I’d rather take several really nice vacations with that.
Or buy half a house cause in my economy, that kind of money is the down payment, not a mortgage payment.
About 30 years ago, a real estate developer friend of mine came back from a trip to Europe, and his wife showed me her beautiful $3,000 purse that they got there. Afterward I told him, “Geeze. You could have gotten a nice home theater for that much!” His response was that it was worth it because she really liked the purse.
It took me years to understand, and I finally found a way to explain it to people:
For the very rich, look at the price of all items you can buy and remove two or three zeroes from the price. So a $3,000 purse becomes $3 or $30.
So, would you rather have a true and rare designer purse for $3, or an off the shelf purse for three cents?
That’s what’s happening here.
I have 81K left on my mortgage. I’d love to have the kind of money these people do to drop it on a short lived gimmick.