Puri: A home is the only material luxury worth splurging on
Shaan Puri · When to Go All In on an Idea & the Crypto Exchange That Could Have Been | My First Million #200 · Jul 14, 2021 · at 11:03
Shaan Puri and Sam Parr discuss whether ultra-wealthy individuals should buy luxury assets and massive compounds.
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“A yacht or like cars, those are like low use, high maintenance, whereas a house is like tremendously high use and actually quite low maintenance for most homes, because for, you know, they have a cleaning staff, they have like people that can come take care of stuff. And yeah, there's bills. I'm not saying there's no bills. I guess what I'm saying is it's not like a car where you're worried about it getting scratched when it goes out, when you go park it anywhere and you're driving anywhere. And most of the time it's just sitting idle, unused in a garage. With a tarp on top. In this case for a house, you're constantly in it. You're constantly using it, especially if you have a big family. So I would say house is the one area where I would splurge almost every other material possession, like fancy clothes, cars. It just doesn't make sense to me.”
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