Insane property rent prices are rich people just waste their money ?

[Oasisman]

What are this ? Whats wrong with rich people ? Why they hate money?

Maybe we're considering them rich because $120,000 in a year is a huge amount for us, but for them who choose to live near the places where there are a lot of opportunities to earn more are lurking around, these numbers does not mean so much for them. 
They maybe earning way more than us, but their cost of living are way over priced as well.
They're not actually wasting money, we just all have different preferences. The amount of rent they paid is enough to have comfortable living to a place where everything is accessible.

[Reatim]

People are not happy to pay 10k and it's a fairly narrow band of society that is paying those sorts of rents (if talking about UK, there's massive differences in the currencies between these countries). People only pay those rents when the market prices dictate it, either for the higher end luxury apartments and/or living in some of the most expensive areas in these cities. You also have to be careful making comparisons with places like Monaco, which are often just a tax haven for the super rich who buy residency for the zero tax rate which can actually lead to massive savings for them. The point you seem to miss is that while it looks incredibly expensive to you, it's the equivalent of them spending $10 or $100 out of their income in many cases. If you're earning a million a year, then paying 120k for rent is not that much out of it and you often want to live in those areas for your networking or social life.

Ok so what those people doing ? Where are those wages to earn to pay 10k month.
For average person tax evaiders and not honest ways comes in mind right to way.
Its not just logical someone will pay like 20k-30k month for rent....what business they are in ? Whats their recepie to wealth?

your first mistake is thinking there’s a wage of 10k usd to a simple employee. we might be thinking differently due to cultural differences because when i convert 10k usd to my own currency i know that if someone was earning that much in a month, they aren’t just working for someone.

if you want to reach that amount per month, maybe start your own business. build a start up. or unless you are an athlete or a celebrity then i don’t know if you can reach that much per month if you are the average employee

[Die_empty]

What are this ? Whats wrong with rich people ? Why they hate money?

Maybe we're considering them rich because $120,000 in a year is a huge amount for us, but for them who choose to live near the places where there are a lot of opportunities to earn more are lurking around, these numbers does not mean so much for them. 
They maybe earning way more than us, but their cost of living are way over priced as well.
They're not actually wasting money, we just all have different preferences. The amount of rent they paid is enough to have comfortable living to a place where everything is accessible.

Anyone who spends such an amount, earns a very high income. Some of them also work around the neighbourhood.  Moving to a house outside these major cities would lead to additional transportation and other costs. We should also take into account that these cities have higher-paying jobs than other cities.

I would frown at people who are struggling to pay house rent in these expensive areas. But if you can afford it, it doesn't matter how much you pay for an accommodation that is comfortable and makes life easier. I work in a rural area where the standard of living is low. But I wouldn't live there because there are fewer business and employment opportunities there. Urban areas also have better infrastructure and security.

[slapper]

To buy property is to come with political exposure, tax implications across borders. And there is illiquidity that somebody managing serious capital doesn't want. Renting at 30k a month is actually the rational choice if that amount is irrelevant to your net worth.

But some of it is just status. Pure and simple. Living in a certain address in Monaco indicates something to a certain social circle. And that is a signal that has real economic value. It is opening doors, building trust in business situations, it attracts certain kinds of partnerships. You might call it waste. Still, to them it's a price of doing business in a world. The perception has a strong direct impact on one's opportunity.

The case of the person who says 360k per year is "wasted" only makes sense if you assume that person had no other way of generating returns on that money. For most people paying that rent, 360k sitting in a property actually would be the waste. Dead capital doing nothing while they could put them to even better use somewhere where they will return multiples of the rent cost. Different world different math entirely.

[Ziskinberg]

If they are renting out for nothing, well they are definitely wasting their money. Unfortunately, rich people do not have that kind of mindset. They will pay no matter how expensive the price just to meet their goal and gain the satisfaction they have been longing for.

Rich people are somewhat risk takers as well, but they take risk only when the results are favorable. So renting these expensive properties aren't an issue to them, everyone must pay the price right especially when it comes to the views and amazing spots found in London and Monaco.

[Cookdata]

Now we look property rent prices very expensive ones yet there is a lot demand from wealthy people even the prices are grazy high.
What's the catch ? Places like new york london or monaco people are happpy to pay for rent in month 10k and that's just low.
Now if you pay 10k month its a 10k x 12 = 120 000 in year. So basecly people are happy to just throw away over 100k in one year.
And in monaco paying 30k $ for rent its very normal that's huge money what people are happy to just waste imagine you just waste every month 30k $ in one year you just waste 360k $ wich you can use to buy or even build house or property.



