Anonymous
11/24/2018 09:40
Subject: Is this possible without family money?
Anonymous wrote:Anonymous wrote:Anonymous wrote:Why do you care?
OP here. We are same age, roughly same income and I don’t get the math without them being very very house poor.
Welcome to true wealthy disparity -- where tax-sheltered inherited multi-generation wealth lets credential and professional peers totally ZOOM past you. At the low end I had sorority sisters inherit $250,000 from each late grandparent. It's NOTHING for a late 30-something to inherit a couple million cash. Demoralizing, ain't it?
DP, but I totally get this. It blows. The worst part is when they are snobby about it, disregarding they could never afford to live where they do without all that family help.
Anonymous
11/24/2018 08:18
Subject: Is this possible without family money?
Why are you so concerned with this? Why not show a little gratitude and appreciation for what you have instead of comparing situations and robbing yourself of joy?
But if you need to feel superior, here ya go. I live in a $600k home we paid $375k when we purchased. I have nearly 18yrs of experience in my career field, and my husband has 16yrs in his. We are very proficient in our respective fields, but we only earn $170k together. My children go to public schools and will attend a public university.
Yet somehow I still feel very fortunate for our life. Even if there are others living in more expensive homes, have higher salaries, or own nicer things. We are healthy, still married, and our children are healthy. We have enough, and the last thing I concern myself with is a comparison to a situation that is none of my business.
Of all you mentioned, I would be most concerned about a housekeeper. I have a housekeeper that comes biweekly. She is a lifesaver and well worth every penny we pay her.
Good luck to you!
But if you need to feel superior, here ya go. I live in a $600k home we paid $375k when we purchased. I have nearly 18yrs of experience in my career field, and my husband has 16yrs in his. We are very proficient in our respective fields, but we only earn $170k together. My children go to public schools and will attend a public university.
Yet somehow I still feel very fortunate for our life. Even if there are others living in more expensive homes, have higher salaries, or own nicer things. We are healthy, still married, and our children are healthy. We have enough, and the last thing I concern myself with is a comparison to a situation that is none of my business.
Of all you mentioned, I would be most concerned about a housekeeper. I have a housekeeper that comes biweekly. She is a lifesaver and well worth every penny we pay her.
Good luck to you!
Anonymous
11/12/2018 20:44
Subject: Re:Is this possible without family money?
It would be really foolish for them to do this without family $$$.
Anonymous
11/04/2018 08:55
Subject: Is this possible without family money?
Anonymous wrote:Sure they could have. Maybe they bought Apple stock 10 yrs ago or similar. Owned homes that appreciated a lot, etc. Yes, it's possible. Some people are just good with money and investing.
Lol. Anything is possible.
What is most likely? Most likely they inherited money, parents covered downpayment, and/or grandparents have college trusts for the grandkids. If the lawyer had grandparents or parents pay cash for his JD, that alone put them ~ $250,000 (JD + student loan interest) ahead of most attorney peers.
Anonymous
11/04/2018 08:48
Subject: Is this possible without family money?
Anonymous wrote:Anonymous wrote:Why do you care?
OP here. We are same age, roughly same income and I don’t get the math without them being very very house poor.
Welcome to true wealthy disparity -- where tax-sheltered inherited multi-generation wealth lets credential and professional peers totally ZOOM past you. At the low end I had sorority sisters inherit $250,000 from each late grandparent. It's NOTHING for a late 30-something to inherit a couple million cash. Demoralizing, ain't it?
Anonymous
11/01/2018 22:58
Subject: Is this possible without family money?
There are a million and one ways it is possible. I had a $800 k house and an almost 2 mil beach house early 30s.