4 ms·
Lots of wall street people rent. Renting is actually a good experience if you're rich and nothing is for sale in Manhattan anyway so there's not much of a choic
by Vt71fcAqt7 4y ago
Lots of wall street people rent. Renting is actually a good experience if you're rich and nothing is for sale in Manhattan anyway so there's not much of a choice.
- bin_bash 4y agoI think Barron's is probably more targeted to people that actually work on Wall Street. I suspect Manhattan finance people make up <1% of the people that subscribe to WSJ.
- em500 4y agoYup. The main attraction of buying/owning vs renting is reduction of risk/uncertainty. If you're rich (>double-digit million net worth) and not stupid (hold your entire net worth in crypto coins), you don't have to care about uncertainly. With 10M net worth, you can get a few 10k from just interests or dividends, so you can rent something pretty nice anywhere in the world on a whim.
- goodpoint 4y agoAlso because of tax reasons I guess. But that demographic does not care very much about lowering rents.