On Saturday 16 July 2005 02:05 pm, boblq wrote: > On Saturday 16 July 2005 09:55 am, Todd Walton wrote: > > On 7/15/05, boblq <[EMAIL PROTECTED]> wrote: > > > But there is no economic class for which price is truly > > not an issue. > > Not true. Houses tend to top out at $20-30 Million ... There is a class of > people for whom that is pocket change. These people do not worry > about the cost of personal housing. That is not to say they don't have > their agents negotiate they best possible deal, but if they want it > they will pay. These people have other much larger financial issues > to worry about. Houses from say $5 Million up fall into this second class. > > Here is one good example: > http://www.signonsandiego.com/uniontrib/20040826/news_1c26rancho.html
A further comment. For most people their home is the largest single component of their net worth. Typically without that home they would actually be poor. But suppose that your home is say 10% or less of your net worth and that home is worth $10 Million. Then you are worth $100 Million and have bigger financial issues than your home. You are likely to have pretty much what ever kind of home you want. There are a lot of people with that kind of money. They really do not think like you and I :) boblq -- [email protected] http://www.kernel-panic.org/cgi-bin/mailman/listinfo/kplug-list