What are this ? Whats wrong with rich people ? Why they hate money?

Where there is money, expect money to be well spend. Check around county sides of NYC, there is nothing you will look for that city you will not see. It's a place where any rich individuals will want to stay, a very high standard place for conducting business and you think people will not rent those houses? If you don't rent it, people that see the value and like classic life will take up the place without thinking twice, you need class to attract clients and other business people.

You can't say the same when you visit places like Mississippi and West Virginia, that's like a wealthy person in such locations, it's not like packaging and all that doesn't happened over their but the demands from NYC is too high. Like have you seen the expression of a person that got a job offer from NYC and a person that got job offer from other places. Don't you see how Trump was very interested in the last elections of the NYC mayor, the GDP is the biggest in US.

[Gozie51]

What are this ? Whats wrong with rich people ? Why they hate money?

If you have a salary that can carry your lifestyle then you can do what you want to do. Those kind of houses are for high income earners and not for ordinary people, so don't get surprised about it. Some are houses that people just live for a short time maybe it is closer to their work place. Afterall, there are people who instead of renting a housing apartment, they go ahead to rent suit in hotel that is more expensive by day when calculated for a month and they stay there for a year and more because of the nature of what they are doing there. So all depends on choice, while you have expensive apartment you also have cheap apartment to live in if you can't afford to pay for the higher rent.

[Zigabel]

Now we look property rent prices very expensive ones yet there is a lot demand from wealthy people even the prices are grazy high.
What's the catch ? Places like new york london or monaco people are happpy to pay for rent in month 10k and that's just low.
Now if you pay 10k month its a 10k x 12 = 120 000 in year. So basecly people are happy to just throw away over 100k in one year.
And in monaco paying 30k $ for rent its very normal that's huge money what people are happy to just waste imagine you just waste every month 30k $ in one year you just waste 360k $ wich you can use to buy or even build house or property.



What are this ? Whats wrong with rich people ? Why they hate money?

This is why they always do say the taught form and pattern of the rich is quiet different from that of the poor, this is not me throwing shades but then there's a height you will attain and then you beginning to see these things as essentials and to some unnecessary luxury like you are seeing it, staying in such environment alone does affects your taught process and the way you look at things, it is not just about the money, moreover if you have multiple streams of income, one of it can take care of that and you will have almost no need to bother about the expenses but the value you get form staying in such places, there are people you will get to meet only if you are within such environment and that is why you find the rich mostly amongst the rich and not amongst the poor. Its not about the money but the values they get from such an environment and that is why they pay the price and stay rich while you keep seeing it like some sort of funds been wasted.

[viljy]

People who can afford to spend such amounts to ensure a luxurious lifestyle have a completely different scale of measurement of what "little" or "much" is. That's the whole explanation. The most interesting thing is that with wealth and complete freedom, these people often manage to be unhappy. Which, of course, looks ridiculous to a poor person. Why? Yes, because it's all about this scale of measurements. The starting point is lost (simple survival) and a minor nuisance can turn into a problem (in a distorted perception). Of course, this is often accompanied by status, the inability to survive a decline in status. That's why we sometimes read in the news about how some millionaire jumped out of a window, not even from complete ruin, but simply from failure.

[sunsilk]

People who can afford to spend such amounts to ensure a luxurious lifestyle have a completely different scale of measurement of what "little" or "much" is. That's the whole explanation. The most interesting thing is that with wealth and complete freedom, these people often manage to be unhappy. Which, of course, looks ridiculous to a poor person. Why? Yes, because it's all about this scale of measurements. The starting point is lost (simple survival) and a minor nuisance can turn into a problem (in a distorted perception). Of course, this is often accompanied by status, the inability to survive a decline in status. That's why we sometimes read in the news about how some millionaire jumped out of a window, not even from complete ruin, but simply from failure.

I agree, the differentiation of what's little and big from each people is different. And those with wealth and money can say that the little prices that they can afford can be a lifetime savings for us.

But the quality of life is also different. While those who can't afford to pay their rents and houses, they've got other means to enjoy their lives.

And those who can afford it, have a different meaning of what success in life is. Although the reality can't be change that the insane prices of the real estate is too much even the rents.

[Makus]

First of all, the price of landed properties or houses depends on where it's located and most rich people have their reasons for residing in such areas, this is why it's accurate to call it a waste of money. Secondly, Everyone has the right to spend their money however they please, what you consider to be too much or a waste isn't how they think because they are only spending based on what they can afford. A lot of people that say rich folks waste their money renting expensive houses are just talking based on their financial level, they might do the same when they have money.

