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Old 07-31-2016, 08:23 AM   #321
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You may be asking for indicators of wealth but all I see posted are indicators of spending.

Whether a private jet, Maserati or a mansion, they don't indicate wealth. They could indicate wealth, but everyone on this forum has stories about the 'rich' guy down the street who was really $1MM in the hole.

I'm not sure there is a true physical indicator although there may be intangible ones. An intangible indicator might be waking up every morning knowing that you can do whatever you want to do and not worry about how to pay for it.
I get your point, but I think most people are assuming these people can afford what they buy. Otherwise, of course, they wouldn't be "rich".

Some other indicators for me would be buying dinner for family and friends without hesitation, taking family and friends on exotic trips where they never have to pull their wallets out, paying for a private school education for daughter, etc. Lots of "classy" ways to spend money that wouldn't be viewed as conspicuous consumption.
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Old 07-31-2016, 10:30 AM   #322
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I find treating friends is a touchy subject. Sure they will accept on dinner on us if we have stayed with them. Sometimes they will accept us picking up the wine if we picked an extra pricey one. Otherwise, it is pretty balanced in terms of payment.

Family can be very different though.
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Old 07-31-2016, 04:17 PM   #323
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Yes, a sign of wealth is if you have enough to share with others, first with family, then friends, and the public. However, Ebenezer Scrooge did not share, and yet one cannot say he is not rich.

Anyway, because we somehow got into the parallel track of "booze wealth", I decided to pull the bottles out of one cabinet to see what I stashed away. And I took a photo.

This is 1 of my 3 stash locations. And I have some bottles up in the 2nd home, but less than this. I have significantly more in wine bottles.

Well, is this wealth? It may look like a lot of booze, but in dollar sense, no. I can replace all my bottles, the XO's included, for a couple of $K, and who does not have a few $K? It's all about what one chooses to do with his money.

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Old 07-31-2016, 04:52 PM   #324
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Nice collection! What's in the black bottle with the gold Asian script?
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Old 07-31-2016, 05:02 PM   #325
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Sake. So is the blue bottle next to it. Gifts from my beloved children.

One year, they asked what liquor I'd like to sample, and I told them.
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Old 07-31-2016, 05:05 PM   #326
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Ah sake, I know it well and have a couple bottles here for Japanese take out -
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Old 07-31-2016, 05:10 PM   #327
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For something more exotic, try Ng Ka Py, a Chinese liquor. It's been decades since I have had a bottle. Don't know who stocks it though. I forget about this till now.

PS. Just found out that John Steinbeck liked it.
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Old 07-31-2016, 07:01 PM   #328
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This was before the prices went through the roof!


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Old 07-31-2016, 07:07 PM   #329
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A Scotch man appears!
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Old 07-31-2016, 07:20 PM   #330
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All right!

Why do Scotch bottles come in round canisters? My bottle of Oban comes like that, but I did not know it's a tradition.
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Old 07-31-2016, 08:15 PM   #331
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Not all do. This one came in a red "fold open hex box" that my girlfriend said looked like a coffin;

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Old 07-31-2016, 08:22 PM   #332
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Well, since I found my long-missing bottle of Oban, I am going to pour myself a shot tonight after dinner to renew my self-education effort of learning to appreciate single-malt Scotch.

I think I still have a bottle of common Johnny Walker Black Label, and I should try to distinguish the difference.
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Old 07-31-2016, 08:33 PM   #333
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I got two bottles of the JW Explorers Club Silk Road at an airport DF store before they had to pull the plug on the name.
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Old 07-31-2016, 08:45 PM   #334
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I'll pour a "wee dram" of the rare cask too. There's not much left. That was last year's Christmas present to myself.
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Old 07-31-2016, 10:26 PM   #335
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All right!

Why do Scotch bottles come in round canisters? My bottle of Oban comes like that, but I did not know it's a tradition.


I found that packaging very handy for checking in baggage; just stuff in a few T-shirts to pad it and it's good to go! The original design might have been to protect the bottles from banging against each other.
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Old 08-01-2016, 01:25 AM   #336
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We rented out a modest townhouse we owned, and when we visited it to fix something or to inspect, we noticed that ours was one of the cheapest vehicles (by far) in the parking lot. People with $250K townhouses without garages, parked BMW, Mercedes, or Cadillac in their assigned spaces. One couple had matched BMW 7-series sedans! It seemed a bit upside-down to me, but to each to his own.

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If I parked a Maserati in the driveway of my modest tract house the neighbors would not look at me the same and I would need a bigger house in a more "upscale" neighborhood. And that would be expensive.
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Old 08-01-2016, 07:07 AM   #337
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We rented out a modest townhouse we owned, and when we visited it to fix something or to inspect, we noticed that ours was one of the cheapest vehicles (by far) in the parking lot. People with $250K townhouses without garages, parked BMW, Mercedes, or Cadillac in their assigned spaces. One couple had matched BMW 7-series sedans! It seemed a bit upside-down to me, but to each to his own.

No doubt most were leased, too.


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Old 08-01-2016, 07:35 AM   #338
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We rented out a modest townhouse we owned, and when we visited it to fix something or to inspect, we noticed that ours was one of the cheapest vehicles (by far) in the parking lot. People with $250K townhouses without garages, parked BMW, Mercedes, or Cadillac in their assigned spaces. One couple had matched BMW 7-series sedans! It seemed a bit upside-down to me, but to each to his own.
We live in a development with townhomes in the $500K-600K range. Our neighbors a couple in their late 50's with 2 matching late model leased BMWs requested a deadline extension to pay a $1500 assessment levied by the association. Their unit is also mortgaged to the max but they never miss a golf deadline....
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Old 08-01-2016, 07:37 AM   #339
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Even so, those would've been pricey leases, and somebody had to come up with a lease down payment.

We are of the "drive cheap and live in a nicer house" camp, but as I said, that's just us. The nicer house costs vastly more to maintain, property taxes are twice as high, etc. And those townhouses, while nothing to brag about, were hardly what you'd call slum homes. So I think the inhabitants just managed their desire for luxury differently.

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No doubt most were leased, too.


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Old 08-01-2016, 07:43 AM   #340
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Even so, those would've been pricey leases, and somebody had to come up with a lease down payment.
Putting a down payment on a car lease can be optional and generally not a good idea to do so. The dealers usually advertise a low lease payment with a substantial down payment to entice applicants as the down payment just reduces the loan amount. With good credit, one can roll the down payment into the leased amount which will make the monthly payment higher. It's smart to do that as if the car gets wrecked early on, there is no recovery on the down payment if you paid it.

I suppose you could also put the down payment on a credit card if the dealer insists on one.
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