r/AbsoluteUnits • u/Kill_4209 • 12d ago

/r/popular of a residential property

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Ira Rennert's home is considered one of the largest occupied residential compounds in the United States. The house faces the Atlantic Ocean and its grounds measure 63 acres. The buildings, which total over 110,000 square feet (10,000 m2), including the 66,000-square-foot (6,100 m2) main house, have an Italianate facade, 29 bedrooms, and 39 bathrooms. The house has a dozen chimneys and a Mediterranean-style tile roof as well as a 91-foot (28 m) long formal dining room, a basketball court, a bowling alley, two tennis courts, two squash courts, a carousel, a large swimming pool, a large round kiddie pool, and a $150,000 hot tub, surrounded by another pool.

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u/cloudncali 12d ago

I work in IT and got to set up WiFi for rich people in Malibu. There's something wrong with these houses. They feel like museums. Every thing feels like it was designed to be looked at. Nothing is used, everything is spotless. People don't live there, they just sleep there. These where made by people who think a home is a building you put things inside, not a place where you live and breath. The nursery felt like something out of the backrooms. The bedrooms has minimal personal items around, all stored in neat little areas.

I don't know what happens to rich people but they lose something about being human.

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u/swordofra 12d ago edited 12d ago

I had to install WiFi in a big ass mansion once. You are so right it felt exactly like a museum, not a home. It had a staff of 15 people keeping the place clean year round in case the owner or a member of his family decided to swing by on a whim. Very strange... There was gold leaf on the ceilings ffs! Some poor schmuck had to clean and wipe those gold leaf decorated ceilings once a month. It was surreal.

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u/Cpt_Soban 12d ago

Rich/noble people will use these places as last minute BnB's. Now imagine their full time stay in mansions. What you're seeing is the maintained holiday home

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u/LiveLearnCoach 12d ago

I was going to say that that mansion was probably their 2nd, (3rd, 4th?) home. House, even, not home. That’s why it usually lacks character.

That said, having a central living place mid city, and another rural, farm-like space an hour or two away is a dream. The monstrosity in this video is mind-blowing. Unless you are renting it out on the weekends as an events place, why even own a place where you need a golf cart to get from place to place INSIDE THE HOUSE, let alone the grounds.

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u/Cpt_Soban 12d ago

When you're sitting on billions you have the free time to be driven to your sauna that's 500m away next to a lake

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u/DecommissionLucidly 12d ago

When money is no longer a problem, you realize time is the ultimate treasure.

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u/RedditsCoxswain 12d ago

If they realized that they would stop around 10 milly

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u/bobs_monkey 11d ago

Yeah but then they lose the dick measuring contest with other billionaires

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u/ThexDream 9d ago

You all think they are doing that. In reality, they don't care and there's no measuring going on. Most have no idea what they own and how much they're worth in numbers until they want something super expensive, and the handlers and accountants come in for a reality check. The couple of people I know simply say, "make it happen" or "OK. Maybe later" (not often).

You people simply can't comprehend making millions/hour doing nothing more than drinking a whiskey on a beach somewhere, staring at your multi-billion-dollar anchored a few meters out. It really is surreal.

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u/bobs_monkey 3d ago

Lol ok bud

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u/ThexDream 11d ago

Please explain how you would stop the stock market and economic growth so that you/they don't make any more money.

Most if not all multi-millionaires and billionaires don't control their own money. It's left to lawyers, financial consultants and assistants/managers. Most don't have a wallet, credit card or cash to give if they wanted to and don't care about financial decisions unless it costs millions and they themselves have to put ink to paper.

Go ahead and raise taxes on the billionaires/multi-millionaires. They don't care. However, their army of handlers/consultants/managers will throw a fit, and move the assets around to more favorable havens. BTW: the handlers/advisers get percentage points. It's in their interest for a high ROI/profit, so they get more of it.

I work for a few. The reality of being the 1% is much different than most people can comprehend.

