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Old 11-09-2019, 02:01 AM   #61
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In what country can any house that is still standing sell for as little as $50k?
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Old 11-09-2019, 03:09 AM   #62
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Originally Posted by jjuneau View Post
In what country can any house that is still standing sell for as little as $50k?
Try the USA. https://www.countryliving.com/real-e...ses-under-50k/
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Old 11-09-2019, 07:35 AM   #63
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In what country can any house that is still standing sell for as little as $50k?
All of them including the US. You may have to get out of your rich bubble every once in a while and see how the rest of the world lives including much of the US. There are houses around me that sometimes go for under $50K and I live in a decent area with low crime. Go to large cities in high crime areas and most houses are under $50K.
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Old 11-09-2019, 11:47 AM   #64
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Wichita, Kansas is one place.
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Old 11-09-2019, 01:22 PM   #65
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2,827 houses for sale near Jacksonville FL under $50,000.
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Old 11-09-2019, 03:12 PM   #66
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Our family is very tight lipped.

My dad passed away 4 years ago and I was managing his finances at that time...so I knew every detail of what he had...but he never discussed his will. Died suddenly, left everything to his wife (my stepmother). She gave each of us kids $10,000 and is now giving each of us up to the gift limit (I think it's $15k) annually but has told us she re-evaluates annually and will give when she can afford (which should be most years unless she lives to be VERY old).

I don't plan on getting any more...so when I do get $15k we spend it on something nice like a vacation and I know my dad would be happy about that.
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Old 11-10-2019, 05:28 AM   #67
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For those who have open communication with your family about money, how much will you

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Originally Posted by aaronc879 View Post
All of them including the US. You may have to get out of your rich bubble every once in a while and see how the rest of the world lives including much of the US. There are houses around me that sometimes go for under $50K and I live in a decent area with low crime. Go to large cities in high crime areas and most houses are under $50K.
But where are those $50k houses actually near an influx of jobs and in-migration?

You won’t find $50k homes in Elm Grove/Brookfield or Whitefish Bay
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Old 11-10-2019, 06:08 AM   #68
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In what country can any house that is still standing sell for as little as $50k?
Des Moines, Iowa. Small house with a decent yard and a nice two car garage. My friend recently bought, did some minor renos and it looks very nice.
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Old 11-10-2019, 07:17 AM   #69
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2,827 houses for sale near Jacksonville FL under $50,000.
Not sure where that is, but in many VCOL places in FLA, one gets all the other stuff that goes with low housing.
There are houses for ~60k which are 5-10 miles from the beach in Wext Pasco county, FLA. Sounds good except your neighbors might be running meth labs from the house, not to mention high crime rates.
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Old 11-10-2019, 07:47 AM   #70
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Not sure where that is, but in many VCOL places in FLA, one gets all the other stuff that goes with low housing.
There are houses for ~60k which are 5-10 miles from the beach in Wext Pasco county, FLA. Sounds good except your neighbors might be running meth labs from the house, not to mention high crime rates.
Jacksonville FL 32210
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Old 11-10-2019, 07:59 AM   #71
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In what country can any house that is still standing sell for as little as $50k?


I must’ve missed something. What is the basis for this question? It doesn’t seem relevant to the topic.
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For those who have open communication with your family about money, how much will you
Old 11-10-2019, 08:36 AM   #72
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For those who have open communication with your family about money, how much will you

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Not sure where that is, but in many VCOL places in FLA, one gets all the other stuff that goes with low housing.
You don’t know where Jacksonville, FL is? It’s the most populous city in FL and the largest city by area, in the USA

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Sounds good except your neighbors might be running meth labs from the house, not to mention high crime rates.

Not necessarily true. Depends on how far off the target home price is relative to the median. If the house is $50k and the median in the city is $55k then it’s less likely to be a “meth lab” in a “high crime” area, and more likely to be just a typical house. Add a “0” to the price of the median home and the odds increase
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Old 11-10-2019, 09:43 AM   #73
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My brother and I got a smallish inheritance when my dad died last year. He managed on SS and a small pension for over 40 years. My suggestions to lighten up on the scrimpyness never took hold. Even at 97, he would cut coupons and only buy items on sale.

FIL has money. We aren't counting on a penny. DW and I are convinced that the reason he has an extra cemetery plot is to bury his money next to him.

We haven't talked with our kids about how much money we have, but we have everything arranged and the kids know where to find the information. We'll probably open up a bit more about actual amounts on down the road.
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Old 11-13-2019, 04:09 PM   #74
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We don't plan on a dime.
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Old 11-13-2019, 05:15 PM   #75
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You don’t know where Jacksonville, FL is? It’s the most populous city in FL and the largest city by area, in the USA

I know where Jacksonville is. A little common sense is to be used in that there are parts of Jacksonville which are seedier than other parts and thus my question.


Not necessarily true. Depends on how far off the target home price is relative to the median. If the house is $50k and the median in the city is $55k then it’s less likely to be a “meth lab” in a “high crime” area, and more likely to be just a typical house. Add a “0” to the price of the median home and the odds increase
A nice theoretical response, but just not true in my example.
Go check out all the different sections of New Port Richey, Hudson and other West Pasco county areas.
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Old 11-13-2019, 05:26 PM   #76
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Originally Posted by Finance Dave View Post
Our family is very tight lipped.

My dad passed away 4 years ago and I was managing his finances at that time...so I knew every detail of what he had...but he never discussed his will. Died suddenly, left everything to his wife (my stepmother). She gave each of us kids $10,000 and is now giving each of us up to the gift limit (I think it's $15k) annually but has told us she re-evaluates annually and will give when she can afford (which should be most years unless she lives to be VERY old).

I don't plan on getting any more...so when I do get $15k we spend it on something nice like a vacation and I know my dad would be happy about that.
Without knowing any more details, it sounds like your stepmom is being very generous. But you know the amounts to assess whether or not it is.

That said, he had reasons for his will.
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