HomeDiagramsDatabaseMapsForum About
     

Go Back   SkyscraperPage Forum > Discussion Forums > City Discussions


View Poll Results: If you won lottery money, would you move to a new locale?
Nah, I'm good where I'm at 45 67.16%
Probably, I do have a "dream" city 11 16.42%
Hard Yes, I can't leave fast enough 11 16.42%
Voters: 67. You may not vote on this poll

Reply

 
Thread Tools Display Modes
     
     
  #41  
Old Posted Sep 30, 2022, 4:51 PM
Yuri's Avatar
Yuri Yuri is offline
Registered User
 
Join Date: Sep 2008
Posts: 3,885
Quote:
Originally Posted by Steely Dan View Post
for like 99.9% of the this planet's inhabitants, $5M is absolutely life changing money.

but not including SSP's own out-of-touch army, of course.
I'd even add other 9s there.

It's big money. In Brazilian Real, it's R$ 26 million yielding 3.6 million/year in public bonds, risk-free. Minimum wage here is R$ 15,000/year. Median, around R$ 25,000.

With yields only, we could buy a massive penthouse on the most upscale districts of São Paulo and Rio de Janeiro. Every year.
__________________
São Paulo - Rio de Janeiro - Londrina - Frankfurt

Last edited by Yuri; Sep 30, 2022 at 5:30 PM.
Reply With Quote
     
     
  #42  
Old Posted Sep 30, 2022, 4:57 PM
Labtec's Avatar
Labtec Labtec is offline
Registered User
 
Join Date: Mar 2002
Location: Atlanta
Posts: 780
I would stay in Atlanta and buy a $1 million apartment in Seoul and spend maybe 3-4 months of the year there.
__________________
Screenshot Archive
Reply With Quote
     
     
  #43  
Old Posted Sep 30, 2022, 5:27 PM
PHX31's Avatar
PHX31 PHX31 is offline
Registered User
 
Join Date: Aug 2001
Location: PHX
Posts: 6,900
This is an interesting scenario, given it's not enough to completely retire (possibly) nor live in any and all possible dream locales.

I think I'd keep my current situation exactly as it is for the most part, with the possibility of retiring and having the ability to spend more time in northern AZ during the summer months especially.

I'd probably look into buying some decent sized land in the midwest or plains.

If I was younger or single with no children and no roots it could be different.
Reply With Quote
     
     
  #44  
Old Posted Sep 30, 2022, 5:34 PM
202_Cyclist's Avatar
202_Cyclist 202_Cyclist is offline
Registered User
 
Join Date: Feb 2009
Posts: 5,362
Yes, I would probably move to Laguna Beach.

https://www.mansionglobal.com/articl...-record-142109
Reply With Quote
     
     
  #45  
Old Posted Sep 30, 2022, 6:00 PM
McBane McBane is online now
Registered User
 
Join Date: Sep 2006
Location: Philadelphia
Posts: 3,592
So it obviously depends on what level lottery we're talking about but assuming it's enough that I don't have to work anymore, I'd stay in Philly (obviously in upgraded digs) but would definitely not go overboard on any one property. There's so many amazing places in this world, I can't envision myself anchoring myself to any one or two homes. Especially once the kids grew up, I'd probably end up staying in Philly for no more than half the year.
Reply With Quote
     
     
  #46  
Old Posted Sep 30, 2022, 6:06 PM
TonyTone's Avatar
TonyTone TonyTone is online now
Tony V / ValuezTV
 
Join Date: Jan 2020
Location: Philly Metro DE-PA-NJ
Posts: 1,056
I would 100% Buy

A condo in Philly
A beach house in Miami or Fort Lauderdale
A Crib in LA
A Farm in the Midwest or Down South
And a brownstone in NYC
__________________
Promoting Cities since 1998! | ValuezTv | Philadelphia Photo Thread |
Reply With Quote
     
     
  #47  
Old Posted Sep 30, 2022, 6:09 PM
muertecaza muertecaza is online now
Registered User
 
Join Date: Oct 2015
Posts: 1,993
Quote:
Originally Posted by Buckeye Native 001 View Post
I'd buy a house in Flagstaff, but I have no desire to move.
Hope we don't win the lottery at the same time, we might be competing for the same house .

I don't think I'd want to move out of Arizona and too far from family/friends, but I'd definitely be looking at moving out of the Valley and up to Flagstaff. Maybe up 89 off Copeland where the fire was recently, or maybe in town (although some of the places in town would take a pretty hefty chunk out of that $5m).

