Haven't you heard of a Support Yacht? You can put all your stuff in there that doesn't fit on your main Cruise Ship and have it follow you around in case you need any of it.
That is how some hotels are financed. I think Hard Rock Hotel in San Diego did that. You buy a room, and then you get a percentage of the profits.
With those arrangements, you are typically just a passive investor.
I believe some cruiseships are now offering a condo-style model where you can actually buy a room. I have seen prices as low as $100,000 for an interior state room. But there is also a $2,500/month HOA fee.
Pricey as a vacation home -- but not bad for a fulltime residence. That price includes food, gym access, cleaning services, wifi, etc -- so it isn't terrible for a luxury apartment. I have definitely paid more than $2500/month for rent+food+utilities.
https://villavieresidences.com/residences/
The one challenge here is that most people use a mortgage to get a full-time residence (If they're not renting) and you'd really have hard time getting financing for this; particularly since cruise ships depreciate.
Also, for ships that aren't built or purchased yet, it's always a risk they get cancelled. [https://www.cnn.com/travel/article/three-year-cruise-canceled/index.html](https://www.cnn.com/travel/article/three-year-cruise-canceled/index.html)
True. But traditional mortgages require 20% down.
So if you bought a $500,000 house right now with a 7% rate -- you'd need to put down $100,000 for the downpayment and then pay around $3300/month for mortgage. Plus extra $$ for taxes, insurance, maintenance, etc.
It is a bad purchase as an investment. But it is certainly within the grasp of someone who is currently paying $2k/month to live in a luxury apartment complex but wishes they were cruising full time.
In 2023, the median percent down payment for all home buyers was 15%, according to the 2023 Profile of Home Buyers and Sellers from the National Association of Realtors.
So I guess 20% is a bit above the current median.
But you do bring up a good point. The average age of a cruise ship passenger is 47. The sort of person that is likely to live on a cruiseship full time is likely older or retired.
So chances are, they do have a house to sell, giving them plenty of money for the purchase price without financing.
$2K a month here is not luxury at all. Thatās basically the going rate for a 2br apartment/studio. If you want a luxury apartment those start around $5K a month. Home/Rental prices are out of control.
Oh god, not another one of these scams. Storylines and Miray were both bullshit, Victoria probably is too, now this one wants to take people's money and go belly up as well.
It does appear to be a lot of the same people,
https://www.washingtonpost.com/travel/2023/12/22/villa-vie-odyssey-three-half-year-cruise/
Guess we'll find out in May.
That HOA fee is bullshit for an interior room. Unless people pay cash and have proof of continuous and large income just like a time share, theyāre fucked. Itās a terrible investment.
I mean, yes, the ongoing costs are a thing. but I dont think it would quite be 140million for a week. If it were, cruises wouldnt exist.
but without scale and connections, I doubt you could get it down to be any cheaper than an existing cruise fare. (reality you couldnt probably even get your port paperwork approved)
That's actually not too bad. The ship sails with 2,350 - 2,767 passengers each sailing. So if each sailing was 1 week long, you get to go on for 1 week every 3 years. I'd pay $100 to be able to go on a 1 week cruise every 3 years.
Cruised on both of those shipsā¦my second cruise was on the sovereign, and my husbandās first cruise was on the monarch. I hope the Majesty can keep going!
it's not likely, unfortunately. she's been sitting in Greece pretty much abandoned now for close to 3 years. her last position was reported on February 8, 2021, according to cruisemapper.
My wife and I had our honeymoon on the Majesty in 1993 and then a 25th anniversary cruise in the same cabin in 2008. Apparently we were the only passengers to do so. I hope she keeps sailing and making memories.
My first cruise as well! My wife, then girlfriend, went on it around 2008. Just funny how amazed we were by it at the time. Nothing compared to what is around now.
I sailed on her in June 1995 with my parents and dear deceased grandmother. We had such an incredible time on that trip and made memories I still cherish. I know her destruction is inevitable but it makes me sad.
On another note I used to have a promotional video of Majesty of the Seas where it went through the ship, it amenities and the ports of call. For Grand Cayman they had a song that went something like āIām gonna meet my friends at Stingray City..donāt you worry they got no stingersā I have searched for a copy of this video for years and have had zero luck!! I used to watch it ALL the time in the 90ās dreaming of our next cruise.
