3 ms·

The "Boat ownership by income" is interesting, although easy to misread at a glance. 7% of boat owners earning under $25k is of course very different from 7% o

The "Boat ownership by income" is interesting, although easy to misread at a glance. 7% of boat owners earning under $25k is of course very different from 7% of people earning under $25k owning a boat. I'd love to see an actual chart of boat ownership at income levels, it would read quite differently I'm sure.

umeshunni 2mo ago
The other challenge I assume is that many boat owners are retired and presumably have little or no taxable income
- nemomarx 2mo ago
  Is there no way to measure that? I'm wondering how they pay for maintenance on the fixed income. Could be an interesting thing to analyze at least, maybe it depends on if you need to winter it...
  - happyopossum 2mo ago
    "no taxable income" != "fixed income" 401Ks, IRAs, and a few other "retirement fund" options give you the option to access either your principal or investment earnings tax-free depending how they were set up.
foolfoolz 2mo ago
i don’t think this changes much. ownership is most common for the middle class. which makes perfect sense. - if you’re rich you don’t need to own a boat, you can spend more per day to rent if you want to use one. - the cost optimization of owning makes each day using it cheaper, even if it takes more time or space to store it. so those with less money that want to use a boat will buy it for example renting a boat all day for use on lake tahoe might run you $2,000 to rent. it might cost you $300 in gas if you own the boat. you can tell yourself youre a boat owner now and get 10 days on the lake each year for $3,000 instead of $20,000
- busyant 2mo ago
  > if you’re rich you don’t need to own a boat, you can spend more per day to rent if you want to use one. There's a bit by Bill Burr where he says something like "you don't want to be the guy that 'owns the boat' (too much upkeep). You want to be the friend of the guy that owns the boat (you supply a case of beer every time you go out and your friend supplies the boat)."
NooneAtAll3 2mo ago
> although easy to misread at a glance. I think that's because there's an implied word missing "Boat ownership *sorted* by income" or "Boat ownership *categorized* by income" makes the direction of subset explicit, but feels harder to read somewhat

umeshunni 2mo ago

The other challenge I assume is that many boat owners are retired and presumably have little or no taxable income

nemomarx 2mo ago
Is there no way to measure that? I'm wondering how they pay for maintenance on the fixed income. Could be an interesting thing to analyze at least, maybe it depends on if you need to winter it...
- happyopossum 2mo ago
  "no taxable income" != "fixed income" 401Ks, IRAs, and a few other "retirement fund" options give you the option to access either your principal or investment earnings tax-free depending how they were set up.

foolfoolz 2mo ago

i don’t think this changes much. ownership is most common for the middle class. which makes perfect sense. - if you’re rich you don’t need to own a boat, you can spend more per day to rent if you want to use one. - the cost optimization of owning makes each day using it cheaper, even if it takes more time or space to store it. so those with less money that want to use a boat will buy it for example renting a boat all day for use on lake tahoe might run you $2,000 to rent. it might cost you $300 in gas if you own the boat. you can tell yourself youre a boat owner now and get 10 days on the lake each year for $3,000 instead of $20,000

busyant 2mo ago
> if you’re rich you don’t need to own a boat, you can spend more per day to rent if you want to use one. There's a bit by Bill Burr where he says something like "you don't want to be the guy that 'owns the boat' (too much upkeep). You want to be the friend of the guy that owns the boat (you supply a case of beer every time you go out and your friend supplies the boat)."

NooneAtAll3 2mo ago

> although easy to misread at a glance. I think that's because there's an implied word missing "Boat ownership *sorted* by income" or "Boat ownership *categorized* by income" makes the direction of subset explicit, but feels harder to read somewhat