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I'm a regular reader of high-end real estate blogs, so frequently see these types of purchases. I don't begrudge anyone for being wealthy (so far they made mone
by boeingUH60 4y ago
I'm a regular reader of high-end real estate blogs, so frequently see these types of purchases. I don't begrudge anyone for being wealthy (so far they made money legally and "ethically"), but I like imagining what I could alternatively do with such sums.
For example, look at this beautiful school campus in Russia - https://archive.ph/z5x01/26aa0da221582b152ab472fafafe811a483bac91.jpg https://archive.ph/z5x01/26aa0da221582b152ab472fafafe811a483.... It was built at cost of $80 million [1].
But, somewhere across the world, someone spends way more than that on an individual home. It gets more real than that...Marc Andreessen (also a major Coinbase shareholder) spent $177 million on a Malibu manse, dropped $45 million on a second one, and $34 million on a third one [2]...Jeez
1- https://archive.ph/z5x01 https://archive.ph/z5x01
2 - https://www.dirt.com/gallery/moguls/tech/marc-andreessen-house-paradise-cove-malibu-1203478595/ https://www.dirt.com/gallery/moguls/tech/marc-andreessen-hou...
- naveen99 4y agoThere is no limit to the spend 10-30% on your home rule of thumb of portfolio allocations I guess. Your home has some features of self custody that bitcoin enthusiasts would appreciate. some people even buy islands in Hawaii as homes.