2 ms·
> And, even if they did want them, this Great Intergenerational Dump is happening just as millennials are facing a housing crisis, which will leave many of them
by yardstick 4y ago
> And, even if they did want them, this Great Intergenerational Dump is happening just as millennials are facing a housing crisis, which will leave many of them either renting or living in much smaller homes. Grandma’s massive china cabinet is not going to fit.
Seems like a weird comment given the possessions were already in a property in the first place, and the death of the parents will normally result in one of the children inheriting it too. Unless the parents were renting, in which case I doubt they had much space or money to accumulate too much stuff (this will more likely be my generations problem, since homeownership is soo far out of reach for most of us).
- HideousKojima 4y agoIf there is more than one child then the house will likely be sold and the proceeds split.
- prmoustache 4y agoAs said above, if there is more than one child the most common is that the no child can afford or is willing to pay his siblings their share of the existing house and it ends up split. Also most people have their own life/home, often far enough from their parents place to want to relocate there.
- salawat 4y agoIronically, investment grade housing ensures that for multi-child households, the price of a home is generally too high to afford the buyout of other family members, so the "family home" is more likely to bubble up to someone wealthy enough to buy it as a rental. Just another way the market perversely guides capital toward a centralized population due to the quirks of estate management.