I love your positive attitudes. This will serve you well. Be sure and find other positive people to run around with because if you spend time with negative people, you will quickly start to see only problems and dissatisfaction will set in. This will be such an adventure. If we didn’t have grandchildren whom we were really involved with, we would be your neighbors on that beautiful ship!
We totally agree. Surrounding yourself with positive people is important and we've found it easy to do so far! Thanks for coming along and the good words!
Good for you guys! I love this discussion format. You seem aware of the pros and cons with ample insight to how it will affect you. Are you planning to redecorate? I know you like your leather sofas 😂. What an adventure!
Hey Erin! Thanks and great to hear from you! We are not yet redecorating but trying to make it home. Lots to do and we will do it over time. Small space so very particular about what we are doing. As always, great to hear from you!
I can’t do what you are doing, but I admire your adventurous approach! It seems to me you have researched the situation quite well. I wish you all the best, and will enjoy seeing how you’re doing.
I am so happy for you! Thank you for sharing your unique journey with us. I appreciate that you are realistic. Just as with any abode, there will be times where repairs are in order.
Thanks! Right now we are doing them, but the ship is talking about getting us assistance and doing them as a whole group. Stay tuned and thanks for coming along!
Thanks! Right now we are doing them, but the ship is talking about getting us assistance and doing them as a whole group. Stay tuned and thanks for coming along!
Very thoughtful assessment! My risk comfort would be the same as yours: not spending anything I couldn’t afford to lose and keeping a home base elsewhere. Regarding months at sea and burnout from tourism: I think I would try to “live my normal life” but in that new environment. Like continue pursuing my regular interests and goals as much as possible. I would get tired quickly if I only toured markets and churches every day. But I would love to hike in new places, study languages, and meet up with friends around the world.
I have thought about this too. I picture that I would have my sewing machine with me and a closet full of fabric and I would be quilting, reading and doing lots of walking otherwise I think after awhile all the places would begin to look alike and I wouldn’t want to be in a perpetual vacation mode. That being said, I would pick this way to see the world. How nice would it be to not have to pack and grab planes. I could just unpack and each day wake up in another place with no stress and hurrying along. I would definitely combine travel with living a normal life at the same time.
Hey! Thanks for the comment and coming along! We agree. Trying to maintain kind of a normal life versus vacation mode, or at least a good balance is our plan. So glad to have you join us!
I am so impressed with your thoughtful measured approach. I have been following this cruise ship and some of its you tubers, but I am so happy for some lgbtq representation. I look forward to following you and your travels. Enjoy! We would not consider this because we don’t love this type of travel. But good for you both. I will just have to live vicariously though you😅
Love your logical approach to this venture. Yes, this is something that my husband and I would consider doing at some point in the future if the opportunity presents itself.
I would definitely buy a cabin! I don’t understand why so many people are so against Villa Vie. It’s like they want them to fail. I am envious and I can’t wait to see your cabin!
@@BeanieBabyTrader this is a start up basically. All of this is kind of to be expected. I think everything will work out just fine. Just because Antarctica is off the table right now doesn’t mean it won’t be back in the table later.
Congratulations to you both-this is not for everyone and you guys did your research! I’m not where I can join right now but definitely planning on it in a few years! Will be following along until then!
Interesting video!! I am wondering what your thoughts were in considering the food taste and quality compared to other cruises you have been on? I truly wish you well and I look forward to your future videos!
Hey! Thanks so much for coming along! We have really enjoyed the food so far. It’s less variety than huge ship, but on par with the smaller ships. As more people board there will be more variety and options, but we are good. Glad to have you come along!
As we’ve said, we aren’t selling anything and don’t recommend anyone investing in anything. We don’t even manage our own investments and this isn’t a true investment in capital. It’s an investment in travel and lifestyle. Are you trying to sell beans babies? See the comparison?
@@dchiddengems I was so confused about your response until I saw the other comment and their name. Doesn't take much to confuse this old lady though. Haha
Hello Lovelies! I’m excited to watch your journeys from the comfort of my land home. However, this lifestyle does appeal to me so whenever my youngest goes to college-I’ll be considering joining you.
Thanks, Terry! We really try to balance our decisions with facts, instincts and judgment, but acknowledge other folks have different ways and circumstances. We are excited to have you join us and so appreciate your support!
I really fancy sailing around the world. Yes, tonnes of negativity around VVR which is a shame considering it's only just launched. My biggest concern are the changes in the contract and monthly fees are super high. Fortunately, I'm from the UK so very near Southampton and Tilbury Ports so we could jump on a ship every month without flying for considerably less than VVR, BUT saying that I love the idea of a community at-sea philosophy. Great informative videos chaps, keep them coming. Have a great weekend x
Excellent analysis. The concept is definitely exciting and it will be interesting to see how it evolves. Storage is a big issue. As a kid we did Australia-UK ship travel (late sixties) and the ships had holds where bulk luggage was stored plus a big storage room. You could access the storage room during the trip. These things don't exist and sending unaccompanied baggage is expensive. Then again you are following the sun so with some judicious packing clothes should be manageable. Post Singapore I'd think about a holiday from the ship. Accommodation and air fares within Asia are very cheap so catching up with the ship in say India is a breeze. So many choices and experiences await you. Best of luck and please keep up these types of videos.
Thanks for the video! When are you boarding the ship? I think you mentioned somewhere in the Caribbean (if I’m not wrong). Hope to get a glimpse of your cabin. Have a great adventure! I hope to be able to join one of the segments in future 😬. ❤
Hey! We boarded in St Lucia. We are onboard now. Cabin and onboard videos soon. We did this video right before our departure at home in DC. Thanks for the question
Third, there are many items that remain unrepaired and they used up a lot of funds with delays and repairs. Finally, the biggest risk is the lack of financing moving forward. 200 residents does not reach the breakeven point and it is very unlikely they will achieve the 600 or more regularly that are necessary to pay, not to mention rising costs against a fixed revenue model. Unsustainable.
Again, thanks for the comment. Your information isn’t all accurate but we support your right to believe it. We have man6 challenges and there’s been a lot of mistakes but we still are in and will see where we land.
I think that anytime there is a new concept, there’s a lot of negativity that goes along with it. But, it takes those who have vision to take the chance. We live in The Villages, FL. It’s the largest retirement community in the world. It was a pipe dream once. It is not for everyone, but its success is in those who choose the lifestyle. There are constant rumors. Most are totally false. But, people like to judge what others choose to do. We have talked about the Odyssey. I think that if we were 10 years younger, we would have considered it. I’m enjoying watching the videos of residents, as well as your process. Enjoy the ride!
Thanks so much for the good words! Yes, a lot is being said, and there were many issues. We are rolling with it and doing so with our eyes open. It’s not for everyone and for sure there’s risk but we are in and not getting hung up on what it’s not but rolling along with what it is.
