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Started By
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re: $2B Powerball winner is already burning his money up
Posted on 9/20/23 at 11:45 am to Dirk Dawgler
Posted on 9/20/23 at 11:45 am to Dirk Dawgler
quote:
I think I could satisfy all of my desires for less than $20m. Just bounce around to all my houses, fish, hunt, golf.
Yep - a few $1-2m places where you can take advantage of all of the four seasons.
Maybe a "city" place for sports and concerts every now and again.
0
Posted on 9/20/23 at 11:45 am to TeddyPadillac
quote:
But almost $700m after taxes? frick that. I don't need to try to make more money at that point.
Exactly. Put it in the safest investments possible and you still earn $20 million a year forever.
I would not want anything that I had to work at or manage, unless it was something fun I enjoyed.
Posted on 9/20/23 at 11:46 am to Tantal
quote:
If I had his cash and wanted to invest in real estate, I'd go the development route. Buy 50 acres, build 200 houses, sell at a profit, then move on
I’d buy the 50 acres and leave it all trees and not let any development happen at all
Posted on 9/20/23 at 11:46 am to omegaman66
The weather in California is nice. Why the frick would you want to live in Texas if you have that type of money
Posted on 9/20/23 at 11:46 am to SlowFlowPro
quote:
At some point, the hedonism wears off
I’d certainly volunteer to test that hypothesis
This post was edited on 9/20/23 at 11:47 am
Posted on 9/20/23 at 11:47 am to Death Before Disco
quote:feel like id buy what I want to buy and then put the rest in a high yield bond and just live on the hundred of thousands of yearly yield
managing the people you'd have to hire to manage your $690M would be a fulltime job.
Posted on 9/20/23 at 11:47 am to The Egg
Sorry if German, but TAXES
That’s pretty much what Next Friday was about. OPEX on a luxury home out there is out of control.
That’s pretty much what Next Friday was about. OPEX on a luxury home out there is out of control.
Posted on 9/20/23 at 11:50 am to SlowFlowPro
quote:
This is what people with $600M buy: villas on Lake Como
I'll take one of those, plus a spot in the Greek islands. Add another lake spot in France/Switzerland, and a beach spot somewhere in the Caribbean. Home base in the states, bounce around between spots when you feel like it. Monaco for the race, Paris for lunch, etc., etc.
Posted on 9/20/23 at 11:50 am to The Egg
RE tax is going to eat his arse alive
Posted on 9/20/23 at 11:52 am to The Egg
High-end LA real estate is a pretty good investment depending on the area.
If he’s just buying them for himself and family and friends to live in, he’s a moron. The taxes and upkeep alone will bankrupt him quickly.
If he’s just buying them for himself and family and friends to live in, he’s a moron. The taxes and upkeep alone will bankrupt him quickly.
Posted on 9/20/23 at 11:54 am to Saint Alfonzo
Yeah ever now and again I think of where I'd buy places to live/stay.
Definitely a place in Jackson Hole or somewhere in CO in the mountains.
Definitely a place on the water with a private beach in the Caribbean, with a country with a legit airport (so not St Lucia).
I don't know where I'd like a place in Europe, exactly, but I'd want one, too. Probably somewhere in Asia, Malaysia or Singapore.
Definitely a place in Jackson Hole or somewhere in CO in the mountains.
Definitely a place on the water with a private beach in the Caribbean, with a country with a legit airport (so not St Lucia).
I don't know where I'd like a place in Europe, exactly, but I'd want one, too. Probably somewhere in Asia, Malaysia or Singapore.
Posted on 9/20/23 at 11:54 am to GeauxZone90
quote:
The weather in California is nice. Why the frick would you want to live in Texas if you have that type of money
Because their beautiful ocean is too cold for sane people to swim in, the gun laws are retarded, the govt is retarded and half of the people are retarded.
Just get a house down south and another one further north.
This post was edited on 9/20/23 at 11:55 am
Posted on 9/20/23 at 11:55 am to The Pirate King
quote:
The taxes and upkeep alone will bankrupt him quickly.
How?
Posted on 9/20/23 at 12:02 pm to SlowFlowPro
quote:
Definitely a place on the water with a private beach in the Caribbean, with a country with a legit airport (so not St Lucia).
I might have to buy a boat, park it in Miami like Sonny Crockett, and then cruise the Florida Keys and the Caribbean at my leisure.
Posted on 9/20/23 at 12:02 pm to BabyTac
quote:
Posted by BabyTac ? ? on 9/20/23 at 9:13 am to The Egg
Real estate is prob the best long term investment out there. Good for him.
What do you think the holding cost on a 47m mansion in LA would be a year?
Posted on 9/20/23 at 12:10 pm to GetCocky11
quote:
Part time job
This website never disappoints
Posted on 9/20/23 at 12:12 pm to The Egg
Imagine being disturbed by the way someone else you don’t know spends his or her money.
Posted on 9/20/23 at 12:14 pm to Alabama Slim
1-1.5M per year I bet.
People in this thread think California = insane property taxes. It’s not.
Cali taxes the frick out of income, but property tax is way below average. The property tax bill on that place is probably less than 500k per year.
People in this thread think California = insane property taxes. It’s not.
Cali taxes the frick out of income, but property tax is way below average. The property tax bill on that place is probably less than 500k per year.
This post was edited on 9/20/23 at 12:15 pm
Posted on 9/20/23 at 12:17 pm to JohnnyKilroy
These threads are always a good reminder of how blue collar this website has become
Posted on 9/20/23 at 12:23 pm to JohnnyKilroy
Having that much money would take a staff of attorneys, cpas, and then more attorneys and cpas to watch the attorneys and cpas that you hired.
It takes money to manage money.
It takes money to manage money.
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