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SoCalMusicLover

(3,194 posts)

3. Pocket Change For The Wealthy

Reply to klook (Reply #1)

Mon Nov 25, 2013, 07:04 PM

Nov 2013

Those at the top have more money than they know what to do with.

When you're at that level, you don't worry about spending money. After all, if they maintained their current lifestyle, they would only have enough money to last them several lifetimes, so might as well try to spend SOME of it, and building a brand new mansion is always a good use of all that dough.

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Highlight:

Pending Sales of U.S. Existing Homes Drop for Fifth Month [View all] Purveyor Nov 2013 OP

Meanwhile, teardowns replaced by $700k McMansions are soaring. (n/t) klook Nov 2013 #1

Pocket Change For The Wealthy SoCalMusicLover Nov 2013 #3

Three houses sold on my block this month CanonRay Nov 2013 #2

My neighborhood is cursed with teardowns. klook Nov 2013 #4

I'm wondering if this stat isn't skewed by the drop off in investment co. buying of forclosures. olddad56 Nov 2013 #5