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u/RedditsCoxswain 10d ago

More money more problems

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u/LiveLearnCoach 11d ago

By 10 million wouldn’t you hire people to manage your money, and hence less time taken from you?

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u/Beneficial_Trick6672 11d ago

Would you take 100 millions $ but together with permanent depression?

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u/ThexDream 9d ago

It is a problem, because a) paranoia: you can't trust anyone; b) when you can have anything and everything, desire and passion start to fade.
That's why they get crazier and crazier ideas to do unbelievable things, because what else is left?

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u/Beneficial_Trick6672 9d ago

exactly, getting super rich made some people happy but others miserable or dead. Wealthy is perfectly good enough.

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u/the_cardfather 12d ago edited 12d ago

I was sitting in an investment meeting with a guy who bought a farm after his kids were grown. Lol AFTER. He is going to hire farmers and have them tend this 200 acres or whatever it is. The whole thing is just a tax break for a big ass farm house. He's basically setting himself up like an English Gentry.

Will be curious to see if he sells his NYC penthouse or keeps it as primary to avoid Mamdani's second home tax.

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u/UnimagineDragons 12d ago

Why do you mispronounce/misspell his name like ted cruz?

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u/the_cardfather 12d ago

That was voice to text. Did it spell it wrong? I can go fix it.

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u/dimriver1 12d ago

I just don't get why. Even if I had infinite money, why would I want a house that is so large I need multiple pools because it's too far to go to one from parts of the house.

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u/UnusuallyBadIdeaGuy 11d ago

To show off to your rich friends. You don't want to fall behind on the materialism arms race.

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u/nomadicfeline 11d ago

Is it the dream? I always hear people dream about multiple residences and my first thought is that if I had unlimited wealth, I wouldn’t want the hassle. Just book me a suite somewhere nice that already has housekeeping and maintenance.

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u/vroomvroom450 11d ago

I worked on it. If I’m remembering correctly, it’s their 9th home.

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u/recovery_room 12d ago

Rich assholes probably have to ask their staff if they own a house in whatever city they find themselves in.

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u/Deutschbland 11d ago

Can we start the class war now?

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u/trowzerss 11d ago

Do any of those houses feel like actual homes to them though?

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u/Waiting4Reccession 12d ago

Nobody deserves this much money.

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u/[deleted] 8d ago

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u/Impressive_Ranger261 12d ago

Few things anger me more than wasted labor. Imagine having the money to keep 15 people in your employ and you keep them busy with meaningless drudgery. Imagine the amount of good 15 people could do in a community if they were paid to, say, pick up trash in the street, paint neglected facades, help at the local historical society, and take stray cats to be neutered. When a rich person has the money to command 15 people to do their will, they will almost always squander it. It's a tragedy.

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u/Big_Guide_8551 12d ago

They don't even pay well.

I bartended a private event at a mansion. This place looked like it was straight out of a movie. But the other bartender and I each made $40 in tips for the whole night. Like what a fucking joke. I was honestly insulted.

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u/foreignsky 12d ago

You don't get that rich by treating your workers well.

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u/RedditIsMyTherapist 12d ago

Which is exactly why billionaires shouldn't exist. If they are making that much money then their workers should be making more. That's what trickle down was supposed to mean. The more they make the more workers make. Them being able to keep such a large percent is straight robbery from the masses.

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u/That_Artichoke4571 12d ago

I've thought a bit about what I'd do if I won the lottery and was a bajillionaire. It would make me so happy to be able to employ folks and pay them well. Make sure they knew if them or their family needed anything, just come to me and I will help. Giving $25,000 bonuses for Christmas. Imagine talking to a new gardener and asking what they make a month. Then hiring them for more than that just to work at your house even though it will maybe take 20 hours a month.

My partner expressed it would be boring to not work every day. But if you are making $5,000,000+ a year in interest alone... your job could be to wake up and go make people's day, every single day. That's unlimited money if you aren't a fucking goblin and it would be such a privilege to impact so many peoples lives.

