White Millennials are about to start inheriting a lot of money…

[SnugglesDaBear]

…from their parent’s homes.

The transfer of wealth to our white millennial counterparts is on the horizon as their parents fade into retirement/grave...right as real estate booms. White lady at my job who can barely put together a coherent sentence in an email just inherited her mother's home. It was worth 400k 5 years ago, she just got it appraised at 800k. I swear this is the silent killer of our people.

 

[Prynce]

My family black baby boomers and they own they homes

I got 2 houses coming

 

[perfectblack999]

There was an article that came out a few months ago highlighting that millennials are about to inherit more money than any other generation.

immediately, I was like “not black people”. We always have to get it ourselves.

 

[SnugglesDaBear]

My family black baby boomers and they own they homes

I got 2 houses coming

You are blessed my brother. Seriously love on your parents. Passing real estate to your kids is a cheat code/lifeline that even the poorest of whites benefit from.

 

[Amerikan Melanin]

Do not let your parents take reverse mortgages no matter how bad their money situation gets!

 

[Prynce]

You are blessed my brother. Seriously love on your parents. Passing real estate to your kids is a cheat code/lifeline that even the poorest of whites benefit from.

tbf breh a lot of blacks were in line to get the same thing but either them or they parents sold the home for some quick cash thinking they could buy another home lol

 

[Prynce]

Do not let your parents take reverse mortgages no matter how bad their money situation gets!

yep a lot of blacks lose their homes tryna get money smh

 

[Conan]

White millennials will inherit way more money from their parents' 401ks and trust funds.

 

[MoveForward]

Yeah, this is about to be the largest wealth transfer in the history of this country. They can afford to have this “whoa is me”/ I want happiness over money mentality.

 

[3rdWorld]

Home ownership used to be a culture..theres no generational wealth without a permanent anchor.

The current youth I see look in really bad shape for the future..

 

[RichYung]

They been doing that.

 

[SnugglesDaBear]

White millennials will inherit way more money from their parents' 401ks and trust funds.

The transfer of wealth from real estate is quantitatively more significant. Not everyone has a trust fund, but 75% of white people own their homes. Homes that have skyrocketed in value during the pandemic. Cac Millenials, despite being a fukk up generation, are about to hit the jackpot.

 

[SnugglesDaBear]

They been doing that.

Yes, of course. But they're not passing down 100k homes anymore, it's 300-500k+ damn near everywhere now. That's what makes this a little more unique and the point of the thread. It's relevant because most of us are fit in the black millennial category so these are our counterparts in the rat race.

 

[Henri Christophe]

I got 4 properties incoming... one in NY, one in Sarasota, a vacation home in the DR & a mansion in Haiti.

I cant imagine my parents being dead though.

I'm gonna be crying while counting up the check.

 

[filial_piety]

Hey if you’re parents took care of business then you should be on the come up too ….i stand to inherit my parents house and my grandparents house…plus I won’t get into how much my own house is worth…my wife is also inheriting a 3 bd/2 bath in Crown Heights…it ain’t Jim Crow south anymore folks…take care of business, no more excuses