Reply to James Van der beek died! 48 yo :(

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I just wish that people would connect the dots that [b]medical bankruptcy[/b] is a real thing and happens to lots of Americans every day.  I am too jaded to think this will open a broader conversation about national health insurance or safety nets.  Or that that the people who donate to James Van der Beek would also open their hearts to an unnamed destitute family in their own communities.  [/quote]

Except he had a multimillion dollar home in LA which he redesigned a few years ago (so he had money for that) and I think he rents out for $12,000/month and he has this property in TX.

If you'd said he is house poor, I'd get it. If you're saying he suffered from a medical bankruptcy, then I don't think you understand what bankrupt means.[/quote]

When did he redesign it? You don’t know if he paid for the renovations with cash or a HELOC. That rental income might be their only source of income. Who knows what the mortgage is, property taxes and maintenance cost. He set his family up with one known source of passive income.

If you don’t think their situation warrants a donation or it’s not within your means to do so, don’t give. I didn’t donate but I don’t have a problem with them asking. I am of the mindset that they [b]wouldn’t have asked if it wasn’t necessary[/b]. His wife is facing the reality of raising six kids alone. They have publicly stated that they used most of their money to pay for James care. I believe them.

Maybe she will ultimately downsize. Maybe she’s trying to get through this awful loss before she focuses on uprooting her kids. Also, it’s a big house in terms of square footage, but it’s five beds and three baths. That’s not exactly an unreasonable amount of space for six kids. As it is all the kids probably share a bathroom which sounds uncomfortable.[/quote]

The home was resigned around 2020, well after he knew he got no residuals. Who redesigns a home when you are without regular income coming in? When you don’t har enough saved for the future?

If the $12k rental income is the only income coming in, you’re stupid to go and lease an expansive place. One that is 5200 sq feet for the main house alone, on 36 acres, guest cabins and a pool for $5 million - yeah, that’s unreasonable.

The bolded is so crazy…we have no idea what the downpayment was that he put on the property, no idea how much debt remains on it, but a 36 acre property is not a necessity by any stretch of the imagination and a property of that size is an unreasonable expectation…if you’re asking other to fund these decisions.[/quote]

I agree that the ranch is large and probably not practical. They must not want to immediately uproot the kids and I’m sure it’s devastating for them to have to leave the last place they lived with their father, in the life they felt suited them. In any event, we don’t know the specifics. All we know is that a good person and father of six died and his family is not in a great financial situation. Help or don’t.  [/quote]

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