That’s an interesting situation, isn’t it? You own a house, but because you need to generate income to keep it, you have to either become a landlord and live somewhere else - perhaps using part of your income to pay the mortgage on another house - or sell it and draw down your new wealth by paying rent.
Exactlyyyy. It’s basically rent to the state. We have sales tax in this state too and why are we paying taxes on home valuations when the home isn’t being sold. The house is probably going to be sold for a nursing home and bye bye inheritance for me. I wonder when this bubble is going to burst. Only my wealthiest friends anticipate getting a substantial amount from their parents.
I want to have a child but I don’t feel I can give them what they need. I would never pressure my family members to do what benefits me most, but I secretly wish that my mom would retire in Taiwan, where she was born, where she’ll have family and it might be kinder. Retiring in the US seems like the biggest grift. I won’t bring it up unless she brings up grandchildren and then I’ll say I can’t swing it unless she retires in a more affordable country. Now nobody is happy
That’s an interesting situation, isn’t it? You own a house, but because you need to generate income to keep it, you have to either become a landlord and live somewhere else - perhaps using part of your income to pay the mortgage on another house - or sell it and draw down your new wealth by paying rent.
Exactlyyyy. It’s basically rent to the state. We have sales tax in this state too and why are we paying taxes on home valuations when the home isn’t being sold. The house is probably going to be sold for a nursing home and bye bye inheritance for me. I wonder when this bubble is going to burst. Only my wealthiest friends anticipate getting a substantial amount from their parents.
I want to have a child but I don’t feel I can give them what they need. I would never pressure my family members to do what benefits me most, but I secretly wish that my mom would retire in Taiwan, where she was born, where she’ll have family and it might be kinder. Retiring in the US seems like the biggest grift. I won’t bring it up unless she brings up grandchildren and then I’ll say I can’t swing it unless she retires in a more affordable country. Now nobody is happy