Nemo2
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As the old saying goes......"A boat is a hole in the water, into which you pour money".
All at sea? Urban legend no more.
- Thread starter Ed_The_Gypsy
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As the old saying goes......"A boat is a hole in the water, into which you pour money".
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The only thing a cruise ship and a personally owned boat have in common is waterHere's a 60' trawler in Anacortes for $449K. Looks nice, but life onboard one of these is nothing like on a cruise ship.It takes constant maintenance, and money too!
Before you buy the boat, run a simulation.
Kind of partial to one of these...
http://www.privilege-marine.com/galerie/galerie.html?model=privilege_615
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The only thing a cruise ship and a personally owned boat have in common is water
Before you buy the boat, run a simulation.
With all due respect: you're just not thinking big enough (re: simulation article)!
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Danmar
Thinks s/he gets paid by the post
Before I retired I thought this might be fun. There were a couple of "condo cruise ships" at the time. As I recall the first one was "The World". You could get a nice suite (1200-1400sq ft) for about $2million. I think this would have been better than simply booking on a regular cruise ship as they catered to a more upscale clientele and the owners could influence the ship itinerary.
I have checked back a few times and it looks like it hasn't been a huge success. That is the price of resales don't appear to have appreciated. I think this might be because the costs to maintain your suite are high, the ship is getting old, and people are getting bored (or passing away). One advantage is that you could probably stop paying taxes as you would not be a resident of anywhere(US citizens excluded of course).
Seemed like a fun thing at the time but after retirement we bought vacation properties instead. Glad we did.
I have checked back a few times and it looks like it hasn't been a huge success. That is the price of resales don't appear to have appreciated. I think this might be because the costs to maintain your suite are high, the ship is getting old, and people are getting bored (or passing away). One advantage is that you could probably stop paying taxes as you would not be a resident of anywhere(US citizens excluded of course).
Seemed like a fun thing at the time but after retirement we bought vacation properties instead. Glad we did.
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Yes, much of the simulation content presumes a smallish mono-hull. You can get comfortable on a 60 footer, but some of the simulation still applies, like hiking down the dock with the groceries, trash, laundry, etc. You could hire that stuff out if you had enough money, I suppose. You could only pull into expensive marinas where you'd have "full hookups" (I suppose), which would flatten the "utilities" problems, at least while you were not underway. But then you'd probably be paying a house payment worth of mooring fees.
I'd say a tiny house on land that matches the square footage of a 60 foot cat would be more than twice as easy to live in, so that suggests that the space is only one aspect.
Given all of that, I'd still like to give it a go. My preferences don't stand a chance against DW's aversion to the idea, though.
Amethyst
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The problem with this arrangement would be the same as with any tight-quarters condo, or old folks' community: it's the same darn people, day after day. If you love all the other people, then it would be fine. But when cliques form (and they are bound to), you cannot get away from them.
For the 88-year-old lady on the cruise ship, though, the neighbors change every couple of weeks.
For the 88-year-old lady on the cruise ship, though, the neighbors change every couple of weeks.
We must be married to long lost sisters!
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Music Lover
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Boat is an acronym for "Bust Out Another Thousand"
Sarah in SC
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DH is finishing up a short delivery cruise up the coast with a friend. I told him not to get any notions about returning to boat ownership.
We lived aboard a 28 footer for a summer in the Bahamas. That simulator is spot on. That was the test trip for us and definitely proved it wasn't the lifestyle for us.
We lived aboard a 28 footer for a summer in the Bahamas. That simulator is spot on. That was the test trip for us and definitely proved it wasn't the lifestyle for us.
Danmar
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Good point. In the overall scheme of things I think it would be better to take a 90-120 day round the world cruise. That would probably get it out of your system. On a deluxe ship with a large suite it might cost $150,000-200,000 though. Bit of a splurge but not totally out of the question for some.
