Really looking forward to your room tour. You obviously have excellent taste in your home decor, and I’m sure that will translate over to your cabin. My guess is you will at least have a balcony, and a room with a table. I recall you saying that you once took a cruise some 40 plus days on Viking. It makes me wonder how you will adjust (putting the cost aside) to a ship that isn’t in the same class, so to speak, being that Viking is more lux and much newer. Even though Viking ships are larger than the VVO, they are obviously much smaller than the large cruise ships, and can get into smaller areas too. Are you going to miss such things as afternoon tea and other included amenities? You seem like you fit well into the saying, “Viking is the thinking person’s cruise”.
Hi @susan3831 thanks for your insightful questions. You seem to know us pretty well. Michael might have a harder time not having the luxurious standards of a ship the class of Viking, but Chris is pretty easy to adjusting and wanting to prioritize staying in budget. Honestly we got a bit tired of Viking tea time, etc, and certainly tired of paying the costs. While we would probably be happy to be on a Viking ship permanently it's just not feasible given that costs. That's one of the reasons we started sailing on Azamara more. It wasn't shiny and new like Viking and they were older ships but we were happy. VVR Odyssey may be an older lady, but it's the only ship that lets you settle into your own custom space to make it your own and then sail around the world. We think we can make our next and be happy, and as long as all the basic function then we will be content. You are just a couple of videos away to seeing what we chose!
Villa Vie needs to hire you as their spokespersons. You are both knowledgeable and well spoken on your subject matter and I really enjoy listening to you. Looking forward to following you on your new adventures.
I was one of the ones that got scared off by some of the early issues and delays. I’m definitely going to be getting on, probably as a renter to start.
New to your channel and happy to subscribe. Been following other Villa Vie vloggers and really enjoying learning about the lifestyle. Looking forward to seeing your cabin and hearing how the adventure goes for you! Wishing you all the best!
It's a great idea for those that love cruises. No doubt investors will create more residential cruise lines - someone just needs to prove the concept. Many might be scared off from plunking money on old ships. Hopefully Villa Vie is a success story but we won't know for another 3 or more years.
Hi @kdub1666 you are so right. It's a great concept so the second that VVR or other company definitively prove a success story then the industry will come on strong. That just takes time. We think a year might be enough but we'll see.
Thanks for sharing, hope you enjoy your new "Villa" and I'm looking forward to following you guys on this awesome adventure! Bon Voyage, wish I could join you! ❤🎉🚢🇨🇦
I look forward to following you on your adventures! As you’ve mentioned, you will get to go to smaller towns and not just the big cities. I love smaller, not-too-touristy places. Happy travels! ❤
Really enjoyed your information and it gives me encouragement that my husband and I will be making the right decision when we are able to join the Odyssey. Thank you 🙏
What do you see as your payback period compared with your present travel budget. I would imagine it's somewhere around three years but I'm just guessing. On that basis if you get say 6 years you're ahead. I think you have to look at the capital payment as an advance rent payment and then amortise it over the expected term. To this you need to apply a risk factor reflecting the ability of the provider to perform. Going forward I can see these products being more popular if there is a shared risk taker who guarantees your capital for say six years (on a reducing basis) and oversees the release of passenger capital to the operator on an agreed basis. Looking forward to hearing about your travels and how you plan your port days in advance. Controlling your port day expenses while maximising your enjoyment is always a challenge Great video... thanks for making it
Oh goodness, you are extremely clever. Impressive. Yes you are right in the ballpark, and your approach/formula is practically what we took. We’ve made a note of your video ideas. Planning port days in advance is an especially good idea. Thanks!
I would think the monthly fee would be difficult to remain unchanged on a yearly basis as all things increase. I'd feel more comfortable knowing there is a yearly cap on percentage increases. As in condo fees, I'd hate to be hit with a large assessment for example updating the restaurants, lounges, gym equipment, etc.