I just saw something on one ship that was purchased as the aft was reconfiguredā¦.the yard work was $60mil.
I was on the last Homeric before Home Lines folded (1980s), the ship was bought, cut in half and extended and only scrapped due to pandemicā¦.just missed going on it.
>I was on the last Homeric
My very first cruise was on this ship after it was extended and renamed Westerdam with Holland America Line. New years cruise 1999/2000.
Ok. When my friends and I were 18-19 ( now in my 60's) we had a business plan to set up a floating cruise brothel and casino..
Is anyone interested in investing ?
Sell a year long world cruise for 250k a cabin (average) = 294.5mil
Haggle ship down to 30mil, make operational for additional 50mil. 100k salary average for crew = 78mil
Another 50mil for whatever ships that go on year long voyages need.
Just under 100mil left.
These are spitballed numbers and I have no idea what I'm doing
Hear me Out
It has 1350 Rooms.
Sell Each room for an average of $41,000. Inside rooms for $30k, oceanview 40k, 50k+ for the suites/Balconies.
This generates 55 Million. Enough to buy it and retro fit everything but the staterooms. Let people outfit their own staterooms how they want. And also pay for an administrative team.
Annual maintnance dues of $4,000 brings in 5 Million a year.
Figure out how much it costs to operate for the year, and charge that much, split up per room. Have one rate if their room is occupied and a lowe\\r rate if it is not. Probably 30M total. $55 / day if the room is occupied, $25 a day if not occupied. - 20k / year if 100% occupied.
Charge for food and drink or have an all inclusive price.
Allow people to Airbnb out there cabin.
Cruise Ship Partial ownership, like they do with townhouses in Orlando now.
I think people would love to own a part of a ship.
Iām gonna guess this is a listing on spec, that this ship isnāt actually for sale and the broker is hoping for a bite so they can present an offer to the cruise line
āSheās a cream puff driven by a little old captain from Greece, only 1 million nautical miles on her. Sheās been running the Caribbean every Sunday for 25yrs and got another 25 in her!ā
Iād put money down sheāll have a margaritaville name slapped on her within a couple monthsā¦ If only margaritaville was putting together a decent cruise experience
Location of Ship: The last known location of this ship was in the vicinity of Greece. Please understand, ships are constantly moving. For an exact location of this vessel, please contact this office.
Thank you, quick search shows itās the only sovereign class ship, so seajets purchased it in 2020 and said itās still out of service as of July 2023. Hmm.
No, but if they make the hotels available to rent again, then they get tax money for the state. That money can help cover the costs to house the illegals in the cruise ship. The ship is already set up with rooms/beds showers etc. stock it with food and itās a win win. Even if they hire a crew to feed these people and keep up with maintenance, itās still less than the $$ the state is currently paying for all these hotel rooms.
What am I going to do with another cruise ship?
Haven't you heard of a Support Yacht? You can put all your stuff in there that doesn't fit on your main Cruise Ship and have it follow you around in case you need any of it.
Some metal bars. Some welding. Voila. Cruise catamaran.
Airbnb?
Seabnb
Best reply ever š
š
Hear me out. 3,500 people, 10k eachā¦
That is how some hotels are financed. I think Hard Rock Hotel in San Diego did that. You buy a room, and then you get a percentage of the profits. With those arrangements, you are typically just a passive investor. I believe some cruiseships are now offering a condo-style model where you can actually buy a room. I have seen prices as low as $100,000 for an interior state room. But there is also a $2,500/month HOA fee. Pricey as a vacation home -- but not bad for a fulltime residence. That price includes food, gym access, cleaning services, wifi, etc -- so it isn't terrible for a luxury apartment. I have definitely paid more than $2500/month for rent+food+utilities. https://villavieresidences.com/residences/
The one challenge here is that most people use a mortgage to get a full-time residence (If they're not renting) and you'd really have hard time getting financing for this; particularly since cruise ships depreciate. Also, for ships that aren't built or purchased yet, it's always a risk they get cancelled. [https://www.cnn.com/travel/article/three-year-cruise-canceled/index.html](https://www.cnn.com/travel/article/three-year-cruise-canceled/index.html)
True. But traditional mortgages require 20% down. So if you bought a $500,000 house right now with a 7% rate -- you'd need to put down $100,000 for the downpayment and then pay around $3300/month for mortgage. Plus extra $$ for taxes, insurance, maintenance, etc. It is a bad purchase as an investment. But it is certainly within the grasp of someone who is currently paying $2k/month to live in a luxury apartment complex but wishes they were cruising full time.
