Defensive offer, or have house prices become so expensive?

2022-02-08 10:17:43

Nope. We have exactly that case. 2 children, property worth 2 million and I don’t have 75K in the bank, neither does my sister. So what now? That’s exactly the point. The property is not worth 2 million. That’s just a fictitious number on paper. Not so long ago it wasn’t even worth half that. Inheritance tax rises with inflation and the housing bubble, but the allowances do not.

Then talk to the bank, they will surely be happy to finance it. Or sell and be glad that you are now millionaires. Not just on paper but really in the bank ;) That’s complaining at the very highest level

2022-02-08 10:19:43

Then talk to the bank, they will surely be happy to finance it. Or sell and be happy that you are now millionaires. Not just on paper but really in the bank ;) That is complaining at the highest level

What am I supposed to do with money that loses value every minute? The property was supposed to serve as retirement provision. Great, if I first need a loan for that.

2022-02-08 10:21:39

What should I do with money that is losing value by the minute?

Buy another property and rent it out? Invest defensively with manageable risk and watch it grow? I would know various things to do with a million so as not to leave it sitting in brine in the checking account.

2022-02-08 10:21:48

What am I supposed to do with money that loses value every minute? The property was supposed to serve as retirement provision. Great, if I first need a loan for that.

But that's really just whining. Sell and invest in apartments, in securities, in forest,... When you factor in maintenance costs etc., there are plenty of options that are more profitable.

2022-02-08 10:23:25

As I have already mentioned: I am for squandering and donating. Others would then pass it on...

2022-02-08 10:27:13

That is really just whining. Sell and invest in apartments, in securities, in forest,... When you factor in maintenance costs etc., there are enough options that are more profitable.

People, how crazy is that? We are supposed to exchange the valuable family property for a less valuable one because of the inheritance tax? You think that's okay?

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Defensive offer, or have house prices become so expensive?

WilderSueden

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kati1337

Myrna_Loy

Tolentino

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