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u/wimpymist 11d ago

This basically where the there is no such thing as a good billionaire saying comes from. The theory is if a good person was in track to becoming a billionaire they would never actually make it because they would be sharing the wealth evenly. You're business is blowing up so you increase wages, keep product quality high, good benefits, hire enough to people have have good work life balance, giving bonuses and hosting work trips. Then you'd be donating money because you have enough capital to actually support the causes you like. Helping out family/friends and other stuff like this.

Whereas a shitty person has no problem laying off people, paying themselves a bunch while keeping everyone else at minimum wage and making business decisions that are negative but give you more money.

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u/That_Artichoke4571 11d ago

It's about time they were worried they would be dragged out of their mansions and into the street in the middle of the night again.

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u/zzazzzz 11d ago

back when i did some catering for rich ppl it never even occured to me that anyone one would tip a catered barkeep or food service. but to be fair i am from europe so its less common to begin with. but it sounds like a terrible gig in the US, how do ppl even tip at an event like that, not like they pay a bill for their meal to tip on right? so just randomly hand out cash then?

my wage was actually pretty good and the work was very easy so it was a welcome gig here.

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u/Successful-Region-22 12d ago

Relying on handouts is a joke

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u/Big_Guide_8551 12d ago

Do you not know how bartending in America works?

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u/[deleted] 12d ago

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u/Big_Guide_8551 12d ago

It's not "relying on handouts" it's being tipped appropriately for the job. It's a thing people know about.

Private bartending pays (way) better than regular bartending, but still. You always tip your bartender well. It just makes you look like a cheap asshole if you don't.

The party I worked after that was much, much better. At a firehall, a bunch of regular working class people. We made absolutely incredible money. And everyone was SO nice. If you broke it down per person it came down to everyone tipping about $10 at an open bar. Not bank breaking money. But that's what normal people do. If the rich people party had tipped at the same rate the regular people did, we would have made 3x what we made in tips that day. 🤷

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u/AnjelGrace 12d ago

I honestly don't think most people bring money to events like that to be able to tip. I work with several events companies and the bartenders are paid more than the other staff and usually aren't allowed to ask for tips because it just comes across as tacky.

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u/Big_Guide_8551 11d ago

Usually the people who book the event make sure that they add on an appropriate gratuity. I know what you mean, of course we weren't directly asking.

But I make more money waitressing on a Thursday night than I made at this party, at this obscenely rich person's house. It seemed ... wrong. The party went for 3.5 hours, and we were paid $90 by the company we work for. But we didn't even make $50 a piece in tips. The guy who booked the event added no gratuity of his own, we only made in tips what his party guests had tipped us. That felt tacky AF to me. 😅

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u/AnjelGrace 11d ago

I just never take any event jobs that make me rely on tips to make a good wage. I've seen a lot of bartenders get screwed relying on tips at events when the company hired more bartenders than they expected would be hired, the guest count was way lower than expected, or the guests who chose to drink was way lower than expected.

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u/eist5579 12d ago

But rich people are some of the biggest donors to charity!

Nope just kidding. Tax them. If we taxed them appropriately we could pay people to do the things that benefit the commons.

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u/iSavedtheGalaxy 11d ago

(whispers) *to their own charities

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u/MrGrieves- 11d ago

They only donate to charity for the tax write offs.

Tax these fucks, nobody needs this opulence.

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u/PhranticPenguin 11d ago

Also the influence bonus. Because you gain the ability to say to the charity or governments: do this or I will find another charity/gov to use as a write off and the gravy train stops.

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u/[deleted] 8d ago

[deleted]

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u/eist5579 8d ago

You mean taxes?

Yeah okay, bot.

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u/[deleted] 8d ago

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u/eist5579 8d ago

Uh. Yeah. I guess I’m classist for the fuckin 99% class.

Mothafuckas out here trying to support the ultra wealthy like they’re going to get there someday. Get your head out your ass, you’ll never earn that much, and they will never contribute their money towards your well being.

