Can’t they sell the house and do whatever they want with the money?
Possibly. If they didn’t sign some sort of contract agreeing not to do so and if there would be a market for that house. And then there’s just the psychological burden of having to give up a free house because it turns out you can’t actually afford to own a free house.
Or rent it out and use that to pay for the maintenance/taxes, etc?
That is not a simple thing. And it puts you legally on the line for a lot. That’s why corporations tend to do it.
Feels like it’s hard to argue against giving people a free house.
I can show you so many stories of people who inherit valuable things only to end up in more debt than they started with. Did MrBeast make sure all of those people actually were good at managing their money before he gave them a house? If they weren’t, did he give them some way to become financially literate? We have no idea because he won’t tell us. We also have no idea what will happen to these people and their houses in one year or five years or ten.
Maybe if it’s just me, but if you’re unable to do the research to become financially literate after being gifted a $200k investment for free… I’m not really going to turn your problems into ill will for the person that gave it to you. Library’s are free.
Most of those “houses” were three room shacks in third world countries. No way they were worth 200k. They were roofs over peoples’ heads yes, but not investment vehicles.
And please, explain to a war ravaged town in sub-saharan africa financial literacy. See how that goes.
Possibly. If they didn’t sign some sort of contract agreeing not to do so and if there would be a market for that house. And then there’s just the psychological burden of having to give up a free house because it turns out you can’t actually afford to own a free house.
That is not a simple thing. And it puts you legally on the line for a lot. That’s why corporations tend to do it.
I can show you so many stories of people who inherit valuable things only to end up in more debt than they started with. Did MrBeast make sure all of those people actually were good at managing their money before he gave them a house? If they weren’t, did he give them some way to become financially literate? We have no idea because he won’t tell us. We also have no idea what will happen to these people and their houses in one year or five years or ten.
Maybe if it’s just me, but if you’re unable to do the research to become financially literate after being gifted a $200k investment for free… I’m not really going to turn your problems into ill will for the person that gave it to you. Library’s are free.
Most of those “houses” were three room shacks in third world countries. No way they were worth 200k. They were roofs over peoples’ heads yes, but not investment vehicles.
And please, explain to a war ravaged town in sub-saharan africa financial literacy. See how that goes.