The article I linked to yesterday about the potential AI bubble focused on Larry Ellison, founder and CEO of Oracle, who has invested much of his personal fortune and borrowed heavily in order to compete in the AI race. The opening sentence had a parenthetical remark that got my attention, which was was “Larry Ellison woke up in his 33-bedroom, 34-bathroom oceanfront mansion in Florida.” This is part of what has become known as real estate porn, where we are invited to vicariously experience how the rich and famous live. It is of course no secret that these people compete with each other for status symbols that display their wealth in the form of such mansions, luxury yachts, private jets, and even private islands.
But I began to wonder as to whether anyone would ever need so many bedrooms and bathrooms, other than to boast about them. The answer probably is that no one needs them, they just serve as wealth markers. But who stays in them on a regular basis? Are they mostly empty?
This got me thinking about the massive castles of Europe that likely serve as the inspiration for these modern day monstrosities, one of the most iconic being Buckingham Palace in London. It has 19 State Rooms, 52 Royal and guest bedrooms, 188 Staff bedrooms, 92 Offices, and 78 Bathrooms.
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