Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

What do wealthy people buy, that ordinary people know nothing about? (2015)

old.reddit.com

Post reply on HN
Print view View original

681–690 of 829 posts

Re: What do wealthy people buy, that ordinary people know nothing about? (2015)

#681

Post by bluGill »

fragmede wrote: post #625
mrguyorama wrote: post #569

Earlier quoted context omitted.

Eh, that level of rich doesn't care about a service contract. If their hyper-fancy, whatever gadget filled dishwasher/oven dies randomly because it's made like cheap shit and all the features are just checking boxes, they don't care, they can have it replaced within an hour, so the cook will just have to deal with only a single oven until then. Which is why the rich are terribly undiscerning purchasers: the downside…

> If their hyper-fancy, whatever gadget filled dishwasher/oven dies randomly because it's made like cheap shit and all the features are just checking boxes, they don't care, they can have it replaced within an hour. What do you think a service contract is?

Not their problem. The staff might have that, or might not. The right person just knows the gadget is broke and an hour later the staff has figured it out.

Re: What do wealthy people buy, that ordinary people know nothing about? (2015)

#682

Post by bluGill »

potato3732842 wrote: post #531
bluGill wrote: post #439

Earlier quoted context omitted.

> Industrial dishwashers Should be called dish sterilizers. They won't get dirt off - in industrial kitchens everything is rinsed first and then put in. Home dishwashers get just as hot as the industrial versions (if you turn on those cycles - might not be allowed by modern code, but older ones do), and use harsher chemicals because they are expected to get clean after food that has dried on for a few days.

>They won't get dirt off - Oh yeah they will. We used to wash car parts at the end of shift before cleaning and draining the machine. >in industrial kitchens everything is rinsed first and then put in. Because you'd be cleaning out the dishwasher strainer grates thrice daily if you didn't make a min-effort attempt to reduce its garbage intake.

They can, but that is not their job.

Re: What do wealthy people buy, that ordinary people know nothing about? (2015)

#683

Post by johnisgood »

johnisgood wrote: post #526
dagw wrote: post #450

Earlier quoted context omitted.

Beds I disagree with. Modern high end mattresses are far more comfortable and ergonomic than old mattresses.

I have a >40 years old spring bed. I prefer it over modern beds, but I have never had the luxury to try out modern high end mattresses though.

Why the down-vote? I do have a >40 years old spring bed, and these "modern" beds I can get from Jysk or Ikea (or wherever it was gotten from) are awful in comparison, in fact, one of them broke after a month of use (with my ex) (it cost ~222 USD) and most modern beds I have laid on, they were all too hard for me, unlike the spring bed. The mattresses might be good, however. I have not tried the memory foam ones, for one.

sighs.

Re: What do wealthy people buy, that ordinary people know nothing about? (2015)

#684

Post by moneywoes »

madaxe_again wrote: post #424
lm28469 wrote: post #376

Earlier quoted context omitted.

> £100k/year Well first off £100 != $100 != €100 Sorry but you're completely delusional if you think literally "anyone on a programmer's salary" can make 1 million in 10 years. I'm not saying it doesn't happen, I'm not saying you didn't do it, I'm just saying it's not "accessible", nor the norm, nor representative of the vast majority of devs. https://www.levels.fyi/heatmap/europe/ The median software engineer salary…

8% is an awful return in today’s markets. 30% is eminently achievable with foresight and an appetite for risk. I started investing a decade ago with about £100k, as that was all I could afford to risk, and have a return of between 20% and 200% year to year. Shit, you’ll get 15-20% cash-on-cash just running an Airbnb, which is what provides our day-to-day living income.

please advise how do I get started

Re: What do wealthy people buy, that ordinary people know nothing about? (2015)

#685

Post by canucker2016 »

Tom Cruise buys a white chocolate coconut bundt cake for each of his (mostly famous) friends each year - https://www.theguardian.com/film/2020/dec/15/tom-cruise-deca...

If you're in the Los Angeles area, you can visit the bakery yourself or if you're in the USA, you can order a cake from them - https://www.goldbelly.com/restaurants/doans-bakery/white-cho...

N.B. No affiliation with Tom Cruise, Doan's, or Goldbelly.

