Does it seem like the #1 signal of wealth is a summer/weekend home?

[Anonymous]

Anonymous wrote:

Anonymous wrote:Ugh, who would want to go to FLORIDA in the summer!

I have been several times. The ocean cools you off. Duh.

I would get way more use out of a home in Florida than one in Maine.

Same here. Ocean in New England is too cold even in the summer.

[Anonymous]

Anonymous wrote:

Anonymous wrote:no - the #1 signal of wealth is 3-4 kids while living in a tier 'a' city and sending them all the privates.

http://www.businessinsider.com/the-ultimate-status-symbol-is-a-big-family-2015-5

As tina fey said:

"I thought that raising an only child would be the norm in New York, but I’m pretty sure my daughter is the only child in her class without a sibling. All over Manhattan, large families have become a status symbol. Four beautiful children named after kings and pieces of fruit are a way of saying, “I can afford a four-bedroom apartment and a hundred and fifty thousand dollars in elementary-school tuition fees each year. How you livin’?”"

In my experience, 99% of the time that signals a significant estate via the grandparents or parents, not independent wealth.

+1 People with weekend/country homes that I know are typically white and far from the immigrant experience and have had a "place by the shore" left to them by dear old Gramps.
"

[Anonymous]

Anonymous wrote:

Anonymous wrote:Ugh, who would want to go to FLORIDA in the summer!

I have been several times. The ocean cools you off. Duh.

I would get way more use out of a home in Florida than one in Maine.

I guess we're opposites - I'd happily spend tons of time vacationing in Maine. I don't really ever want to be in Florida.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Ugh, who would want to go to FLORIDA in the summer!

I have been several times. The ocean cools you off. Duh.

I would get way more use out of a home in Florida than one in Maine.

I guess we're opposites - I'd happily spend tons of time vacationing in Maine. I don't really ever want to be in Florida.

I find the water freezing in maine, even in the summer. but what a shocker--people have different preferences.

[Anonymous]

Anonymous wrote:A very rich person once told me that the key to wealth is one house and one wife. It made me laugh, but probably true.

doesn't answer your question, but I agree with a previous PP that you can probably swing a second home without being all that rich, especially if you can rent it out a lot of the time.

Yes, that's an old saying: "One house, one spouse" is the key to wealth.

[Anonymous]

I grew up with second homes and chose not to have one. Even with FT help its a lot of extra work. We have the same rental every summer and it feels like ours, but we're not weighed down with maintenance or tax decisions.

[Anonymous]

Anonymous wrote:A very rich person once told me that the key to wealth is one house and one wife. It made me laugh, but probably true.

doesn't answer your question, but I agree with a previous PP that you can probably swing a second home without being all that rich, especially if you can rent it out a lot of the time.

Yep, "one house, one spouse."

We are not "rich" but vacation a lot and could afford a 2nd home of we rented it some. But I don't want the responsibility or the monotony of a vacation home. We like to explore.

[Anonymous]

Anonymous wrote:no - the #1 signal of wealth is 3-4 kids while living in a tier 'a' city and sending them all the privates.

http://www.businessinsider.com/the-ultimate-status-symbol-is-a-big-family-2015-5

As tina fey said:

"I thought that raising an only child would be the norm in New York, but I’m pretty sure my daughter is the only child in her class without a sibling. All over Manhattan, large families have become a status symbol. Four beautiful children named after kings and pieces of fruit are a way of saying, “I can afford a four-bedroom apartment and a hundred and fifty thousand dollars in elementary-school tuition fees each year. How you livin’?”"

children not child. she has two.

[Anonymous]

Anonymous wrote:

Anonymous wrote:A very rich person once told me that the key to wealth is one house and one wife. It made me laugh, but probably true.

doesn't answer your question, but I agree with a previous PP that you can probably swing a second home without being all that rich, especially if you can rent it out a lot of the time.

Yes, that's an old saying: "One house, one spouse" is the key to wealth.

+1 Worked for us!

[Anonymous]

Anonymous wrote:

Anonymous wrote:no - the #1 signal of wealth is 3-4 kids while living in a tier 'a' city and sending them all the privates.

http://www.businessinsider.com/the-ultimate-status-symbol-is-a-big-family-2015-5

As tina fey said:

"I thought that raising an only child would be the norm in New York, but I’m pretty sure my daughter is the only child in her class without a sibling. All over Manhattan, large families have become a status symbol. Four beautiful children named after kings and pieces of fruit are a way of saying, “I can afford a four-bedroom apartment and a hundred and fifty thousand dollars in elementary-school tuition fees each year. How you livin’?”"

children not child. she has two.

Hypocrite!

[Anonymous]

Why would you be interested in "signaling" wealth? I just can't imagine being concerned with that.

[Anonymous]

Anonymous wrote:

Anonymous wrote:A very rich person once told me that the key to wealth is one house and one wife. It made me laugh, but probably true.

doesn't answer your question, but I agree with a previous PP that you can probably swing a second home without being all that rich, especially if you can rent it out a lot of the time.

Yes, that's an old saying: "One house, one spouse" is the key to wealth.

We have wealthy friends with a vacation house, and they let us use it all the time. We restock whatever's low in the liquor cabinet and pay for the cleaners. Maybe we're not signaling wealth, but we're pretty happy with the arrangement!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:With Memorial Day approaching, it seems everyone that has money is off to the coast, maybe Florida, or up to Maine, etc. The UMC pretenders seem to rely on invitations to join, or else they're stuck in town.

Haha, op, it must be miserable being you.

Seriously!

And just an FYI, OP, the truly wealthy people are not the ones who drive fancy cars and have vacation homes.

What is truly wealthy to you? I grew up in Middleburg, VA with extreme wealth, running in the same circles as the Mars family and Mellon family. Having multiple homes was the norm and no one was driving a Chevy. We showed horses more expensive than what i bet you consider a "fancy car". The truly wealthy are not pinchung pennies with their multiple homes and cars. My parents still are alive and last month just returned from their ranch in Texas where they basically stay most of the winter.

[Anonymous]

Not everyone- We will be hanging out on soccer fields...

[Anonymous]

Anonymous wrote:A very rich person once told me that the key to wealth is one house and one wife. It made me laugh, but probably true.

doesn't answer your question, but I agree with a previous PP that you can probably swing a second home without being all that rich, especially if you can rent it out a lot of the time.

Haha I love that! Can't believe I've never heard it before.