Poll of the Day > How rich is your richest family member?

(+) Yeah! (+)

Just curious how much peoples family has. I have two very wealthy family members. An Uncle who did all the music for the TV show VIP and tons of movies etc after that (lives in Malibu), and my Grandfather who owned a mansion down the street from the Adams family house in huntington beach, long Island NY.

I have never taken money from them or anything, but I just realized that most people probably do not have relatives that rich and figured I'd make a poll to see.

It's certainly true of the people I have as friends etc where I live.
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Ok, I have a poor family, poor on all sides... except ma cool uncle who is sitting on 1.2 billion.
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Im technically related to Tiffany Trump so I guess however rich she is

Twenty thousand dollars?
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Yeah, it's hard for me to imagine not having at least one worth over a mill with how much homes go for now adays, especially in California.

Even here in Olympia you don't have to have an amazing home to have over a mill in assets.

In the bay area, you basically could own a mobile home and be close to that now lol....let alone a house.

So my viewpoint is kinda skewed. A $10k-20k mobile home I owned in Hayward CA and let go about 12 years ago (it was worth about 40-50k at that point), is now worth about $200k. I was too busy with my wife being sick/in the hospital with necrotizing fascitice to spend the time/money to maintain it, so I let it go for the $5000 owed in space rent. Really regret that.

My friend back in the 90's bought a condo for about 200k that is now worth over 1 mill though..so yeah, crazy easy if you lived in Cali to end up being worth over a mill.
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500k is nothing where i live a house cost closer to 300k and after forty years of living hear that's like 400k in property taxes you just paid off

RoboXgp89 posted...

500k is nothing where i live a house cost closer to 300k and after forty years of living hear that's like 400k in property taxes you just paid off

Yeah, my current house is worth about 420, but should go up another 50k or so in a month or so.

Olympia is pretty cheap compared to many places though.....actually a great time to buy property here (hence why it's going up so fast) as more and more people move out from Seattle, or move here from Cali where property values are so much higher.

Trick to retiring right now though is to sell here, and move somewhere with much lower property values while they are still fairly low. They are climbing fast in this area, but there are still many places where they have not increased nearly as much.

Sell your home here for $450k, and buy a similar sized home elsewhere for $200k, and still have money left over to retire with:)

I am NOT moving to Arizona though!
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Not exactly sure how distant the relation is, but I've got at least one multi-millionaire in my family. They've got a pretty nice $7m or $8m dollar home around here (which, tbh, was a little underwhelming), in addition to several other multi-million dollar properties.
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RoboXgp89 posted...

500k is nothing where i live a house cost closer to 300k and after forty years of living hear that's like 400k in property taxes you just paid off

Having 300k in debt is a lot different than having that much in assets
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My family? Uh... One might have a couple hundred bucks for a few minutes once in a while.
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Looking at places to move to...there are some insane deals out there lol.

Buffalo NY for instance is less then $100k for a 4 bedroom, 2 bathroom house (I don't need one that big).

It's pretty far from Long island etc, but I could easily travel there if I wanted, and it's still in NY so maybe the pizza is still as good hehe. Prob could get a nice place for less then $50k.

Here are a few other places:

Riverdale, Ga., is a suburb of Atlanta, located just 13 miles outside the city. The average price for a four-bedroom, two bathroom home in Riverdale is $68,207.

Like being close to a large city like that, easy to just drive into the city, but still live in a suburb that isn't super crowed. Not really sure about Atlanta though....i'd want to visit first.

And the most affordable area on Coldwell Banker's list is Cleveland. The average price for a four-bedroom, two bathroom home in Cleveland is $64,993.

This is pretty insane to be honest. You live in a Major city (bonuses and negatives here, but I could pay more for a quiet neighborhood I'm sure). Might even be able to get something on the water at these prices. Seriously if a 4 bedroom two bathroom home is only 65k. I bet I could get a really....really nice 1-2 bedroom 1 bathroom home, with a good view and nice neighborhood for 50k pretty easy. I'm going to look into it. So much cheaper then where I live right now. I'm sure most major cities have at least a few really good places to eat as well.
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Moonjay posted...

My family? Uh... One might have a couple hundred bucks for a few minutes once in a while.

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How did you know I live on Long Island <_< >_>
I feel like this area really isn't what it's cracked up to be
we're essentially paying for a city an hour and a half away that is full of smells and bums
and lets just say you do acquire skills you have maybe 50 square miles to find a job because we are surrounded by ocean
LI sucks I just live here for my cats lol
might as well be a virgen

Woah, so I checked out Cleaveland OH.

Seriously crazy.

First I looked at rental prices, cause I'd like to rent there first, but...they are not really that much cheaper, about 700$ average instead of $800 average here for the same thing.

So I'm like...well if that is the case the homes can't be that cheap, who would pay 1/20th of the value of a home each month to live there?

