Two Stories About People Renting Apartments For Their Cats
What would you do with an extra $1,500 per month? Personally, I would invest every penny into index funds through my tax-sheltered accounts. Once those accounts were maxed out, I would start saving for another income property or pay down my mortgage.
What I would not, ever do is rent a second apartment for my cats to live in by themselves.
As reported in the Mercury that is exactly what Troy Good, a custom furniture maker in San Francisco, is doing.
The cats were actually his daughters, who could not take them with her when she moved away for University. Troy and his daughter would be heartbroken if they had to give the cats away.
So far, I am totally on board.
The logical next step would be for Troy to take the cats into his home. Except Troy and his finance recently moved into a new apartment.
You might be thinking, “oh the apartment must not allow pets.”
The apartment does allow pets. Troy and his fiancé moved into the apartment with their dog.
You might be thinking, “oh the dog must have been terrorizing the cats”.
The dog was not terrorizing the cats. Troy told the Mercury that he worried about the cats picking on the dog. To ease his worry about the cats and dog not getting along, he rented a $1,500 studio apartment for the two cats to live in.
I don’t know how much custom furniture makers earn, apparently a hell of a lot. Even still, the idea of paying $1,500 per month ($18,000 per year) for an apartment for two cats to live in is an incredible waste of money, no matter how much money you have.
The headline and the story are funny and a little embarrassing to consider. It invokes an “only in Silicon Valley!” type of response. When you consider that San Francisco has a homeless population of over 7,500, the idea of renting an apartment to two cats seems a bit gross.
You might be thinking What’s more outrageous than renting a $1,500 per month apartment for your cats? The answer would be Renting a $6,000per month apartment for your cats.
Chuck Blazer a former FIFA official at one time rented two apartments at the Trump Tower overlooking Central Park in New York City. He personally occupied an $18,000 per month apartment and rented the neighboring apartment for $6,000 per month for his cats to live in.
Blazer, who pled guilty in 2013 to charges which included bribery, money laundering, and tax evasion ended up going undercover to inform on other FIBA officials to avoid a 75-year jail sentence.
Presumably, he had to give up the apartment for his cats as part of his plea deal.