Yes, I would consider it. I did check world cruises, such as Queen Mary 2, and the price for a balcony cabin was just a bit more for an inside. Ville de VIe is comparable in cost, when you figure in the cabin cost, PVM, and the reduced value of the cabin every year until `5 years. The QM2 would give you a much larger and nicer ship, a ship designed for world travel, and more amenities. However, because the smaller ship can travel to smaller ports, the VDV had better ports stops, and longer, I saw a large number of 2-4 night stops. This really isn’t the case on the QM2. I think I would go with the VDV with the ownership option.
So, you're talking about what makes Villa Vie unique... but the issue which caused all the other liveaboard cruise lines to falter was the inability to make the finances work. You've pointed out yourselves that only one ship has ever succeeded at this over the long term, and they do it by charging an obscene amount of money -- because they crunched the numbers and that's what they found that it takes to make a cruise line able to offer everything the World offers and still break even or better. So what I was hoping to hear from you, and I'm still hoping to hear at some point, is: *what makes Villa Vie unique in a way which leads YOU to believe it will be able to make the budget work when no other ship of its kind ever has?* I assume that you've done some investigation into the company, the budget, the expectations, etc and you think that you have reason to believe that they will be able to make the numbers work despite no other such ship ever doing it successfully before... so what, exactly, makes you think so? You say that you 'looked at the business case' but what did you see there which made you think it was viable? I would be very interested to hear your answer. Honestly, I think the most likely success story for Villa Vie will be if it drastically reduces expectations but in the right ways -- instead of trying to be a luxury service-based vacation home, if it becomes a floating apartment building, with facilities for ordinary daily living plus a social life that's made by the community itself, out of homespun activities together. That would conserve as much as possible of the company's money for ship repair and eventually replacement, and necessary sailing and maintenance costs. It's possible it could pull that off, if it didn't attempt to pour money into competing with the short term cruise lines in service and atmosphere -- which uses an enormous amount of manpower, which is one of the most expensive things in any company's budget.
@BeanieBabyTrader At least there's no way to make money on it while creating a product which lives up to the expected standards of their short term cruise ships. As I said above, I think it might be possible for a well run line (which I know has not so far even begun to describe Villa Vie) to make the numbers work by not even trying to create the kind of lifestyle that a normal "cruise ship" involves -- essentially a floating all-inclusive resort -- and instead creating the lifestyle of a floating co-op apartment building. Offer no-frills residences and no-frills entertainment and service, conserving money for safety, maintenance, sailing, and port fees. But if that could be done by anyone (and I'm not sure it can be; I only think it's the only possibility I can imagine) it *couldn't* be done by any subsidiary of a major short term cruise line. Because those lines have their brands linked to that lavish pleasure world of ordinary cruising, anything they put onto the market would be expected to keep up with the short term cruise ships they operate. They wouldn't be able to get away with it; people would expect their new homes to resemble the cruises they'd taken with the same line in the past, no matter how much it told them that wasn't what they were doing with this one. A totally different line, which had no connections to any current line, might have a chance. I still don't know whether or not it would work, but at least they'd be able to set expectations where they wanted them. After that, it's just a matter of whether or not even that would be enough to make the numbers work out okay.
@BeanieBabyTrader I agree on where the cruise lines' profit comes from, but that's not the only place it's possible for profit to come from. An apartment building makes its profit in a completely different way. I'd like to see a residential ship -- I can't really call it a residential cruise ship, under these circumstances -- which operates on the same basis as an apartment building; especially a co-op. Let the founding company buy the ship in the first place and then sell shares to the incoming residents until the ship is filled up. By that point, the original purchasing company is out of the picture except as a management company, which gets paid for its services by the co-op board. They've taken their profit in the first place, and after that they get regular payment from the residents for sailing the ship and running the onboard services, but they don't have authority over the ship. That belongs to the residents through their board, and they can in theory fire the management company and hire a different one if they wanted to (and could find one which wanted the job). This puts maximum control into the hands of the residents, and it gets the original company quick profit and then limits its risk. The monthly maintenance cost to residents is whatever their board negotiates with the management company. The board -- together with a vote of the residents on important things -- decides the route, the budget, and the plans for ship maintenance and repairs as needed. They also approve new residents when someone sells their shares. That's a model that I've seen work in other settings -- New York apartment buildings run that way on a regular basis. They don't have as much to do as a ship does in order to keep it running, but they do have a lot, and I think it will be different in degree but not in kind. But it's a radically different structure than any cruise line uses, and I doubt they would be interested in running it. It would take a different type of shipping company to organize.
@BeanieBabyTrader Yeah, that's definitely the problem that I see with Villa Vie, and you're right that it's a potential problem with the co-op model. If I were going to try and do it myself -- which I have absolutely no desire to do, even if I had the money, which I also don't!! -- I would begin by going to the boards of several successful co-op buildings, especially those with old but well maintained structures. I would want to study how exactly they handled the process of ensuring a sufficient reserve to cover maintenance and repairs so that the building stayed safe, comfortable, and up to code. It's not exactly comparable, but it could help.
@BeanieBabyTrader Well sure, but some people can't afford to buy a New York City apartment either. That doesn't mean you can't run a building for those who can. I think you're misunderstanding that I'm trying to do here. I'm absolutely not trying to explain why Villa Vie is going to work, because I don't think it *is* going to work. Nor am I trying to build a business model for a way that absolutely anybody, at any economic level, can live on a cruise ship. It's not possible. I know that. What I'm trying to do here is to work out a potential way that someone -- someone who is a lot better at running things than the management of Villa Vie!! -- could potentially achieve the basic goal that Villa Vie claimed it was trying to accomplish: create a sustainable way for people to live at sea who are reasonably well off but not necessarily the billionaires who mostly inhabit the World. I'm targeting the same economic bracket that Villa Vie is, which is essentially people who have the money to buy an upscale house, in roughly the $600K-$1.2M range. But I'm thinking, as an exercise in imagination, about how to completely rework the concept from scratch so that I find a different and more sustainable way for the same economic bracket to go to sea. The most important thing that I believe changes that economic bracket from unsustainable to feasible for long term financial stability on a ship isn't the co-op model. That's just an easy way to make sure that the needs of the residents align with the needs of the management which has to turn a profit. The part of my proposal which I believe is crucial in order to make the concept sustainable is simply that you can make it a ship but you can't make it a cruise ship. Your residents will need to live quietly, about the way they would live at home on land, without fancy food and entertainment built into the price. Those things -- the fancy food and entertainment that people associate with being aboard a cruise ship -- are the parts that can't *ever* be sustainable, even with better management, unless you get up to the World's prices. But they're also not necessary for people to live on a ship and have a good time. Cut them all out and put the money into sound maintenance and sound sailing, with a strong itinerary, and you'll have an exciting enough place for people to enjoy living.
Thanks for the comment. I can’t comment on financials but what makes sense to us is a growing demand for the product, the ability to scale in future after a lot of hard lessons and likely more coming, the differentiated product (it’s not a commercial cruise in many ways) and the founders model along with higher priced and variable pricing for non- owners. It’s still a start up and much to do, with risk. But Fred Smith kept FedEx solvent in the beginning with a lucky blackjack play in Vegas when it was on verge of collapse. There’s definitely risk, mistakes, unmet expectations and a lot of people pulling against it, but we are here and enjoying the ride.
