this post was submitted on 02 Apr 2025
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Real estate is ALWAYS part of wealth. Most people want to tax wealth starting at 500k, so your parents will pay it 100%. But here's a trick, wealth estimations will be done by the government on an annual basis and will change based on who's in charge. One year you might have 1m wealth and next year you might have 2m out of thin air. Because wealth is not money, it's an imaginary number.
P.S. And it's more like your parents don't speak to you, because you are a 13yo kid in an adult body.