Princess new boat prices?

[Bouba]

1.2 1.5 mil didnt know we had so many mugs with that amount of dosh to splash, ive ben boating for twenty odd years i stuck 100 grand in the pot and thats it that has kept me in boats for years trading up or down motorboat or yacht what ever i fancy changing to at the time, when the pot is empty thats it for me. 1.5 ml i want bricks and a roof for that.
oh well its a very merry xmas for the Princess dealer ho ho ho

I think 20 odd years ago 100,000 could have got a house in parts of London that could be close to a seven figure sum now. So it's a lot of money, my starting boat budget was no where near that. But unlike you (and you must be close to unique) my budget has expanded over the years, now sums that were considered outrageous sound quite reasonable. But what I'd like to know is what size new Princess could you have had 20 something years ago and how much that same size new cost now

 

[freddy the frog]

I think 20 odd years ago 100,000 could have got a house in parts of London that could be close to a seven figure sum now. So it's a lot of money, my starting boat budget was no where near that. But unlike you (and you must be close to unique) my budget has expanded over the years, now sums that were considered outrageous sound quite reasonable. But what I'd like to know is what size new Princess could you have had 20 something years ago and how much that same size new cost now

thats is exactly why i wouldnt put 1 ml plus into a boat as all my money has gone into property for rental in london much better return and only values go up unlike these plastic toys we buy, yes my budget has probably gone up but i would sure as hell could not bring myself to parting with any more than my initial investmen that i started with. As for the use, it ends up being about 4 months of good use through out the year for me weather permiting.
so to have 1ml plus parked at the end of a hammerhead for 8 months depreciating at a rate of knotts is a no brainer to me.


each to their own i suppose

 

[Bouba]

thats is exactly why i wouldnt put 1 ml plus into a boat as all my money has gone into property for rental in london much better return and only values go up unlike these plastic toys we buy, yes my budget has probably gone up but i would sure as hell could not bring myself to parting with any more than my initial investmen that i started with. As for the use, it ends up being about 4 months of good use through out the year for me weather permiting.
so to have 1ml plus parked at the end of a hammerhead for 8 months depreciating at a rate of knotts is a no brainer to me.


each to their own i suppose

For the record I'm not in the same league as a new Princess buyer no matter how small. To me the interesting exercise is to compare the cost of a new boat when you started to the cost of the same model (or nearest equivalent) today. To me that is the return on your investment, if the multiple is the same as your London properties then fiberglass is a good investment.

 

[CLB]

To me the interesting exercise is to compare the cost of a new boat when you started to the cost of the same model (or nearest equivalent) today. To me that is the return on your investment, if the multiple is the same as your London properties then fiberglass is a good investment.

That's some really great man maths right there

 

[Bouba]

That's some really great man maths right there

Look at it my way, if your house goes up in value by say 3 times, but you die before you sell it and spend the cash, then your economic benefit is that you lived in your house. If your new Princess that you bought at the same time as your house also now costs three times what you paid, and you also die before you sell it and spend the money. Then your economic benefit is you got to use it, i.e. The equivalent of your house.
If you sold your boat and died in your house then your boat put more cash in your pocket than your house did, i.e. Greater economic benefit.
That is man maths on a grand scale:encouragement:

 

[Deleted User YDKXO]

thats is exactly why i wouldnt put 1 ml plus into a boat as all my money has gone into property for rental in london much better return and only values go up unlike these plastic toys we buy, yes my budget has probably gone up but i would sure as hell could not bring myself to parting with any more than my initial investmen that i started with. As for the use, it ends up being about 4 months of good use through out the year for me weather permiting.
so to have 1ml plus parked at the end of a hammerhead for 8 months depreciating at a rate of knotts is a no brainer to me.


each to their own i suppose

I think its fair to say that anyone who can afford to drop £1m on a boat can afford to do so, in other words he/she have got enough income from other sources not to have to worry about spending £1m on a pile of new plastic and iron and suffering the depreciation afterwards

 

[[2068]]

My only question to the poster with the properties for rent would be ... what is that money ultimately for?
I'm way further down the scale than a new Princess customer, but I'm not sure that living in a house that was worth £100k more with "no boat" would put a smile on my face.
Opening up the taps on a pair of D4 260's past West Pole definitely does.

.

 

[AllanG]

My only question to the poster with the properties for rent would be ... what is that money ultimately for?

I often ask myself the same question.....perhaps it's for their retirement when they can buy a £1.5+M Princess to live on!!

 

[pan]

Interesting personal life values in this thread ! Buy property in (London) and more than likely see a good increase in your net worth..... unfortunately HMRC will happily take 40% of it when you 'pop your socks', or 'waste' it on a depreciating asset that you have the times & memories of your life, knowing that the taxman has paid 40% of it and doesn't get 40% of your enjoyment....!!!!

Can't see the point of being the 'richest man in the cemetary.....

 

[jfm]

didnt know we had so many mugs ... 1.5 ml i want bricks and a roof for that.

i wouldnt put 1 ml plus into a boat ...1ml plus parked at the end of a hammerhead for 8 months depreciating at a rate of knotts is a no brainer to me.

You write just from your own very particular circumstances, and maybe forget that the value of things to people depends on how many of those things they already have ("marginal utility", as an economist would call it). If I drop by your boat and you offer me a cup of tea and a chocolate eclair, I'll be delighted and thank you profusely. If I've just had 10 chocolate eclairs and you offer me an 11th, I'll cringe and sob "Nooooo... please no more cream cakes!". Money is the same as cream cakes.

 

[gjgm]

Money is the same as cream cakes.

and now with added fat !