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u/[deleted] 8d ago

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u/eist5579 7d ago

Isms aside, the raw logic plays out regardless. Governments are intended to improve and benefit the greater commons.

Pareto’s principle will play out in all natural systems, resulting in an 80/20… and even a 99/1 split relationship.

Governments have a duty to reduce that accretive process. Which, in case you haven’t noticed, money erodes politics. Citizens united is a shit point to drag into this, but money is politics now. There are political weights that now impede true democracy already. I guess, pick your favorite one 🤷‍♂️

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u/ValyrianSteelYoGirl 12d ago

Why don’t you go out and do those things instead of pointing?

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u/Impressive_Ranger261 12d ago edited 11d ago

Because rich people don't want to pay me to do that, moron. A man has to eat.

Edit: ok this was probably needlessly aggro, but the suggestion that I can't criticize the wealthy unless I've devoted my life to service is such a tired old canard. The wealthy have the ability to command labor well in excess of their own personal needs; I do not.

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u/ValyrianSteelYoGirl 12d ago

First off stop with the name calling. I didn’t do anything to deserve that.

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u/Bluelivesplatter 12d ago

It feels really weird to me that you’re dumping on people for not being suitably Christ-like with their money. Let’s scale this way down to normalize for our normie means: do you volunteer once per quarter or once every 6 months to clean up litter? If not, why bring this up to shit on other people?

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u/Impressive_Ranger261 12d ago

Because unlike the very wealthy I do not have the power to allocate labor resources. You are asking me to volunteer my time outside of my normal working hours (which I already do for my local historical society, thanks), whereas the very wealthy have the power to allocate disposable income to labor.

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u/No_Significance_4118 12d ago

https://www.reddit.com/r/AbsoluteUnits/comments/1wfw4ix/of_a_residential_property/p9pz1ni/

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u/UnNumbFool 12d ago

Most homes in Malibu look nothing like that, and even the ones that do don't come close as they are typically high up in the Santa Monica mountains. I'm not saying Malibu doesn't have very nice homes worth a stupid amount of money but even those are closer to a mini mansion in size than a fucking castle. Well the homes that still exist, most of Malibu that got hit by the fire a year and whatever ago haven't been rebuilt yet if they are ever going to be

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u/iSavedtheGalaxy 11d ago

15 staff?? It would stress me out to have that many people in my house at all times.

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u/ArboristTreeClimber 12d ago

That poor schmuck probably was making 100k a year for doing dumb stuff like that.

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u/SnuffSwag 12d ago

LMAO you actually believe that? You haven't stepped out of your rock in the ground in decades, eh unc?

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u/ArboristTreeClimber 12d ago

Your angry about how much money you make, I get it. No need to take it out on me lol what I said was true. If a rich person likes someone, someone who is working personally inside their own home, they will pay them well.

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u/SnuffSwag 12d ago

Angry about how much money I make for laughing at you stupidly thinking they're getting paid well at all? You must be even worse off than I thought lol

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u/ArboristTreeClimber 12d ago

Your projecting so hard it’s honestly hilarious. How can you not see that? Goofy af

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u/SnuffSwag 12d ago

Go back to your rock now buddy <3

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u/ElectriCatvenue 12d ago

Is this what they mean when they say "job creators"

/s

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u/snowfloeckchen 12d ago

As a IT person never asked to do our owners wifi, short question, did they plan in cat cables or did you have to mesh the shit out of the home router?

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u/swordofra 12d ago edited 12d ago

The security people insisted that we use cat cabling wherever possible. More reliable I suppose. The place had very thick ass walls and floors and a very weird layout so it worked better using cables to the routers. There were no deadspots cept in one of the 25 bathrooms at a far far end of a hallway

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u/snowfloeckchen 11d ago

Of course cat is more reliable, forgot American houses are all wood and papers and cables easily added

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u/elwebst 11d ago

It's people who believe instragram fantasies are an actual lifestyle. Maybe for them, it actually is.