Millionaire Son in Law Chapter 3656
Welcome, please read this chapter to follow the continuing narrative.
- Andrew’s perspective on house buying is revealed to be a flawed investment strategy.
- The significant hidden costs and depreciation associated with luxury assets are highlighted.
- Andrew is metaphorically deemed unsuitable for managing family business assets.
Moreover, according to Andrew buying a house itself is also an investment to use as an excuse.
However, normal people buy a house, which is indeed an investment, but he Andrew to buy a house is completely pay IQ tax.
50 million villa, comes with 20 million decoration, can turnkey, sell him 100 million, he also thinks it is a good deal.
And the villa bought, need to buy a variety of items, including a variety of daily necessities as well as cars, yachts, and even helicopters.
In addition, it also requires a lot of human and material resources to maintain, to ensure that you can go to live at any time, and always have a maid to provide services.
So this one hundred million to buy the villa, buy a car, to buy a yacht, to buy a helicopter, may have to smash in tens of millions.
Then these thing’s depreciation costs are amazingly high, a year’s depreciation is 10 million easily, and the entire villa and a variety of equipment maintenance costs also have to be in tens of millions, plus staff wages, it is absolutely astronomical.
In other words, a villa left untouched, a year will have to throw in 20 million.
If he makes two trips a year, the cost of this will increase again.
Five years later, the original value of $70 million villa may indeed go up, up to 100 million, or even 100 million.
But the five years into the maintenance costs, depreciation costs, at least more than 100 million.
When buying a hundred million, smashed more than a hundred million, and finally can only sell it for a hundred million, this can be considered a f.art investment?
Before because the Wade family has a lot of money, so he spent a few hundred million or even a dozen million a year by various means, while in the Wade family it is not a big deal, so the old man also did not bother to pursue.
But now if you let him go to the Aron’s family business management, it is the same as a pig to a group of ants as the boss of the family.
The pig can not be a good boss first put aside, the group of ants work hard to get that little food, even if they do not eat a bite, may not be able to feed him.