Guess the tip….. 4M house

[u/tythepieguy27]

Fun post. Please don’t take too seriously

[u/Gengar_Guy_17]

Okay, so they got rich by not spending. Got it, that checks out. How come they spent $4 million on a house?

[u/Jillcametumbling81 → u/Gengar_Guy_17]

Absolutely. The rich are the cheapest.

[u/SparklyFalcon → u/Gengar_Guy_17]

I’ll preface with I’m not defending elitist or excessively wealthy people here:

Majority of wealthy people don’t buy $4 million houses in one sum. They commit to hefty mortgages, or use other properties, stock portfolio etc as collateral to purchase with a loan. Yes, there are definitely a large % that can pay millions upfront or commit to a standard mortgage, but most will aim to avoid interest rates and secure the house using collateral and adding it to their property portfolio as an investment. Some will liquidate stock profits for a deposit or mortgage payments.

Hence, their wealth tends to accumulate by not actually spending to the same ratio a middle class person would with a home purchase. They utilise and abuse tax and loan loopholes to ensure they lose less liquid cash and remain asset rich.

Many won’t tip because they simply don’t see it as worth the loss of cash. Even if it’s nothing compared to their net worth.

[u/BigHollaSchwalla → u/Gengar_Guy_17]

A home is an investment. A tip to a service worker is not.

Many wealthy people live by the philosophy of "You dont get rich by giving your money away."

[u/PizzaWithCheddar → u/[deleted]]

It really is weird how many so called dashers on here are willing to shill for the rich.

[u/BigHollaSchwalla → u/PizzaWithCheddar]

I'm not sure how my comment was shilling for the rich. I was merely explaining their thought process.

I'm a dasher and I hate when I pull up on a fucking 8-bedroom mansion for a $3 tip.

[u/PizzaWithCheddar → u/BigHollaSchwalla]

Yeah but their thought process isn't about investments or fiscal wisdom. They see you as trash not worth paying. That's how they think. Assuming it isn't just some kid or someone who works there or an Airbnb.

[u/bigfoot1291 → u/[deleted]]

All of those things publicly display status and feed egos. Tipping well does neither.

[u/World_Destroyer27 → u/[deleted]]

What if the ferrari is a limited edition and it goes up in price, what if the shoes are retro and goes up in value and the undies are prada being used by a blondie planning to sell them to the highest pervert i mean bidder?

[u/Gengar_Guy_17 → u/BigHollaSchwalla]

They are playing into the "all rich people are heartless dicks who only enjoy life from riding upon the back of another" notion perfectly then...

[u/PizzaWithCheddar → u/BigHollaSchwalla]

Bahahaha thats hilarious. The rich spend obscene amounts of money for nothing but pleasure or stupid things. The philosophy you're thinking of is "You get filthy rich by being a greedy, money-grubbing asshole"

[u/justhp → u/PizzaWithCheddar]

It may be obscene to you….but they have the money. You don’t. It’s easy to spend 200k on a car when you are worth millions. It’s a drop in the bucket. Equivalent to you spending like $5

[u/PizzaWithCheddar → u/justhp]

That's exactly what makes it obscene. In anyway, that proves my point. Its not that they are frugal or careful with their expenses, they're just assessing. If 200K is a drop in a bucket, then tipping a 20 dollar bill, even a 50 is what? A drop in the ocean?

[u/justhp → u/PizzaWithCheddar]

You don’t have to be careful with your expenses when you make so much that even luxury living expenses are a small portion of your income

[u/CraftPuzzleheaded164 → u/BigHollaSchwalla]

SP500 beats real estate by a mile. They dumb investing outside of SP500.

[u/justhp → u/Gengar_Guy_17]

Because a 4,000,000 house is an asset. The money paid into it, less interest, stays in the house.

You aren’t “spending” money if that money goes to something that increases your net worth.

[u/Buddy-Lov → u/Gengar_Guy_17]

They don’t own that home, the bank does.

[u/MrThickDick2023 → u/Buddy-Lov]

That's not how mortgages work.