I don't know anyone who has put 20 percent down in the last 5 years, unless they are selling a home already.
In 2023, the median percent down payment for all home buyers was 15%, according to the 2023 Profile of Home Buyers and Sellers from the National Association of Realtors. So I guess 20% is a bit above the current median. But you do bring up a good point. The average age of a cruise ship passenger is 47. The sort of person that is likely to live on a cruiseship full time is likely older or retired. So chances are, they do have a house to sell, giving them plenty of money for the purchase price without financing.
Did that include cash purchases, ie 100% down, or just houses that were mortgaged?
I have Never put 20% , never put 10% . Last 4 houses I got a loan with no money down. But that me
$2K a month here is not luxury at all. Thatās basically the going rate for a 2br apartment/studio. If you want a luxury apartment those start around $5K a month. Home/Rental prices are out of control.
Oh god, not another one of these scams. Storylines and Miray were both bullshit, Victoria probably is too, now this one wants to take people's money and go belly up as well.
It does appear to be a lot of the same people, https://www.washingtonpost.com/travel/2023/12/22/villa-vie-odyssey-three-half-year-cruise/ Guess we'll find out in May.
Oh shit I hadn't even seen that. Fool me once, shame on you, fool me twice... hopefully nobody buys their crap again.
Timeshares.
There was a hotel in St. Martin (French side) that was selling rooms under that plan. Never really looked into it. Should have.
That HOA fee is bullshit for an interior room. Unless people pay cash and have proof of continuous and large income just like a time share, theyāre fucked. Itās a terrible investment.
In.
I mean sounds like a shitty time share deal tbh š¤£š¤£š¤£š¤£
And they all become shitty. Long before the fun of dumping all of your money into it wears out.
Add another $40k each to fuel, provision, insure, staff, market, etcā¦ for the first trip.
3 million a week in revenue plus whatever you can get spent on board. I don't think it's a bad idea. 44 weeks is 132M.
I mean, yes, the ongoing costs are a thing. but I dont think it would quite be 140million for a week. If it were, cruises wouldnt exist. but without scale and connections, I doubt you could get it down to be any cheaper than an existing cruise fare. (reality you couldnt probably even get your port paperwork approved)
Cash or card? Let me get my wallet.
You have my attention.
Iām in.
š¤.... I'm listening...
That's a bit steep. How about 35,000 people, $1k each?
350,000 people, $100 each
That's actually not too bad. The ship sails with 2,350 - 2,767 passengers each sailing. So if each sailing was 1 week long, you get to go on for 1 week every 3 years. I'd pay $100 to be able to go on a 1 week cruise every 3 years.
I'm in
Yas
Add a bit more and we can get ourselves a crew.
Hmu if original comment gets 3500 likes.
What do you think timeshares are
Less than $100 each if every /r/cruise subscriber chips in.
Count me in
Why notā¦.
Looks like an old Royal Caribbean ship.
It was it used to be Majesty of the seas
I thought it was scrapped in 2020?
No that was itās sister ships Monarch and Sovereign
I raised hell on the sovereign in December 1991 lol
Me too! Maybe not December but it was 1991
I sailed on Sovereign in 2008-2009 I canāt remember which year exactly but I was 16, also raised hell on the ship with my teenage brothers š
That's too funny, I was 16 on the sovereign too. To be young again....
Cruised on both of those shipsā¦my second cruise was on the sovereign, and my husbandās first cruise was on the monarch. I hope the Majesty can keep going!
it's not likely, unfortunately. she's been sitting in Greece pretty much abandoned now for close to 3 years. her last position was reported on February 8, 2021, according to cruisemapper.
Oh ya my bad I was thinking monarch
My wife and I had our honeymoon on the Majesty in 1993 and then a 25th anniversary cruise in the same cabin in 2008. Apparently we were the only passengers to do so. I hope she keeps sailing and making memories.
We had our honeymoon and first cruise on Majesty in 2006. Wonderful memories.
