Allocation of rent.

.- There exists an elite class of people who can decide for "the masses" the proper allocation of resources to result in the maximum prosperity.Absent tyranny, the correct decision about when someone has accumulated "too much" is made by that person who accumulated it.

I also think sometimes people underestimate or don't properly account for longer term cap ex costs so there is some money allocated there as well (maybe more than some people allocate).

We allocate 100% of the money to an SP500 Index Fund.

I don't have energy around theoretical debates...I have a family to support and capital to allocate.

Even being able to afford it, that seems to me to be a poor resource allocation, not any different than personally living in a million dollar house or spending $1000 to eat out. 

And, because you have been depreciating, you know what your original depreciation basis was for the dwelling structure and how much of your purchase price was allocated to the land at the time of your purchase.  

As a side note, I did a research project on lotteries back when I was an undergraduate, and as it turned out most of the states simply eventually substituted regular expenditure for lottery money - in other words, all the benefits such as increased money for education et al were never realized since the states just used the money that had been allocated before the lottery to do tax cuts or spend on other projects. 

@Ryan Murdock check out this link on how to allocate money https://i.imgur.com/u0ocDRI.png As others have said it depends a lot on your current financial standing but also you have one chance to live your life so don't stay at home every weekend eating ramen in the corner, go out and have some fun!

Every time I want a new toy or a liability, my agreement with my wife is that I just have to do another deal that pays for it and allocate those funds appropriately.