Inheriting is becoming nearly as important as working

Re:Inheriting is becoming nearly as important as working by pertymcpert on Friday February 28, 2025 @06:53PM (#43213547)

Where are you and how long did it take to save up for a downpayment?

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Re:Inheriting is becoming nearly as important as working by simonbarker87 on Friday February 28, 2025 @07:01PM (#43213657)

First house was in the North of England, took 4 years to save up enough.

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Re:Inheriting is becoming nearly as important as working by thereticent on Friday February 28, 2025 @07:40PM (#43214097)

Are you in the black as a household overall?

We aren't yet. Our projection is that we will be in 5-7 years. I'm turning forty soon.

Just to give you an anchor point.

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Re:Inheriting is becoming nearly as important as working by koolba on Friday February 28, 2025 @08:00PM (#43214271)

What does “in the black” mean at a household level? Total assets minus loan balances being positive?

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Re:Inheriting is becoming nearly as important as working by thereticent on Friday February 28, 2025 @08:12PM (#43214386)

Sorry, yes. I was thinking net worth > 0.

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Re:Inheriting is becoming nearly as important as working by simonbarker87 on Saturday March 01, 2025 @02:40AM (#43216946)

Ah, I was wondering too but my reply button was gone, yes I would say we’ll be net > 0 around the same time as you age wise. If we hadn’t had to renovate a 60s property we’d possibly be there already but UK housing stock needs work sadly.

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Re:Inheriting is becoming nearly as important as working by whateveracct on Monday March 03, 2025 @11:00AM (#43242998)

Does home price count as an asset in this "in the black" calculation?

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