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My grandfather rode a camel, my father rode a camel, I drive a Mercedes, my son drives a Land Rover, his son will drive a Land Rover, but his son will ride a ca
by baskethead 5y ago
My grandfather rode a camel, my father rode a camel, I drive a Mercedes, my son drives a Land Rover, his son will drive a Land Rover, but his son will ride a camel.
- danrocks 5y agoThe camel would be an upgrade to the Land Rover, though.
- steveBK123 5y agoSounds about right. Anyone who has lived in coastal cities and been exposed to the trust fund class would understand. :-) America, and especially expensive coastal cities have entire industries available to consume the wealth of failsons quite quickly. I lived next to the youngest kid of a guy who had made his bucks in early Silicon Valley days & died worth $10Ms~100Ms. Unsurprisingly, the father had come from 2 generations of fairly successful local industrialists, so had both the freedom to pursue many years of education and the capital to invest in his ideas. He married 3-4 times, so first there was distributions to each of the wives. Then there were ~10 kids/stepkids, ~5 grandkids. He was well known enough to have a Wikipedia entry & NYTimes obituary. Anyway, the kid didn't graduate from college, bought a few million of NYC real estate in cash, some of which he paid to renovate and try to flip, all of which he eventually sold for less than his purchase price (plus transaction cost and renovation losses).. in a bull market. Finally last I checked he was "investing" in film productions. For a while before he sold his place next to me, he had a "personal assistant" and various C-list artists squatting in his apartment while he lived elsewhere. Mostly his social media posts were filled with him flying on private jets, partying in famous exclusive resorts/hotels, and hanging out with familiar sounding failsons of 90s-00s actors.
- deleted 5y ago[deleted]