If it flies floats or fucks rent it

MyNameIsHammurabi

MyNameIsHammurabi

NEET
Dec 15, 2020
769


Do you agree with that advice?

Every single rich dude does the opposite. They buy planes (usually as a tax write off) they buy yachts (idk why they do this maybe to hide money? It’s easy to confiscate a house or freeze your money. Difficult to take away your yacht when it’s in the middle of the ocean. Third of all marriage. Rich men get married. They get married multiple times ( idk why they do this perhaps because they are marrying a women with connections? Not sure if it applied to Jeff bezos wife)

The reason I have this doubt is because of this yacht



It has an approximate value of 400 million and rents out for 4 million a week. If I wanted to spend an entire month it would cost me 16 million. Assuming that I could get the 400 million loan it would be better than paying for someone else’s boat.
 
Atila

Atila

xiǎo bái liǎn / King Vamp
Dec 2, 2020
18,947
over for you when i meet you on the sea
Images 1
 
MyNameIsHammurabi

MyNameIsHammurabi

NEET
Dec 15, 2020
769
A 20+ year loan would theoretically be serviceable with such rent but in practice the yacht won’t necessarily be rented out 24/7.
At the end of the 20 year loan you can sell the yacht. I have no idea how a yacht that big and expensive will depreciate. I think after 20 years you could maybe sell it for 250-300 million.

We don’t know well how the yacht could rent it out. They say you can usually expect 12 weeks of business. That advice is given to yachts that cost a few tens of millions. This bad boy is said to fetch 400 million so we really have no clue.

If you did get the 400 million loan (won’t use interest just to make it simple) for 20 years. That is 20 millions dollars a year. If you are able to rent out the vessel for the 12 weeks that is 48 million in revenue. Let’s not forget about maintenance. They say maintenance is 10%. I find it very difficult to believe that a yacht even including the crew members salary needs 40 million to run. I’d say with that boat being new and being so advance that maintenance could be 8 million or lower. So yes in theory the yacht could pay for itself. Even if the yacht breaks even or you lose a couple of million dollars of year. After 20 years when you sell that yacht you could expect to maybe break even or make a profit with ownership if you were unable to rent out enough.

If you plan on renting it you will lose 16 million a month (yikes) and you will build zero equity in the yacht. After 20 years you would have spent 320 million without nothing to show for it .

As a mgtow and incel that quote resonates with me. It appears though when you reach a certain level of wealth . Things that are bad decisions for the average man become very smart choices.
 
FeminismIsCancer

FeminismIsCancer

Marecel
Nov 30, 2020
1,358
At the end of the 20 year loan you can sell the yacht. I have no idea how a yacht that big and expensive will depreciate. I think after 20 years you could maybe sell it for 250-300 million.

We don’t know well how the yacht could rent it out. They say you can usually expect 12 weeks of business. That advice is given to yachts that cost a few tens of millions. This bad boy is said to fetch 400 million so we really have no clue.

If you did get the 400 million loan (won’t use interest just to make it simple) for 20 years. That is 20 millions dollars a year. If you are able to rent out the vessel for the 12 weeks that is 48 million in revenue. Let’s not forget about maintenance. They say maintenance is 10%. I find it very difficult to believe that a yacht even including the crew members salary needs 40 million to run. I’d say with that boat being new and being so advance that maintenance could be 8 million or lower. So yes in theory the yacht could pay for itself. Even if the yacht breaks even or you lose a couple of million dollars of year. After 20 years when you sell that yacht you could expect to maybe break even or make a profit with ownership if you were unable to rent out enough.

If you plan on renting it you will lose 16 million a month (yikes) and you will build zero equity in the yacht. After 20 years you would have spent 320 million without nothing to show for it .

As a mgtow and incel that quote resonates with me. It appears though when you reach a certain level of wealth . Things that are bad decisions for the average man become very smart choices.
The people who rent the vessel might seem like dumb losers but I can assure you that there must be a rationale behind it. They probably only need the yacht for a limited time. It could for example be a tour operator who organises occasional one week trips and charge their customers for a cabin with a small markup. It can also be a large company organising a yearly bonus holiday for their executives etc.

