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Money and Finances
Reply to "How can you tell if someone used to have money, but no longer does?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Renting out rooms and the basement in their $3m custom in a posh neighborhood - just to keep up with RE taxes and bare minimum home maintenance. I personally know a few of the like in the area. [/quote] This is called house hacking and [b]it's a great way to build wealth[/b]. A little unusual in a $3M house but I'm still going with no, this is not a sign of the downwardly mobile.[/quote] :roll: :roll: Truly wealthy people aren’t “house hacking.” If someone is, it’s because they have to rebuild wealth they lost. There is nothing wealthy about strangers living in your house lol.[/quote] I think the PP was saying that it could be a sign of someone who was never wealthy but is using house hacking to build their wealth the first time. [/quote]
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