I love the concept don’t take any notice of the naysayers I would love this lifestyle but can’t afford it sadly I wish good things for you and I am jealous but looking forward to all your adventures and hopefully sharing them with you in your videos love from Australia
I have reserved many segments on villa vie and actually was one of the first owners on storylines which is more similar to the world. Even though it is risky by getting involved the earliest on start ups you get the best deals.
My concern over health care availability won’t make it an option for me. I prefer to have specialists, labs, equipment, dentist nearby and on the ready for my aging body.
Hey. Thanks for the comment. Yes, access to healthcare is different. We are retaining our healthcare in the US and traveling home regularly. There is a doctor and nurses but it’s not like home. We also bought travel healthcare to cover us out of US and evacuation. A very important consideration for sure.
Perhaps you have completed the most comprehensive assessment of VillaVie. Thank you for sharing your decision making process. I think VV is a very exciting opportunity. I would consider it but have a dog now and won't leave him behind. I have selected "my" cabin and have some ideas about how I would upgrade it. We have had two homes for the past 25 years, for ten years one of those homes was out of the country, so have lived with some of the challenges that the lifestyle presents. Are you able to share information on projected annual operating costs for the ship? What is the breakeven point for the ship? I understand that sale proceeds were in escrow until the ship sailed. The sponsors now have the use of those funds? Thank you for being pioneers.
Thanks! We are glad you’re coming along with us, and understand on your dog. We lost both our pets before traveling too. We can’t share financials but the owners do have all the funds now that we are operating. Really glad to have you with us!
Hey. We are getting our own, but the ship crew is talking about potentially assisting us by coordinating for the whole group. Stay tuned and thanks for the question.
We actually really like the ship. We cruised Azamara often and those ships are older. For sure it means the ship has to be maintained and comes with some challenges a newer one wouldn’t, but we are really enjoying it so far. Stay tuned!
My husband worked on cruise ships for several years and he said he would never like to take a cruise as a passenger for the quality of Healthcare and the true possibility of quarantine.
Hey. Thanks for your comment and coming along! For sure healthcare is a big concern and we are keeping ours back in the US plus bought travel healthcare to supplement. Quarantine could happen, as with Covid, but we are excited and accept the risk. Stay tuned!
This is not something that would work for me. I think while I would love the “seeing the world” part, I think I would also get very bored very fast of the same small space, the same restaurants, the same faces…. I’d miss my hobbies, ( I don’t think I could take a sewing g machine and a spinning wheel on a cruise!) That said I’m looking forward to following your adventures- maybe I’ll change my mind!
Good discussion but you misrepresent several issues. First, the current ceo and coo were founders of Life at Sea which they helped caused to go bankrupt. Second, the need for new rudderstocks and multiple certifications were all well-known but hidden to residents who were strung along with weekly misstatements on departure dates. They did this dishonestly to prevent triggering contractual refunds by those who were fooled by the constant lies.
@stevefrancis6236 if this even true and not more gossip I believe most people learn from their mistakes and I'm sure there was many other factors involved that are really non of our business...as they say Live And Learn!
Hey. The ceo was affiliated with LAS and left. We don’t believe and see no evidence why the statements you infer are accurate. It would seem pretty dumb, in fact, given they spent a lot of money paying for the delays. That said, we aren’t here to argue with you. There were many mistakes made, and in our view had there been that kind of strategy it would’ve been less hectic and fewer fits and starts than what happened. Where’s your info from on your accusations of dishonesty? Best to you, always:)
Hey! We do believe many hard lessons were learned. Lots of opinions and people who seem to be absolutely sure about things that we as people inside and on the ship don’t see. Power of social media?!
@@dchiddengems they knew the rudder stocks needed to be replaced and all the certifications had to be reissued. No way that could have been done in 2-3 weeks of dry dock. They thought the rudders would slide by inspections which they did not.
@@dchiddengems Thank you for your lovely reply. Travel is a journey. Every Port, every Ocean is different. Enjoy every minute. !!! Oh I almost forgot, enjoy the sun too.🍁
They are sailing with 185 passengers and maybe getting 70 more in Panama. That is 250 but their website shows 650 capacity. The lack of revenue from paying passengers and cabin sales is not good. When you studied the projections for the finances of this ship, it was before the surprise repairs needed and not based on these low number of sales. The risk now is higher because of how this venture is coming up short and you can see the cabins are not selling from the deck plans on the website.
We actually looked at things in July in the middle of the delay. There’s been a lot of unexpected things and expenses, for sure. We are aware of the risk and going forward with the understanding that things are definitely not certain nor guaranteed. Stay tuned and we’ll keep you updated on how things go!
Right now, there are about 200 passengers after Panama. The company is shooting for 650 passengers. This is a very small ship. Have you ever sailed on a crowded ship? Not a good time. People in overcrowded spaces do not behave well. Thry need 650 to survive financially.
@georgettenorth2776 this is why I won't go on those big ships, I've seen videos of them being so crowded especially the pool, just too many people like 4,000 or 5,000 😳 Smaller ships also are better if you like a community feel plus it gets into ports and places the big ships can't go to, so more places to see that are also less crowded...🫶🚢🚢🚢 But thats what I like...To each their own...
So, how is your ownership (and liability) legally written? How much personal liability have you incurred if you can’t resell it down the road? It feels like you snagged some kind of sponsorship deal with this outfit. Transparency vs smoke, please.
Hey. We have basically a right to use for 15 years or life of ship. We can sell at a gain or loss. We are definitely not sponsored. We are founders and bought in, but are in no way sponsored. Just sharing our experience. We’ve travelled for over three years after early retiring. No smoking zone:)
I could make your choice for 6 months per annum, but not with the monthly HOA costs that you had to for 15 years. $750,000 USD. Looks great though. When was the ship built? The buy-in is cheapest, the monthly is huge.
Hey again. Yes, the monthly is the ongoing and larger spend. If desired you could rent the cabin for offset of expenses or let friends/family use it when you’re not there.
I wish you both the best of luck. This “investment “ is not for me. I love cruising and have taken a world cruise so months at sea is not a problem for me. I do think that to see the world, you need to go beyond the coastline. I usually extend a cruise with land based touring and would miss that with this type of travel.
Hey! Thanks for the comment and coming along! We hear you. We are actually going to do that too. While we are “double paying” some we agree with your pov and want to get beyond the coast proximity. Glad you’re coming along!
I didn't see cooking as a potential issue. Don't know your interests but even I, who doesn't cook much, would miss the ability to make myself some french toast or potatoe pancakes.
Hey. Thanks for comment and coming along. We love to cook at home but are so far ok. We eat very differently so it’s been nice to have separate options we both can choose. Stay tuned!
@johnfkeating we know many who believe the roi is worth it, but it depends on what’s important to the person and how much disposable income is available as many feel the opportunity to explore the world is too good to pass up
@ omg. Don’t get me wrong!!! So glad you guys did it and have the income!!!! Many blessings to you both❤️❤️❤️. It just seems like if I break it down I can’t see it. Now obviously you have to factor in the cost of 30 days of cruising and all the great Benefits that is. Maybe one day!!!!