Hey. Thanks for the comment and coming along. Hear you. The model blends “owners” with fixed fees with other residents who purchase as they go and can be subject to increased fees. It’s a risk given it’s a new startup with bumps already but we are in with eyes open. Glad you’re here.
Thanks for this follow up video. Well organized with many good points and things to think about. You talk about this being "pioneering and "not been done before," but The World has been doing something similar since 2001. Having said that, do you see this a different concept?
Hi @Smokeyham great question. It depends on how you look at it. Yes VVR and "The World" have lots of similarities, probably more alike then not. But the key differences that most will talk about is that "The World" is a closed system. It's only for the super wealthy and you have to be referred by a current owner to be even considered for entry. Then you have to prove your net worth that you can afford to be one of it's residents. Also they don't allow for temporary renting so everyone can get the chance to sail on the ship for a short time like a month or two.
You mentioned that the monthly rates will stay the same for the 15 year contract. In today times that doesnt sound possable. Just look back 5 years and you will see almost everything has gone up. Its called inflation. That is just the way it goes. Hourly wages go up and so do all other costs. Actually it is impossible for your costs to stay the same. If the ship owners are having money problems there must be a way for them to increase your monthly fees. Other wise they go out of business. We live in a over 55 housing development. We own our home but pay monthly dues for the upkeep of the development. In those dues are also what is called Impounds. Everything in our development like gardeners, streets, club house, pool security is alloted a precentage of the monthly dues so there is enought funds to keep things up in the community when needed. For that reason our dues go up every couple of years to cover those cost. Same thing it going to happen on your cruise ship. I think you must really know that. I do enjoy yor videos......
Well no, we are contractually bound to pay the same, but please ask us again in a few years. But yes as cabins turn over and short termers leave, new contracts will be at a higher price. That, in addition to other mechanisms, is how the business model is feasible.
Hi @melodyn6419 no our monthlies can't increase because we purchased a cabin and it is fixed as part of our contract. However, keep in mind that if a new person tried to buy today, their fees will be more because we purchased earlier. It's a benefit to taking the risk earlier in a startup company but that is not appropriate for everyone.
Hi @judithrees6919 we totally get the importance of your question. We've lived in coops and understand the need to know that history going in. There are no special assessments that we know of and even during this initial delay with high expenditures, for example, that proved to be so. But if you are interested in buying then do talk to a VVR sales agent. Our experience was we could ask all the questions we want with no pressure. While we know our fees will remain stable we don't want to speak for them.
Hey. Thanks for the question. Pricing varies a great deal depending on what you choose. We don’t discuss specifics but the company website has all that info if you’re interested. Glad to have you coming along!
Do you receive any compensation or discount from Villa Vie? I like your channel and presentation style but important to me to understand if you are independent or in some way sponsored/supported by VV.
No answer probably tells us all we need to know. If you are not getting compensation then you would have no reason to hold back on a response. Nothing inherently wrong with receiving compensation but not disclosing this is in my opinion a clear reason to stop watching. Please clear this up for the good of your channel.
Sorry @norarivkis2513 but this is untrue. Feel free to go back and review. We are not paid for our opinions. We are just living our lives and decided to share it with you.
Hi @sandiegowildcat no we don’t receive anything from Villa Vie for our opinions. We just learned today that they never heard of our channel LOL. Oh well. We are just living our lives and decided to share with nice people like you and to document our travels as we get old.
Hi @reneewelch7993 . We had an upfront purchase price and then we have ongoing monthly costs for all the food, services, entertainment, etc. We purchased early so the prices back then were a bit lower than they are now. All the latest prices can be found at their website bit.ly/VVROdyssey You can choose to rent just a segment, but if you want to buy, then look at the map of the ship and choose a cabin. Each cabin has a different price depending on how big it is or it's location.
We sailed on this ship in 1998, pre-stretch, when it was the "Norwegian Dynasty". Some of the public spaces are the same: the Neptune Lounge (with its "trolley" console lights), the main dining room, and the elevator atrium with its pastel murals. And that's fine - we liked the feel of the ship and its decor. I think you are timing this right in terms of your own lives. We are approximately the age now that you will be in 15 years. I think by then you may not want to be far away from quality healthcare for months at a time. But now you are free to wander.
