You have spent more on your boat than Warren Buffet did on his house!

[JupiterSunsation]

If you spent more than $31,500 you spent more than the 3rd richest man in the world did on his main residence! Good article and it did mention Austin, Texas where Michael Dell built a 33,000 sq. ft home to spy on the claymates out on the lake!

http://www.forbes.com/2010/03/09/bi...naires-2010-houses_slide_2.html?partner=yahoo

 

[Big Time]

..and his driveway is absent of a Lambo, but he does have a Chrysler!! On one side of things I really do respect and admire him for being able to live the reserved life that he does. On the other hand, you only live once and you can't take it with you....

 

[Chris]

It's whatever gives you satisfaction.

Some guys show the world their wealth by spending it by the truckload. Buffett stands out by not spending his. It's not frugality, it's making a statement with your money.

Buffett is more famous for his low-buck house than Larry Ellison is for his $200 million boat.


Look at it from this perspective- a $200 million toy has the same financial impact on a guy with $40 billion that a $50,000 toy has on a millionaire. Buffett isn't living cheap because it matters one iota financially.

 

[mikes280]

well his house is low buck by billionaire standards but he did pay that in 1958 so i am sure it is worth a ton more today.

 

[MarylandMark]

Huge houses can be impersonal and feel empty. I don't want to feel like my dining room is like putting a table in my old high school gym. My new house is less than 1/2 the size of my old house and couldn't be happier and was the best decison I ever made. Then again, I was happiest living in a 380SF RV so what do I know.

 

[htrdlncn]

well his house is low buck by billionaire standards but he did pay that in 1958 so i am sure it is worth a ton more today.

agreed, a 6000sq ft home with its own handball court and personal security force is not roughing it by any means.

 

[Big Time]

well his house is low buck by billionaire standards but he did pay that in 1958 so i am sure it is worth a ton more today.

$31.5K in 1958 = $236k in 2010, but I'm sure the house worth way more then that today.

 

[MarylandMark]

He lives in the same house in the central Dundee neighborhood of Omaha that he bought in 1958 for $31,500, today valued at around $700,000 (although he also does have a $4 million house in Laguna Beach, California). In 1989 after having spent nearly 10 million dollars of Berkshire's funds on a private jet, Buffett sheepishly named it "The Indefensible".

Wiki.

Modest without a doubt with is loot but still..

 

[DollaBill]

He!! I've spent more on women and booze than that LOL. At least it wasn't wasted:sifone::cheers2:

 

[JupiterSunsation]

I love the simplicity of his lifestyle and his investing (buy and hold)...... He has a wise grandfather outlook and I think everyone rich or poor can learn something from it.

For those of you that haven't read the book "The millionaire next door" it outlines how a guy like this can amass a fortune by living simply, below his means and making wise investments.