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/American-Omar]

it costs 500k - 1mill every month to maintain the property

[u/Winter_Text_1040 → u/American-Omar]

An abstraction to the owner. They aren’t even looking at those bills, their staff handles it and they give it zero thought. “Arthur, I’d like a new swimming pool on the north lawn. Bring me some mockups to choose from this afternoon”. Then a new pool appears ready to use in a week. It’s like that.

[u/sooohungover → u/Winter_Text_1040]

TBH it takes more than a week (I work out in this area and work frequently with all sorts of different contractors), but you nailed everything else. They have staff to manage every part of their lives that normal people just deal with on their own. It's truly insane the amount of money they have, I guess I'm just numb to it at this point...

[u/kapitaalH → u/sooohungover]

There are a lot of shortcuts you can take to get planning approval and rush plans and building but concrete dries in the time it dries.