It is interesting to hear how the ship has evolved over the years. We hear you about the importance of healthcare. That’s one of the main reasons why we kept our land home and plan to return every 6 months for checkups and such even now. Wander we shall! Thanks!
How do you justify the devaluation of your “investment” when the ship is already over 30 years old? Do you think you can sell your cabin after a couple of years for a profit? How do you tolerate the VVR’s ability to change the contract at will? Isn’t that unpredictable? At any rate you two are in an economic class I can only imagine and justifying a cabin on any ship full time is realistically way beyond my pocketbook…
Hi. That is an older ship for the American market but there are certainly other ships in that age class. It depends if a cruise line wants to invest in the upkeep, and VVR can do that because the ship was acquired for so little money. Yes we believe we can sell our cabin, but at a profit is unlikely. Fortunately that is not why we are doing this; this is our discretionary spending for travel that we would most definitely lose. Recall us saying that we were spending quite a bit of money for our adventure travel. Yes ownership is not for everyone but paying just for the short term cruise segments could work for you.
Sorry guys, that contract isn't worth the paper it is written on. If people don't like you, they can cancel it. Unheard of. Things promised, not delivered. Renegging on an amount of reimbursement and calling it a maintenance charge before the ship sailed??? You know the rest.
Is Villa Vie now your primary residence or your 2nd home ? When , if , you decide rent your stateroom , I understand that the company takes 50% for themselves ? Is this true ? you still owe the monthly fees . I would hope the rental fee charged would be enough to cover that so you are not ending up paying for the food and drink . Laundry & maid service of your renters ...
Hi @YesItsMeGuys68 we primarily think about it as the 2nd home but we may reconsider that in the future. Owners have two options. (1) many owners rent out their cabins themselves. If they do that then VVR doesn't take a cut. But the owner is responsible for advertising and making their guests happy, and they can charge whatever they want as long as the guests are willing to pay it (2) owners can rent their villas THROUGH VVR so that VVR takes care of all the leg work and booking. Their is value in that so they certainly are entitled to a percentage of the rent. Have a great week.
@@dchiddengems thank you for responding to my questions. I greatly appreciate it as I am still considering the possibilities.. Right now, I own two homes in Mexico. One in Puerto Vallarta and the other in San Miguel de Allende.... A cabin may be in my future as well
@@YesItsMeGuys68 you are so fortunate. We love both PV and San Miguel very much. There are actually several LGBT couples here from PV and they are wonderful.
I would not assume the monthly will stay flat. Defies economic logic. 3 months in and they have already changed a few items. It would be helpful if you could explain how the 15 year contract works. What protections are built in if things dont go as expected? I really doubt there is going to be much of a secondary market for resale but you seem economically positioned to be able to walk away and lose the up front buy in as long as you dont get stuck paying the monthly fees.
We are contractually bound to pay the same, but please ask us again in a few years to prove it. But yes as cabins turn over and short termers leave, new contracts will be at a higher price. That, in addition to other mechanisms, is how the business model is feasible. For the contract, it’s built in that if you get tired of it then you can sell it back guaranteed to the company and rolling percentages you can see on the website. Or sell it privately at whatever price you negotiate. We think as the company proves itself demand will skyrocket. Yes this is a new company startup, and we know that is never without risk and can walk away.
@@dchiddengemsthanks. Just read this after I asked the question in my response. Fair enough and thank you for your thoughtful responses. As you say the future will determine how sable the fees and how they deliver on the promises and guarantees.
A small cabin on a cheaply semi-renovated old cruise ship with ongoing mechanical and maintenance problems (is there any water in the pool yet?) is not an “investment” like a proper apartment, house or even a real villa. It’s a money pit. And believing that the monthly fees will remain fixed for the next 15 years is naive and unrealistic.