[Antotena]

Now we look property rent prices very expensive ones yet there is a lot demand from wealthy people even the prices are grazy high.
What's the catch ? Places like new york london or monaco people are happpy to pay for rent in month 10k and that's just low.
Now if you pay 10k month its a 10k x 12 = 120 000 in year. So basecly people are happy to just throw away over 100k in one year.
And in monaco paying 30k $ for rent its very normal that's huge money what people are happy to just waste imagine you just waste every month 30k $ in one year you just waste 360k $ wich you can use to buy or even build house or property.



What are this ? Whats wrong with rich people ? Why they hate money?

Did you remember one crew od billionaires that dive into the the deepest part of the ocean that went for search of titanic ship and crew for fun. You know how much they spent on that journey even though they end up dead. Some people have money to the extent they don't know what to do next, the next thing they did was going to space and know how the space looks like, there are many people with wealth that will buy any service even if it doesn't make sense.

Although, wealthy people want things that are classic and they love to go for things that ordinary people can't afford. Some of them want luxurious life, they like to buy the things ordinary people can't afford,  that's their lifestyle and I'm sure if you have the means to that wealth, you will leave that kind of life too because who doesn't like luxurious lifestyle, everyone does but not everyone had the means and the resource to enjoy it.

[Cheema02]

People who can afford to spend such amounts to ensure a luxurious lifestyle have a completely different scale of measurement of what "little" or "much" is. That's the whole explanation. The most interesting thing is that with wealth and complete freedom, these people often manage to be unhappy. Which, of course, looks ridiculous to a poor person. Why? Yes, because it's all about this scale of measurements. The starting point is lost (simple survival) and a minor nuisance can turn into a problem (in a distorted perception). Of course, this is often accompanied by status, the inability to survive a decline in status. That's why we sometimes read in the news about how some millionaire jumped out of a window, not even from complete ruin, but simply from failure.

Your point is very solid about the reality of life and its true that peoples are different from each other according to thinking and life styles in same other manners like a life of a luxurious apart person is totally different from from a simple gay who struggling with basic need. For a wealthy individual reputation and comfort is main priority but for a poor gay food and other basic needs are the Goal of entire life so when these standers becomes equal then its may look like a disaster because expectations can be destroyed. So its exactly match the Abraham's theory whos conclusion is that after fulfill of one need people bends towards higher like respect so if there expectations may damage then its hearts them deeply because its not related to money actually its link with mindset. So if success and status is the mindset of a individual then a little stroke can hearts deeply.

[Smartvirus]

Anyone who spends such an amount, earns a very high income. Some of them also work around the neighbourhood.  Moving to a house outside these major cities would lead to additional transportation and other costs. We should also take into account that these cities have higher-paying jobs than other cities.

The OP might not know this but, that’s a lot of numbers his got in the OP for rents in a month and for a year even. It’s just so much and quite frankly, you wouldn’t be willing to pay that much if you aren’t earning something way higher. That’s because, you’ve got a whole lot of other bills to settle and not to mention, you need to eat, invest and have emergency money stacked away some place safe. In some countries, $10k could do a lot of things, a lot.

[Jewan420]

A person who does not have the capacity to build a house or has to move from city to city due to circumstances or has to rent a house in a different city due to circumstances despite having his own house, is he wasting money? Where the rent is very high, the cost of building a house is also high. So even if you want, you will not be able to build a house in a different city every few years or you will not get the services that a rented house provides. Many rich people or businessmen in the world still live in rented houses, they are certainly not stupid people. They find it cheaper to live in a rented house than to buy a house or build a house.

[r_victory]

Many say it's about maintaining geographical freedom, being able to live wherever they want and move whenever they want; others invest their money and use the income to pay rent. I've seen many influencers saying that buying a house is foolish, that it's a liability, and that it will lose value, following the teachings of the book "Rich Dad, Poor Dad". Has anyone ever heard that it's not enough to be rich; you have to look rich? Perhaps that's the thinking that makes them act this way.

[Oluwa-btc]

Now we look property rent prices very expensive ones yet there is a lot demand from wealthy people even the prices are grazy high.
What's the catch ? Places like new york london or monaco people are happpy to pay for rent in month 10k and that's just low.
Now if you pay 10k month its a 10k x 12 = 120 000 in year. So basecly people are happy to just throw away over 100k in one year.

Your point of view is that people are throwing money just like that for rent and it seems like it's nothing to them. But then it's all from a different view entirely because we literally have different category of people and they act in a way that suits their pockets. You can't tell me that a ruch msn would hold so much money and not spend it and again the idea of buying landed properties in some areas tehd to be high yes channelling allk the money for rents in a year can go for buying the leadt landed property and all that but everything works with time and s step at a time.