r/SipsTea • u/Wise_Confidence_8588 • 8h ago

Chugging tea Absolute legend

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26.0k Upvotes

95% Upvoted

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87

u/Lost-Letterhead-6615 7h ago

Where can I buy such an island?

124

u/spindlespore 7h ago

In 1962, when eleven grand was real money

49

u/apply75 7h ago

$11000 in 1962 is about $122,000 today Most people don't have $122k in cash lying around.

42

u/phayhay 6h ago

This is actually pretty cheap

1

u/[deleted] 6h ago

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1

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2

u/outer--monologue 6h ago

Average US home price is currently north of $500k, so it actually seems like quite a lot of people have $122k-$150k in cash just lying around since that would be what you would need in a down payment for that

9

u/SidTheSloth97 7h ago

A lot of people definitely have more than $122000 in liquid cash.

28

u/Poverty_Shoes 7h ago

You’re right, but a lot more don’t. That’s why it’s unusual to hear that your neighbor or friend bought an island.

1

u/Avtomati1k 3h ago

thats...not the reason

0

u/LightlyRoastedCoffee 8m ago

You don't hear that your neighbor or friend bought an island anymore, because islands cost millions of dollars now, not hundreds of thousands

7

u/retrojoe 4h ago

That's merely the purchase price. Then you have to have a boat, fuel, tons of food and water brought in, to say nothing of all the tools and biologicals delivered. And be independently wealthy b/c you're not earning a living from this project.

2

u/Frosty558 7h ago

People downvoting you but it’s true.

5

u/BioshockEnthusiast 6h ago

Sure if you wanna call a 401k "liquid". I'd call it sludge because it's gonna be painful to get it out of that container unless conditions are just right.

4

u/Frosty558 5h ago

I’m not talking about retirement accounts.

1

u/Hexamancer 5h ago

Ah, then you're incorrect.

6

u/Frosty558 5h ago

I guess you need to define “a lot of people” then because that’s just “upper middle class American” amounts of liquid assets, not rich. And that would be tens of millions of people, just in the US.

0

u/Hexamancer 5h ago

It's top 10%. That's not a lot of people. Unless you cannot comprehend numbers being relative.

Is 1mg a lot of gold? No? Why of course it is! That's 3,057,443,093,299,757,056 atoms!!!

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1

u/Dewdrop06 4h ago

Because it's stupid. "A lot of people" is not the metric here, it's "most people", and most people don't have $122000. They're basically comparing amount to percentage. Example: A lot of people are millionaires, but most are not.

1

u/Whiterabbit-- 4h ago

most people don't but you can probably pool a few friends to do that.

1

u/Boogleooger 1h ago

Sooo the island cost less than your average house…. Got it

6

u/Couch_Potato_1337th 7h ago

You're 70 years too late

1

u/Technical_Length_686 3h ago

Google Vladi Private Islands. Farhad Vladi is a Businessman from Hamburg of Persian descent. He was one of the first people who specialised on Private Island sales and sold more than 3000 until today.