You’re right…it’s not an apartment or house. But it is at least for us as intended; a small second home that lets us see the world. No actually, we are contractually bound to pay the same, but please ask us again in a few years. But yes as cabins turn over and short termers leave, new contracts will be at a higher price. That, in addition to other mechanisms, is how the business model is feasible.
The financial model for this is broken. It is impossible to Keep payments the same for 15 years. The ship needs more major repairs. You will get dumped somewhere when the funds run out. Are you going to speak to the problems?
@stevefrancis6236 we don’t think the financial model is impossible, but as we’ve said many times, this is a brand new startup company and that invariably involves risks and ramp up time. Our next video speaks more directly to the risks so see if that addresses some of your concerns.
@@dchiddengemsi cross my legs about 99% of the time when sitting. 42 years of marriage so hope my wife doesn't learn about the true meaning of leg crossing ;-)
Really looking forward to your room tour. You obviously have excellent taste in your home decor, and I’m sure that will translate over to your cabin. My guess is you will at least have a balcony, and a room with a table.
I recall you saying that you once took a cruise some 40 plus days on Viking. It makes me wonder how you will adjust (putting the cost aside) to a ship that isn’t in the same class, so to speak, being that Viking is more lux and much newer. Even though Viking ships are larger than the VVO, they are obviously much smaller than the large cruise ships, and can get into smaller areas too. Are you going to miss such things as afternoon tea and other included amenities? You seem like you fit well into the saying, “Viking is the thinking person’s cruise”.
Hi @susan3831 thanks for your insightful questions. You seem to know us pretty well. Michael might have a harder time not having the luxurious standards of a ship the class of Viking, but Chris is pretty easy to adjusting and wanting to prioritize staying in budget. Honestly we got a bit tired of Viking tea time, etc, and certainly tired of paying the costs. While we would probably be happy to be on a Viking ship permanently it's just not feasible given that costs. That's one of the reasons we started sailing on Azamara more. It wasn't shiny and new like Viking and they were older ships but we were happy. VVR Odyssey may be an older lady, but it's the only ship that lets you settle into your own custom space to make it your own and then sail around the world. We think we can make our next and be happy, and as long as all the basic function then we will be content. You are just a couple of videos away to seeing what we chose!
@@dchiddengems And thank you for your insightful response. If I were a resident, I can see that I would enjoy your company.
@@susan3831 thank you. We sense we would enjoy your company as well
Villa Vie needs to hire you as their spokespersons. You are both knowledgeable and well spoken on your subject matter and I really enjoy listening to you. Looking forward to following you on your new adventures.
@joycefoose2049 that is so nice of you to say. Thanks so much! Glad to have you with us.
I think your channel is my favorite of all the Villa Vie vloggers. I look forward to following your adventures.
Thanks so much! That is so sweet! We hope to keep it interesting.
I was one of the ones that got scared off by some of the early issues and delays. I’m definitely going to be getting on, probably as a renter to start.
We totally understand. Glad to hear you are giving it another look!
New to your channel and happy to subscribe. Been following other Villa Vie vloggers and really enjoying learning about the lifestyle. Looking forward to seeing your cabin and hearing how the adventure goes for you! Wishing you all the best!
Thanks so much and welcome aboard! We are excited to share our journey with you. We will see the cabin soon!
This type of expense is for throw away money only. I am happy that you are financially independent and successful. Cheers
Sometimes that is where the joy is found. Cheers!
It's a great idea for those that love cruises. No doubt investors will create more residential cruise lines - someone just needs to prove the concept. Many might be scared off from plunking money on old ships. Hopefully Villa Vie is a success story but we won't know for another 3 or more years.
Hi @kdub1666 you are so right. It's a great concept so the second that VVR or other company definitively prove a success story then the industry will come on strong. That just takes time. We think a year might be enough but we'll see.
I’m new to your channel & am so excited to watch your journey!
We're so glad you're here!
@ thank you!!
