3 ms·
> I suppose expectations scale up with means. Isn't that social pressure? No matter how much you start with, if you end up with less than that, people see you
by golergka 6y ago
> I suppose expectations scale up with means.
Isn't that social pressure? No matter how much you start with, if you end up with less than that, people see you as a failure. A person who inherits 10 million dollars and is afraid of going down to 1 million isn't as much afraid of selling his yacht as he's afraid of what his peers would think of him.
- rrdharan 6y agoI know it doesn’t matter much but just to ground these numbers a bit - anyone owning or trying to own a yacht with “only” $10M is indeed heading towards $1M very quick.
- throwaway0a5e 6y agoUpper middle class know-it-alls sneer at the bad financial decisions of the guy living in the double wide with a brand new corvette in the driveway while the lower middle class looks up to his efficiency and prioritization. A yacht is the same thing with the decimal moved a couple places. If your income is fat enough to give you 10m in the bank then you can definitely own a yacht so long as you don't mind living in the kind of neighborhood where your neighbors are plumbers instead of surgeons.
- leetcrew 6y agoyes, but only in a rough sense. the ratio of maintenance cost to purchase price is much higher for a yacht (or really any boat) than for a mass produced car like a corvette. if you can afford to buy/finance a corvette, you can usually afford to drive it too. the same is not true for any boat larger than a canoe. there is a reason for the old joke about a boat being merely "a hole in the water that you throw money into".
- rrdharan 6y agoThere is a distinction between a yacht (generally > 35 feet, needs a full crew) and just a boat: https://www.tessllc.us/whats-the-difference-between-a-yacht-and-a-boat/ https://www.tessllc.us/whats-the-difference-between-a-yacht-...