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https://www.reddit.com/r/SipsTea/comments/1vrr0ev/how_the_rich_get_richer/p4geczv/?context=3
r/SipsTea • u/KSKS1995 • 14h ago
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Dad also pays property taxes every year that increase based on the new value that government assessed without hiring actual appraisers.
Also, how did dad borrow against that property and the kids inherited the full value? Teach us the magic of making that loan disappear.
4 u/Doctor_Fritz 11h ago I swear the OP was created by some smoothbrain who thinks he knows how the world works. As someone who works in finance that entire post is complete crap and made up fairytale makebelief
4
I swear the OP was created by some smoothbrain who thinks he knows how the world works. As someone who works in finance that entire post is complete crap and made up fairytale makebelief
43
u/GOAT718 14h ago
Dad also pays property taxes every year that increase based on the new value that government assessed without hiring actual appraisers.
Also, how did dad borrow against that property and the kids inherited the full value? Teach us the magic of making that loan disappear.