Let’s say you home is worth one million at death and you have 4 kids

One kid wants it. Well realtor fee is 6 percent so just let the one kid take it as is for $940k.

Kid already owns 25 percent of home so takes a mortgage for rest makes sense.

Yes!

The likelihood that OP is a white male is high and the likelihood that he was born on 3rd base, reverted to 1st and now blames failure on those around him, is even higher. My Lord.

Anonymous wrote:

Anonymous wrote:I’ve notice it’s mostly Asian and Indian families Whig do this. Not surprised. It works.

The white families are not doing multi-generational living. They're just living in their parents'/grandparents' homes.

This. I know several white people who are doing this. They live in their parents or grandparents houses, and the parents / grandparents have a condo elsewhere.

Anonymous wrote:

Anonymous wrote:I’ve notice it’s mostly Asian and Indian families Whig do this. Not surprised. It works.

The white families are not doing multi-generational living. They're just living in their parents'/grandparents' homes.

This

Anonymous wrote:How does this affect you? If those elderly people put their house on the market, it would be another $1m++ house that you couldn’t afford anyway.

+1

Yes, everyone comes from a different background in life. Life isn't always "fair". I went to what's now a 90K+ college. I was part of the 40% getting FA. I had to work my ass off to have enough money. My weekends were a choice of "I have enough for dinner out with friends or to go to a movie but I cannot do both". Meanwhile, 50% of the kids spent whatever they wanted as M&D funded it. They went to Cancun on Spring break and to Europe to ski over winter break. And spent their first few summers traveling wherever they wanted. Meanwhile I was working 60+ hour weeks. Such is life.

Some people inherit their family home. Others have parents gift them $200-300K for a downpayment. Others fully pay for college and graduate school. Some do all of that.

And some have to work for everything themselves.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I find nothing wrong with this, but fwiw we live in one of those neighborhoods also (moved in 11 years ago) and I’ve met zero families in the situation OP describes. And we are heavily involved in the community, kids in local public etc.

Ok but how do you know who actually owns their homes?

In DC and MD you can look up home ownership on government-run websites

DC: https://mytax.dc.gov/_/
MD (filter by county): https://sdat.dat.maryland.gov/RealProperty/Pages/default.aspx

I do not believe a similar site exists for Virginia properties.

This is so creepy. Who cares is people own their homes or rent or rent from family? MYODB! Do people really have nothing better to do?

This is also dangerous. I have an older relative who owns multiple homes outright and have had issues with people trying to trick her/ etc. I had to go online and get her info off her properties and they had to put two of them into a trust/ LLC.

Mind your business. Would you rather a developer buy the home tear it down and build some giant ugly box that drains/ grades water onto your property? No, you wouldn’t!

Yep… I commented earlier and even after this post stuck with me as irritating. It dawned on me this morning that there is no way the OP had those conversations.

Yet we all fell for it, giving OP, aka David Pecker of the Upper NW playgrounds, the attention he sought.

Anonymous wrote:None of this is rocket science and it is baffling that the OP got any traction on the original post that doesn't seem to be credible.

I doubt that in one year (kindergarten) at his kids upscale neighborhood school, he had TWELVE separate families confide the financial arrangements of their households. If you have been on a pick up line or on a playground, you know that does not happen, even for the most aggressively curious among us.

But, OP does presume that we will believe that folks have confessed these intimacies and then he goes on to OUT them by posting a “shocked” post on DCUM. All of this seems creepy.

Who knows why OP exaggerated facts to create a "SHOCKED" post leading to banal conclusions. But we all fell for a pretty low level of tabloid click bait ....

You sure wrote a lot for a thread that is supposedly much ado about nothing.

None of this is rocket science and it is baffling that the OP got any traction on the original post that doesn't seem to be credible.

I doubt that in one year (kindergarten) at his kids upscale neighborhood school, he had TWELVE separate families confide the financial arrangements of their households. If you have been on a pick up line or on a playground, you know that does not happen, even for the most aggressively curious among us.

But, OP does presume that we will believe that folks have confessed these intimacies and then he goes on to OUT them by posting a “shocked” post on DCUM. All of this seems creepy.

Who knows why OP exaggerated facts to create a "SHOCKED" post leading to banal conclusions. But we all fell for a pretty low level of tabloid click bait ....

Wow lots of comments this really struck a nerve. I moved here from another place where regular working people can’t buy houses in the best neighborhoods. I guess OP probably grew up somewhere with a lower COL

Anonymous wrote:I’ve notice it’s mostly Asian and Indian families Whig do this. Not surprised. It works.

The white families are not doing multi-generational living. They're just living in their parents'/grandparents' homes.

Anonymous wrote:

Anonymous wrote:I find nothing wrong with this, but fwiw we live in one of those neighborhoods also (moved in 11 years ago) and I’ve met zero families in the situation OP describes. And we are heavily involved in the community, kids in local public etc.

Ok but how do you know who actually owns their homes?

In DC and MD you can look up home ownership on government-run websites

DC: https://mytax.dc.gov/_/
MD (filter by county): https://sdat.dat.maryland.gov/RealProperty/Pages/default.aspx

I do not believe a similar site exists for Virginia properties.

I’ve notice it’s mostly Asian and Indian families Whig do this. Not surprised. It works.

I live in a nice neighborhood in upper NW and I actually don’t know anyone doing this.

Anonymous wrote:I find nothing wrong with this, but fwiw we live in one of those neighborhoods also (moved in 11 years ago) and I’ve met zero families in the situation OP describes. And we are heavily involved in the community, kids in local public etc.

Ok but how do you know who actually owns their homes?