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re: How do people with mansions keep up their house?
Posted on 7/7/15 at 12:23 pm to SwaggerCopter
Posted on 7/7/15 at 12:23 pm to SwaggerCopter
People like celebrities have enough money to pay people to maintain their place. They definitely waste a shite ton of money but they have enough cash that they don't really care I guess.
1
Posted on 7/7/15 at 12:28 pm to TheIndulger
Many wealthy, absentee owners don't care about upkeep. For them, the property is merely an analogue to the swiss bank account that they no longer keep due to onerous IRS investigations. LINK
Posted on 7/7/15 at 12:32 pm to RockyMtnTigerWDE
quote:
7000 is a nice size, but hardly massive in mansion sense. I
depends on the build, there are houses around me here in ATL that are that size that I would consider a mansion and many that are just every day neighborhoods. its also amazing how much sq ft a basement can add
Posted on 7/7/15 at 12:33 pm to LeonPhelps
quote:
I think the 10% also includes property taxes. In some areas, property taxes are outrageous.
even with property tax, you probably arent approaching 5%
Posted on 7/7/15 at 2:40 pm to NYCAuburn
quote:
even with property tax, you probably aren't approaching 5%
Huh? i would say absolutely a $1M home will spend over 5% on upkeep if the work is all done by outside workers.
Cleaning/maid
yard/landscaping
maintenance
pool costs--chemicals furnishings-repairs--cleaning
property taxes
electricity
gas
alarm
etc etc etc
Posted on 7/7/15 at 2:43 pm to SwaggerCopter
House manager and staff.
Sounds like your friend is house poor.
Sounds like your friend is house poor.
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