10ofRods
Verified Anthropologist
- Joined
- Jun 27, 2019
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When my child was in elementary school a family moved to the area from another part of the country. They bought a fairly expensive home but had no discernable source of income. Many speculated they had achieved it through nefarious means. Found out years later that the wife had inherited a vast amount from her very successful parents. They just never talked about it. My point being, you just never know how people acquire their wealth. MOO
I made that argument in thread 1 or 2, I believe. People were trying to say that there's no way Suzanne's parents could be so wealthy. I used the example of a family I know who had a very similar business to Suzanne's parents, and they invested early in both residential and business real estate. They worked hard at fast food restaurant, made enough money from their real estate that they didn't have to work hard there past age 45, invested in real estate out-of-state and each daughter got a nice hefty sum to put down on their own properties - they all bought acreage with some sort of house, all of it in amazing places (along the Columbia River, in Wyoming, in Colorado). All three daughters have worked a little, but the second one was quite clever about her investments in Wyoming and has never had to work. Has quite the spread at this point (owns fishing pond).
When the parents of these three died, they inherited a bunch more and today, the grandkids own and operate the fast food restaurant. They seem to be repeating family tradition by also plowing profits back into real estate in California's more distant suburbs.