4 ms·
I know it doesn’t matter much but just to ground these numbers a bit - anyone owning or trying to own a yacht with “only” $10M is indeed heading towards $1M ver
by rrdharan 6y ago
I know it doesn’t matter much but just to ground these numbers a bit - anyone owning or trying to own a yacht with “only” $10M is indeed heading towards $1M very quick.
- throwaway0a5e 6y agoUpper middle class know-it-alls sneer at the bad financial decisions of the guy living in the double wide with a brand new corvette in the driveway while the lower middle class looks up to his efficiency and prioritization. A yacht is the same thing with the decimal moved a couple places. If your income is fat enough to give you 10m in the bank then you can definitely own a yacht so long as you don't mind living in the kind of neighborhood where your neighbors are plumbers instead of surgeons.
- leetcrew 6y agoyes, but only in a rough sense. the ratio of maintenance cost to purchase price is much higher for a yacht (or really any boat) than for a mass produced car like a corvette. if you can afford to buy/finance a corvette, you can usually afford to drive it too. the same is not true for any boat larger than a canoe. there is a reason for the old joke about a boat being merely "a hole in the water that you throw money into".
- rrdharan 6y agoThere is a distinction between a yacht (generally > 35 feet, needs a full crew) and just a boat: https://www.tessllc.us/whats-the-difference-between-a-yacht-and-a-boat/ https://www.tessllc.us/whats-the-difference-between-a-yacht-...