So I looked at buying a home there, and the estimate on that website was WAY over...omg...what has happened in cleaveland that everyone is selling their homes so low?

Here is a link to Zillow in the area.

https://www.zillow.com/cleveland-oh/

Seriously there are homes going for 12-18k!! There is a 3 bedroom 2 ba apartment going for 9k!!

A 2 bedroom 1 bathroom home, not a forclusure or auction house is selling for 17k...it's insane.

Why are people renting places for almost 1k a month, when it costs about 1 year of rent to own them?
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RoboXgp89 posted...

How did you know I live on Long Island <_< >_>
I feel like this area really isn't what it's cracked up to be
we're essentially paying for a city an hour and a half away that is full of smells and bums
and lets just say you do acquire skills you have maybe 50 square miles to find a job because we are surrounded by ocean
LI sucks I just live here for my cats lol
might as well be a virgen

I didn't, but I was just there visiting family. Huntington beach etc. No freaking taxis at all....but it was nice, and the pizza rocked. The chineese was only meh though (didn't get to try many places, pretty much just Janis).

Considered moving there, but it's sorta expensive and secluded.
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No idea.

I have an uncle who owned a $1 million condo in San Francisco and retired from being a stock broker before his 30th birthday, and hadn't worked a paying job since. He passed away from cancer about a year and a half ago and now his husband has all the finances.

Other then that, I am pretty much the most well off person in the family.
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My dad would be pretty wealthy if he didnt spend it all on stupid shit. But he grew up really fuckin poor and its his money so whatever.

His brother his brothers wife are both tax accounts in Tulsa, OK and probably are worth about $2 mil. Combined with the fact its fucking Tulsa their money goes pretty far and they do very well.

His other brother and his spouse are pretty well off since ones a land surveyor and the wife is a nurse pretty far up in the hospital hierarchy.

My moms side is all white trash blue collar workers but theyre great family and I dont think they give a shit about money.
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i'm significantly richer than any of my family members
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Those cheap ass Cleveland houses are probably in the worst kind of drive by gang bangin ghetto imaginable

Want a cheap house? Harvey Illinois you could probably get one for a buck

Harvey was a nice town some 50-60 years ago. Now you'd be lucky to live a year in that one dollar house without ending up dead. Driving down mainstreet in Harvey is literally boarded up windows after boarded up windows of what once was. And now it's a murderous drug den

Yeah, I don't want to live in Harvey lol.

And in Cleaveland at lest it appears like the $50k homes are in good neighborhoods with new renovations etc....so not that horrid.

Not a great idea to move there if your just starting off.......or at least not as good....since you tend to get paid less in the area which offsets the lower cost of living.

If you are retiring though, it looks like a great option, especially if your moving from somewhere like California etc, where you can sell your house for a large sum.
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Over 100 million in assets

Mind giving the rest of us a grant?
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I was told my uncle's condo was worth over a million US dollars. He lives in Hong Kong
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My parents' house alone with worth about $1M. My uncle also owns a ton of farmland that he rents out, which is probably very valuable. I think it used to be three farms, iirc...
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Some of my uncles and aunts have probably 2-4 million in assets, considering their house is worth about 1.5 million. Though perhaps they have a ton in stock options, I'm not sure.

My mother doesn't have much but my dad is pretty rich too but it doesn't show. He drives a 12 year old car, lives in a house that is only worth about 250k, but I know he has over 1.5 million dollars in stocks.
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It's difficult being a millionaire, ok?
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All of my 4 maternal cousins are quite well off, from upper middle class to low end wealthy. One of them.
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One of my cousins plays pro basketball and is quite rich

No idea as I don't know much from my mums side. I doubt they are raking in cash though.
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AFAIK, no multi-millionaires anywhere in my family that I'm aware of.

My parents aren't majorly rich - they invested their money wisely, their house is paid off, and I'm sure they have plenty to see them through to the day they're laid to rest next to my older sister.
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Some of my uncles and cousins did alright working the Alberta oil fields, but otherwise my family has a pretty serious case of generational poverty. I'm broke, and I'm still doing better than my mother who had to sell her house and declare bankruptcy during the '08 crisis.
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Kungfu Kenobi posted...

Some of my uncles and cousins did alright working the Alberta oil fields, but otherwise my family has a pretty serious case of generational poverty. I'm broke, and I'm still doing better than my mother who had to sell her house and declare bankruptcy during the '08 crisis.

Ack, sorry to hear that. Yeah, if I didn't have the house after all the medical bills I would be there as well. Luckily I still have enough after selling my house to live comfortably, but I probably will still need to work some.
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My direct and extended family live in a different country and aren't all that rich, so that leaves me. My place alone is worth 1.2-1.4m (it's a little over halfway paid off. I could finish paying it, but with the interest rate being so low, it would be a pretty dumb move), and I have some pretty significant investments and other assets, so that is it.

Never thought that would happen considering how tough were times when I moved out after school, but there I am.