Mies van der Rohe: Castle Insure
on Monday, January 13, 2020Ludwig Mies van der Rohe Money Quote saying insurance is so costly on castles, that you can save up for a castle with unpaid insurance money. Ludwig Mies van der Rohe said:
“Simply by not owning three medium-sized castles in Tuscany I have saved enough money in the last forty years on insurance premiums alone to buy a medium-sized castle in Tuscany” — Ludwig Mies van der Rohe
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In this quote, architect Ludwig Mies van der Rohe seems to be making a wry observation about the costs associated with maintaining significant real estate holdings. By noting that over 40 years, the money he saved by not owning three medium castles in Tuscany was enough just in insurance premiums to buy one castle, Mies van der Rohe humorously illustrates how expenses accumulate over time.
The quote implies that large properties entail substantial ongoing financial obligations, and focuses on insurance as one example cost. Overall, Mies van der Rohe appears to be using ironic understatement to comically comment on the long-term fiscal impacts of possessing very expensive real estate assets.