My parents are renters in their late 60'sThey're going to get an inheritance soon, but they said "if we can't afford to get the house we want to buy, then we aren't gona buy one, and we'll just leave the money in the bank and get interest"How can I convince them to not be fucking retarded and just buy a fucking house?If they live another 20 years that money will be fucking destroyed from inflation and then i'll get nothing, but at least if they buy a house it will have protected the value of their inheritance.I bet im gona have to deal with 4chan telling me "ERM ACTUALLY UR PARENTS ARE RIGHT, THEY SHOULD KEEP THE MONEY IN THE BANK AND LIVE OFF THE INTEREST, DONT TELL THEM TO BUY A HOUSE!" because 4chan has to always be contrarian to the OPfyi: The reason my parents never became home owners is because my mom could never "find the perfect house" and she "didn't want to buy something that isnt exactly what she wanted" and shes doing this shit again now when they finally have a chance to soon 1-shot purchase a home and never have to worry about rent again.
Nobody cares about your boomer parents lil nigga.
>>62253429Tell them to buy a house if they care at least a little bit about You and what will happen with You after they die. Tell them that You're willing to help they with maintenance around the house would they like to. Tell them that it will help You later in life too. That its one of the better ways to preserve value. Or at the very least convince then to give You at least small part of their inheritance. If nothing will do, You're basically wasting Your breath on them as they dont give a damn shit about You.
man stop thinking about this inheritanceyour parents are rentucks at 60, they wont leave you a single centthey are too stupid for that
>>62253429It’s in sane to me that a retired parents wouldn’t just give the inheritance to their kids.
>>62253722they are going to spend it in a RV, a harley davidson and donating money to poor little niggers
>>62253708Warren Buffett wished he had rented
>>62253429My dad died and a lost money paying for the funeral. Mom is still alive though at least
>>62254206he can still become a rentcuck if thats what he really wants
>>62253708They can make 1 good financial decision in their life at least and put the inheritance theyre getting into buying a home.They already got 1 inheritance already like 8 years ago, about $500k, and that $500k is down to $150k.I told them to buy a house back then and they said they couldnt afford anything back then where they wanted to live.So theyve basically slowly spent most of it so far.Theyre so fucking stubborn about it too its insane.A $400k house 8 years ago is like $1M+ and when i told them that they said "UHHHH BUT WE ARENT GONA BUY A HOUSE WE DONT WANT, WE ARENT JUST GONA LIVE ANYWHERE JUST BECAUSE YOU WANT TO INHERIT SOMETHING OFF US LATER"
>>62254227>>62253708>>62253664To say more on this.Basically its entirely my mom (not my dad, he doesnt care, he just goes along with whatever my mom says)My mom has it in her head that unless she can live in the perfect area with a clean new home, that she doesnt want it. So basically she needs like $1.5-2M dollars to buy the type of house she wants in the area she wants.What theyve been doing is renting homes around these areas, so they can live in those areas, but without being able to afford owning in those areas, if that makes any sense.They dont want to "move out" and buy something affordable in an area they dont want to live in.So theyd prefer to just keep cash in the bank and have it slowly drain away from inflation and spending then actually own an asset that holds value over time
>>62254206Probably because the property he bought is in Nebraska kek
>>62254241So much for being inbred rural and a hick. He certainly didn't enjoy it.
I'm so lucky that my parents aren't selfish retards. Sorry OP that sounds miserable. I'm not being left a fortune but at least I'm being left with a house that has been recently renovated within the past 10 years and is in a good enough area for now at least.
>>62254239>>62254227your mom just want to do nothing and spend the inheritance without any worriesstop talking to them if they didnt buy a house 6 months after getting the inheritanceit will save you some precious time because you wont get a penny from them obviously
>>62254269She could "do nothing and spend the inheritance" by owning a home and not having to pay rent.
>>62254282she is a woman, she is dumbstop talking with them if they didnt secure the bag 6 months after getting it dont pay for their medical bills when they contact you in 10 yearsim sorry you have such parents bro, my mother is an angel in comparison she literally refused inheritance from her parents to give it to us and she bought real estate with all my father s money when he passed away in 1996
>>62254292Her only knowledge of money is that her brother lost like $100k on stocks in the 1990's and ever since then shes convinced investing is a scam
>>62253722Greedy little shit. You wait your turn.
>>62254300her brother bought high and sold low
>>62254309Its crazy to me how her seeing 1 bad experience from investing made her completely against investing.
>>62254239It's so over
>>62254330I feel bad for you anon because your mom is the type of person you will just never get through to. Some people convince themeelves of something and no matter how wrong or harmful that thing is they will stick to it forever. Your best chance would probably be getting your dad on your side but it doesnt sound like that would help much.
