…not if you are poor quick check on google. Found the world inequality database. Richest 3% of income is $250k per year usd 240 million people reach this level globally. Richest 6% wealth wise globally is around $1 million usd 480 million people have that wealth which i mean is a lot but that is probably all land and housing. Soooo yeah way less then 1% globally could really afford this boat.
You’d be surprised how many owners of 40-foot “yachts” own them instead of houses and live aboard full-time in order to save money (among other lifestyle reasons).
Boats are typically considered yachts when they are or exceed 24 meters.
A potential buyer of a superyacht with a net worth of around €25,000,000 might consider that 10-30% of their net worth invested in a used superyacht is something that they can reasonably afford, whereas potential buyers of new yachts might want to have a net worth in excess of €50,000,000 to feel comfortable.
It is estimated that around 130,000 people may have this level of wealth worldwide although experts reckon that only a few thousand individuals are actively involved in owning, building, buying and selling the approximately 8,700 motor and 1,750 sailing superyachts over 24 metres that have been built.
This is arbitrary, and just an illustration of how anyone would call what they want a yacht. 24 meters is nowhere required, and this discussion repeats again and again
First of all, you’re wrong: any sailboat that has a cabin for living aboard, even if it’s a shitty dilapidated Catalina 27 that you buy for $1, is a “yacht.”
Second, even if you were right, don’t bitch at me, bitch at the article writer. They’re the ones who first called it a “yacht,” even though from the video you can clearly see that it’s way smaller than 24 meters.
I found another article about the incident that contained enough information to track down exactly which boat it was: “Oceanview” owned by Nautic Squad Club, a Jeanneau Sun Odyssey 349. Only 34 feet long, yet still described as a “yacht” by literally everybody but you.
…not if you are poor quick check on google. Found the world inequality database. Richest 3% of income is $250k per year usd 240 million people reach this level globally. Richest 6% wealth wise globally is around $1 million usd 480 million people have that wealth which i mean is a lot but that is probably all land and housing. Soooo yeah way less then 1% globally could really afford this boat.
You’d be surprised how many owners of 40-foot “yachts” own them instead of houses and live aboard full-time in order to save money (among other lifestyle reasons).
Sure, man. Sure.
Boats are typically considered yachts when they are or exceed 24 meters.
There’s no definition in dictionary, but here’s what Wikipedia cites for what to call a yacht: https://www.boats.com/on-the-water/when-is-a-boat-also-a-yacht/
This is arbitrary, and just an illustration of how anyone would call what they want a yacht. 24 meters is nowhere required, and this discussion repeats again and again
It is very arbitrary, sure.
I think a main thing is people who describe their boats as yachts usually aren’t going from paycheck to paycheck.
First of all, you’re wrong: any sailboat that has a cabin for living aboard, even if it’s a shitty dilapidated Catalina 27 that you buy for $1, is a “yacht.”
Second, even if you were right, don’t bitch at me, bitch at the article writer. They’re the ones who first called it a “yacht,” even though from the video you can clearly see that it’s way smaller than 24 meters.
I found another article about the incident that contained enough information to track down exactly which boat it was: “Oceanview” owned by Nautic Squad Club, a Jeanneau Sun Odyssey 349. Only 34 feet long, yet still described as a “yacht” by literally everybody but you.
By the way, most of the listings for that model of boat on Yachtworld are under $200k.