Funny you say that, cause I was feeling the same way!!

@@sunvegetaif we all pool together, we can afford 2 hours aboard this thing!

@@JudgeDredd_ 🤣🤣👍👍

@@JudgeDredd_ And we will all paddle too!

The two best days in a boat owner's life are the day they buy the boat and the day they sell it.

that is true... anyone below 50 million net worth should not consider buying a yacht above 1 million price tag

@@Iamalemonwhy you need 50 million annual profit from business to buy that thing

Thanks, that was kind of confusing.

🤯

Even Wall Street Journal misunderstood that. They tagged it as "$1800/Sq. In."

That still doesn't make sense because hull shapes vary hugely. Then you've got the super structure which also varies widely. A long hull with a thin beam will be quicker that a deeper drafted vessel of the same length, or with a wider beam. I guess he $1800 per inch is a reference but it shouldn't be considered more than a very very rough guide.

The *one* time where it is about the length 😏

Yes they call Fort Lauderdale “Venice of America” massive beautiful boats. Great point on the crew also. I’ve noticed that too with boat crews. They are almost always amazing, interesting, adventurous people. I Love Florida 🌴🌅🌊☀️

It´s because these people focus on their residual income instead of amount in the bank. I hate to sound like those wealth guru´s but this is actually how it works. $40m a year is peanuts if you earn $1million every 10min

Its for tax saving The owner probably a invstor/founder in a publically trded company he pledge his shares to get loan to buy his yacht with this loan he dont need to pay income tax

If you’re buying a 300M yacht, you’re probably worth 10B+ at least….. and your yearly income insane.

@@MelonEsuk yea, he’s the owner of Harbor Freight

especially if you choose to not live the lifestyle and are just choosing as a monthly outing. you will never see the full potential realized in service and should opt for private charters to get a similar experience. if you want to circumnavigate get a smaller boat that can utilize wind!

Your client sure chose one of the most cliche sayings about boat ownership

Yeah, that’s a pretty original and profound client you have there…

Is happiness considered an "Accounts Receivable" or an "Earned Revenue?" If it is neither, why would you waste client hours in discussion as a professional?

Nah that brother broke

You care for the environment, and I will have fun on the yacht.

No one gives an f about the climate scam

You too wouldn’t care about the environment if you had money. You cling to it because you hate seeing other people with money and it validates your miserable life 😂😂

@@duckies717 If that what you think. Some one that has to be insulting like you says a lot about you.

@@duckies717 na. I agree w his comment and im not miserable. The rich only care about anything that keeps them rich

Depreciation is heavily influenced by deferred maintenance and upgrades. In this category most yachts are 1 of 1 so it's really difficult to say what it will sell for in 5 or 10 years. There are some yachts that sell at 3 years for more than they cost new.

you dont buy new yachts.... you buy 5 to 8 year old yachts and then do the interior work yourself

Cars, on average, lose half their value in 3 years.

Cars lose value driving out of the dealership; super yachts don't. Depending on the market and the awesomeness of your vessel, you could actually sell your yacht for _more_ than it cost you because another rich person is willing to pay extra to have a new(ish) yacht "right now" than waiting a few years for their custom build.

its a status symbol, much more impressive to invite business partners and other peers onto your yatch than a rented yatch

I don't think you have any concept for exactly how rich some people are. The ones buying yachts like these could afford an entire fleet of them if they wanted. They entirely delegate all the work for overseeing maintenance It's the modern equivalent of having a lawn 200 years ago. It's all about showing off how much money you can throw away

@@mikea5745 I am involved in mergers and acquisitions so I see business owners selling their companies or going IIPO on a regular basis. Just hard to believe these smart people are willing to invest in a transaction that is a guaranteed operating loss of millions per year .

Tax purposes also. My company owner bought a Jet for $55 million to offset his next 3 years tax bills. He is kind enough to have me and family on his 150’ Sunseeker for 2 weeks every other year. We cruise Bahamas and Caribbean. He also spends several hundreds of thousands sometimes just to get his yacht transported to the Mediterranean or to Phuket. Yes, these yachts do not even cross the Oceans. Huge specialized yacht transporters drop them off at desired locations. The entire crew travels along and owner arrives to yacht location via his charter or own transport. Also, in Monaco during Formula 1 season, he is always outbid for berths or docking spaces. His boat is kept in “cheaper” berths at St Tropez. BTW, we had a catering bill of $20,000 one evening for dinner and drinks for 8 people.

For a billionaire, buying a 14 million yacht is equivalent to a millionaire buying a 14k Toyota. The amount of wealth they have is just incomprehensible for normal people.

Jealousy is blinkered unfortunately. Those jealous rich bashing people don't want to know about the inconvenient facts that you outlined.

surprisingly enough catamarans have a great retention, because they are more attainable for most and function as a better bluewater livaboard that can utilize wind. but for anything else, your assumption is correct and this video illustrates how unless you choose to commit to the lifestyle of livaboard you will probably never see the value in your boat realized.

@@smplfi9859 Rich people don't like to buy used products.

​@@untouchable360xno. Super super rich people don't like it buy used products. But semi super rich don't mind.

It depends. If there's a big delivery delay, people will usually just buy a built vessel and retrofit it. That's why you see billionaires buying boats from other billionaires, because they don't want to wait 3-4 years for a custom build vessel.

Plants are happy about that

​@@francismarion6400 Have you been talking to them again?

But they usually appreciate in value, boats do not.

It certainly did not sound that way to me. But good for you for supporting the hurt feelings of billionaires, just getting by on a shoestring.

@@singvogel7895 Your response demonstrates my point. This story was aimed a gullible people who think “rich people bad.”

@@singvogel7895 billionaires or centimillionaires dont get hurt feelings that easily... they live in a very calm and composed environment... it is poor monkeys who dance the most trying to prove their superiority

That's why some people call boats a hole in the water.

people who have money dont think that way

Feel bad!? It's not like someone put a gun on their heads and said buy a yatch or die. People can do whatever with their money

@@Duck_31 r/woosh

depending what are you diving into.

its not that expensive...

@@Iamalemonwhy pocket money

Someone mentioned above that it’s likely linear inch and not square inch, still seems excessive.

Comprehension skills lacking?

haha we thought the same thing..

He is not talking about the area (square inch) that needs to be painted, he is talking about the length of the boat divided by the cost to paint. A 100 foot yacht is 1,200 inches long. At up to $1,800 a foot its, up to $2,160,000 to paint that boat.

@@sierrapeaks He said "per inch" but the graphics department put "per square inch" on screen.

@@sierrapeaks It is not $1,800/foot, it is per inch; 1200 inches long x $1,800/ inch = $2,160,000

​@@sierrapeaksnever. Not for a 100 ft boat.

"i dont have money"felix denis

Basically anything with a engine or a female.

Dude 100% I would for sure want to be able to sale and take care of it myself. I know I would need some help but I enjoy taking care of the things I have!

this video is showing wrong information.... 80% of yachts dont have any crew, most are ownerdriven

??????@@Iamalemonwhy

No boats are chartered that often

@@elishawhite7487 how often are they chartered?

@@dannyquinn9128 max liks 20 weeks a year most about 10 weeks

Most yachts summer in Med and winter in Caribbean. Take out time the owner uses it and scheduled maintenance at the marina or dock, and most are only chartering 10-20 weeks annually.

26 weeks a year.... a yacht costs 150k pw to charter... we dont have enough rich people to charter so many boats