While I love the idea, I don’t see how the business model will work long term. As I understand it, your monthly fees are fixed. So if there are unexpected expenses, I don’t understand how those are covered… plus ships have to go in dry dock periodically… who pays for that and where do passengers go? I read somewhere that to go to Antarctic the hull needs reinforcing… I assume that Odyssey is not certified for this.. if the ship had to be fixed.. when would this be done.. who pays? I wish you all the best but I can’t see how they will make money.
@joannekearney5329 good questions. It’s a complex financial model but while our fees are fixed, the short term segments prices for temporary renters go up. Also don’t forget the initial outlay of money that buyers made that are then reinvested. Also once the second ship is launched, the overhead will be slashed. That’s at least part of it.
@susanjackson8066 that’s a very forward question. But the answer is we put ourselves through school and worked very hard. Thanks for visiting our channel.
@ true, but I’m always curious how people can travel/cruise so much. We certainly haven’t been able to cruise frequently. Wish we could. Did not mean to be rude or intrusive.
Actually a major part of the delays and cost overruns were to certify the ship with authorities. Safety is not in the control of the owners. We are confident in our safety and wouldn’t be on board otherwise. There’s actually a safety drill happening as I write this!
Hey. Yes, we do pay monthly for all the travel, services, food, etc. That is understandable and an ongoing payment for things we consume. It’s not inexpensive, but it’s a value for us compared to traveling other ways. Thanks for coming along!
Timeshare type scam. And you STILL bought after all those problems! Are you being paid to advertise this venture? Endless apologies for this Company!! Just say this is a big financial gamble and you took it eyes wide open.
Hey. We don’t think it’s a timeshare, a scam, or an advertisement. We are not paid, and we have traveled for years after early retirement. Yes, we actually agree it’s a financial gamble and don’t recommend to anyone who shouldn’t take such a risk. We do have our eyes open and recommend anybody else do the same!1
Confirmed. We are not active on affiliate program because we do t want the accusations and drama:). You can safely buy without worrying about us getting some onboard credit:).
Kerry, we have a ship, and we're sailing. Proof: We are living the lifestyle we bought. Now just sit and relax in your living room and look at us sailing away. ✌️
I think this company will go bankrupt within a year but if you knew this going in, and you should have. Enjoy the time you have!! Its like the timeshare scams of the 90's.
Hey, Susan. We disagree, obviously, but acknowledge the risk, as we’ve talked about before. We are having fun and able to take things as they come. We just added about 100 new residents, so it’s growing and we believe in the model and are ok being pioneers.
When investing such a significant amount of money, you have to look at the stability of the company and the competence of its management. In this case, it was a no from me on both counts. I am very positive about the concept, but it isn’t viable in this case when looking at the financial structure of this operation. I’d rather continue to wait for a company who can provide a more stable situation.
Hey. Thanks for the comment. For sure there are risks and many things that could have been done differently. We understand and accept the risks and at our age don’t want to wait for something else. We are rolling with it and we are understanding there will be bumps. We definitely kept our home and are enjoying the journey. Thanks again!
Well, My parents bought an apartment at The World back in 2004 and they have loved it since. They live today 80% of their time onboard and we as family visit them as much as we can. Like right now heading to Christmast Island from Pago Pago. The different between this concept and Villa Vie is actually Hugh.. I am not so sure after what I have heard and read that I would consider to buy a cabin onboard and you actually dont own it. You long term rent it for a period of time. I am not sure if I would stayed onboard Vila Vie without any chance to make myself a dinner in the apartment. Also how much do they let the passengers decide of the cruise route and the port to visit. Its like a small city on the Sea. And as in all cities you have good part and bad parts. But as long as you are sure what do to and you are up for it then go for it. I would recommend to you to visit the ship first see if you like it and talk to fellow passengers. Also look into what it the extra you have to pay for? Even port taxes can give people a surprise. Look into all aspects of the cruise and read everything written with small texts. Make sure to make a contract that suits you not what they want. You never know . About the ship it was a super ship and extremely well maintained when owned by Fred Olsen Cruises. A really beautiful Lady. The reason why they sold it because of the majority of the cabins are extremely small. At one point as Braemar people wouldn't dream to cruise on another ship. She had a loyal following. To live onboard this ship , would never work for my family or me. You cant say its an apartment at sea because thats the last this ship has. Its cabins and some suites. Good luck in anything you choose. Just do your research :-)
Hey! Thanks for the comment and coming along! For sure this is totally different than The World. We are aware it’s a modified older ship and understand the differences between it and The World. We are rolling with it. Eyes open and aware of the risk but having fun. We kept our home and aren’t worried about the risks, and are enjoying the ride. So cool that your parents got on The World! Bet they’ve had some great adventures.
@@dchiddengems Good Luck with your journey I do understand that you bought an Cabin. Enjoy your new lifestyle and all the best. Thank you for your answer.
I love your positivity for the ville vie lifestyle. I am just buzzing that i get to go along on the adventure. Love and hugs from the Uk x
Thank you so much!
I love your positive attitudes. This will serve you well. Be sure and find other positive people to run around with because if you spend time with negative people, you will quickly start to see only problems and dissatisfaction will set in. This will be such an adventure. If we didn’t have grandchildren whom we were really involved with, we would be your neighbors on that beautiful ship!
I agree, and wish I could join them as well!❤👌🚢👍💯💯💯
That’s what they’re hoping! This is like one big commercial.
TIMESHARE scam talking points verbatim!
We totally agree. Surrounding yourself with positive people is important and we've found it easy to do so far! Thanks for coming along and the good words!
Good for you guys! I love this discussion format. You seem aware of the pros and cons with ample insight to how it will affect you. Are you planning to redecorate? I know you like your leather sofas 😂. What an adventure!
Hey Erin! Thanks and great to hear from you! We are not yet redecorating but trying to make it home. Lots to do and we will do it over time. Small space so very particular about what we are doing. As always, great to hear from you!
I can’t do what you are doing, but I admire your adventurous approach! It seems to me you have researched the situation quite well. I wish you all the best, and will enjoy seeing how you’re doing.
We appreciate you coming along with us on this journey!
I am so happy for you! Thank you for sharing your unique journey with us. I appreciate that you are realistic. Just as with any abode, there will be times where repairs are in order.
It’s a whole new world out here! Thanks for coming along! Yes, we are trying to be realistic and enjoy the journey. Glad you’re with us:)
Thanks! Right now we are doing them, but the ship is talking about getting us assistance and doing them as a whole group. Stay tuned and thanks for coming along!
Thanks! Right now we are doing them, but the ship is talking about getting us assistance and doing them as a whole group. Stay tuned and thanks for coming along!
Very thoughtful assessment!
My risk comfort would be the same as yours: not spending anything I couldn’t afford to lose and keeping a home base elsewhere.
Regarding months at sea and burnout from tourism: I think I would try to “live my normal life” but in that new environment. Like continue pursuing my regular interests and goals as much as possible. I would get tired quickly if I only toured markets and churches every day. But I would love to hike in new places, study languages, and meet up with friends around the world.