There are some neighborhoods in Tempe I would consider as well. In general I'd be looking for an incremental step up to my ideal rather than a wholesale change.
Reply With Quote
     
     
  #48  
Old Posted Sep 30, 2022, 6:17 PM
homebucket homebucket is online now
Registered User
 
Join Date: Jan 2012
Location: The Bay
Posts: 6,118
Quote:
Originally Posted by TonyTone View Post
I would 100% Buy

A condo in Philly
A beach house in Miami or Fort Lauderdale
A Crib in LA
A Farm in the Midwest or Down South
And a brownstone in NYC
You're not getting that for $5 million.
Reply With Quote
     
     
  #49  
Old Posted Sep 30, 2022, 7:16 PM
iheartthed iheartthed is online now
Registered User
 
Join Date: Oct 2009
Location: New York
Posts: 7,609
Quote:
Originally Posted by homebucket View Post
You're not getting that for $5 million.
Yeah, you might be able to buy one of those things lol. Maybe $5 million could cover a condo in Philly and a nice farm in the Midwest. But a brownstone in livable condition in NYC is going to easily eat up $5 million.
Reply With Quote
     
     
  #50  
Old Posted Sep 30, 2022, 7:50 PM
Buckeye Native 001 Buckeye Native 001 is offline
E pluribus unum
 
Join Date: Aug 2003
Location: Arizona
Posts: 30,995
Quote:
Originally Posted by muertecaza View Post
Hope we don't win the lottery at the same time, we might be competing for the same house .

I don't think I'd want to move out of Arizona and too far from family/friends, but I'd definitely be looking at moving out of the Valley and up to Flagstaff. Maybe up 89 off Copeland where the fire was recently, or maybe in town (although some of the places in town would take a pretty hefty chunk out of that $5m).

There are some neighborhoods in Tempe I would consider as well. In general I'd be looking for an incremental step up to my ideal rather than a wholesale change.
I didn't think the flooding in Timberline and Doney Park could be any worse than what I witnessed in the aftermath of the Schultz Fire in 2010 (I worked at Coconino County Public Works at the time) but its somehow worse this time around. Just absolutely catastrophic, and I've got tons of coworkers who live up that way who had to create a fortress of concrete barriers and sand bags around their properties.

Not too many places in-town would set you back $5 million, although the cost of living sometimes makes it feel that way ("California prices at Arizona wages!"). I'd prefer to be somewhere close to downtown, like Townsite, Cherry Hill or NoHo/Hospital Hill. No idea what's going to happen (if anything, given the town's continued desirability) as the real estate market cools.

And then there's water, or lack thereof. We haven't had enough snowpack to keep the reservoirs full for a while now thanks to La Nina, and we're looking at potentially another quiet/mild Winter this year
Reply With Quote
     
     
  #51  
Old Posted Sep 30, 2022, 9:19 PM
AaronPGH's Avatar
AaronPGH AaronPGH is offline
Registered User
 
Join Date: Dec 2004
Location: Pittsburgh
Posts: 1,752
I'd get a much better spot in Pittsburgh, and grab a vacation home in Utah.
Reply With Quote
     
     
  #52  
Old Posted Oct 1, 2022, 3:59 AM
AviationGuy AviationGuy is offline
Registered User
 
Join Date: Dec 2011
Location: Austin, TX
Posts: 4,706
Quote:
Originally Posted by muertecaza View Post
Hope we don't win the lottery at the same time, we might be competing for the same house .

I don't think I'd want to move out of Arizona and too far from family/friends, but I'd definitely be looking at moving out of the Valley and up to Flagstaff. Maybe up 89 off Copeland where the fire was recently, or maybe in town (although some of the places in town would take a pretty hefty chunk out of that $5m).

There are some neighborhoods in Tempe I would consider as well. In general I'd be looking for an incremental step up to my ideal rather than a wholesale change.
How about Sedona? The photos I've seen of Sedona show an unbelievably beautiful setting for a city.
Reply With Quote
     
     
  #53  
Old Posted Oct 1, 2022, 4:25 AM
austlar1 austlar1 is offline
Registered User
 
Join Date: May 2007
Location: Austin
Posts: 3,302
At my age (76), moving might be quite a bother. I'd likely upgrade my digs here in Austin and do a bit more traveling, including extended stays in some of my favorite locales. I could easily make do with high-end short term rentals or really nice hotels as opposed to trying to set up a new home somewhere.
Reply With Quote
     
     
  #54  
Old Posted Oct 1, 2022, 6:22 AM
bobdreamz's Avatar
bobdreamz bobdreamz is offline
Registered User
 
Join Date: Mar 2002
Location: Miami/Orlando, FL.
Posts: 7,974
Quote:
Originally Posted by TonyTone View Post
I would 100% Buy

A condo in Philly
A beach house in Miami or Fort Lauderdale
A Crib in LA
A Farm in the Midwest or Down South
And a brownstone in NYC
For $5 Million you aren't getting a beach house in Miami!
It's a Condo for you!

