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Post by frieddaddy on Sept 14, 2015 14:23:48 GMT -8
Dear black women. This has to do with melanin families owning property and houses. In discussing property and living situations, I have spoken with several males from age 30-65!
One thing that I have gathered from my conversation is the fact that lots of women don't want to live in property that their husbands have inherited from his family. I listen to the old heads tell me stories about how some of their wives complain about it all the time. Some moved away to keep a happy home, some kept what was in their family and just dealt with it. Reasons vary from, not being close enough to the city, being too close to family, not the type of house she wanted to live in, etc......
I want an opinion about how you women feel about living in property that your significant other or husband has inherited from his family, or that is located close to his family or extended family members. Some non-melanated people I have met in the past own a whole street or block and their whole family lives there, NOT paying rent every month, NOT paying mortgage every month. Only paying property taxes and spending money on guns and other things they like to buy. Almost everybody black I know is paying rent, paying mortgage, paying, paying, paying.
Women, What are your thoughts about this subject? Could you live on the same street as your in laws? Could you live in the country on a dirt road because it was a piece of property that your husband inherited from his grandparents?
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Post by ladytee on Sept 14, 2015 15:47:55 GMT -8
I just watched this documentary called Generation One, which was a good watch btw, but it went over how we do not plan financially for generational wealth. Which is true in some cases...but in this case, his family was looking out for the next generation which is a blessing because you see it less and less in our communities. If I were presented with the situation as you described above, I would take it as a great opportunity to start working on setting up my family's security for the next few generations. You are handed a house basically, live in it, save up some money, start investing. Or save the house and leave it for your kids! Store some water, food, and other necessary supplies, and have it as a safe house when there is an emergency. Rent it out, now you have an income property! There is so much potential for the inheritance, and to just turn your nose up at it is silly in my opinion. I could definitely live out in the country on a dirt road lol, let me have some land to grow a garden, and build on... I would be in paradise!
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Post by justpeachy on Sept 15, 2015 18:14:29 GMT -8
This is a great question. In a perfect world this would be ideal financially, especially if you get along with your in-laws. The not so ideal part is the fact that you may want your own space and also leverage if things don't work out. It may be good to start off this way to build your nest egg but what about securing your own future & leaving another home to your children for the future.
The idea of a marriage is to build and in my opinion you should be securing something that you want and creating new space together, especially if there are children involved.. Vou can possibly rent out the family home while creating new traditions in your new home.
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Post by amirinyahya on Sept 15, 2015 23:01:40 GMT -8
Black economic empowerment is so important. Paramount! We need to own something. I don't care if it's a 1/4 acre. Start somewhere. I think we've gotten to comfy with our conditioning.. So we don't realize we're conditioned out of wanting to HAVE something and wanting the responsibility of ownership. There's strength in being close to family. Yea it can get annoying but that's a fixable issue. I'd rather deal with family's mess than strangers - but that's MY mindset after leaving family and dealing with strangers just to end up right back close to family. Hubz owns his mothers property and when she's gone it'll be a second home for us like it is now. It's too small for our family and it's not the best neighborhood. Those are the only factors that are stopping me from staying in it forever. It's been the family home since the 40s so we won't sell it. We'll be living in the country and we'll have a home in the city too, that's all. I'm in a space where OWNERSHIP is the name of the game.
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Post by amirinyahya on Sept 15, 2015 23:02:08 GMT -8
A wise man leaves a legacy for his children's children. We gotta think further than next pay period.
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Post by frieddaddy on Sept 24, 2015 16:40:58 GMT -8
These are some great responses. Thank you for the viewpoints. To those who do inherit property. Don't forget to pay those property taxes. I hear stories from old folks at work all the time about people who didn't pay their property taxes and their land/property that they 'own' gets auctioned off by the city to the highest bidder.
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