Million dollar catamarans

[Pelagic]

Originally Posted by Kenomac

That’s because you’re looking for them in the wrong place. The Med and Caribbean are loaded with wealthy people enjoying themselves on expensive yachts. They tend to frequent interesting places with great food, warm weather and culture, not... islands in the middle of nowhere where it’s a struggle to find fresh food.

Ah Ken, but there's the rub!
If your looking for places with 'Lots' of other boats, maybe your missing the point of cruising......to get away from the "sameness" of your normal life and meet and get to know "alternate" cultures.

[TigerPaws]

Originally Posted by split

that's me...going to spend all my money wisely ...best boat best women and drink...and then ill just waste the rest...jokes aside ...would love a gun boat but in for 25% of that on a new custom scape 40 sport hitting the water in 6 weeks time...as the people said same thrill different zeros and who knows...one day....or I'm comeing sailing with you tiger paws

Come on down the weather and water is great, right now I am anchored here in the Tobago Cays. I am going to stay until I get board or until the tourists take over.

[Kenomac]

Originally Posted by Pelagic

Ah Ken, but there's the rub!
If your looking for places with 'Lots' of other boats, maybe your missing the point of cruising......to get away from the "sameness" of your normal life and meet and get to know "alternate" cultures.

Nobody is out "looking for lots of other boats," what they the wealthy seek is warm weather, great food and culture.... which is usually lacking in areas with few or no cruising boats.

And besides... their yacht is usually just one more toy in their collection of homes, villas, automobiles etc. The boats we discuss on this forum can be purchased by the truly wealthy with their chump change. They don't waste time discussing the addition of a few extra solar panels... instead, they fill up with more diesel.

[TigerPaws]

Originally Posted by Chotu

Except don't get rid of your cell phone. Pretty hard to manage a business without one. LOL

Sure you need a phone but do you need the latest and greatest? A cheap phone works just as well.

Cable TV, going out to eat, movies, the nicest truck and or car? Look around what could you cut out to save some of that hard earned cash? How much extra would you have over 2 to 3 years? Now invest that extra into something that will make you more and before too long you will have enough to stop dreaming and sail the world.

When gold was $273.00 an ounce I sold some property and purchased several hundred thousand dollars worth, then sold again at $1,835.00 and ounce, then purchased several income properties and on and on before checking out of the system at 47.

It can still be done if you are willing to put forth the effort.

[TigerPaws]

Originally Posted by Kenomac

You'll need to visit the Mediterranean in order to understand. Nobody is out "looking for lots of other boats," what they the wealthy seek is warm weather, great food and culture.... which is usually lacking in areas with few or no cruising boats.

And besides... their yacht is usually just one more toy in their collection of homes, villas, automobiles etc. The boats we discuss on this forum can be purchased by the truly wealthy with their chump change.

LoL! The truly wealthy, the .01% are just as concerned about the cost of a new toy as you and I are, that is how they say in the top .01%.

[jmh2002]

Originally Posted by Kenomac

Nobody is out "looking for lots of other boats," what they the wealthy seek is warm weather, great food and culture.... which is usually lacking in areas with few or no cruising boats.

And besides... their yacht is usually just one more toy in their collection of homes, villas, automobiles etc. The boats we discuss on this forum can be purchased by the truly wealthy with their chump change. They don't waste time discussing the addition of a few extra solar panels... instead, they fill up with more diesel.

Kenomac is right in this regard. Most of these people whilst not actively searching for crowds, don't want to be in the middle of nowhere either (and neither do their wives and children).

And particularly in Europe many wealthy relocate to the Mediterranean coast for extended periods in the summer, either on yachts, or villas, or hotels (or all three), and here they socialise with other wealthy friends and business associates, as well as making new ones. Business is often done too, even if informally. It's not cruising in the same sense as being 'down island' somewhere remote.

Originally Posted by Norbert1

We sailed arround the world. On remote places in the beautifully pacific where you have the paradise with all the fish and stunning islands there is nobody of these people.

These people are so occupied to earn money they can never afford to go on a real trip.

The greed....

This can have some truth to it too as many a superyacht owner has often lamented that they can't spend enough time on the yacht and need to go back to 'work'.

Having said that, this can mean leaving by helicopter, to meet the private jet, and then on to the boardroom, and returning thereafter, so it's all relative...

But many people would be surprised to learn just how many hours these wealthy people actually do work - it's a lot, and in general they can never truly 'switch off'.

