Even as a billionaire the house would require maintenance and repairs. Yes, you could pay someone to manage the house, but you could also pay someone to manage it as a rental even as a non-billionaire.jeffyscott wrote: ↑Mon Mar 18, 2024 11:42 am If I were to splurge, I think a likely possibility would be a beachfront vacation home. We probably could pull that off with what we have. The hassles of owning and the fact that we would probably have to rent it to others make it unappealing. As a billionaire, I could buy it and let it sit empty for 10 or 11 months each year.
I agree with your general point though, I much rather rent a vacation home than buy.