Thanks for sharing, hope you enjoy your new "Villa" and I'm looking forward to following you guys on this awesome adventure! Bon Voyage, wish I could join you! ❤🎉🚢🇨🇦
We appreciate you coming along for the ride! We hope you get to join us but in the meantime we are happy to share.
I look forward to following you on your adventures! As you’ve mentioned, you will get to go to smaller towns and not just the big cities. I love smaller, not-too-touristy places. Happy travels! ❤
We're so glad to have you along! We love those off the beaten path places too.
Love that gallery wall behind you in the video
Ah sweet ❤ @judyhale9024 thank you ❤
Really enjoyed your information and it gives me encouragement that my husband and I will be making the right decision when we are able to join the Odyssey. Thank you 🙏
So glad you found it helpful! Looking forward to welcoming you both to the Odyssey family!
What do you see as your payback period compared with your present travel budget. I would imagine it's somewhere around three years but I'm just guessing. On that basis if you get say 6 years you're ahead.
I think you have to look at the capital payment as an advance rent payment and then amortise it over the expected term.
To this you need to apply a risk factor reflecting the ability of the provider to perform.
Going forward I can see these products being more popular if there is a shared risk taker who guarantees your capital for say six years (on a reducing basis) and oversees the release of passenger capital to the operator on an agreed basis.
Looking forward to hearing about your travels and how you plan your port days in advance. Controlling your port day expenses while maximising your enjoyment is always a challenge
Great video... thanks for making it
Oh goodness, you are extremely clever. Impressive. Yes you are right in the ballpark, and your approach/formula is practically what we took. We’ve made a note of your video ideas. Planning port days in advance is an especially good idea. Thanks!
I would think the monthly fee would be difficult to remain unchanged on a yearly basis as all things increase. I'd feel more comfortable knowing there is a yearly cap on percentage increases. As in condo fees, I'd hate to be hit with a large assessment for example updating the restaurants, lounges, gym equipment, etc.
Hey. Thanks for the comment and coming along. Hear you. The model blends “owners” with fixed fees with other residents who purchase as they go and can be subject to increased fees. It’s a risk given it’s a new startup with bumps already but we are in with eyes open. Glad you’re here.
Excellent video. Looking forward to seeing your adventures on the Villa Vie!
Thanks so much! It's going to be a fun journey.
Can’t wait to follow you along on this journey!
Glad to have you! Should be interesting!
Thanks for this follow up video. Well organized with many good points and things to think about. You talk about this being "pioneering and "not been done before," but The World has been doing something similar since 2001. Having said that, do you see this a different concept?
Hi @Smokeyham great question. It depends on how you look at it. Yes VVR and "The World" have lots of similarities, probably more alike then not. But the key differences that most will talk about is that "The World" is a closed system. It's only for the super wealthy and you have to be referred by a current owner to be even considered for entry. Then you have to prove your net worth that you can afford to be one of it's residents. Also they don't allow for temporary renting so everyone can get the chance to sail on the ship for a short time like a month or two.
It sounds like you've really thought this out. I know that you are going to have a wonderful experience. Wish I could go with you. Bon Voyage!
Thank you so much! We really appreciate the well wishes, and we hope you enjoy following along.
It’s nice brothers travel together
Right! 😉
Where did you get those lamps that you have on either side of the sofa?
Hey! Thanks for coming along! We ordered them from Design Within Reach. We’ve had them a while and love them too!!
You mentioned that the monthly rates will stay the same for the 15 year contract. In today times that doesnt sound possable. Just look back 5 years and you will see almost everything has gone up. Its called inflation. That is just the way it goes. Hourly wages go up and so do all other costs. Actually it is impossible for your costs to stay the same. If the ship owners are having money problems there must be a way for them to increase your monthly fees. Other wise they go out of business.
We live in a over 55 housing development. We own our home but pay monthly dues for the upkeep of the development. In those dues are also what is called Impounds. Everything in our development like gardeners, streets, club house, pool security is alloted a precentage of the monthly dues so there is enought funds to keep things up in the community when needed. For that reason our dues go up every couple of years to cover those cost. Same thing it going to happen on your cruise ship. I think you must really know that. I do enjoy yor videos......