I’m more familiar with the airline industry and airplanes are usually leased by carriers.
 
MyNameIsHammurabi

MyNameIsHammurabi

NEET
Dec 15, 2020
769
The people who rent the vessel might seem like dumb losers but I can assure you that there must be a rationale behind it. They probably only need the yacht for a limited time. It could for example be a tour operator who organises occasional one week trips and charge their customers for a cabin with a small markup. It can also be a large company organising a yearly bonus holiday for their executives etc.

I’m more familiar with the airline industry and airplanes are usually leased by carriers.
yeah I guess if you plan on it being a 1 time thing and you are able to share cost with 11 other people then it makes sense. The whole one week vacation would cost each of you around 330k. If you plan on using it once a week every single year it still mighty justify ownership since you would have spent 80 million on rent for 20 years and that’s only using it once a year.

The whole thing gives me a headache. I literally can’t find anywhere online that explains which one is better for who. It’s obvious if I only plan to rent a yacht for one time that it would cheaper renting than owning it. But what happens if I want to use a yacht for a few weeks. When would ownership make sense or if ownership mogs paying rent.

I’m more familiar with real estate and try to apply the same logic with yachts but the whole math is so gimmicky and does not really justify ownership or renting. Especially if you want to use it more than a week and less than a year .
I’m more of a renter. The idea of me not owning a home but owning a yacht which is a depreciating asset that sucks money is crazy but ownership sounds like the least expensive way. Maybe I should just give up on the whole yacht thing. I don’t think they will improve my chances with women all that bunch and most people would have no idea at how ridiculous expensive it is. Not to mention that I don’t even really like boats. Yet something about them is fascinating. They truly are for those who are understand them true signs of power, wealth, and marvels of engineering.
 
Zargrim

Zargrim

NEET
Dec 3, 2020
1,191
Even if I could afford a megayacht I would still spend most of my time playing video games ngl.
 
FeminismIsCancer

FeminismIsCancer

Marecel
Nov 30, 2020
1,358
yeah I guess if you plan on it being a 1 time thing and you are able to share cost with 11 other people then it makes sense. The whole one week vacation would cost each of you around 330k. If you plan on using it once a week every single year it still mighty justify ownership since you would have spent 80 million on rent for 20 years and that’s only using it once a year.

The whole thing gives me a headache. I literally can’t find anywhere online that explains which one is better for who. It’s obvious if I only plan to rent a yacht for one time that it would cheaper renting than owning it. But what happens if I want to use a yacht for a few weeks. When would ownership make sense or if ownership mogs paying rent.

I’m more familiar with real estate and try to apply the same logic with yachts but the whole math is so gimmicky and does not really justify ownership or renting. Especially if you want to use it more than a week and less than a year .
I’m more of a renter. The idea of me not owning a home but owning a yacht which is a depreciating asset that sucks money is crazy but ownership sounds like the least expensive way. Maybe I should just give up on the whole yacht thing. I don’t think they will improve my chances with women all that bunch and most people would have no idea at how ridiculous expensive it is. Not to mention that I don’t even really like boats. Yet something about them is fascinating. They truly are for those who are understand them true signs of power, wealth, and marvels of engineering.
Information like that isn’t widely available because it’s an elite market. You need connections. I had a similar desire to become a helicopter operator but I had to give up the idea. What little information I found seemed to indicate it’s a losing business.
 
MyNameIsHammurabi

MyNameIsHammurabi

NEET
Dec 15, 2020
769
Information like that isn’t widely available because it’s an elite market. You need connections. I had a similar desire to become a helicopter operator but I had to give up the idea. What little information I found seemed to indicate it’s a losing business.
That sounds epic. We live in the digital age and we can’t find shit like this or that. The internet was a scam. How can you introduce to me to something and then have close to zero useful available information in that topic.
 
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