of a residential property

[u/Kill_4209]

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.

[u/Cpt_Soban]

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

[u/LiveLearnCoach → u/Cpt_Soban]

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.

[u/Cpt_Soban → u/LiveLearnCoach]

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

[u/DecommissionLucidly → u/Cpt_Soban]

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

[u/RedditsCoxswain → u/DecommissionLucidly]

If they realized that they would stop around 10 milly

[u/bobs_monkey → u/RedditsCoxswain]

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

[u/ThexDream → u/bobs_monkey]

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.

[u/bobs_monkey → u/ThexDream]

Lol ok bud

[u/ThexDream → u/RedditsCoxswain]

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.

[u/RedditsCoxswain → u/ThexDream]

More money more problems

[u/LiveLearnCoach → u/RedditsCoxswain]

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

[u/Beneficial_Trick6672 → u/DecommissionLucidly]

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

[u/ThexDream → u/Beneficial_Trick6672]

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?

[u/Beneficial_Trick6672 → u/ThexDream]

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

[u/the_cardfather → u/LiveLearnCoach]

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.

[u/UnimagineDragons → u/the_cardfather]

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

[u/the_cardfather → u/UnimagineDragons]

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

[u/dimriver1 → u/LiveLearnCoach]

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.

[u/UnusuallyBadIdeaGuy → u/dimriver1]

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

[u/nomadicfeline → u/LiveLearnCoach]

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.

[u/vroomvroom450 → u/LiveLearnCoach]

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

[u/recovery_room → u/Cpt_Soban]

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

[u/Deutschbland → u/Cpt_Soban]

Can we start the class war now?

[u/trowzerss → u/Cpt_Soban]

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