Re: What do wealthy people buy, that ordinary people know nothing about? (2015)

#686

Post by moneywoes »

resource_waste wrote: post #440
sublinear wrote: post #400

I'm gonna go out on a limb here and say "being rich" is not a personality or set of preferences. Lavish spending is still seen as pointlessly insecure by anyone on any budget. Many things are good enough for anyone. Relevant Andy Warhol quote: "Sometimes you fantasize that people who are really up there and rich and living it up have something you don’t have, that their things must be better than your things because…

>Lavish spending is still seen as pointlessly insecure by anyone on any budget. I seen and lived this until I got my wake up call. I was regular upper middle class, I would laugh at people who thought I was poor for having an Android because I could easily afford a $1000 iphone, I just didnt want it. Then I got into philosophy and inevitably Stoicism, where I found happiness within. Then I read too much philosophy an…

can you elaborate more please

Re: What do wealthy people buy, that ordinary people know nothing about? (2015)

#687

Post by geodel »

sunrunner wrote: post #571
geodel wrote: post #539

Earlier quoted context omitted.

As people are discussing there are different level of rich. At some level one want to reasonably good car that they drive themselves. At another level maybe people send advance team to setup before owner reach their vacation mansion and drive them around, cook their meals, etc once they are there.

> maybe people send advance team to setup before owner reach their vacation mansion and drive them around, cook their meals, etc once they are there. I can readily believe this does happen at the right level of wealth, but there's something deeply absurd and humorous about someone sending a vanguard to their second or third home before they arrive.

I mean the level of conveniences in developed world are already much much higher even for middle class that we don't even think of them as luxury it would be for > 90% of world population.

My very typical American suburban home on a 0.2 acre lot is better built, has better views, parking, heating, cooling and so on than a 3 generation rich (from my standards) cousins' home in India. However they do have half a dozen servants at home and I have obviously none here.

So it does sound weird that people seek even further from developed world middle class point of view.

Re: What do wealthy people buy, that ordinary people know nothing about? (2015)

#688

Post by geodel »

nonameiguess wrote: post #680
geodel wrote: post #522

Earlier quoted context omitted.

I don't know if its weird. This seems to me using money to reduce hassle. At my even lower level of existence I do similar thing in sense I keep one pair toothbrush and paste in upstairs bathroom and another pair at main level just to avoid whatever inconvenience I've thought of in my mind. Same with multiple pair of glasses at different location I work from. I have not done these things when I had less money and now…

Just wanna say I do a few things like this, too. Examples being duplicate toiletries and clothing I keep permanently packed so I don't need to actually pack when traveling. I have duplicates of the same vacuum cleaner and broom/dustpan combos on every floor of my house so I don't need to go down or up stairs to get one. If I was wealthy enough to have a vacation home, I could see owning a duplicate car to keep there,…

Exactly right. Indulgences become necessity when one moves up the affluence ladder.

I love your go-to bag example which I wished to have but never did. In a weird way because I have more time to pack but not much resources or time to travel anyway.

Re: What do wealthy people buy, that ordinary people know nothing about? (2015)

#689

Post by cess11 »

Mashimo wrote: post #576
cess11 wrote: post #492

Earlier quoted context omitted.

Why isn't material and financial redistribution good enough of an example?

Maybe, but you declined taxation that could be used for financial redistribution and just said "we should get rid of them".

No, I did not. Why are you so protective of the people destroying our present and future?

Re: What do wealthy people buy, that ordinary people know nothing about? (2015)

#690

Post by em500 »

madaxe_again wrote: post #596
lm28469 wrote: post #499

Earlier quoted context omitted.

Cool, do you know about statistics and survivor bias ? If it was that easy why isn't everyone a millionaire ? Why doesn't everyone make 20-200% per year ? If you can guarantee 20-200% of return per year consistently over 10-20 years go to wall street they'll pay you millionS per year to work for them There is a big gap between "I'm in the top 1% earners and lucked out in the market" and "Literally every software engi…

Yes, I understand statistics and survivorship bias - I’m a mathematical physicist by training. I’m also a pretty average schlub. Most people aren’t wealthy because they don’t even try, and instead run on a treadmill until they drop dead. I have no interest in going to work on Wall Street or anything similar. My entire investing philosophy is basically based on this site. There is constant signal here on what will be…

Ok, I'll bite. What's going to be big 5-10 years from now?
Post reply on HN