Well no, we are contractually bound to pay the same, but please ask us again in a few years. But yes as cabins turn over and short termers leave, new contracts will be at a higher price. That, in addition to other mechanisms, is how the business model is feasible.
Can cruise increase your monthly fee?
Hi @melodyn6419 no our monthlies can't increase because we purchased a cabin and it is fixed as part of our contract. However, keep in mind that if a new person tried to buy today, their fees will be more because we purchased earlier. It's a benefit to taking the risk earlier in a startup company but that is not appropriate for everyone.
@@dchiddengemscan they charge you special assessments? Living in an HOA in Florida, I have become painfully aware of special assessments.
Hi @judithrees6919 we totally get the importance of your question. We've lived in coops and understand the need to know that history going in. There are no special assessments that we know of and even during this initial delay with high expenditures, for example, that proved to be so. But if you are interested in buying then do talk to a VVR sales agent. Our experience was we could ask all the questions we want with no pressure. While we know our fees will remain stable we don't want to speak for them.
How much for a cabin?
Hey. Thanks for the question. Pricing varies a great deal depending on what you choose. We don’t discuss specifics but the company website has all that info if you’re interested. Glad to have you coming along!
Do you receive any compensation or discount from Villa Vie? I like your channel and presentation style but important to me to understand if you are independent or in some way sponsored/supported by VV.
I would love to know this too.
They have been asked this repeatedly before, and have consistently avoided answering.
No answer probably tells us all we need to know. If you are not getting compensation then you would have no reason to hold back on a response. Nothing inherently wrong with receiving compensation but not disclosing this is in my opinion a clear reason to stop watching. Please clear this up for the good of your channel.
Sorry @norarivkis2513 but this is untrue. Feel free to go back and review. We are not paid for our opinions. We are just living our lives and decided to share it with you.
Hi @sandiegowildcat no we don’t receive anything from Villa Vie for our opinions. We just learned today that they never heard of our channel LOL. Oh well. We are just living our lives and decided to share with nice people like you and to document our travels as we get old.
New here so you may have already answered this question. What are the actual costs, the amounts you’re paying?
Hi @reneewelch7993 . We had an upfront purchase price and then we have ongoing monthly costs for all the food, services, entertainment, etc. We purchased early so the prices back then were a bit lower than they are now. All the latest prices can be found at their website bit.ly/VVROdyssey You can choose to rent just a segment, but if you want to buy, then look at the map of the ship and choose a cabin. Each cabin has a different price depending on how big it is or it's location.
We sailed on this ship in 1998, pre-stretch, when it was the "Norwegian Dynasty". Some of the public spaces are the same: the Neptune Lounge (with its "trolley" console lights), the main dining room, and the elevator atrium with its pastel murals. And that's fine - we liked the feel of the ship and its decor.
I think you are timing this right in terms of your own lives. We are approximately the age now that you will be in 15 years. I think by then you may not want to be far away from quality healthcare for months at a time. But now you are free to wander.
It is interesting to hear how the ship has evolved over the years. We hear you about the importance of healthcare. That’s one of the main reasons why we kept our land home and plan to return every 6 months for checkups and such even now. Wander we shall! Thanks!
How do you justify the devaluation of your “investment” when the ship is already over 30 years old? Do you think you can sell your cabin after a couple of years for a profit? How do you tolerate the VVR’s ability to change the contract at will? Isn’t that unpredictable? At any rate you two are in an economic class I can only imagine and justifying a cabin on any ship full time is realistically way beyond my pocketbook…
Hi. That is an older ship for the American market but there are certainly other ships in that age class. It depends if a cruise line wants to invest in the upkeep, and VVR can do that because the ship was acquired for so little money. Yes we believe we can sell our cabin, but at a profit is unlikely. Fortunately that is not why we are doing this; this is our discretionary spending for travel that we would most definitely lose. Recall us saying that we were spending quite a bit of money for our adventure travel. Yes ownership is not for everyone but paying just for the short term cruise segments could work for you.