I have thought about this too. I picture that I would have my sewing machine with me and a closet full of fabric and I would be quilting, reading and doing lots of walking otherwise I think after awhile all the places would begin to look alike and I wouldn’t want to be in a perpetual vacation mode. That being said, I would pick this way to see the world. How nice would it be to not have to pack and grab planes. I could just unpack and each day wake up in another place with no stress and hurrying along. I would definitely combine travel with living a normal life at the same time.
Hey! Thanks for the comment and coming along! We agree. Trying to maintain kind of a normal life versus vacation mode, or at least a good balance is our plan. So glad to have you join us!
If you're not as comfortable find a friend or someone who can share a cabin with you. Half and half. We do and we love it😅
I am so impressed with your thoughtful measured approach. I have been following this cruise ship and some of its you tubers, but I am so happy for some lgbtq representation. I look forward to following you and your travels. Enjoy! We would not consider this because we don’t love this type of travel. But good for you both. I will just have to live vicariously though you😅
Thanks so much for your kind words! We are so happy to have you come along for the journey!!
Love your logical approach to this venture. Yes, this is something that my husband and I would consider doing at some point in the future if the opportunity presents itself.
Thanks so much! We're glad you like our approach. We hope our experiences will help others as they navigate the world of cruise ship living.
I would definitely buy a cabin! I don’t understand why so many people are so against Villa Vie. It’s like they want them to fail. I am envious and I can’t wait to see your cabin!
Hey! Thanks for the comment and coming along! We will show the cabin soon!
@@BeanieBabyTrader this is a start up basically. All of this is kind of to be expected. I think everything will work out just fine. Just because Antarctica is off the table right now doesn’t mean it won’t be back in the table later.
You are always welcome here whenever you decided to come. I suggest try a segment or two and see if you love it too. ❤❤❤
Congratulations to you both-this is not for everyone and you guys did your research! I’m not where I can join right now but definitely planning on it in a few years! Will be following along until then!
Hey! Thanks for the good words! Excited you’re coming along and really appreciate your doing so!
Good luck on your journey. It is definitely something I would consider.
Thanks so much for coming along with us and your kind words!!:)
Interesting video!! I am wondering what your thoughts were in considering the food taste and quality compared to other cruises you have been on? I truly wish you well and I look forward to your future videos!
Hey! Thanks so much for coming along! We have really enjoyed the food so far. It’s less variety than huge ship, but on par with the smaller ships. As more people board there will be more variety and options, but we are good. Glad to have you come along!
I never heard of your guys before a few weeks ago. I started following you because you were taking this journey and it is a wish for me....
@jaleel7371 welcome aboard! Glad you found us!
I like what you said that you aren't spending what you can't afford to lose.
Thanks for coming along with us!
As we’ve said, we aren’t selling anything and don’t recommend anyone investing in anything. We don’t even manage our own investments and this isn’t a true investment in capital. It’s an investment in travel and lifestyle. Are you trying to sell beans babies? See the comparison?
@@dchiddengems I was so confused about your response until I saw the other comment and their name. Doesn't take much to confuse this old lady though. Haha
Hello Lovelies! I’m excited to watch your journeys from the comfort of my land home. However, this lifestyle does appeal to me so whenever my youngest goes to college-I’ll be considering joining you.
Lovelies? Two fruitcakes?
Lovelies? They are men.
@@jonathanstirling7167Maybe she was mocking them?
Hey! Thanks for the good words. We’re so glad to have you join us on our journey! We’ll keep you posted!
Looks like you gave this serious thought glad it’s going good for you . There are to many negative comments on here
Thanks, Terry! We really try to balance our decisions with facts, instincts and judgment, but acknowledge other folks have different ways and circumstances. We are excited to have you join us and so appreciate your support!
I really fancy sailing around the world. Yes, tonnes of negativity around VVR which is a shame considering it's only just launched. My biggest concern are the changes in the contract and monthly fees are super high. Fortunately, I'm from the UK so very near Southampton and Tilbury Ports so we could jump on a ship every month without flying for considerably less than VVR, BUT saying that I love the idea of a community at-sea philosophy. Great informative videos chaps, keep them coming. Have a great weekend x
I agree, staying onboard though full time you don't have to pack and unpack every time...just travel and see the world without moving...😊❤
Thanks for the good words and coming along! Nice that you can pick up cruises so close to home. Thanks for sharing!
Yes!
Excellent analysis. The concept is definitely exciting and it will be interesting to see how it evolves.
Storage is a big issue. As a kid we did Australia-UK ship travel (late sixties) and the ships had holds where bulk luggage was stored plus a big storage room. You could access the storage room during the trip. These things don't exist and sending unaccompanied baggage is expensive. Then again you are following the sun so with some judicious packing clothes should be manageable.
Post Singapore I'd think about a holiday from the ship. Accommodation and air fares within Asia are very cheap so catching up with the ship in say India is a breeze.
So many choices and experiences await you. Best of luck and please keep up these types of videos.
We'll definitely be sharing more about storage solutions and those great Asia travel ideas. Thanks for sharing and so happy to have you coming along!
Thanks for the video! When are you boarding the ship? I think you mentioned somewhere in the Caribbean (if I’m not wrong). Hope to get a glimpse of your cabin. Have a great adventure! I hope to be able to join one of the segments in future 😬. ❤
Hey! We boarded in St Lucia. We are onboard now. Cabin and onboard videos soon. We did this video right before our departure at home in DC. Thanks for the question
Yes, we boarded in St Lucia.
Hey. That’s correct!
Third, there are many items that remain unrepaired and they used up a lot of funds with delays and repairs. Finally, the biggest risk is the lack of financing moving forward. 200 residents does not reach the breakeven point and it is very unlikely they will achieve the 600 or more regularly that are necessary to pay, not to mention rising costs against a fixed revenue model. Unsustainable.
Again, thanks for the comment. Your information isn’t all accurate but we support your right to believe it. We have man6 challenges and there’s been a lot of mistakes but we still are in and will see where we land.
I think that anytime there is a new concept, there’s a lot of negativity that goes along with it. But, it takes those who have vision to take the chance. We live in The Villages, FL. It’s the largest retirement community in the world. It was a pipe dream once. It is not for everyone, but its success is in those who choose the lifestyle. There are constant rumors. Most are totally false. But, people like to judge what others choose to do. We have talked about the Odyssey. I think that if we were 10 years younger, we would have considered it. I’m enjoying watching the videos of residents, as well as your process. Enjoy the ride!
Thanks so much for the good words! Yes, a lot is being said, and there were many issues. We are rolling with it and doing so with our eyes open. It’s not for everyone and for sure there’s risk but we are in and not getting hung up on what it’s not but rolling along with what it is.
Yes, I would consider it. I did check world cruises, such as Queen Mary 2, and the price for a balcony cabin was just a bit more for an inside. Ville de VIe is comparable in cost, when you figure in the cabin cost, PVM, and the reduced value of the cabin every year until `5 years. The QM2 would give you a much larger and nicer ship, a ship designed for world travel, and more amenities. However, because the smaller ship can travel to smaller ports, the VDV had better ports stops, and longer, I saw a large number of 2-4 night stops. This really isn’t the case on the QM2. I think I would go with the VDV with the ownership option.
