Agent23
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Try getting one from eBay, I hear they do sell them.All still contained in the definition of wealth. Wealth is net worth. Net worth looks at your trillion zimbabwe dollars and laughs at it, and offers you $5 USD cause it looks cool.
It is probably a decent sized chunk of it, when you account for all of the people that go into the movie consumption experience, from valets to the actors.Yep, they are useless. So are a lotta hollywood movies that no one watches, but that's not the service economy either.
Those actors also consume more services than your average person, IMO.
Not really, the price and rents of the area will push prices for such services up as well.Getting a cleaner in a smaller less shall we say dynamic and overpriced city can be easier than in a big one, cheaper, too.But sometimes you only need it a few times, or the service economy is cheaper. Also, not all the goods are fungible: houses aren't, for example (they are some of the least fungible goods cause of location). And some services are fairly fungible: 1 hour of one janitorial service is probably a lot like 1 hour's worth of another.
More like a mix of durability and convertibility into other assets, I'd include mortgaging and renting out there, too.And converting it into some form of home business.Do you perhaps mean durability? Fungible means that the good or commodity isn't special, and is equivalent to another similar thing.
Sure, houses go down in a downturn, but gold does so, too.
And declines in prices in shitty areas take a while to happen, so somebody with a bit of foresight could cash out.
A megayacht probably trumps that, and at some point bodyguards probably become a necessity, as do butlers if status symbols like yachts and mega-houses are required.Having a butler/bodyguard is also a status symbol.
And it is also a question of how much the rich person's time is worth.
No sense doing a 20$ an hour work if you can do 2000 an hour, I suppose.
For example I always thought that it might be very effective to have some form of hotel-like set-up for long-term occupation, with the ownership structure being something akin to shareholder-resident, with some of the money going towards other investments so that domestic services could be provided.
With maybe some of the apartments being rented out with the same perks applying.
Also, I am pretty sure that Bertie got more hooch thanks to his overpriced car than thanks to Jeeves, if anything Jeeves probably made damned sure to limit poor Bertie's chances in that regard because he'd have to do more cleanup.