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On Jul 8, 11:39 pm, Jay Honeck wrote:
For $1.7 million, that guy could have bought himself a nice used Citation, and paid a pilot to fly him anywhere in the world for the next five years. He could have actually gone places and seen things, but instead he gets pickled every weekend aboard a floating bar that never sails. He probably didn't pay cash, he financed it.. 20, 30, 40 year loans, and if you live on it 2 weeks a year its a second home. So he has a boat, with no cash flow to take it anywhere. What I don't understand is why we don't see more "partnership arrangements" like you see with aircraft ownership. Stick a hobbs meter on the engine (most have one already) and pay a fixed plus hourly cost. Trade weeks, etc. My father owns a boat, and he's on it at most every OTHER weekend. |
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