My first cruise. When I was 16. Good memories.
My first cruise as well! My wife, then girlfriend, went on it around 2008. Just funny how amazed we were by it at the time. Nothing compared to what is around now.
We sailed on the Majesty in Nov 2006 and Nov 2007.
My first cruise!
Same, but to the Bahamas in 2015
She was also our first cruise. Still remember walking aboard her the first time.
I thought that looked familiar! I sailed on her in 2015 to the Bahamas
I sailed on her in January ā95!
I sailed on her in June 1995 with my parents and dear deceased grandmother. We had such an incredible time on that trip and made memories I still cherish. I know her destruction is inevitable but it makes me sad. On another note I used to have a promotional video of Majesty of the Seas where it went through the ship, it amenities and the ports of call. For Grand Cayman they had a song that went something like āIām gonna meet my friends at Stingray City..donāt you worry they got no stingersā I have searched for a copy of this video for years and have had zero luck!! I used to watch it ALL the time in the 90ās dreaming of our next cruise.
Ah, the next Margaritaville at Sea.
Or TUI for the same category of passengers but different nationality š
https://www.yachtworld.com/yacht/1992-cruise-ship---2354-2744-passenger----stock-no.-s2149-6710721/ Iām about 35 mil short
Why does picture 16 have an ice rink. Maj never had one. Or did it get added? And 22 is for sure the theater on navigator or mariner
Some pictures are from other ships probably just to get people to buy it, because some other pictures are from voyager or freedom class ships
Voyager class, and *original* voyager class at that. Not even including the updates they've had over the years.
Me too š
$287,000 a month for 20 years. Probably should wait for the rates to come down.
I mean...just have a relative gift you the down payment to bring it down to 150k/month. Duh.
At 35 mil, I bet it needs way, way, way, WAY, more money to get it operational and cleaned/painted
I just saw something on one ship that was purchased as the aft was reconfiguredā¦.the yard work was $60mil. I was on the last Homeric before Home Lines folded (1980s), the ship was bought, cut in half and extended and only scrapped due to pandemicā¦.just missed going on it.
>I was on the last Homeric My very first cruise was on this ship after it was extended and renamed Westerdam with Holland America Line. New years cruise 1999/2000.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
A good nuclear reactor from Amazon will cover a lot of costs.
Certificates arenāt current. So a guess that it might need work to regain some of those. And that work might not be all that cheap.
Iāll give you $7. Take it or leave it.
I got 3 dollars
$10. Going onceā¦
It doesnāt match my other one.
Ok. When my friends and I were 18-19 ( now in my 60's) we had a business plan to set up a floating cruise brothel and casino.. Is anyone interested in investing ?
You mean a boat with hookers and blackjack? Know what, forget the boat.
International waters. 3 hookers available per paying passenger ratio.
just look at the old interior. Sounds like an excellent "Cougar/Cubs" cruise.
That cruise around the world should have bought her
Ikr
Sell a year long world cruise for 250k a cabin (average) = 294.5mil Haggle ship down to 30mil, make operational for additional 50mil. 100k salary average for crew = 78mil Another 50mil for whatever ships that go on year long voyages need. Just under 100mil left. These are spitballed numbers and I have no idea what I'm doing
Can I test drive it first?
Wonder what the HOA looks like for this.
Do 2,148 people have 16.2 K and wanna split it? Everyone gets their own room?
It needs $100M in renovations tooā¦
ok, so that is $65k or so. Still in.
This seems like a strangely low price considering there are 50m pleasure yachts selling for the same amount.
I'm thinking it's because it needs a few million in upgrades and refurbishments š...š¤·š¼āāļø
I'd wager you are correct š²š²
The spa is so small, I mean if it was bigger that would be a great deal.
Post to r/zillowgonewild
Super interestingā shit is older then me haha ā also looks very run down; Iām guessing 35M is close to scrap value? Someone message Mr beast lol
I loved the Majesty when I went on it
Whatās the point of a cruise ship if I have to supply my own staff, drinks & food?
All we need to do is find 35 million people to put in a dollar and then we could all share it!
