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Old 04-29-2010, 08:02 PM
 
Location: Central Virginia
834 posts, read 1,945,209 times
Reputation: 639

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Quote:
Originally Posted by JViello View Post
Oh God, last time I said that I got skewered. LOL

I agree though, accept the mega wealthy are even more understated around here.
Why would you get skewered for saying there is old money in the Farmington valley? I live in Avon and there is a lot of old money here. It doesn't feel like Greenwich money but it's money. But people live pretty frugally. Where we are renting, most of my neighbors are Italian seniors who've lived in their house for 30, 40 years. My one neighbor across the street is a widow who has been in her house for 60 years! She's in her 80's and has lived in that house since she got married. I see a lot of people just smarter with their money. It's very different from a new money place like Northern Virginia where it's all flash. Here in Avon, I see every car from Mercedes to pick up trucks and there are a lot of small-medium sized homes as well as huge homes.
Growing up in NJ I saw a lot of old money there as well, but there is definitely more here.
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Old 04-30-2010, 11:32 AM
 
3 posts, read 4,776 times
Reputation: 10
Hi:

I saw your post and it made me think of Joan River's show, it is called "How'd you get so rich". Here is the link:

Joan Rivers in a new Reality TV Show - How'd You Get So Rich - TV Land

She is really funny... and many of the rich people actually tell the story of how they became rich. I hope this helps!
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Old 04-30-2010, 01:17 PM
 
Location: Connecticut
24,669 posts, read 40,256,063 times
Reputation: 6999
I watched some of that show last night and thought it was pretty good. the commercials say it is in its second season but i never saw the first advertised. Did anyone else ever hear of this show before this? Jay
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Old 04-30-2010, 06:14 PM
 
Location: Central Virginia
834 posts, read 1,945,209 times
Reputation: 639
I heard of it before this but only from Joan talking on Howard Stern. I haven't watched it. She's funny for an old bird, but looking at her face is painful. I loved her on Celebrity Apprentice but at times she looks plastic.
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Old 04-30-2010, 06:15 PM
 
Location: Tribeca, New York City
44 posts, read 36,575 times
Reputation: 23
$1M isn't anything special.
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Old 04-30-2010, 06:37 PM
 
Location: Paramus, NJ
500 posts, read 1,223,587 times
Reputation: 207
If I own a 1 million dollar house, I'll sell it right away for charity money. Living in a huge house does not equate to happiness for many. Even a wealthy homeless person could be content living in the NYC subway (-I think that was a true story a long time ago).

But yeah, these days...1 million dollar houses are nothing compared to the higher million dollar houses. Can't imagine how those people spend most of their days with what...5 garages? Eight bathrooms? Fifteen guestrooms? A guest house? A big swimming pool? Huge wide property with a gated fence and a security post? And then, those people don't spend their entire lives in that house when they have a huge summer home somewhere else in the South (or some fancy condo). *sighs* =_=
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Old 05-01-2010, 01:17 PM
 
Location: Central Virginia
834 posts, read 1,945,209 times
Reputation: 639
Quote:
Can't imagine how those people spend most of their days with what...5 garages? Eight bathrooms? Fifteen guestrooms? A guest house? A big swimming pool? Huge wide property with a gated fence and a security post
what about the homes with the indoor/outdoor pool, tennis court, movie theater, bowling alley...no wonder you hear about these old geezers becoming hermits and never leaving the house. When your own house is like a resort there's no reason to ever leave.
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Old 05-01-2010, 02:28 PM
 
Location: Coastal Northeast
15,765 posts, read 22,041,464 times
Reputation: 5294
Quote:
Originally Posted by bornrich View Post
$1M isn't anything special.
Agreed. In soutwestern CT, it's a colonial but nothing extra fancy. In extreme southwestern CT, it's a raised ranch or cape. http://www.realtor.com/realestateand...830_1117223150
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Old 05-01-2010, 02:34 PM
 
20,979 posts, read 15,643,406 times
Reputation: 10270
Quote:
Originally Posted by Tetto View Post
Ouch! You must be doing well to stay on top of that baby... I know a guy who has a great job, unreal house (60,000 yr taxes) and doesn't have a pot to **** in. Go figure.
As I stated, it's expensive maintaining that lifestyle. I love my home, my neighborhood and my family. I wear my 12 year old Citizens Eco-Drive watch. I do not belong to the Country Club. I do not drive a fancy sports car. I live within my means. I know what it's like being broke. I prefer my life today. It's hard work, but worth it, as long as it doesn't take me away from my family too much.
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Old 05-01-2010, 02:37 PM
 
Location: Fairfield, CT
5,541 posts, read 8,208,696 times
Reputation: 5791
My house is worth about $750K, though at the peak of the market, it was probably worth in the range of $1 million.

To have a house in this price range, you should have a significant down payment, and a high income. A down payment of much greater than 20% is advisable in this price range.

I'll be very happy when my mortgage is paid off. I owe just a bit over $100K on it now.
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