Thanks for the good words and coming along! We like the smaller ship and what if allows in terms of ports. Stay tuned and thanks again.
It was only in dry dock in Belfast, it was docked in Rosyth for nearly 4 years
Yes, that’s correct. We know it was moved to Belfast for the dry dock that was delayed and prior at another location for years.
So, you're talking about what makes Villa Vie unique... but the issue which caused all the other liveaboard cruise lines to falter was the inability to make the finances work. You've pointed out yourselves that only one ship has ever succeeded at this over the long term, and they do it by charging an obscene amount of money -- because they crunched the numbers and that's what they found that it takes to make a cruise line able to offer everything the World offers and still break even or better.
So what I was hoping to hear from you, and I'm still hoping to hear at some point, is: *what makes Villa Vie unique in a way which leads YOU to believe it will be able to make the budget work when no other ship of its kind ever has?* I assume that you've done some investigation into the company, the budget, the expectations, etc and you think that you have reason to believe that they will be able to make the numbers work despite no other such ship ever doing it successfully before... so what, exactly, makes you think so? You say that you 'looked at the business case' but what did you see there which made you think it was viable?
I would be very interested to hear your answer.
Honestly, I think the most likely success story for Villa Vie will be if it drastically reduces expectations but in the right ways -- instead of trying to be a luxury service-based vacation home, if it becomes a floating apartment building, with facilities for ordinary daily living plus a social life that's made by the community itself, out of homespun activities together. That would conserve as much as possible of the company's money for ship repair and eventually replacement, and necessary sailing and maintenance costs. It's possible it could pull that off, if it didn't attempt to pour money into competing with the short term cruise lines in service and atmosphere -- which uses an enormous amount of manpower, which is one of the most expensive things in any company's budget.
@BeanieBabyTrader At least there's no way to make money on it while creating a product which lives up to the expected standards of their short term cruise ships. As I said above, I think it might be possible for a well run line (which I know has not so far even begun to describe Villa Vie) to make the numbers work by not even trying to create the kind of lifestyle that a normal "cruise ship" involves -- essentially a floating all-inclusive resort -- and instead creating the lifestyle of a floating co-op apartment building. Offer no-frills residences and no-frills entertainment and service, conserving money for safety, maintenance, sailing, and port fees.
But if that could be done by anyone (and I'm not sure it can be; I only think it's the only possibility I can imagine) it *couldn't* be done by any subsidiary of a major short term cruise line. Because those lines have their brands linked to that lavish pleasure world of ordinary cruising, anything they put onto the market would be expected to keep up with the short term cruise ships they operate. They wouldn't be able to get away with it; people would expect their new homes to resemble the cruises they'd taken with the same line in the past, no matter how much it told them that wasn't what they were doing with this one.
A totally different line, which had no connections to any current line, might have a chance. I still don't know whether or not it would work, but at least they'd be able to set expectations where they wanted them. After that, it's just a matter of whether or not even that would be enough to make the numbers work out okay.
@BeanieBabyTrader I agree on where the cruise lines' profit comes from, but that's not the only place it's possible for profit to come from. An apartment building makes its profit in a completely different way. I'd like to see a residential ship -- I can't really call it a residential cruise ship, under these circumstances -- which operates on the same basis as an apartment building; especially a co-op. Let the founding company buy the ship in the first place and then sell shares to the incoming residents until the ship is filled up.
By that point, the original purchasing company is out of the picture except as a management company, which gets paid for its services by the co-op board. They've taken their profit in the first place, and after that they get regular payment from the residents for sailing the ship and running the onboard services, but they don't have authority over the ship. That belongs to the residents through their board, and they can in theory fire the management company and hire a different one if they wanted to (and could find one which wanted the job).
This puts maximum control into the hands of the residents, and it gets the original company quick profit and then limits its risk. The monthly maintenance cost to residents is whatever their board negotiates with the management company. The board -- together with a vote of the residents on important things -- decides the route, the budget, and the plans for ship maintenance and repairs as needed. They also approve new residents when someone sells their shares.
That's a model that I've seen work in other settings -- New York apartment buildings run that way on a regular basis. They don't have as much to do as a ship does in order to keep it running, but they do have a lot, and I think it will be different in degree but not in kind. But it's a radically different structure than any cruise line uses, and I doubt they would be interested in running it. It would take a different type of shipping company to organize.
@BeanieBabyTrader Yeah, that's definitely the problem that I see with Villa Vie, and you're right that it's a potential problem with the co-op model. If I were going to try and do it myself -- which I have absolutely no desire to do, even if I had the money, which I also don't!! -- I would begin by going to the boards of several successful co-op buildings, especially those with old but well maintained structures. I would want to study how exactly they handled the process of ensuring a sufficient reserve to cover maintenance and repairs so that the building stayed safe, comfortable, and up to code. It's not exactly comparable, but it could help.
@BeanieBabyTrader Well sure, but some people can't afford to buy a New York City apartment either. That doesn't mean you can't run a building for those who can.
I think you're misunderstanding that I'm trying to do here. I'm absolutely not trying to explain why Villa Vie is going to work, because I don't think it *is* going to work. Nor am I trying to build a business model for a way that absolutely anybody, at any economic level, can live on a cruise ship. It's not possible. I know that.
What I'm trying to do here is to work out a potential way that someone -- someone who is a lot better at running things than the management of Villa Vie!! -- could potentially achieve the basic goal that Villa Vie claimed it was trying to accomplish: create a sustainable way for people to live at sea who are reasonably well off but not necessarily the billionaires who mostly inhabit the World. I'm targeting the same economic bracket that Villa Vie is, which is essentially people who have the money to buy an upscale house, in roughly the $600K-$1.2M range. But I'm thinking, as an exercise in imagination, about how to completely rework the concept from scratch so that I find a different and more sustainable way for the same economic bracket to go to sea.
The most important thing that I believe changes that economic bracket from unsustainable to feasible for long term financial stability on a ship isn't the co-op model. That's just an easy way to make sure that the needs of the residents align with the needs of the management which has to turn a profit. The part of my proposal which I believe is crucial in order to make the concept sustainable is simply that you can make it a ship but you can't make it a cruise ship. Your residents will need to live quietly, about the way they would live at home on land, without fancy food and entertainment built into the price.
Those things -- the fancy food and entertainment that people associate with being aboard a cruise ship -- are the parts that can't *ever* be sustainable, even with better management, unless you get up to the World's prices. But they're also not necessary for people to live on a ship and have a good time. Cut them all out and put the money into sound maintenance and sound sailing, with a strong itinerary, and you'll have an exciting enough place for people to enjoy living.
