Reply to Anyone spend less money because they don’t want to “look rich”?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]
  :roll:

We are also first Gen immigrants. We have changed homes and neighborhoods six times since we got married. Started in a studio apartment, now in a 10,000+ sqft home. We chose our life for us, not for others. Some friends have stayed with us, some have dropped off. True friendship are those that are maintained by both sides, not the ones we have to keep by holding ourselves back. What's more important is that we have made new friends. My kids are US-born. What's important for them is that they melt into the American culture and understand the importance of building a good social and professional network. We work hard for what we earn, and I don't feel at all guilty spending the money I earn on things I enjoy.  To those that do, you only have yourself to blame and I pray that your children are (edit: not) permanently harmed by the same poison. [/quote]

Yup. Immigrants use the large homes as a status symbol.  The telltale sign is a shabby, unkept yard, old cars, and zero landscape. On the inside, no furniture or in some cases plastic lawn furniture (not making this up as I have an immigrant friend like this whom I visited sometime back). There was also a bare twin mattress on the floor in the main level guest bedroom - no bed frame.  This family had been in this large home for st least 10 years so this was not a situation where they just moved in.  Clearly this family was trying to just “look rich”.  [/quote]

Geez, *that*'s your reaction? Sour grapes?

The type of home you described does exist among first-generation Asian Immigrants. Some of them are owned by older people who want to put their money into a safe place like real estate but don't really have any desire to decorate their home. It's simply a way for them to preserve their wealth. They are not doing it to look rich to others.  The second type are younger rich people from Asia buying and holding real estate in the US to park their money. The homes stay empty or only partially furnished. Sometimes they would have a wife, girlfriend, or nanny living there taking care of a child. This type of home is becoming rarer these past due years due to stricter Chinese capital outflow regulations. That said, these types of large but unmaintained/unfurnished homes are the exception rather than the rule among immigrants. McLean has a large number of immigrants and all of the ones I've visited have been quite well furnished. I may not agree with all the decorating tastes, but they were certainly not bare or under furnished. [/quote]

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