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Started By
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re: How? Just how do so many people afford 2+ mil secondary homes in florida?
Posted on 7/1/23 at 7:19 pm to Upperdecker
Posted on 7/1/23 at 7:19 pm to Upperdecker
quote:
It’s more like the scene in The Big Short when they find out that the stripper owns 8 houses on mortgages and can’t afford any of them
70% of the home purchases in Alys Beach are cash.
3
Posted on 7/1/23 at 7:20 pm to BengalBlood81
They don’t post on TD and spend more time working/creating something
Posted on 7/1/23 at 7:24 pm to mule74
quote:
70% of the home purchases in Alys Beach are cash.
Sshhhh, the OT thinks if you’re successful you must be maxed out in credit. Don’t burst their envy bubble
Posted on 7/1/23 at 7:31 pm to BengalBlood81
In life, some people game. The vast majority of us get gamed.
This post was edited on 7/1/23 at 7:33 pm
Posted on 7/1/23 at 7:33 pm to mule74
quote:
70% of the home purchases in Alys Beach are cash.
Imagine having that kind of money and dropping it on some poor man's attempt at a Greek villa in the middle of the redneck riveria. Must be lottery ticket winners.
Posted on 7/1/23 at 7:35 pm to GeauxTigers123
quote:
It’s hard to make that kind of money as an employee unless you are a big company exec (and there aren’t that many of those in the grand scheme of things).
I agree for the most part. There are a shitload of wealthy people who got rich while working for tech companies who offered stock options and such as part of the compensation packages.
I only know three people that have FU money.
One worked for Amazon for 14 years. He doesn't live extravagantly other than a nice home and boat. Probably $8-10 million.
One worked for a family business(part owner) that the dad sold. I think they got $6 million each. He had money before that, but at age 50 or so and after the sell, he quit working and went on a spending spree.
The other started some physical therapy practices around the Austin and San Antonio area after just having his own little practices. He took on some partners and investors and grew rapidly over a 15 year period. That area boomed and he sold out last year. Probably only worth about $5 million.
May not quilify as FU money, but in my little world they are. All under the age of 50 as well.
Posted on 7/1/23 at 7:49 pm to Blaeke
quote:
Imagine having that kind of money and dropping it on some poor man's attempt at a Greek villa in the middle of the redneck riveria. Must be lottery ticket winners.
Let the hate flow
some of you people really are clueless 
Posted on 7/1/23 at 7:56 pm to notiger1997
quote:got lucky , happen to work for one of the few tech companies that made it thru the dot com crash. Good for them, but more luck than hard work.
There are a shitload of wealthy people who got rich while working for tech companies who offered stock options and such as part of the compensation packages.
Posted on 7/1/23 at 8:08 pm to BengalBlood81
I have a good friend that was an engineer. Worked for a good company, made decent money. He lived like a pauper for first 10-15 years. Saved enough to start his own engineering company. Was very successful for about 20 years and then sold it.
No family wealth or financial support, did it all on his own. Never borrowed money for business. He had two older brothers that did basically the same thing in different industries. Other than advice,they did not help each other.
I do not know which one has the most but I believe they are pretty close in value. I am confident between the three, the total worth is over $150-million.
Anyone can do it if you are smart, hard working, willing to sacrifice and not afraid to risk all you have monetarily.
No family wealth or financial support, did it all on his own. Never borrowed money for business. He had two older brothers that did basically the same thing in different industries. Other than advice,they did not help each other.
I do not know which one has the most but I believe they are pretty close in value. I am confident between the three, the total worth is over $150-million.
Anyone can do it if you are smart, hard working, willing to sacrifice and not afraid to risk all you have monetarily.
Posted on 7/1/23 at 8:10 pm to BengalBlood81
New York Non Christians investment banker types own most all of them. Look at your credit card bill sometimes if you want to know how. They all make 2 million plus a year
Posted on 7/1/23 at 8:12 pm to BengalBlood81
Generational wealth
Posted on 7/1/23 at 8:14 pm to Gifman
quote:
All that just to have the home take massive damage from a hurricane every 5 years.
Our place has had damage once in 30 years or so. Luck of the draw.
Posted on 7/1/23 at 8:14 pm to SuperSaint
Put it on the plastic
Posted on 7/1/23 at 8:15 pm to SuperSaint
quote:
Generational wealth
That’s some of it, but honestly the poor use that as a crutch to never lift themselves out of poverty.
Plenty of my clients who have multiple million dollar properties are self made businessmen and women.
Contrary to popular belief there’s no shortage of money in this world. You won’t ever get there working shift work at a plant though.
Posted on 7/1/23 at 8:16 pm to WG_Dawg
quote:
It wasn't. Those people bought those homes 30 years ago for like $250k.
I know someone like this. They have a house in PCB that the parents bought for 240k. It’s easily worth 10 times that, probably more
Posted on 7/1/23 at 8:17 pm to ILurkThereforeIAm
quote:owners of the trading firm probably made 3 billion
Dude scored a bonus a few years ago that was upwards of $30 million.
Posted on 7/1/23 at 8:19 pm to mjthe
When do those stimmy checks arrive from tPlandemic2019 for people who had a job? Asking for me
Posted on 7/1/23 at 8:20 pm to mjthe
I can fly to Kyiv if that's part of the process
Posted on 7/1/23 at 8:25 pm to Blaeke
Say what you want about Alys. It is a quality, high end development. It isn’t everyone’s cup of tea, but when it comes to beach property it doesn’t get much better.
Posted on 7/1/23 at 8:39 pm to TutHillTiger
quote:
Look at your credit card bill sometimes if you want to know how.
Why?
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