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People inherit houses. Do you mean "rich on paper'?
by mhuffman 9y ago
People inherit houses. Do you mean "rich on paper'?
- sol_remmy 9y agoInherited wealth should count, don't you think
- nugget 9y agoShould there be a difference between someone who inherits a debt free, million dollar house in a liquid real estate market versus someone who inherits a million dollars worth of index funds in a Fidelity account? In California, the heir to the house is arguably better off because they would likely inherit the proposition 13 tax basis and pay very little in property taxes.