I could have bought an estate several times larger than the one I currently own, but you reach a point where the quality of your life is reduced as things get bigger.
Fourty eight rooms ? Do you have 48 relatives ? Is it a hotel ? If you need a golf cart to visit parts of your estate, it's too big.
I'm the most famous painter that ever lived, but I don't want to live in a museum.
Over the top art everywhere, marble on every corner, billion bulb chandeliers, statues leering around each bend, mozaics, ornate everything. It's too much.
And there's the "livability" factor. You can't relax on a $50,000 chair...you might tear a thread or leave a stain, or wear a spot on the rug, or scratch the Italian marble. Yuck. Too much stress.

Well, duh..... People that can invest in this kind of luxury property don't have to worry about paying for the maintenance, taxes,etc.

I think of the homless people who could live there or of the money that could go to helpful causes. I know that it is their money to spend as they like but I don't know how they don't feel wierd living so large then there are so many wanting in the world. Why do you need a place so big anyway, your body can only take up so much space at a time. It must be a status thing. I know there are rich people who give a lot to charity but there are many more who don't.