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I feel so poor. I think $3,000 for a weeks cruise in a nice balcony is a good deal. But this article ??? This cost ???
I would like to hear comments regarding inside cabins, balconies, suites, mega-suites etc. Wat do you think is a reasonable price for a cruise. Assume one week. You can multiply by 52 if your abacus is working properly.
Good point, although if they can have dogs in Manhattan.........
assuming you cant have a pet, I AM OUT
I’ve threatened my DH with “I want to live on a cruise ship instead of a nursing home, when we get old (okay, older than we are)” line for a long time. He says no, but if I out live him, who knows! But $4mil right now, is a bit (a BIG bit) out of my price range.
Decent life insurance should cover the $4mil ðð
Anybody checked to see if Storylines will accept insurance long term housing benefits?ð¤
ALL OF YOU bring up some VERY good points. Comparing this to a time share. Periodically, when the ship goes in for upgrades and maintenance, are the 'owners' charged a special additional fee to keep the ship operational and up-to-date ? Hummm.
Great question Gil. Just one of many I thought of (yes, it may be true that I have too much time on my hands).
According to the company (Storylines) you can purchase for the life of the ship (Est to be 60 years) OR, you could plop down less $$$ for a 24 year lease.
Check out the video renderings of the ship. Very interesting
ALL OF YOU bring up some VERY good points. Comparing this to a time share. Periodically, when the ship goes in for upgrades and maintenance, are the 'owners' charged a special additional fee to keep the ship operational and up-to-date ? Hummm.
I’ve threatened my DH with “I want to live on a cruise ship instead of a nursing home, when we get old (okay, older than we are)” line for a long time. He says no, but if I out live him, who knows! But $4mil right now, is a bit (a BIG bit) out of my price range.
OK, so the guy (who is a legitimate businessman according to LinkedIn) pre-bought a cruise ship "suite". My point is, will his $4M investment appreciate in value as would an oceanside condo in say Boca Raton? At least that has a high enough demand that one should be able to make a profit on their investment.
IMO I find it hard to believe there will be a large resale market for this product. Hey, maybe this is a great business model, but I've read where it's been tried before, and failed. $4M is a lot to sink into such a speculative investment.
Also, does he get to sublet the suite if he's on shore for business or family functions. Or does it sit empty & idle while him and his family are away? Or does the managing company (Storylines) handle sub-letting and he gets a share of the profit?
I wish the article had provided more working details.
The website for the cruise ship has details.
You can make some income from the unit.
Still......
And I think theres a whole buncha guys with waaaay too much time on their hands heheheheheheheh besides, Leavenworth is FULL of "legitimate businessmen".........
OK, so the guy (who is a legitimate businessman according to LinkedIn) pre-bought a cruise ship "suite". My point is, will his $4M investment appreciate in value as would an oceanside condo in say Boca Raton? At least that has a high enough demand that one should be able to make a profit on their investment.
IMO I find it hard to believe there will be a large resale market for this product. Hey, maybe this is a great business model, but I've read where it's been tried before, and failed. $4M is a lot to sink into such a speculative investment.
Also, does he get to sublet the suite if he's on shore for business or family functions. Or does it sit empty & idle while him and his family are away? Or does the managing company (Storylines) handle sub-letting and he gets a share of the profit?
I wish the article had provided more working details.
I don't think this ship has been built. The 4 Mil is for construction I think.
Still, when "The World" cruise ship was discussed back in the day, the concept was the same.
Like pre-buying a condo on the top floor in Florida or L.A.
The concept has its merits------ Sink your savings in a boat?
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