24,000sq feet house wow!! Hard to imagine! But yes I would want this level of house as a family house… (if I had the means to maintain it) the maintenance sounds reasonable, if you can afford a house manager it would make it easier to manage 😊
Great Pod Sam! Would love to hear from someone who owns, lives on and maintains a free hold private island! Looking at you James Jannard of Oakley Sunglasses 😎
Supply demand... In areas of the country where there are fewer of these houses, so the cost goes up, ie $600 per sq ft. In places with more big houses, $250 per sqft is more than enough.
One reason to have a big house (let's say 6-7000, 20K is ridiculous in all scenarios), is that all other things considered it's an appreciating asset and tangible diversification of your portfolio. Let's say you want 15% of your portfolio in real estate, I much prefer a house then to spend it in some real estate fund, or some commercial property that takes up headspace. So as long as you are within your budget, the house is not ridiculous big for you (let's say you can only be unsure what to do with one extra bedroom), the house/location itself is appreciating well, why not, worst case you sell it again in a few years.
This is an excellent thought experiment. Right now my home is a postage stamp compared to Hank’s. At the moment we have one child and in-law's that I consider when I think of our next home. An in-law apartment or “guest” house is important to us for aging relatives or potential to help our children get on their feet as adults without having them still in the home.
before: i DO NOT want to live in a large house. after: i still DO NOT want to live in a large house. in a large house, i'd just get overwhelmed by all rooms etc. i want to be able to keep in check of my environment, so smaller house is way better. dream house is a custom built house in central tokyo, i think. maybe a large apartment would work as well, as i do like apartments.
Grew up in a 2500sq/ft house until 15 yrs old. Then from 15-18 7200sq/ft house. Growing up in these homes, only made me more ambitious as an adult. I'm level headed, grounded, and have friends from all economic backgrounds. Love em all the same. As an adult I have lived by myself in everything from 1000sq/ft to 8000sq/ft. At some point I'll build a 20,000+ sq/ft but not until married with a fam.
This is such an unusual podcast. I don't get it. The audience for this pod is like 10,000 people in the united states. people with a net worth over 10M and are looking to buy a house?
Alright so what's your answer...do you want a 20,000+ house? Thanks for listening! -sam
Fuck yeah $10k per month is so okay
Building his dream house and life, love it
Love this info! Minus the background music.. & sound effects !!
24,000sq feet house wow!! Hard to imagine! But yes I would want this level of house as a family house… (if I had the means to maintain it) the maintenance sounds reasonable, if you can afford a house manager it would make it easier to manage 😊
Boy, MFM & Moneywise on the same day
Sam you're spoiling us😆
This was such a fun episode
So excited to see another episode 🎉
Great Pod Sam! Would love to hear from someone who owns, lives on and maintains a free hold private island! Looking at you James Jannard of Oakley Sunglasses 😎
Supply demand... In areas of the country where there are fewer of these houses, so the cost goes up, ie $600 per sq ft.
In places with more big houses, $250 per sqft is more than enough.
One reason to have a big house (let's say 6-7000, 20K is ridiculous in all scenarios), is that all other things considered it's an appreciating asset and tangible diversification of your portfolio. Let's say you want 15% of your portfolio in real estate, I much prefer a house then to spend it in some real estate fund, or some commercial property that takes up headspace. So as long as you are within your budget, the house is not ridiculous big for you (let's say you can only be unsure what to do with one extra bedroom), the house/location itself is appreciating well, why not, worst case you sell it again in a few years.
This is an excellent thought experiment. Right now my home is a postage stamp compared to Hank’s. At the moment we have one child and in-law's that I consider when I think of our next home. An in-law apartment or “guest” house is important to us for aging relatives or potential to help our children get on their feet as adults without having them still in the home.
Keep it up! 💪
wow
before: i DO NOT want to live in a large house.
after: i still DO NOT want to live in a large house.
in a large house, i'd just get overwhelmed by all rooms etc.
i want to be able to keep in check of my environment, so smaller house is way better.
dream house is a custom built house in central tokyo, i think.
maybe a large apartment would work as well, as i do like apartments.
Secret Tunnellllllll
Grew up in a 2500sq/ft house until 15 yrs old. Then from 15-18 7200sq/ft house. Growing up in these homes, only made me more ambitious as an adult. I'm level headed, grounded, and have friends from all economic backgrounds. Love em all the same.
As an adult I have lived by myself in everything from 1000sq/ft to 8000sq/ft. At some point I'll build a 20,000+ sq/ft but not until married with a fam.
Good content. Cut the sound effects and music pls. Organic is better
Buy Mega Mansions to leave them Empty
Listened to a bit…. Went away …. Came back
The entire time I’ve had the ‘secret tunnel song’ as the backing track to my thoughts
Makes me think of Shaan’s rule for home size: total number of rooms equals the total number of humans living there plus 2.
25:40 being wealthy is awesome, being famous is not
This is such an unusual podcast. I don't get it. The audience for this pod is like 10,000 people in the united states. people with a net worth over 10M and are looking to buy a house?
Yes! Very small target market!
@@moneywisebyhampton make it a group chat bro