When my grandparents moved to California from Taiwan in the early ’90s, they bought a home in the East Bay for just over $320,000. That home is now worth five times that amount, and it’s become my home — my husband and I are gradually renovating and planning for the long haul; one day we will inherit it.
We feel incredibly fortunate, as it’s unlikely we would be able to afford such a home on our own. Yet, as the Wall Street Journal recently reported, the math on inheriting a home is changing, with many people in similar situations to mine finding the benefits of keeping an inherited property not as great as they once were.
Read More: Math on inheriting your parents’ California home has totally changed