners by punishing them for owning something valuable that they inherited is ALL kinds of screwed up.  Its amusing to me how suddenly there is a move towards discounting any sorts of minor wealth accumulation when BIPOC have finally begun accruing some wealth.  [/quote]

I am UMC and white and I know no one who is UMC and white who live or keep the houses inherited from their parents. In the first place, many of us have parents who weren't UMC.

It seems much more common among poorer people to keep a family house inherited from a family member and it does help that those houses are often inexpensive housing (smaller towns for example) so there's not too much gained in selling them especially if there's a family member needing a home.

You're resorting to straw man arguments to add nothing of any value to this thread. [/quote]

This is la la land for UMC.  Real MC and real UMC aren't buying million dollar houses and if they are they are way over spending which is why they cannot save and then they should take out loans vs. financial aid as they made the life style choice that college isn't a priority.

UMC don't like in million dollar houses.  MC don't live in even $500K houses.[/quote]

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