[mikereed100]

Originally Posted by TigerPaws

When gold was $273.00 an ounce I sold some property and purchased several hundred thousand dollars worth, then sold again at $1,835.00 and ounce, then purchased several income properties and on and on before checking out of the system at 47.
.

Ha! You remind me of the "Anti-me". When I was young I had an opportunity to buy some property for $2000. I bought a used Hobie cat instead. That land is now worth over $1,000,000, but I had a lot of fun on that Hobie cat!

[TigerPaws]

I remember a number of years ago when Trump first showed his personal 757, the pilot was giving a tour to the TV crew and they commented on the 100" TV screen and extensive video library. The pilot told them that was mostly for guests as he was often too busy to watch as he worked all of the time.

I have seen this before in the very wealthy, they love the pursuit of wealth more than the trappings, no matter how much they have they always want more.

[TigerPaws]

Originally Posted by mikereed100

Ha! You remind me of the "Anti-me". When I was young I had an opportunity to buy some property for $2000. I bought a used Hobie cat instead. That land is now worth over $1,000,000, but I had a lot of fun on that Hobie cat!

Ok! But what could you do today with that 1 mil instead of a bit of fun then?

Life is about choices. If you had made the right choices then you could be enjoying the sun, clear waters and fresh air of the Caribbean right now as I am.

Oh! And the Lady on my boat today is beautiful in a very skimpy bikini and the Rum is wonderful.

[simonhantler]

Originally Posted by maxingout

When we were in the boatyard in Florida , we were surrounded by million dollar catamarans.

Wow!

Who can afford to purchase a million dollar cat? And who can afford the insurance on them?

One couple new to sailing had to have 50 hours of instruction with a captain on board in order to qualify for insurance. It is mind boggling to think about sailing a million dollar cat through Bahamian reefs and shoals without prior sailing experience. Imagine their insurance bill.

I watched million dollar cats being worked on for $100 per hour day after day.

I think the law of diminishing returns has finally arrived.

I think we have arrived at the point that less is more in the sailing world.

I started this thread because I saw a 42 foot cat this morning that cost more than $750,000 after delivery and taxes.

Really.

My advice is go get a $200k boat, and put $550k in the bank. You will be able to cruise forever!

Less is more.

People can afford 1 million plus because they worked hard and took risk, well some of them anyway. And they won’t be putting any surplus in the bank, it’s goes backwards there. Investments is a much better return. But hey each to there own. As long as you’re in a yacht it’s alll good.

[Simi 60]

I always enjoy Sunday afternoons watching the rich people in their million $ plus boats pull up anchor and head back in to continue their life of work and debt servitude while leaving us poor people out on the water to enjoy it on our lonesome. (-;

[TigerPaws]

Originally Posted by Simi 60

I always enjoy Sunday afternoons watching the rich people in their million $ plus boats pull up anchor and head back in for yet another week of work and debt servitude while leaving us poor people out on the water to enjoy it on our lonesome.

LoL! Not all of the 1% work anymore.

[Simi 60]

Originally Posted by TigerPaws

LoL! Not all of the 1% work anymore.

I doubt they are in the 1% if they are only allowed out on the weekend.

[TigerPaws]

Originally Posted by Simi 60

I doubt they are in the 1% if they are only allowed out on the weekend.

It is not what "they" are allowed to take or have off, it is what they allow themselves to take.

I read about a man earning 6 Billion a year (yes Billion) as a hedge fund manager, he simply liked the game of moving and making money.

[AndyEss]

Originally Posted by TigerPaws

Ok! But what could you do today with that 1 mil instead of a bit of fun then?

Life is about choices. If you had made the right choices then you could be enjoying the sun, clear waters and fresh air of the Caribbean right now as I am.

Oh! And the Lady on my boat today is beautiful in a very skimpy bikini and the Rum is wonderful.

Why is she wearing anything?
One of the advantages of a remote anchorage is you can do what you want to do, including nude snorkeling.
I, for one, put on shorts to snorkel, as I don't want my dingly dangly male parts to be confused for a tasty pescadorian tidbit.
BTW - when gold was $273/ounce, I bought some coins and later gave them away as graduation gifts to nieces or the children of family friends.
My serious money I invested in real estate or myself - I started a business. A lifetime and divorce afterwards, I could retire early and do kinda **?!all I wanted - within my life parameters.
Cruising life is good.