Thanks for the comment. I can’t comment on financials but what makes sense to us is a growing demand for the product, the ability to scale in future after a lot of hard lessons and likely more coming, the differentiated product (it’s not a commercial cruise in many ways) and the founders model along with higher priced and variable pricing for non- owners. It’s still a start up and much to do, with risk. But Fred Smith kept FedEx solvent in the beginning with a lucky blackjack play in Vegas when it was on verge of collapse. There’s definitely risk, mistakes, unmet expectations and a lot of people pulling against it, but we are here and enjoying the ride.
I love the concept don’t take any notice of the naysayers I would love this lifestyle but can’t afford it sadly I wish good things for you and I am jealous but looking forward to all your adventures and hopefully sharing them with you in your videos love from Australia
Hey! Thanks so much for coming along with us! So glad to have you, Anne:)
If we could bring our little dogs, I’d be very interested 😊. Still, looking forward in following along 😊
Hey! Yes, we understand the love for pets. We are so glad you are here with us, and hope you’ll send your pups our love,too!
I have reserved many segments on villa vie and actually was one of the first owners on storylines which is more similar to the world. Even though it is risky by getting involved the earliest on start ups you get the best deals.
@martyfinver9969 that is so true. Best of luck with Storylines!
My concern over health care availability won’t make it an option for me. I prefer to have specialists, labs, equipment, dentist nearby and on the ready for my aging body.
Hey. Thanks for the comment. Yes, access to healthcare is different. We are retaining our healthcare in the US and traveling home regularly. There is a doctor and nurses but it’s not like home. We also bought travel healthcare to cover us out of US and evacuation. A very important consideration for sure.
Perhaps you have completed the most comprehensive assessment of VillaVie. Thank you for sharing your decision making process. I think VV is a very exciting opportunity. I would consider it but have a dog now and won't leave him behind. I have selected "my" cabin and have some ideas about how I would upgrade it. We have had two homes for the past 25 years, for ten years one of those homes was out of the country, so have lived with some of the challenges that the lifestyle presents. Are you able to share information on projected annual operating costs for the ship? What is the breakeven point for the ship? I understand that sale proceeds were in escrow until the ship sailed. The sponsors now have the use of those funds? Thank you for being pioneers.
Thanks! We are glad you’re coming along with us, and understand on your dog. We lost both our pets before traveling too. We can’t share financials but the owners do have all the funds now that we are operating. Really glad to have you with us!
Hi since your travelling around the world what about visa ??? Who get them for you Villa Vie or you have to apply for them.
Hey. We are getting our own, but the ship crew is talking about potentially assisting us by coordinating for the whole group. Stay tuned and thanks for the question.
I like the idea but I feel the ship is too old for the plans they have
Newer ship would be better
A newer ship would most likely be more expensive to buy into.
We actually really like the ship. We cruised Azamara often and those ships are older. For sure it means the ship has to be maintained and comes with some challenges a newer one wouldn’t, but we are really enjoying it so far. Stay tuned!
My husband worked on cruise ships for several years and he said he would never like to take a cruise as a passenger for the quality of Healthcare and the true possibility of quarantine.
Hey. Thanks for your comment and coming along! For sure healthcare is a big concern and we are keeping ours back in the US plus bought travel healthcare to supplement. Quarantine could happen, as with Covid, but we are excited and accept the risk. Stay tuned!
This is not something that would work for me. I think while I would love the “seeing the world” part, I think I would also get very bored very fast of the same small space, the same restaurants, the same faces…. I’d miss my hobbies, ( I don’t think I could take a sewing g machine and a spinning wheel on a cruise!) That said I’m looking forward to following your adventures- maybe I’ll change my mind!
Hey! Thanks and we’ve definitely had those conversations ourselves. I guess we are going to find out and so happy to have you coming along!
Good discussion but you misrepresent several issues. First, the current ceo and coo were founders of Life at Sea which they helped caused to go bankrupt. Second, the need for new rudderstocks and multiple certifications were all well-known but hidden to residents who were strung along with weekly misstatements on departure dates. They did this dishonestly to prevent triggering contractual refunds by those who were fooled by the constant lies.
@stevefrancis6236 if this even true and not more gossip I believe most people learn from their mistakes and I'm sure there was many other factors involved that are really non of our business...as they say Live And Learn!
Hey. The ceo was affiliated with LAS and left. We don’t believe and see no evidence why the statements you infer are accurate. It would seem pretty dumb, in fact, given they spent a lot of money paying for the delays. That said, we aren’t here to argue with you. There were many mistakes made, and in our view had there been that kind of strategy it would’ve been less hectic and fewer fits and starts than what happened. Where’s your info from on your accusations of dishonesty? Best to you, always:)
Hey! We do believe many hard lessons were learned. Lots of opinions and people who seem to be absolutely sure about things that we as people inside and on the ship don’t see. Power of social media?!
@dchiddengems exactly, so many Trolls and naysayers...
@@dchiddengems they knew the rudder stocks needed to be replaced and all the certifications had to be reissued. No way that could have been done in 2-3 weeks of dry dock. They thought the rudders would slide by inspections which they did not.
Gentlemen, great video. Happy Sailing.
Thanks, glad to have you along for the journey!
@@dchiddengems Thank you for your lovely reply. Travel is a journey. Every Port, every Ocean is different. Enjoy every minute. !!! Oh I almost forgot, enjoy the sun too.🍁
We so agree!:)
They are sailing with 185 passengers and maybe getting 70 more in Panama. That is 250 but their website shows 650 capacity. The lack of revenue from paying passengers and cabin sales is not good. When you studied the projections for the finances of this ship, it was before the surprise repairs needed and not based on these low number of sales. The risk now is higher because of how this venture is coming up short and you can see the cabins are not selling from the deck plans on the website.
We actually looked at things in July in the middle of the delay. There’s been a lot of unexpected things and expenses, for sure. We are aware of the risk and going forward with the understanding that things are definitely not certain nor guaranteed. Stay tuned and we’ll keep you updated on how things go!
Enjoy this time, it's going to be a awesome experience wish I could you all in this great community atmosphere! ❤🚢🎉
Right now, there are about 200 passengers after Panama. The company is shooting for 650 passengers. This is a very small ship. Have you ever sailed on a crowded ship? Not a good time. People in overcrowded spaces do not behave well. Thry need 650 to survive financially.
@georgettenorth2776 this is why I won't go on those big ships, I've seen videos of them being so crowded especially the pool, just too many people like 4,000 or 5,000 😳 Smaller ships also are better if you like a community feel plus it gets into ports and places the big ships can't go to, so more places to see that are also less crowded...🫶🚢🚢🚢 But thats what I like...To each their own...
We appreciate your well wishes!
@BeanieBabyTrader Like on All cruise ships...
So, how is your ownership (and liability) legally written? How much personal liability have you incurred if you can’t resell it down the road? It feels like you snagged some kind of sponsorship deal with this outfit.
Transparency vs smoke, please.
Hey. We have basically a right to use for 15 years or life of ship. We can sell at a gain or loss. We are definitely not sponsored. We are founders and bought in, but are in no way sponsored. Just sharing our experience. We’ve travelled for over three years after early retiring. No smoking zone:)
I could make your choice for 6 months per annum, but not with the monthly HOA costs that you had to for 15 years. $750,000 USD. Looks great though. When was the ship built? The buy-in is cheapest, the monthly is huge.
