The costs after the purchase of a large property in California (property taxes, utilities, maintenance) are not trivial.
I’m sure North Korea has some beautiful spots in it too, but I sure don’t want to live there.
The average property tax rate in LA County is .82%, so property taxes on the new crib are $400K a year, more or less. I agree with the other commenters on these real estate purchases: A fool and his money are soon parted
https://smartasset.com/taxes/california-property-tax-calculator#LD6x4lid4a
I have listened to the sorts of lives that have followed huge lottery wins and truthfully, I’m not sure I would like what comes with that kind of money.
People from everywhere are constantly asking for money. Friends. Family. Strangers. And it’s constant. Keeping your current friend circle would be extremely challenging to impossible. That’s from a friend of mine who’s best friend came into $20 million. They slowly started hanging out less and less because his friend didn’t have to work anymore and my friend did. His circle of friends slowly changed and they fell out of contact.
Everything changes with this sort of money. A lot of it seems very very tiring.