@wallstreetjournal: Family money is reshaping the luxury housing market. In Manhattan, parents are buying condos for their kids before the inheritance arrives. #luxuryhomes #realestate #newyork #inheritance #WSJ Host/Producer: @Farah Reporter: Katherine Clarke Graphics: Siemond Chan

XTine616 :

Yeah it’s called generational wealth aka privilege

H. Fooligan :

But were the ones who want “handouts”

BuzzEdgarMoustache :

I will be inheriting a few decorative plates and a precious moments collection…

64:hfy5638 :

Tax the rich

nope :

You forgot to pronounce the Ts in manhattan.

SoundsFake_ButOkay :

once again, not being born to weathy parents is my undoing

gigglesmcgeee :

Makes sense. Why should the government get some of my money when I die? I worked my whole life for it. They will get none of it.

azandy77 :

Problem is they will always have a safety net. Sometimes you need to work without one

Jackster :

Yeah. I don’t wanna hear those Gen z and mill whining. Signed X

Based_Chad :

Bryan Meisel :

It’s The west village

Hunnyloveee :

My parents both died before 60 and sadly were not able to leave me anything, but I am trying to do this for my son as we speak💕

Unc :

Sounds like an end with chaos

user3877922244309 :

It’s not just nyc. It’s happening here in South Florida.

Tidbit :

I’ll own a huge building in manhattan’s downtown

EKALB1111 :

The privilege they had to build capital when you still could.

Yourunclejoel :

swell

Mario Pinedo :

Good idea to transfer some of the wealth before inheritance - an inheritance when your kids are 65 years old is not as impactful as when they are in their 30s. Joint purchasing is probably the best way.

Alex :

My parents trusted me to fund myself

MR NIKITA :

The NYC nepofication 2.0

Minus :

I wonder why there was a tax recently put in place.

nelson.ray2121 :

5 trillion in real estate transfer 😳for their kids! 🧖🏽‍♀️💆🏽‍♀️

Gene Shalit :

This is why you have no hope without family money

brian.mcgrath0 :

Eat the rich