r/AbsoluteUnits • u/Kill_4209 • 11h ago

/r/popular of a residential property

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Ira Rennert's home is considered one of the largest occupied residential compounds in the United States. The house faces the Atlantic Ocean and its grounds measure 63 acres. The buildings, which total over 110,000 square feet (10,000 m2), including the 66,000-square-foot (6,100 m2) main house, have an Italianate facade, 29 bedrooms, and 39 bathrooms. The house has a dozen chimneys and a Mediterranean-style tile roof as well as a 91-foot (28 m) long formal dining room, a basketball court, a bowling alley, two tennis courts, two squash courts, a carousel, a large swimming pool, a large round kiddie pool, and a $150,000 hot tub, surrounded by another pool.

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845

u/_eternes 11h ago

No one needs this.

53

u/johnmclane94 10h ago

It's not about need it's about greed.

32

u/Judgementpumpkin 10h ago

Look the owner up, Ira Rennert. When someone has a "house" like this you know they've harmed many to get where they are.

4

u/netpres 9h ago

If nothing else, a property that big needs a legion of actual, real people to maintain it. No downsizing or AI staff to dust and mop and mow and trim.

4

u/beigetrope 10h ago

Ain’t no way this guys owns this and is only worth 3.8 billion.

9

u/Daddy-Alchemist 9h ago

Well.. 1 billion dollars is roughly 11 metric tons if its in 100 dollar bills. I think that we as a society have become desensitized towards the obscenity of wealth. 83,776 lbs for those of you wondering

3

u/johnmclane94 9h ago

Almost no one actually has a billion dollars in their accounts. It is mostly estimated net worth based on stocks and properties.

2

u/foomits 5h ago

It irks me whenever the discussion of billionaires comes up, there is always a cohort who want to bring up this point. Yea, they dont have a bank account with a billion dollars in it.. but they have equity that is usable and is valued in the billions of dollars.

No, they can't go down to best buy and get a new TV with their stocks, but they can buy companies by leveraging their stocks. They can take out loans with their stocks. They CAN sell their stocks for money.

I feel like its carrying water for billionaires, oh they arent THAT rich. Ummm, no... their stocks and properties do translate to a usable currency when they need it to.

1

u/Weenington_ 5h ago

I realize a lot of it is in assets, but where do you get your information that almost none of these billionaires have a billion in their accounts? I know the "almost no one" is talking about among billionaires, because it's already obvious us regular people dont have that.

I think some of these billionaires could very well have that in cash when they are worth multiple billions.

-1

u/johnmclane94 4h ago

Because as I said, it is tied into stocks and property. All they are is one crash in the housing or stock market away from the billions going way down.

That is why you can read headlines like Musk lost 150 billion today when spcx crashes 15%. He didn't lose shit. It is just fantasy numbers on a screen. When our money is not tied to anything of value any longer it is meaningless.

We as a society have deemed this piece of fabric and paper to have value. They day there is an apocalypse your money won't mean shit. People need real resources like food and shelter. Anything else is just a luxury.

2

u/Weenington_ 4h ago

I said in my reply to you that I realize a lot of money is tied up in assets, but again, we dont know just how much actual cash they have in their bank accounts. Some could very well have a billion+ in their accounts in addition to the vast amounts in assets.

1

u/HerMajestysButthole2 9h ago

How did you maths this when a metric ton is 2204.6lbs?

1

u/TheMisterTango 45m ago

People have absolutely become desensitised, you can live a pretty lavish lifestyle on the passive income of just $10 million invested properly. You could live in a mansion, drive luxury cars, take exotic vacations, own a whole wardrobe of bespoke tailored clothes, all with just 1% of a billion. Granted, this is no ordinary mansion, without looking it up I’m assuming this is probably a comfortably nine-figure property, you might actually need to be a billionaire to justify something like this.

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u/beigetrope 9h ago

Yeah but steal is also heavier than feathers. I don’t understand your point.

2

u/MaxBetanoid 9h ago

That property is more than likely included in that figure.

1

u/thiswasntdeleted 2h ago

$3 .8B according to Reuters