Second homes are the classic rich-person trap, the thing that looks great on paper but that you end up regretting for a long long while. I’ve never understood the idea of becoming extremely rich only to accumulate 10 properties, 30 cars and endless material assets that need to be maintained, insured, staffed and constantly thought about. At some point you’ve basically created a small company whose only job is managing your stuff. And then the assets start dictating your life. You bought the house in Tuscany so now you feel like you should spend every summer there. You own the London flat so you keep going back even if somewhere else would be more fun. The things you bought to give yourself more options end up reducing them. If I had that level of money, I’d want the exact opposite: maximum optionality and as little dependence as possible. Spend three months in London, winter in Dubai, summer in Italy, stay in the best places and leave the second the weather, politics or taxes become annoying. Own the very few things that genuinely anchor my life, rent almost everything else and remain dependent on no asset, city or government. The economics are even more absurd here: nearly £1m of stamp duty on a £5m London flat, before service charges, repairs and exposure to whatever tax the next government invents. That alone can fund years of renting somewhere better. Ownership makes sense when it gives you stability. Beyond that, every additional asset is another small administrative job. The ultimate luxury isn’t owning everything. It’s being able to access almost anything while being trapped by almost nothing.

there’s around 4k aircraft and another 6k engines at the boneyard. if we assume an average of 2.5 engines per plane at 20 MW, then we’re looking at around 320 GW of power capacity. for context, as of writing this, the entire US grid is using 400 GW. wild

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