They live in good, but normal houses, and drive a 10 year car.
jeez, not this trope again. not all rich people are the same, because they are people.
first of all, to buy a "good, but normal" house somewhere like SF or west LA or NYC requires you to be nearly-rich. if you aren't worth double the house's value in assets and have at least triple the mortgage payment as annual income, you're not going to have much money left over for anything else. that's not even rich.
yes, some rich people are like warren buffet and live in a normal house and drive a 10 year old cadillac.
but who do you think owns all those yachts parked in every marina in the world? or the incredible, huge houses and apartments that exist in every major city?
who do you think buys all of the ferraris and lamborghinis and other exotics produced every year? who's buying private jet rides and, on a bad day, first class tickets at $10k a pop?
Comments
jeez, not this trope again. not all rich people are the same, because they are people.
first of all, to buy a "good, but normal" house somewhere like SF or west LA or NYC requires you to be nearly-rich. if you aren't worth double the house's value in assets and have at least triple the mortgage payment as annual income, you're not going to have much money left over for anything else. that's not even rich.
yes, some rich people are like warren buffet and live in a normal house and drive a 10 year old cadillac.
but who do you think owns all those yachts parked in every marina in the world? or the incredible, huge houses and apartments that exist in every major city?
who do you think buys all of the ferraris and lamborghinis and other exotics produced every year? who's buying private jet rides and, on a bad day, first class tickets at $10k a pop?
here's a hint: it's not the middle class.