I have asked this question to countless people (mostly in hair salons) as an alternative to small talk, and it always yields interesting results.
Rules:
- You get the money right now, right where you are. If it’s 10pm and you’re in the middle of nowhere, your money will still go poof at 11pm.
- As a result of the above, tell us what time it is and roughly where you are (big city, desert, small town, …)
- You must spend the money. You cannot give it to someone to hold on to it for you for a while.
- Normal world rules apply, e.g. you cannot buy a $250k car at a dealership in 1h in cash, and you cannot buy a house in 1h either.
- Remember that getting from where you are to the place you need to go takes time. Factor that in!
Edit: I’m glad you guys had fun with this one. Feel free to post similar hypothetical questions. I kinda like these.
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real estate
No chance you could buy real estate in cash within an hour - unless you happened to already be in the process of buying something when this happened
Yeah probably. Bad idea.
Nope. You can’t buy a house with cash in 1hr. Unless you just randomly walk up to a home owner and ask them to sell their house to you. And even then, they’d be suspicious if you gave them cash. They’d think it’s counterfeit money.
Yeah frankly you’d be an idiot to agree if some random guy came up to you and said "I want to buy your house for $1mil cash but you have to agree literally this very second and come with me right now to do the paperwork lol
My landlord is dumb, broke, and open to selling the house she’s renting to me and my roommates. I think she’d take 1 mil in cash and not ask too many questions.