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Most people dream of the big house. White pile fence, maybe a few extra bedrooms and a barbecue running around and a large enough courtyard for children. A more beautiful house feels like a final milestone – the proof you do. And if a good home life makes life better, then a mansion that expands must make it perfect, right?
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Warren Buffett’s long -time right -man billionaire Charlie Munger in Berkshire Hathaway. Munger, who passed away at the age of 99, could provide any land he wanted. Yet, Just like buffettHe chose to live in the same modest Los Angeles house for twenty years. And he insisted that the decision was not about deprivation – he was about wisdom.
Munger knew better than real estate. He started his career as a real estate lawyer and worked in the development of Buffett and before combining his forces. Over the years, his friends watched that they were rich and built what he called “really fancy houses.” The result was not what people expected. “Practically I can say in any case, they make the person less happy, not happier,” He said in a CNBC interview It was recorded only weeks before his death.
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He accepted the objection. A basic house said, “It really helps you.” Is it a big one? Not too much. “It is good to have a really fancy house, to entertain 100 people at the same time. It is very expensive to do it. And it’s not that good.”
The option of avoiding this lifestyle was black. “I decided not to live a life that I look like Westchester Duke. And I will avoid it. I did it knowingly.”
And the effects of fluctuation went beyond his own happiness. Munger admitted that a palace -like house could harm the growth of children of their children. “I didn’t think it would be good for children,” he said. “You are growing in a rich family, your duty is to use wealth and to live greatly. This is what everyone does with money. You will learn from the people who do it.”
This is a perspective that can feel unreasonable in today’s market that buyers extend their budgets for larger houses and convince. More square image means more satisfaction. Nevertheless, Munger’s observation – that mansions can create more problems than joy – describes a fact that people still take into account.
And even though not everyone gets a clue from a billionaire, the disappointment around the host today is real. Interest rates are still high and the sellers are reluctant to reduce prices, and buyers often feel stuck in Gridlock. Even if you extend your budget, the repair and maintenance cost may be filed quickly.
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Munger’s purpose was not that the houses were not important. A comfortable, well -groomed house, “I can really help you”, as put. However, for appearances or away from the belief in which it guarantees happiness, it usually recoils. His friends built mansions; He built stability. Finally, he said that the expanding properties left their owners less happy.
For anyone He caught a larger and more flashy raceHis words go down like cold water splashing. Perhaps the secret is not to buy the most fancy house in the block – but it may be enough to remember that even billionaires know a modest house.
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This article Billionaire Charlie Munger said that people think that ‘a really fancy house’ is the key to happiness, but ‘in practice in practice’ it makes the opposite It appeared initially Benzinka.com