Hey again. Yes, the monthly is the ongoing and larger spend. If desired you could rent the cabin for offset of expenses or let friends/family use it when you’re not there.
I wish you both the best of luck. This “investment “ is not for me. I love cruising and have taken a world cruise so months at sea is not a problem for me. I do think that to see the world, you need to go beyond the coastline. I usually extend a cruise with land based touring and would miss that with this type of travel.
Hey! Thanks for the comment and coming along! We hear you. We are actually going to do that too. While we are “double paying” some we agree with your pov and want to get beyond the coast proximity. Glad you’re coming along!
I didn't see cooking as a potential issue. Don't know your interests but even I, who doesn't cook much, would miss the ability to make myself some french toast or potatoe pancakes.
Hey. Thanks for comment and coming along. We love to cook at home but are so far ok. We eat very differently so it’s been nice to have separate options we both can choose. Stay tuned!
We love cruising!
Thanks for coming along! Us too!
The monthly fee is unaffordable for a balcony room. And 300+k. Can’t figure out a roi. I wonder why!!!! Lol
@johnfkeating we know many who believe the roi is worth it, but it depends on what’s important to the person and how much disposable income is available as many feel the opportunity to explore the world is too good to pass up
@ omg. Don’t get me wrong!!! So glad you guys did it and have the income!!!! Many blessings to you both❤️❤️❤️. It just seems like if I break it down I can’t see it. Now obviously you have to factor in the cost of 30 days of cruising and all the great Benefits that is. Maybe one day!!!!
When will you start your journey?
Hey! We are onboard now. We embarked about 10 days ago. Stay tuned and thanks for the question!
While I love the idea, I don’t see how the business model will work long term. As I understand it, your monthly fees are fixed. So if there are unexpected expenses, I don’t understand how those are covered… plus ships have to go in dry dock periodically… who pays for that and where do passengers go? I read somewhere that to go to Antarctic the hull needs reinforcing… I assume that Odyssey is not certified for this.. if the ship had to be fixed.. when would this be done.. who pays? I wish you all the best but I can’t see how they will make money.
@joannekearney5329 good questions. It’s a complex financial model but while our fees are fixed, the short term segments prices for temporary renters go up. Also don’t forget the initial outlay of money that buyers made that are then reinvested. Also once the second ship is launched, the overhead will be slashed. That’s at least part of it.
How do you make a living? Or are you independently wealthy from family money.
@susanjackson8066 that’s a very forward question. But the answer is we put ourselves through school and worked very hard. Thanks for visiting our channel.
@ true, but I’m always curious how people can travel/cruise so much. We certainly haven’t been able to cruise frequently. Wish we could. Did not mean to be rude or intrusive.
I’m wondering where you are filming from? I thought you were currently on the ship, but this doesn’t look like a cabin.
Never mind. You answered later in the video.
We were home in DC. This was right before we left. Thanks for the comment.
They are cheap compared to the other for a reason! Safety!
Actually a major part of the delays and cost overruns were to certify the ship with authorities. Safety is not in the control of the owners. We are confident in our safety and wouldn’t be on board otherwise. There’s actually a safety drill happening as I write this!
But you're paying like $4K a month for "HOA" type costs. That's a lot of money plus you bought your cabin.
Hey. Yes, we do pay monthly for all the travel, services, food, etc. That is understandable and an ongoing payment for things we consume. It’s not inexpensive, but it’s a value for us compared to traveling other ways. Thanks for coming along!
Timeshare type scam. And you STILL bought after all those problems! Are you being paid to advertise this venture? Endless apologies for this Company!! Just say this is a big financial gamble and you took it eyes wide open.
Hey. We don’t think it’s a timeshare, a scam, or an advertisement. We are not paid, and we have traveled for years after early retirement. Yes, we actually agree it’s a financial gamble and don’t recommend to anyone who shouldn’t take such a risk. We do have our eyes open and recommend anybody else do the same!1
@BeanieBabyTrader if like to know this too
They did say they only put in what they can afford to loose. They are spending only their travel money. What’s your problem?
Confirmed. We are not active on affiliate program because we do t want the accusations and drama:). You can safely buy without worrying about us getting some onboard credit:).
Kerry, we have a ship, and we're sailing. Proof: We are living the lifestyle we bought. Now just sit and relax in your living room and look at us sailing away. ✌️
I think this company will go bankrupt within a year but if you knew this going in, and you should have. Enjoy the time you have!! Its like the timeshare scams of the 90's.
Hey, Susan. We disagree, obviously, but acknowledge the risk, as we’ve talked about before. We are having fun and able to take things as they come. We just added about 100 new residents, so it’s growing and we believe in the model and are ok being pioneers.
When investing such a significant amount of money, you have to look at the stability of the company and the competence of its management. In this case, it was a no from me on both counts. I am very positive about the concept, but it isn’t viable in this case when looking at the financial structure of this operation. I’d rather continue to wait for a company who can provide a more stable situation.
Hey. Thanks for the comment. For sure there are risks and many things that could have been done differently. We understand and accept the risks and at our age don’t want to wait for something else. We are rolling with it and we are understanding there will be bumps. We definitely kept our home and are enjoying the journey. Thanks again!
I'm
Well, My parents bought an apartment at The World back in 2004 and they have loved it since. They live today 80% of their time onboard and we as family visit them as much as we can. Like right now heading to Christmast Island from Pago Pago. The different between this concept and Villa Vie is actually Hugh.. I am not so sure after what I have heard and read that I would consider to buy a cabin onboard and you actually dont own it. You long term rent it for a period of time. I am not sure if I would stayed onboard Vila Vie without any chance to make myself a dinner in the apartment. Also how much do they let the passengers decide of the cruise route and the port to visit.
Its like a small city on the Sea. And as in all cities you have good part and bad parts. But as long as you are sure what do to and you are up for it then go for it. I would recommend to you to visit the ship first see if you like it and talk to fellow passengers. Also look into what it the extra you have to pay for? Even port taxes can give people a surprise. Look into all aspects of the cruise and read everything written with small texts. Make sure to make a contract that suits you not what they want. You never know .
About the ship it was a super ship and extremely well maintained when owned by Fred Olsen Cruises. A really beautiful Lady. The reason why they sold it because of the majority of the cabins are extremely small. At one point as Braemar people wouldn't dream to cruise on another ship. She had a loyal following. To live onboard this ship , would never work for my family or me. You cant say its an apartment at sea because thats the last this ship has. Its cabins and some suites. Good luck in anything you choose. Just do your research :-)
Hey! Thanks for the comment and coming along! For sure this is totally different than The World. We are aware it’s a modified older ship and understand the differences between it and The World. We are rolling with it. Eyes open and aware of the risk but having fun. We kept our home and aren’t worried about the risks, and are enjoying the ride. So cool that your parents got on The World! Bet they’ve had some great adventures.
@@dchiddengems Good Luck with your journey I do understand that you bought an Cabin. Enjoy your new lifestyle and all the best. Thank you for your answer.