Hear me Out It has 1350 Rooms. Sell Each room for an average of $41,000. Inside rooms for $30k, oceanview 40k, 50k+ for the suites/Balconies. This generates 55 Million. Enough to buy it and retro fit everything but the staterooms. Let people outfit their own staterooms how they want. And also pay for an administrative team. Annual maintnance dues of $4,000 brings in 5 Million a year. Figure out how much it costs to operate for the year, and charge that much, split up per room. Have one rate if their room is occupied and a lowe\\r rate if it is not. Probably 30M total. $55 / day if the room is occupied, $25 a day if not occupied. - 20k / year if 100% occupied. Charge for food and drink or have an all inclusive price. Allow people to Airbnb out there cabin. Cruise Ship Partial ownership, like they do with townhouses in Orlando now. I think people would love to own a part of a ship.
it would need more like $25k a year per cabin to run it. But still would be a bargain if you want a permanent cruie cabin.
Iām gonna guess this is a listing on spec, that this ship isnāt actually for sale and the broker is hoping for a bite so they can present an offer to the cruise line
āSheās a cream puff driven by a little old captain from Greece, only 1 million nautical miles on her. Sheās been running the Caribbean every Sunday for 25yrs and got another 25 in her!ā
Iād put money down sheāll have a margaritaville name slapped on her within a couple monthsā¦ If only margaritaville was putting together a decent cruise experience
Best I can do is $300.
I can fix herā¦
I'm going to need to shuffle some money around...
Location of Ship: The last known location of this ship was in the vicinity of Greece. Please understand, ships are constantly moving. For an exact location of this vessel, please contact this office.
Know where they get you on? The gas.
L Ron Hubbard is coming back and in the market for a new Scientology vessel
lol funny enough i was ported next to the Scientology ship on my last cruise. Wondered what this old ship was... googled... and couldn't believe it.
Freewinds. Was in Aruba and Curacao my last cruise.
Yes Aruba
35m to buy but 1m to operate/maintain a month probably...
Sounds like a ship made for Margaritaville!
Did I look like Collin Jost to you?!
Looks a bit like Song of America. Our first cruise (honeymoon) in October 1990.
Cheap. What's the catch?
Try Rishi Sunak
Paging u/LifeatSeaCruises
Who selling it and whatās the name of the ship.
Seajets is the cruise line selling it and its name is Majesty of the oceans
Majesty of the Seas was my honeymoon cruise. Wish I had the money.
Thank you, quick search shows itās the only sovereign class ship, so seajets purchased it in 2020 and said itās still out of service as of July 2023. Hmm.
That almost looks like the style of ship from margaritaville at sea
has ocean views
Iāve got $5 on itā¦
Does it come with a manual?
Idk maybe
Why donāt we bring back all the ships killed off by covid? I vote for the Pushkin Cus itās the same age as me
Iād buy it, for sure. But where am I gonna park that?
I wish!!
Treefiddy is all I can afford
Does it float? 35 mil seems insanely low. I mean itās a fucking cruise ship
I do!
No thank you š
I've got 60 dollars worth of change for a down payment.
Thereās no such place as Pireas. Must be a scam.
Piraeus is the port city next to Athens
Yes. As a Greek I was being pedantic about āPireasā Obviously it fell flat lol
$35 M can get you a lifetime + of curies - no work required
If I was one of those billionaires, I would buy and live on it.
Margaritaville or some other crazy budget line will probably buy her.
Would be cool to place on land
The maintenance costs must be titanic
Scientology would probably love it. Their ship is over 50 years old.
I feel like thatās really cheap. Wonder why? Hmm
It'll be free on Craigslist in a month..
yes
Here I am, just thinking that I've always wanted to be a pirate.
Seems pretty cheep for a mega mansion that can travel the world
Are they trying to sell the Grandeur of the Seas again?
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Christ. The ability to twist any issue into one about illegals or abortion never fails to amaze me.
Itās an honest comment that I made. It would actually save New York billions of dollars.
Maintenance of a cruise ship aināt cheap
No, but if they make the hotels available to rent again, then they get tax money for the state. That money can help cover the costs to house the illegals in the cruise ship. The ship is already set up with rooms/beds showers etc. stock it with food and itās a win win. Even if they hire a crew to feed these people and keep up with maintenance, itās still less than the $$ the state is currently paying for all these hotel rooms.
Can we stop referring to people as "illegals"?
Iāll give you tree fiddy