__________________
Miami : 58 Skyscrapers over 500+ Ft.|150+ Meters | 11 Under Construction.
Reply With Quote
     
     
  #55  
Old Posted Oct 1, 2022, 11:22 AM
mousquet's Avatar
mousquet mousquet is offline
that prick
 
Join Date: Jan 2011
Location: Nimbyland Paris, Museum France
Posts: 4,292
Although lots of locals can be stupidly annoying or rude, I wouldn't leave Paris.
It's too much of a fascinating city to live.

Quote:
Originally Posted by Steely Dan View Post
let's say you got stupid lucky tonight playing the lottery and woke up $5M richer tomorrow morning, are you sticking around your current town, or are you bolting for greener pastures elsewhere in the world?
$5M could buy me a larger apartment. Even though local real estate tends to be ridiculously overpriced, you may purchase something really good and comfy for that kind of money.
Maybe not in the most exclusive districts, but yeah, $5M is still a lot of money to me.
__________________
Ils ne savaient pas que c'était impossible, alors ils l'ont fait.
They didn't know it was impossible, so they did it.
That's partly what the Lord teaches about.
Reply With Quote
     
     
  #56  
Old Posted Oct 1, 2022, 3:32 PM
lio45 lio45 is online now
Registered User
 
Join Date: Aug 2007
Location: Quebec
Posts: 37,443
I get the point of the question.

Since I’m not stuck at all where I currently am, an extra $5M of wealth wouldn’t change anything. I’d invest it, and as a result, have a slightly larger portfolio. ($5M doesn’t really buy you that much nowadays.)

If I had approximately unlimited resources though, then that’s a different question: I’d almost certainly relocate. I’d become much more YOLO.
__________________
Suburbia is the worst capital sin / La soberbia es considerado el original y más serio de los pecados capitales
Reply With Quote
     
     
  #57  
Old Posted Oct 1, 2022, 3:40 PM
lio45 lio45 is online now
Registered User
 
Join Date: Aug 2007
Location: Quebec
Posts: 37,443
Quote:
Originally Posted by homebucket View Post
You're not getting that for $5 million.
Quote:
Originally Posted by iheartthed View Post
Yeah, you might be able to buy one of those things lol. Maybe $5 million could cover a condo in Philly and a nice farm in the Midwest. But a brownstone in livable condition in NYC is going to easily eat up $5 million.
Quote:
Originally Posted by bobdreamz View Post
For $5 Million you aren't getting a beach house in Miami!
It's a Condo for you!

Exactly. $5M is not chickenfeed but it’s not “let’s do whatever we want” money by any means.

The question could instead have been “would you decamp from your current city/region if you had enough means to do that right now?”

(At least half this forum would likely respond “I actually have the means to change regions right now, if I wanted, but I don’t”)
__________________
Suburbia is the worst capital sin / La soberbia es considerado el original y más serio de los pecados capitales
Reply With Quote
     
     
  #58  
Old Posted Oct 1, 2022, 3:57 PM
JManc's Avatar
JManc JManc is offline
Dryer lint inspector
 
Join Date: Feb 2003
Location: SF Bay Area
Posts: 34,910
I'd actually return to Houston. I already own a house there and we'd do some renovations and bank the rest of the cash in an index fund.
Reply With Quote
     
     
  #59  
Old Posted Oct 1, 2022, 5:23 PM
lio45 lio45 is online now
Registered User
 
Join Date: Aug 2007
Location: Quebec
Posts: 37,443
Quote:
Originally Posted by JManc View Post
I'd actually return to Houston. I already own a house there and we'd do some renovations and bank the rest of the cash in an index fund.
“There’s no place like home”. Amusing how true this is.

You’re in the Bay Area, but you’d rather live in Houston. You’re only in the Bay Area for $ / opportunity.

Contrast that with, say, what homebucket would say. He would probably not move to Houston, even for a better opportunity than what he’s currently got.
__________________
Suburbia is the worst capital sin / La soberbia es considerado el original y más serio de los pecados capitales
Reply With Quote
     
     
  #60  
Old Posted Oct 1, 2022, 5:39 PM
tdawg's Avatar
tdawg tdawg is offline
Registered User
 
Join Date: Jan 2007
Location: Astoria, NY
Posts: 2,897
I would probably buy a larger place with a view somewhere here in NYC as well as something either in Spain (maybe the Costa Brava) or South of France.
__________________
From my head via my fingers.
Reply With Quote
     
     
This discussion thread continues

Use the page links to the lower-right to go to the next page for additional posts
 
 
Reply

Go Back   SkyscraperPage Forum > Discussion Forums > City Discussions
Forum Jump


Thread Tools
Display Modes

Forum Jump


All times are GMT. The time now is 5:44 PM.

     

Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2022, vBulletin Solutions, Inc.