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Old 08-01-2019, 11:17 AM   #2643
Greedy,Greedy,Greedy
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Re: What elephant?

Quote:
Originally Posted by ThurgreedMarshall View Post
I think the idea is to not draw any attention to the asset which is serving as your looted money-hiding spot.

But even if that's not the situation, for us, sure, renting it makes perfect sense. But if you have a $30 million dollar apartment, getting $10k a month for it probably seems ridiculous. Hell, I know people who won't rent out places they use for a weekend once a year and they're only kinda rich.

TM
Besides, if you suddenly need to get out of Dodge and use your carefully planned soft landing, you want to be able to show up and walk in the door of any place you decide to go, whether in the US, Australia, Canada, or England.

Look at it this way - lots of people keep a few different safe deposit boxes for some valuables and a few legal papers. These folks just use $30M apartments as safe deposit boxes, and part of the value they're holding is the box itself.
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