Anonymous wrote:

Anonymous wrote:

Anonymous wrote:We’re retired with pensions but probably 6-7M net worth in the Midwest.
I wouldn’t spend more than $150.
In fact, we STR our lake home in the summer and a couple times a year stay at a $56 super 8 so we can collect the $450 a night stay from our renters. (If we have something going on at the lake, typically we’d just stay in our permanent home 75 miles away)
Making decisions like this DAILY is how we amassed a solid net worth.
We work hard and sacrifice and spend money on experiences.
Our kids think we’re nuts.

… but a hotel IS an experience? I am all about not wasting money on luxuries, but there is a qualitative difference between a Super 8 and a nicer Marriott - smells, cleanliness, safety, amenities (like a pool or nice grounds), bed quality, and most importantly, location (usually).

Rich people insisting on paying $100/night for a hotel seem to have some sort of pathology about money to me.

It's called cheap. My dad was like this. Super 8 on work travel and save his per diem. Maddening.

Anonymous wrote:I make that much and have never paid that much for a hotel room! My range is $250-300 and I aim for around $200 if I can find it.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Where are you guys all finding the $200 hotels in the United States!? That does not exist!

Of course they do, if you don’t mind budget hotels. I just booked a hotel in Williamsburg for about $70/night. Even in NYC, I find centrally-located hotels for less than $250/night with advance planning and off-season dates.

Which hotel? I live in Williamsburg and am always looking for budget options for friends who want to visit.

In this case, Red Roof Inn. We haven’t stayed in that one before— reviews were decent, but it could suck. We’ll see. Rodeway Inn is super cheap but not great. Sleep Inn is a little more (usually $100-$150) and quite nice.

I just am not willing to risk bed bugs to stay at a hotel where the government houses homeless people. Nope, no thank you. I would rather not even go.

+1. No amount of cost savings is worth bedbugs.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Where are you guys all finding the $200 hotels in the United States!? That does not exist!

Of course they do, if you don’t mind budget hotels. I just booked a hotel in Williamsburg for about $70/night. Even in NYC, I find centrally-located hotels for less than $250/night with advance planning and off-season dates.

Which hotel? I live in Williamsburg and am always looking for budget options for friends who want to visit.

In this case, Red Roof Inn. We haven’t stayed in that one before— reviews were decent, but it could suck. We’ll see. Rodeway Inn is super cheap but not great. Sleep Inn is a little more (usually $100-$150) and quite nice.

I just am not willing to risk bed bugs to stay at a hotel where the government houses homeless people. Nope, no thank you. I would rather not even go.

+1. No amount of cost savings is worth bedbugs.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Where are you guys all finding the $200 hotels in the United States!? That does not exist!

Of course they do, if you don’t mind budget hotels. I just booked a hotel in Williamsburg for about $70/night. Even in NYC, I find centrally-located hotels for less than $250/night with advance planning and off-season dates.

Which hotel? I live in Williamsburg and am always looking for budget options for friends who want to visit.

In this case, Red Roof Inn. We haven’t stayed in that one before— reviews were decent, but it could suck. We’ll see. Rodeway Inn is super cheap but not great. Sleep Inn is a little more (usually $100-$150) and quite nice.

I just am not willing to risk bed bugs to stay at a hotel where the government houses homeless people. Nope, no thank you. I would rather not even go.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Where are you guys all finding the $200 hotels in the United States!? That does not exist!

Of course they do, if you don’t mind budget hotels. I just booked a hotel in Williamsburg for about $70/night. Even in NYC, I find centrally-located hotels for less than $250/night with advance planning and off-season dates.

Which hotel? I live in Williamsburg and am always looking for budget options for friends who want to visit.

In this case, Red Roof Inn. We haven’t stayed in that one before— reviews were decent, but it could suck. We’ll see. Rodeway Inn is super cheap but not great. Sleep Inn is a little more (usually $100-$150) and quite nice.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Where are you guys all finding the $200 hotels in the United States!? That does not exist!

Of course they do, if you don’t mind budget hotels. I just booked a hotel in Williamsburg for about $70/night. Even in NYC, I find centrally-located hotels for less than $250/night with advance planning and off-season dates.

