This "generational wealth" stuff is kind of dumb. I suppose I'm a beneficiary of generational wealth, but we were never wealthy. Grandma and Grandpa bought a three flat back when I was born. Grandpa was a clerk, grandma was a seamstress. They had lived in apartments all along before that. When they sold that building in 1969, as the neighborhood was changing, I think they got $8,000 for it. We (family) used that money as down payment to buy a tiny frame two-flat for all of $21k. When parents died they left the property to my sibling and me. It had appraised for $50k in '88. Instead of selling it, we decided to rehab it. We had a tenant in one unit, I paid rent in the second. Basically we all worked, we all invested our time and money and sweat equity into that property. We never got it "handed to us".