Wealthy Southerners

[Anonymous]

Anonymous wrote:First off, dear ones, southerners do not consider Texas to be the South!

If you read the whole thread I think most of the discussion is making a clear distinction between the two.

[Anonymous]

I think it is hilarious how New Yorkers think they are the only ones with money in the US! Haha. There are many billionaires in the South and the lifestyle is much more laish -- b/c things are cheaper! Even Arkansas, some consider the armpit of the world, has many billionaires. but dream on New Yorkers...

[Anonymous]

how does wealth in places like Nashville and New Orleans compare to Texas? And in Nashville is every rich person connected to the music industry?

[Anonymous]

OP, you understand there are plenty of people who go to SMU and UT and aren't wealthy at all, right?

[Anonymous]

Anonymous wrote:There's two different types of "wealthy" in the south: legit, old southern family wealthy, and new "wealth" which is where you make maybe $250k a year but because COL is so cheap down there, you can flash that money around all day long and look "rich."

In either case, southerners are definitely more ostentatious with their money, even the old money crowd. Definitely not the miserly threadbare New England wealthy who take pride in looking shabby and living in rundown houses. That's not how southerners roll. They like to look nice, have pretty homes, and throw damn good parties.

Not true. Many of the old money families have old big but run down houses.

[Anonymous]

Anonymous wrote:Less taxes, regulation and oversight = more wealth. Try it sometime, yanks.

Are you aware of the property taxes in Texas???

[Anonymous]

Southern old money is a far cry from CT hedge fund money. It can mean real $ or making $100k a year while quickly eroding the principal on a not very big fortune.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Interesting thread.

I live in Plano, and I wish so much there was a DFW Urban Moms and Dads

That's an oxymoron. There is nothing "urban" about Plano.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Interesting thread.

I live in Plano, and I wish so much there was a DFW Urban Moms and Dads

That's an oxymoron. There is nothing "urban" about Plano.

Umm, there's plenty of people from Rockville, Potomac, McLean, Great Falls, etc. posting on here...those are hardly urban, either...

[Anonymous]

Anonymous wrote:

Anonymous wrote:There's two different types of "wealthy" in the south: legit, old southern family wealthy, and new "wealth" which is where you make maybe $250k a year but because COL is so cheap down there, you can flash that money around all day long and look "rich."

In either case, southerners are definitely more ostentatious with their money, even the old money crowd. Definitely not the miserly threadbare New England wealthy who take pride in looking shabby and living in rundown houses. That's not how southerners roll. They like to look nice, have pretty homes, and throw damn good parties.

Not true. Many of the old money families have old big but run down houses.

False. The old southern families who have a name but no money might and can get away with it because of their name. But the people with money do not value shabbiness the way NE old money does. If the house is in disrepair it's because there's no money to back up that good southern name anymore.

[Anonymous]

Anonymous wrote:There's two different types of "wealthy" in the south: legit, old southern family wealthy, and new "wealth" which is where you make maybe $250k a year but because COL is so cheap down there, you can flash that money around all day long and look "rich."

In either case, southerners are definitely more ostentatious with their money, even the old money crowd. Definitely not the miserly threadbare New England wealthy who take pride in looking shabby and living in rundown houses. That's not how southerners roll. They like to look nice, have pretty homes, and throw damn good parties.

So true! And I come from the old money set. So prefer the Texas way!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:There's two different types of "wealthy" in the south: legit, old southern family wealthy, and new "wealth" which is where you make maybe $250k a year but because COL is so cheap down there, you can flash that money around all day long and look "rich."

In either case, southerners are definitely more ostentatious with their money, even the old money crowd. Definitely not the miserly threadbare New England wealthy who take pride in looking shabby and living in rundown houses. That's not how southerners roll. They like to look nice, have pretty homes, and throw damn good parties.

Not true. Many of the old money families have old big but run down houses.

False. The old southern families who have a name but no money might and can get away with it because of their name. But the people with money do not value shabbiness the way NE old money does. If the house is in disrepair it's because there's no money to back up that good southern name anymore.

My parents are old southern money, have about fifteen million in assets, and have a big old run down house.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:There's two different types of "wealthy" in the south: legit, old southern family wealthy, and new "wealth" which is where you make maybe $250k a year but because COL is so cheap down there, you can flash that money around all day long and look "rich."

In either case, southerners are definitely more ostentatious with their money, even the old money crowd. Definitely not the miserly threadbare New England wealthy who take pride in looking shabby and living in rundown houses. That's not how southerners roll. They like to look nice, have pretty homes, and throw damn good parties.

Not true. Many of the old money families have old big but run down houses.

False. The old southern families who have a name but no money might and can get away with it because of their name. But the people with money do not value shabbiness the way NE old money does. If the house is in disrepair it's because there's no money to back up that good southern name anymore.

My parents are old southern money, have about fifteen million in assets, and have a big old run down house.

But you are right that some old money families have the name and the house but not the money to upkeep it.

[Anonymous]

Anonymous wrote:

Anonymous wrote:
I love this. I have so many stories about dating a dude and then finding out he has an awkwardly large amount of money. It's ludicrous. And none of my east coast pals understand. Must be a Texas private university thing.

For example, my boyfriend was often broke as hell. He lived in an amazing house that he shard with a friend, and drove a range rover, and did tons of blow. But quite often his credit cards would get declined when he went out to eat and I would end up paying, much to his chagrin. He would always pay me back, but it was really awkward (because in Texas, it's standard for the guy to always pay) and kind of emasculating for him. I always just figured he was kind of broke and he told me this whole story about how it was a really old range and I just assumed that his family wasn't wealthy and he lucked into a nice place to stay (maybe his roommate was wealthy and bought the house and let him live rent free? I never asked, but wondered) and he had somehow gotten a range.

ANyway, one day I was bored and decided to google stalk him, and looked his name up.

Welp, he was named after his grandfather, who is a billionaire and owns one of the most expensive (plane/yacht/home- I'm not specifying because I dont want this googleable by the DCUM sleuths) in the world.

It was such a weird feeling. And such an "only at Texas private school" thing. Of course, most of his money was squandered on blow, but it's just funny. Even the people you think are broke turn out to be loaded.

Do you know this phrase, "humblebrag"?

I bet you are the friend your friends reluctantly invite along, because if they have to listen to one more story about the superiority of Texas...

I really enjoyed her stories. You sound bitter.

[Anonymous]

Anonymous wrote:First off, dear ones, southerners do not consider Texas to be the South!

Well, Texans absolutely do consider themselves to be Southerners because we are...politically, geographically and socially.