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The Almighty Buck

Journal nizo's Journal: Seems like we are beyond way too much here 15

Journal by nizo

From this article

Ex-76er Matt Geiger is living extra large in Tampa, Fla., off the Sixers' 6-year, $51 million they agreed to pay him in 1998. This, as detailed by the St. Petersburg Times, is what the Sixers' millions have bought for Geiger:

"A new, $13.5 million, 28,500-square-foot mansion built for the oversized 7-footer, complete with 8-foot doorways; 40 TVs all hooked up to satellite; 18 TV sets wired with Xbox; a 330,000-gallon pool out back with a cooking area designed by Outback; a winding water slide down a faux tropical island mountain; and a 5,200-square-foot guest house."

There's also a 9,000-square-foot downstairs entertainment level complete with bar, cigar bar, poker room, movie theater, a wall filled with big-screen TVs, a 3,000-gallon shark tank and a home gym.

Outside, there's a personal putting green and a manmade lake stocked with 2,500 largemouth bass. And, of course, every mansion needs animals. Geiger has 12 buffalo, 11 Watusi cattle, two donkeys, pet iguanas that live in his master mega-bathroom; a miniature horse and one cow on the 40-acre property.

A longer article with pictures is here

I am sure many people have even larger homes, including huge vacation houses that sit empty most of the time; this is just the most recent that I have run across. And I can see some of the customizations he has (taller doors/ceilings because of his height), but I am still just floored by this huge house (heck the guest house is more than twice as big as the new house I will soon be moving into). Also I have to wonder; in a given week/month/year, how much of this house does the guy enjoy or even see? I mean now and then I might think, "wow, I haven't been in this closet for awhile" but this guy must think to himself, "Wow, I haven't even seen my shark room in a few months". I would bet money there are several rooms (especially in the guest house) which he hasn't even seen more than once. How bizarre is that?

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Seems like we are beyond way too much here More

Seems like we are beyond way too much here

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  • I mean, it's his choice about how to spend his money, but this? And one miniature horse? I reallly feel sorry for that one. :-) I hope that he doesn't try to ride it. I mean "insane" in the "no connection to reality" sense.
  • all of those things would be neat to have, but then I get to thinking, what good would it do me........ the money could easily have been shaved to 10% of the cost, still provided an opulent living and then the rest can do more good.

    I do like that he allows parties only if they are thrown for a charity. Very classy. And from the sounds of it, he is just a great guy. The world could use more nice guys with influence and power.

    jason

    • Re:heh (Score:2)

      by nizo ( 81281 ) *
      Yeah I am not ragging on him or anything, and if he does good with his money that is a big plus. Plus I am sure there are plenty of people who have gone through way more money in other bizarre ways. I just find it hard to grasp actually living someplace like this. I mean heck don't get me wrong it would be nice, but how much space/stuff does one person really need?? Then again, he probably employs a small army of staff to keep the place running, which is not so bad. That too is a weird thing to think about.
  • The only reason this story was published, posted, and finally read by us is that it is bizarre. Most people never even become millionaires, let alone worth $51 million. The media loves to focus on the few freak cases where the rich hyper-consume. What they need to do is come back again to this guy in 10, 20, and 50 years to see how much money he has left. If he keeps spending at this rate, he's not likely to have much of anything.

    Everyone should be wary of how this affects their attitude toward mone
    • True, all the "normal" millionaires would probably be pretty boring. The mentality of "more is better" is a scary one. I figure TV shows like the Home Makeover one kind of prey on this mentality too; note that they don't just a minimal house "fixup" for these deserving folks, but instead go insanely overboard (LCD TVs in every room, every kid gets a new car, crap like that). Instead of taking money that could be used to help out hundreds of deserving families, they splurg a gigantic pile on a single family
    • My concern is not so much that they only present the 'bizarre', but that it's not presented in that manner. This is the goal to achieve. This is the level of opulence you should want. Then weak minded individuals feel they need to refi their mortgage once every so often to buy new toys, new SUVs, and all sorts of other shit.

      A favorite joke of my brother and I are the number of people who have huge houses and $50,000 cars. But, they have hardly any furniture inside, and are never home to enjoy their McMansi
      • Heh, I think you hit it right on the nose. I am happy driving a used 1999 car. My TV is a crappy old thing I bought at a yard sale for something like $10 (I have had it for over 10 years now). I spend money on bills, my kids, books, and electronic crap. When I bought my condo I wanted something that would be easy to maintain; I am moving to a house that my fiance is buying through a special HUD program. To me the house is HUGE (like 2300 square feet). That said I would be happiest if it didn't get filled wi
        • Sounds like you're already living the lifestyle where you can invest 15-25% of your income. After 20-30 years you of doing that, you would either be a millionaire or on the way to becoming one.
        • I find myself enjoying things much more after a bit of saving and waiting.

          My house is only about 1500 sq. ft (thank you FHA), and I would like another 1000 or so to make room for more kids. And to do some hobby stuff inside instead of on the driveway:)

          My first car (parents bought for me) is the only car I've ever had new. The other four all used. My current ride is a 1996, and I just clicked past 70,000 miles yesterday.

      • If by McMansion, you mean "normal house on a half acre", then yes, you've pegged much of Montgomery county. ;)

        Don't worry, what I lack in furniture I make up in retirement savings (25% of gross). And fuck-a-damn refi- we went 30yr fixed- shit ain't ever gonna be THIS low again.

        p.s.-we just ordered BOOKSHELVES!!! OMGWTFLOLBBQ!
        • Half acre? Come down to Charles Co. 4000 sq. feet on 1/4 acre, $400,000.

          I can't sock away as much in retirement. Only one income, and gotta pay for the brat's college.

          At least I know who to rob to pay for my cat food in another 45 years.

      • Have you ever read the Millionaire Next Door? Your point is one of the things they mention in that book. It's actually an interesting read if you haven't gotten to it yet. I highly recommend the book and, in fact, I plan to write about it in an upcoming journal.

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