Which hotel? I live in Williamsburg and am always looking for budget options for friends who want to visit.

Anonymous wrote:

Anonymous wrote:We’re retired with pensions but probably 6-7M net worth in the Midwest.
I wouldn’t spend more than $150.
In fact, we STR our lake home in the summer and a couple times a year stay at a $56 super 8 so we can collect the $450 a night stay from our renters. (If we have something going on at the lake, typically we’d just stay in our permanent home 75 miles away)
Making decisions like this DAILY is how we amassed a solid net worth.
We work hard and sacrifice and spend money on experiences.
Our kids think we’re nuts.

… but a hotel IS an experience? I am all about not wasting money on luxuries, but there is a qualitative difference between a Super 8 and a nicer Marriott - smells, cleanliness, safety, amenities (like a pool or nice grounds), bed quality, and most importantly, location (usually).

Rich people insisting on paying $100/night for a hotel seem to have some sort of pathology about money to me.

Anonymous wrote:

Anonymous wrote:Where are you guys all finding the $200 hotels in the United States!? That does not exist!

Hotel Tonight app. 👍🏻👍🏻

Anonymous wrote:We’re retired with pensions but probably 6-7M net worth in the Midwest.
I wouldn’t spend more than $150.
In fact, we STR our lake home in the summer and a couple times a year stay at a $56 super 8 so we can collect the $450 a night stay from our renters. (If we have something going on at the lake, typically we’d just stay in our permanent home 75 miles away)
Making decisions like this DAILY is how we amassed a solid net worth.
We work hard and sacrifice and spend money on experiences.
Our kids think we’re nuts.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Where are you guys all finding the $200 hotels in the United States!? That does not exist!

Of course they do, if you don’t mind budget hotels. I just booked a hotel in Williamsburg for about $70/night. Even in NYC, I find centrally-located hotels for less than $250/night with advance planning and off-season dates.

Which hotel? I live in Williamsburg and am always looking for budget options for friends who want to visit.

Anonymous wrote:HHI 1 mil + a year

We usually go for hotel $100-200/ night
Unless very luxurious destination such as French Polynesia, but rarely over $500/ night.
We are not Riz Carlton or four season kind of people. We don’t enjoy staying in a hotel room, we love outdoor especially water activities and scuba diving. So no point spending top dollars for hotel room for us.

I think it’s really depend on your priority.

We travel internationally about four times a s a year. Each trip is at least a week long. If we fly to Asia, we fly business class. We eat very well and all in with any activities. So that’s where our money goes.

We use minivan over ten years old. Collage fund for one kid is over 300k . Retirement is … well we could retire now at mid 40, just reach our number. But decided to continue working because our kid is almost in high school. We ares stuck here for a while. Plan to fully retire in ten years once kid finishes collage and fully launched.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:HHI $600+. We’re typically Courtyard Marriott/Holiday Inn Express type people, so maybe $200-400/room/night, depending on the city? Now that our 3 kids are teens, we’ll sometimes get two rooms or a suite if everyone is traveling together. The big exception on the price front is the Disney cruises we went on where we splurged for 2 rooms, or cities like Rome or NYC where we don’t want to sleep in roachy rooms.

I feel like everyone has things they are unusually cheap about and other things they are willing to spend stupid amounts of money on (see Disney cruises above and feel free to flame away! 😄) The key is to consider all your discretionary spending in one big basket and make sure you’re saving for your goals first.

There’s a mom in my neighborhood who lives in a big house, drives a new Benz SUV and has all the luxury things. And her kid with 1500+ SAT who busted his butt studying through HS has been told he needs to get merit scholarships or go to his state school. 🤷‍♀️ That doesn’t make sense to me, but people value different things. I’m sure some people value nice hotels more than retiring early or expensive colleges/cars. You do you, OP!

Over-leveraged. So common.

Probably not as much as you think. I live in an affluent area and there's plenty of parents who say it's the flagship state school or find a merit elsewhere. Because they don't see the value in paying extra for a fancier college when the flagship is pretty good. I do see their point. Same principle can apply to hotels. Spend 4 nights in a hotel whether a 200 night or 500 night place, after the four days you're in the same place. [/b]Likewise, after four years at a flagship or a fancy private college, you're in the same place[b].