HHI and what you spend on furniture?

[Anonymous]

Anonymous wrote:

But we don't consider ourselves wealthy - not Sotheby's wealthy at least.

OP, your HHI is 470k. You are 36k away from being a 1% er--and you don't consider yourself wealthy? I never cease to be amazed at how many incredibly wealthy, privileged people here simply don't feel wealthy. Perhaps because the biggest growth in income disparity over the last 20 years is not ONLY the top 1 percent and the rest, but also between the top one tenth of one percent and the rest of the one per centers.

$500k around doesn't go that far around here if you are savers, not spenders. Certainly not Sotheby's wealthy.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:$500k and we spend as little as possible.

Some ikea, some C&B, some local craftsman.

This is us. I have moved too many rich relatives (actually, helped them consolidate) to know that in the end (literally), furniture is not a priority. Once you have to deal with estate sales, or significant family losses, it all falls into proper perspective. It seems like the ones who have to have this, or have to have that, are usually trying to overcompensate for growing up poor, or a far worse situation. With all of our money, furniture is definitely NOT considered a wise "investment".

Nice try at analysis Dr Freud. Many wealthy people (especially those with multi generational wealth)
have quality art and furniture that they hand down or send to Sotheby's when they downsize or pass. Some of us like nice surroundings an furnishings.

HUH??!!

Were you there when we moved an have had estate sales????? Funny, I don't recall seeing you there

Wow. Weird posters on this site. Some people do not define their wealth by their belongings. We happen to live in a big, new house (does the get your goat, too??) but drive old cars and have furniture that looks pricey but is not. Priorities, people.

Wow.

I don't care what you do. Your post was the judgmental one that said people who do spend on furniture are trying to over compensate. I think you have the issues. Drive whatever you want, doesn't affect me at all, I'm also not the one making ridiculous blanket statements.

[Anonymous]

Anonymous wrote:

But we don't consider ourselves wealthy - not Sotheby's wealthy at least.

OP, your HHI is 470k. You are 36k away from being a 1% er--and you don't consider yourself wealthy? I never cease to be amazed at how many incredibly wealthy, privileged people here simply don't feel wealthy. Perhaps because the biggest growth in income disparity over the last 20 years is not ONLY the top 1 percent and the rest, but also between the top one tenth of one percent and the rest of the one per centers.

Income is not wealth.

[Anonymous]

We got lots of great stuff off CL that looks amazing but we don't really use that often (DR, LR). I love walking by those areas and seeing how nice they look and knowing how little we spent on them! It depends though on if you have time to look through the listings. Then we spent the big bucks on the areas we use daily, especially the comfy family room seating. IKEA really doesn't last long enough for it to be worth it, so we have some of their shelves in the basement for kids' toys but that's it.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:$500k and we spend as little as possible.

Some ikea, some C&B, some local craftsman.

This is us. I have moved too many rich relatives (actually, helped them consolidate) to know that in the end (literally), furniture is not a priority. Once you have to deal with estate sales, or significant family losses, it all falls into proper perspective. It seems like the ones who have to have this, or have to have that, are usually trying to overcompensate for growing up poor, or a far worse situation. With all of our money, furniture is definitely NOT considered a wise "investment".

Nice try at analysis Dr Freud. Many wealthy people (especially those with multi generational wealth)
have quality art and furniture that they hand down or send to Sotheby's when they downsize or pass. Some of us like nice surroundings an furnishings.

HUH??!!

Were you there when we moved an have had estate sales????? Funny, I don't recall seeing you there

Wow. Weird posters on this site. Some people do not define their wealth by their belongings. We happen to live in a big, new house (does the get your goat, too??) but drive old cars and have furniture that looks pricey but is not. Priorities, people.

Wow.

I don't care what you do. Your post was the judgmental one that said people who do spend on furniture are trying to over compensate. I think you have the issues. Drive whatever you want, doesn't affect me at all, I'm also not the one making ridiculous blanket statements.

As PP mentioned, income is NOT wealth, dumbass.

[Anonymous]

I love how people here try to spend others pennies. Then wonder why they have none. Hilarious!

[Anonymous]

200k and we hold on to furniture I bought 13 years ago (sofa, coffee table, bedroom set, dining table) and everything else we buy from ikea for the most part. We have little ones and do not want expensive stuff to suffer wear and tear, and do not want to be policing the kids all the time.

[Anonymous]

bump

[Anonymous]

HHI $250k - we sparingly buy new pieces as needed and also accept hand me downs from my ILs who are downsizing. We mostly shop at Room and Board. I just spent $1500 on a nursery glider and ottoman - but I bought a crib from IKEA.

We spent $2k on a beautiful, large dresser - but have a hand me down couch that I "updated" by having new down seat pillows made and a custom slip cover. We buy high quality, simple and neutral styles and dress them up with throws and pillows. I buy things I plan to keep forever.

[Anonymous]

Anonymous wrote:200k and we hold on to furniture I bought 13 years ago (sofa, coffee table, bedroom set, dining table) and everything else we buy from ikea for the most part. We have little ones and do not want expensive stuff to suffer wear and tear, and do not want to be policing the kids all the time.

This is us, exactly.

[Anonymous]

HHI around $650k but net worth is low 8 figures. We probably have $500k in furnishings (hard/soft), we have art and objets d'art insured at $4 million. About 1/4 of that was inherited.