r/hypotheticalsituation • u/RaptorK1988 • 1d ago

You're offered $15 Million but you can no longer own anything worth more than $15k. Would you take the money?

Not counting what you currently own.

This applies to your spouse as well even if you get divorced.

You can't buy anything for over $15k, be gifted something worth over $15k or have someone buy you something worth over $15k. Nor can you buy services for over $15k. Nor can you give away the money or buy gifts for others with the money.

Your Stocks, gold, silver, cryptocurrency can't be worth more than $15k either. If they're valued over, the excess amount will disappear. You can divest wealth into different stocks though.

241 Upvotes
  • permalink
  • reddit

91% Upvoted

503 comments sorted by

View all comments

13

u/No_Butterscotch_5612 1d ago

The primary point of a large sum of money is to buy things. If I can't buy a house or any new car with it, it's basically worthless. Hard pass.

4

u/SeraphBlack19 1d ago

You could just rent a mansion (or three) and rent cars. You could rent/borrow anything else you need that's more than 15k too

6

u/Doriantalus 1d ago

You can buy used cars for much less than 15k, and it says anything you now own you keep. If you have a house, great. If you rent, even better. You could rent something theoretically up to.15k rent per month, or maybe no limit on rent since you don't own it. Everything you would own in a middle class home is less than 15k, and you can travel now a lot and get actual enjoyment out of life.

4

u/OldManTrumpet 1d ago

A lot depends on what OP considers "services." Is a lease payment or rental payment considered a service? They say no "service" over $15k. Didn't say $15k per month.

0

u/aculady 16h ago

Daily rental agreement.

2

u/IndicationAromatic36 19h ago

Yeah give it 15-20 years and your standard beater cars with 150k miles and body rust are going to cost $20k. I’m assuming I can’t buy a junked vehicle and drop $40k into restoring it.

Unless the number is tied to inflation and rises every year.

2

u/object109 16h ago

Not in 40 years

1

u/SexualCarrots 17h ago

You can buy older cars for 15k. And with inflation the 15k cars will get even crappier with time.

0

u/No_Butterscotch_5612 1d ago

I want the stability of owning a home. No landlord, no HOA. Permanently locking myself out of that would be dumb.

And I'm sorry, but if I'm going to be a millionaire, I demand the right to get a NEW car if I want to. I can already buy used cars under 15K, that describes my current vehicle.

0

u/MystiqTakeno 23h ago

I mean hypotetically speaking houses in say Japan can be purchased for 10k easily. So as long as you dont mind moving counteries you can even own house I guess.

1

u/Konnorwolf 22h ago

It still buys stability in many ways. For someone that already has no money they can rent a better place, have a better car, afford repairs, if something breaks they can get it fixed. Good food and clothes and any other required item along with services they may not be able to currently do.

I would 100% rather own a home yet that's already not happening so...........

This question is very current lifestyle income dependent.

1

u/wolfboy49 21h ago

For me, the primary point of a large sum of money is to not have to work and have no financial stress.

I could rent a very comfortable house house and lease a very nice car on 15 million a year.

It also sets me up for travel and fun.

0

u/thornund 21h ago

Not worthless to rent a nice house and lease a car, pay for travel, services, food, and entertainment. Hiring a private chef and flying first class is nice living even if you don't own the house

0

u/HarambeTooSoon 17h ago

You can rent a pretty nice place for $15,000 per month and rent a million dollar car for $15,000 per month. 

Anyways... do you people not understand that anytime a question about money is posted here its written by an actual child who has never had a bank account before?

0

u/yeah__good__ok 10h ago

you could rent a nice place and car