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

[Anonymous]

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.

[Anonymous]

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

[Anonymous]

Is a weekend home the #1 indicator of wealth? I don't think so. I know people who can afford one and don't have one, but others who make much less money and have a weekend home.
So...no.

[Anonymous]

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’?”"

[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’?”"

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

[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’?”"

Urgh. This is disgusting:

On the Upper East Side, not only are the kids themselves status symbols, they also give mothers the opportunity to preen in front of one another and to forge their own identities, Martin writes in "Primates."

... in a highly competitive culture, 'successful' offspring are status objects — and mirrors," she writes. "Promoting them, working assiduously on their behalf, is a vocation. Being a mommy here is a cutthroat, high-stakes career, stressful and anxiety-producing precisely because it is ours alone to fail at, leading to the success of failure of our offspring. And ourselves.

...

This explained why Upper East Side mothers all wore tiny medallions engraved with their children's initials around their necks. And stacking rings, one for each child, on their fingers.

[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’?”"

LOL, so glad we have Tina to see through the BS and poke the rich with a stick. Unfortunately, her child will never know her middle-class perspective.

[Anonymous]

That and having four kids.

[Anonymous]

Anonymous wrote:That and having four kids.

^^^^oops, guess I'm late to the party!

[Anonymous]

Four is the new three. What's another one when you can just pawn them off on some nanny?

[Anonymous]

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.

[Anonymous]

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.

[Anonymous]

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.

You know AirBnB, VRBO, and Homeaway are a thing, right?

I'm not even upper middle class and I never have to be "stuck in town" if I don't want to. Best part is I am also not stuck with a money sink of a second home that only gets used a few times a year.

No wait, the best part is that I will probably never have to meet someone like you in real life, but the not having a big expensive empty house is the second best part for sure.

[Anonymous]

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.

[Anonymous]

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.