Expanding Your Homestead For Extended Family.
I can hear you now after tightening your sphincter muscle and saying “What the hell is he talking about now!”
Just listen a minute. It is May, 2024. I feel the world is going to change radically to the good side soon, and as a result, older folks will receive a large settlement for damages done to your life by scoundrels. If you suddenly became wealthy, what would you choose to do differently.
I think most would just stay where you are, unless medical issues are concerning you about being alone, right?
Many older folks fear being the last one home and facing a nursing home. We would prefer family.
Now consider this. Over the last 50 years we have been enticed to splinter our families leaving us all to fend for ourselves. This was done to us intentionally. But suppose we can now reverse that. Would we consider it? What are the pros and cons of it? Could we still control the land? Why would some of the kids come here? ‘bout other family and friends?
Let’s start with the kids first. If I am right and preparations are paid, and suddenly your bank loans are zeroed out and you are sitting on cash with no bills, wouldn’t that be great?
But know this, younger folks would get lesser reparations, some none at all.
Because of the collapsed economy that will have to be rebuilt, a lot of folks will have to find new jobs.
Therefore, this might be a good time for some kids to move back closer to family and restart there, right?
Then again this might apply to extended family and close friends.
So all I am suggesting is you might want to give it a thought while waiting to see what develops in the next six months.
This would be a good thread to think out loud on the matter.
Possible conversations are:
I can hear you now after tightening your sphincter muscle and saying “What the hell is he talking about now!”
Just listen a minute. It is May, 2024. I feel the world is going to change radically to the good side soon, and as a result, older folks will receive a large settlement for damages done to your life by scoundrels. If you suddenly became wealthy, what would you choose to do differently.
I think most would just stay where you are, unless medical issues are concerning you about being alone, right?
Many older folks fear being the last one home and facing a nursing home. We would prefer family.
Now consider this. Over the last 50 years we have been enticed to splinter our families leaving us all to fend for ourselves. This was done to us intentionally. But suppose we can now reverse that. Would we consider it? What are the pros and cons of it? Could we still control the land? Why would some of the kids come here? ‘bout other family and friends?
Let’s start with the kids first. If I am right and preparations are paid, and suddenly your bank loans are zeroed out and you are sitting on cash with no bills, wouldn’t that be great?
But know this, younger folks would get lesser reparations, some none at all.
Because of the collapsed economy that will have to be rebuilt, a lot of folks will have to find new jobs.
Therefore, this might be a good time for some kids to move back closer to family and restart there, right?
Then again this might apply to extended family and close friends.
So all I am suggesting is you might want to give it a thought while waiting to see what develops in the next six months.
This would be a good thread to think out loud on the matter.
Possible conversations are:
Who gets the big house?Leases and contracts;
Zoning laws and around them;
Shared costs;
Pros and cons;
Wills and Estate Planning;
Co-ownership or not?
Eviction if necessary;
Community Meals?
Future Assisted Living;
You Name It _____?______
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