Edit. Checked the price on a 2017 128 day around the world cruise for Regent Seven Seas (cruised several times on this line). A large suite around 700-800 Sq Ft will cost you $280,000 (air included and I should hope so). All the largest and smallest suites are sold out.
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As you think on this thread a bit, it highlights an additional aspect of retirement that has been discussed to death.
But anyway, this woman appears to have made a decision at 80 to spend some portion of her capital. Of course, it's possible her $170,000 pa outlay may only be a 2% draw, but I suspect it is considerably higher. So good for her, not where I would spend it, but I hope I'm sufficiently with it from 80'to 88 to figure out where I would!
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But anyway, this woman appears to have made a decision at 80 to spend some portion of her capital. Of course, it's possible her $170,000 pa outlay may only be a 2% draw, but I suspect it is considerably higher. So good for her, not where I would spend it, but I hope I'm sufficiently with it from 80'to 88 to figure out where I would!
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I checked on Crystal Serenity (the boat in question) and it would be $210k per person for the largest suite (1345 sq ft) for 94 days. The next level down is only 538 sq ft and it would be $100k per person. All prices in USD. I've been on this ship, it's very nice. But have never been on Regent so I can't give you a point of comparison. Luxury Cruise Line | Crystal Cruises
Danmar
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We met some people ( older single women) who were on an around the world cruise on one of our repo cruises. I noticed that the cruise ship staff would roll their eyes every time these women were around. One staff said to me "no where else to spend their money". They seemed to be a little tipsy well before lunch. Why not?
Per person? That is some serious coin for 128 days, especially if times two.
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Even if you travel alone, you still have to multiply by 2 to account for the single supplement.
Danmar
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That's for two. Regent is certainly a deluxe line. Smaller ships, all inclusive. No tipping.
Amethyst
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Friends owned this boat and traveled through Europe and the Caribbean for several years... **** with kids ****. Now they're living the normal suburban lifestyle.
Catamaran 2004 Fountaine Pajot Eleuthera Catamaran For Sale
I met them about a year after they sold it and moved to our neighborhood. I suspect growing twins was a factor in them moving back on land.
The kind of experience you'll never regret. The cruising: the neighborhood thing may be not so much... ;-)
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Danmar
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Yes, I was a little surprised. No tipping on this line. I guess on a very long cruise some guests might get under the skin of some staff but I rather enjoyed the company of these ladies. They were in our cooking course and always seemed to be enjoying themselves.
robertf57
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Oceania has an around the world cruise that lasts 180 days and goes for $35K/person in an inside cabin. (Tips included, free wifi. and a few free shore excursions). I think it might include a drink package as well. Substantially cheaper than the report.......
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NW-Bound
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The only thing a cruise ship and a personally owned boat have in common is water
Before you buy the boat, run a simulation.
Compared to owning and maintaining a boat, my RV'ing is a piece of cake. Much less time and money involved too.
The bigger the boat, the more work one has to do. Ugh! Of course if one is filthy rich and just keeps writing checks... But then, it may be a lot simpler just to rent a boat when one is wanted. About living full-time on one, I prefer to be on terra firma, or it has to be as big as a cruise ship for no motion.
Koolau
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In addition to all the other issues pointed out so far, I wonder how one continues to (for instance) own securities and bank accounts and (anything else the gummint wants to know about) without a permanent address. Most financial institutions will not open (or maintain) accounts without a permanent street address. They won't even allow our bank statements to be forwarded when we stay at our summer location. Changing the address is problematic in that both persons on an account must request a COA - found out the hard way on this one.
I know that there are probably ways around such things. Still, it's clear that such issues add a layer of hassle and requirements for "sharpness" that many folks in their 80s (heck, late 60's) may no longer have. Just sayin, as YMMV.
I know that there are probably ways around such things. Still, it's clear that such issues add a layer of hassle and requirements for "sharpness" that many folks in their 80s (heck, late 60's) may no longer have. Just sayin, as YMMV.
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