My father wants to deed his kids his home before Prop 19 takes effect. I suggested a life estate instead. He said I’m ungrateful

I have been a faithful reader of your column for many years, and it has shaped how I think about relationships, property, and finances as I begin to navigate the financial world as a young adult in her mid-twenties. Though I thought it would be a decade or two before having to confront any of these issues myself, I find myself in need of advice now.

California just passed Proposition 19, which will, in part, require that inherited homes that are not used as principal residences, such as second homes or rentals, be reassessed at market value when transferred.

The Moneyist:I got a promotion and a raise, but my colleagues undermine me. How do I balance work and my happiness?

My father has recently inherited just such a home from his parents’ estate and, in an attempt to circumvent this new law, would like to immediately pass it onto

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Vacant Zombie Properties Diminish Across U.S. As Foreclosure Moratorium Remains In Effect In Fourth Quarter Of 2020

The report analyzes publicly recorded real estate data collected by ATTOM Data Solutions — including foreclosure status, equity, and owner-occupancy status — matched against monthly updated vacancy data. (See full methodology enclosed below). Vacancy data is available for U.S. residential properties at https://www.attomdata.com/solutions/marketing-lists/.

The report reveals that 200,065 properties are in the process of foreclosure in the fourth quarter, down 7.3 percent from the third quarter of 2020, while the number sitting empty (7,612) is down 4.4 percent.

The portion of pre-foreclosure properties that have been abandoned into zombie status has ticked up slightly, from 3.7 percent in the third quarter of 2020 to 3.8 percent this quarter.

Among the nation’s stock of 99.5 million residential properties, zombie properties continue to represent just a tiny fraction – only one of every 13,100 homes.

The fourth-quarter 2020 data shows a drop in the number of homes at some point in the

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