>>62254239Typical stupid foid behavior. I don't even know on whom You should be angrier more. Your mom for being spoiled bitch or Your father for being spineless? In this day and age, getting a property for a kid to inherit later in life should be the bare minimum for parents and You parents failed. Just like >>62254266 anon, I didn't inherit much except a shit house I am slowly renovating and 5kUSD and I cannot comprehend not having even that. I am really sorry for You anon, but Your best bet would be to just cut Your losses and let them go, otherwise They'll call You few years later once they burn through all of their cash and medical bills starts to pile up to screw You one last time before they kick the bucket.
>>62253429until you can prove that they are too elderly and disabled to manage their finances, to become an executor, you will not influence any control over their wealth. my suggestion to you would be to drop it for a time so that you do not instigate any further suspicions from your mother who is clearly opposed.
Your parents are right, this is a renter's market right now compared to home prices. Home prices have gone up faster than real estate historically ever has and only some retard degenerate son would think it's a good idea to buy a house now>>No I'm doing this for ME not for THEM!Lmao>Never have to pay rent againRoof hot water tank foundation work repaint siding taxes (that they raise every year) updating the electricity and plumbing repainting interior redoing floors.Basically I look at houses and the vast majority of them, within the next 5-10 years, have literally a 50,000 dollar price tag slapped onto them extra because of upcoming work that needs to be done.
>>62254239Anon, you may need to sit down before you read the next sentence.Your parents want to spend everything they have earned or inherited before they die.They do not care about you. Your posts make it clear they will leave you debt ibstead of an inheritance when they die.Good luck cutting the cord.
>>62254681only retards rent>>62254740grim
Never understood why people care about inheritence by the time my parents got anything they were in their late 60s like by that time you are too old to enjoy it anyways just work on making g your own money instead of waiting until you are old for some windfall that might not even happen
>If they live another 20 years that money will be fucking destroyedYou should live your life like you're not getting a cent from them and hope for the best. There's really nothing you can say that will change their minds about their money, and giving them advice is only going to make them resent you and spend it on stupider shit to teach you a lesson. It's not a way to live life either, waiting around for your parents to die so you can get an inheritance instead of dealing in the real world. It's a subconscious thing, you expect an inheritance in the future so you spend more now, maybe not work as hard, etc. Just hope for the best man, its out of your control and theres no use stressing out over it.
>>62254333Did the ref have the day off?
>>62254681>Roof hot water tank foundation work repaint siding taxes (that they raise every year) updating the electricity and plumbing repainting interior redoing floors.Basically I look at houses and the vast majority of them, within the next 5-10 years, have literally a 50,000 dollar price tag slapped onto them extra because of upcoming work that needs to be done.This is the same tired old cope. By the time a house needs $50k in (one-time) work, average rent would’ve climbed to $30k+ a year. Also property tax is tax-deductible making it almost negligible if you make over 100k
>>62254330Normies are retarded like this, ESPECIALLY women. They dont understand sample sizes.
>>62253429Bro your parents are retarded, just cause their central heating to leak carbon monoxide so they die and you get the money. Only way.
You will find that you are much more retarded than your parents, OP. A house is a liability, not an asset. Chances are if you actually inherited a hypothetical house you wouldn’t have enough money to pay for roof repairs. What if the foundation turns out faulty from tree roots? Also you pay rent to the jew that is the state property taxes. Honor thy father and thy mother, genius.
>>62254216>paying for the funeral>>62253429>my mom>>62255574>nothing you can sayits simple, kill your mom. fentanyl in her evening cocktail? must have been a heart attack, no autopsy please (we're jewish) gotta get her in the ground today
>>62256102Are you dumb?Its not the house I care about, its allowing their inheritances not to go to wasteI dont know where you guys live, but in my state, even completely run down shit boxes still go up like crazy every year, because its the location/land that people want, they dont care about the shitbox thats sitting ontop of itI dont give a fuck if the house is run down in the next 20 years, the point is theyre parking their inheritance in an asset they can live in until they die, so then i can sell it and actually get a good amount of it, instead of it sitting in cash for the next 20 years as its value dwindles down to nothingAgain, there are literal shitboxes without running gas or electricity here, that are completely run down, which still sell for a million dollars, because of the location/land.
>>62254681>>62256102why are renties always so obsessed with repairs and maintenance?I've paid less than $800 in 6 years of owning my apartment and my parents haven't needed a major repair on their house (that has 15xed btw) in the 31 years I've been alive
>>62257247This. My grandparents have lived in the same place since the 1960's and they haven't done anything to the house besides make a new bathroom.
>>62253429>buy house at 60>get to 70>too old and immobile to maintain it yourself>pay people to maintain it>probably comes out to about the same as rentingseems like renting is a decent idea for old people.
>>62257267my grandparents all lived to their mid-late 90's and none of the moved out of their home or needed assistance movingso my parents could have another 30 years
>>62253429There's no point getting upset over this. Just pretend that you're an orphan and they never were in your life. Do you at least live with them rent free?>>62254333You made me check motherfucker, you had me until the end fucking kek>>62255578It's AI, the fight didn't happen yet>>62254216No one forced you to pay for the funeral. Anyone who dies as a deadbeat deserves to be thrown into a dumpster or into the sea.