 

[MapisM]

Money is the same as cream cakes.

Actually, if asked what exceptions to the marginal utility theory I can think of, money would be the first thing popping to my mind - obviously because of one of its characteristics: fungibility.
No, wait. Coming to think of it, maybe money is the second.
The first exception is bound to be health, I reckon. And funnily enough, because that's not fungible at all...

 

[jfm]

Actually, if asked what exceptions to the marginal utility theory I can think of, money would be the first thing popping to my mind - obviously because of one of its characteristics: fungibility.
No, wait. Coming to think of it, maybe money is the second.
The first exception is bound to be health, I reckon. And funnily enough, because that's not fungible at all...

I don't see that fungibility has anything to do with this - cream cakes are as fungible as money. (Maybe we are interpreting the word "fungible" differently).

Joe Average will care very much if he suddenly receives £1m. Someone who has say £20m already won't care that much the day he receives another £1m, or loses £1m, or spends it on a boat. Someone with £100m will care even less.

Even health, in some respects: marginal utility of a single kidney is much higher than of a second kidney.

Trust me- you can analyse most of life's big issues using cream cake metaphors :encouragement::encouragement:

 

[petem]

Funnily enough there was a great article / speaker on the radio last week investigating Marxism, Marginal Utility and sharing food in restaurants.

 

[MapisM]

I don't see that fungibility has anything to do with this - cream cakes are as fungible as money. (Maybe we are interpreting the word "fungible" differently).

I suppose we do.
The meaning I have in mind is that you can easily convert money into cream cakes (or just about anything else, health being pretty much an exception, to a large extent), but turning cream cakes back into money is nowhere near as easy.

Anywy, I didn't disagree on the marginal utility as a whole, also for money.
Just on the part where it can reach the point of negative utility ("...please no more...").

 

[jfm]

I suppose we do.
The meaning I have in mind is that you can easily convert money into cream cakes (or just about anything else, health being pretty much an exception, to a large extent), but turning cream cakes back into money is nowhere near as easy.

Anywy, I didn't disagree on the marginal utility as a whole, also for money.
Just on the part where it can reach the point of negative utility ("...please no more...").

Ah ok - then we are all agreed.
I was indeed using a slightly different definition of fungible. I meant that money is fungible with other money, ie the nature of the item is that it is intrisically fungible. Like water, sand, air, etc. You were using fungible in a "cross category" sense, ie the question of whether cream cakes are fungible with money. All perfectly ok!

However, in EN, the word fungible rarely if ever takes a directional sense on its own - ie I would say that in correct EN for two things to be fungible they must be mutually swappable, ie cream cakes into money has to be as easy as money into cream cakes - that is fungibility. You'd need some extra words to explain you were using fungible in a directional sense. No big deal though!

 

[Zing]

You write just from your own very particular circumstances, and maybe forget that the value of things to people depends on how many of those things they already have ("marginal utility", as an economist would call it). If I drop by your boat and you offer me a cup of tea and a chocolate eclair, I'll be delighted and thank you profusely. If I've just had 10 chocolate eclairs and you offer me an 11th, I'll cringe and sob "Nooooo... please no more cream cakes!". Money is the same as cream cakes.

There are lots of things going on in the buyer's heads. It is often not an issue of balanced reasoning of what utility their spare cash has and in spending it using a logical rationale. Some people seem to underestimate the real value of these metaphorical cakes, when really most sensible people would not. I know two different people on modest incomes who mortgaged their houses or took out big loans to raise money to fund the new, fast depreciating grp tub. They quite obviously to me at the time overdid it. One of them later did actually lose his house because of this foolishness. The other suffered badly too. Accelerating negative equity - not a nice or easy mess to get out of.

 

[Cheery]

Take Mr. Average, I'll do, who suddenly finds his numbers have come up. First thing in the morning I'm on the phone to A.N. Other Yacht brokers to get me a large FairPrinSun off the secondhand market. Why second hand with all that money you ask? Time is a luxury that can't be bought. As stated above, when you have so much, it is irrelevant. Memories are better than dreams and certainly better than a property portfolio that the taxman will get his share of when you shuffle off.

 

[Deleted User YDKXO]

T Memories are better than dreams and certainly better than a property portfolio that the taxman will get his share of when you shuffle off.

Won't the taxman get a share of your boat too when you shuffle off?

 

[Portofino]

Take Mr. Average, I'll do, who suddenly finds his numbers have come up. First thing in the morning I'm on the phone to A.N. Other Yacht brokers to get me a large FairPrinSun off the secondhand market. Why second hand with all that money you ask? Time is a luxury that can't be bought. As stated above, when you have so much, it is irrelevant. Memories are better than dreams and certainly better than a property portfolio that the taxman will get his share of when you shuffle off.

All agreed except the " better than a property portfolio that the taxman will get his hands on ----- "
Place it in your kids name in the Uk . - live more than 7 years or suffer pro rata tax .
I,ve bought an "investment " in Wc1 - Uni area - kid live ,s in it -no depreciation ( like a boat) and no rent from bank of mum n dad - ( prob never sell it - where do put your £ - plastic or London property ? - you tell me ?
£ 25 M will buy you a nice house overlooking Regents Park or a nice mid range Sunseeker 40 M something or other ?

Buy in France _ - they ( your kids ) get a share B4 IHT. Kicks in .
Buy in Switzerland - when 18 put - thats add not displace - kids name on - they kop the lot .
Buy in Italy - primary property is exmpt IT .

So what I,am saying is the " taxman" cops the lot or 40% or what ever is not necessary true .
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