@@julienstanding2367yep, agree
Sorry guys, that contract isn't worth the paper it is written on. If people don't like you, they can cancel it. Unheard of. Things promised, not delivered. Renegging on an amount of reimbursement and calling it a maintenance charge before the ship sailed??? You know the rest.
We don’t agree, but that’s okay.
Is Villa Vie now your primary residence or your 2nd home ? When , if , you decide rent your stateroom , I understand that the company takes 50% for themselves ? Is this true ? you still owe the monthly fees . I would hope the rental fee charged would be enough to cover that so you are not ending up paying for the food and drink . Laundry & maid service of your renters ...
Hi @YesItsMeGuys68 we primarily think about it as the 2nd home but we may reconsider that in the future. Owners have two options. (1) many owners rent out their cabins themselves. If they do that then VVR doesn't take a cut. But the owner is responsible for advertising and making their guests happy, and they can charge whatever they want as long as the guests are willing to pay it (2) owners can rent their villas THROUGH VVR so that VVR takes care of all the leg work and booking. Their is value in that so they certainly are entitled to a percentage of the rent. Have a great week.
@@dchiddengems thank you for responding to my questions. I greatly appreciate it as I am still considering the possibilities.. Right now, I own two homes in Mexico. One in Puerto Vallarta and the other in San Miguel de Allende.... A cabin may be in my future as well
@@YesItsMeGuys68 you are so fortunate. We love both PV and San Miguel very much. There are actually several LGBT couples here from PV and they are wonderful.
@@dchiddengems We're a good bunch indeed .. Thanks for saying so !
I would not assume the monthly will stay flat. Defies economic logic. 3 months in and they have already changed a few items. It would be helpful if you could explain how the 15 year contract works. What protections are built in if things dont go as expected? I really doubt there is going to be much of a secondary market for resale but you seem economically positioned to be able to walk away and lose the up front buy in as long as you dont get stuck paying the monthly fees.
We are contractually bound to pay the same, but please ask us again in a few years to prove it. But yes as cabins turn over and short termers leave, new contracts will be at a higher price. That, in addition to other mechanisms, is how the business model is feasible. For the contract, it’s built in that if you get tired of it then you can sell it back guaranteed to the company and rolling percentages you can see on the website. Or sell it privately at whatever price you negotiate. We think as the company proves itself demand will skyrocket. Yes this is a new company startup, and we know that is never without risk and can walk away.
@@dchiddengemsthanks. Just read this after I asked the question in my response. Fair enough and thank you for your thoughtful responses. As you say the future will determine how sable the fees and how they deliver on the promises and guarantees.
A small cabin on a cheaply semi-renovated old cruise ship with ongoing mechanical and maintenance problems (is there any water in the pool yet?) is not an “investment” like a proper apartment, house or even a real villa. It’s a money pit. And believing that the monthly fees will remain fixed for the next 15 years is naive and unrealistic.
You’re right…it’s not an apartment or house. But it is at least for us as intended; a small second home that lets us see the world. No actually, we are contractually bound to pay the same, but please ask us again in a few years. But yes as cabins turn over and short termers leave, new contracts will be at a higher price. That, in addition to other mechanisms, is how the business model is feasible.
The financial model for this is broken. It is impossible to
Keep payments the same for 15 years. The ship needs more major repairs. You will get dumped somewhere when the funds run out. Are you going to speak to the problems?
Btw, stopping in a port even for a couple days, isn’t “seeing the country or the world”.
@stevefrancis6236 we don’t think the financial model is impossible, but as we’ve said many times, this is a brand new startup company and that invariably involves risks and ramp up time. Our next video speaks more directly to the risks so see if that addresses some of your concerns.
Legs crossed against each shows you are not in alignment
Fascinating! One of us is a clinical psychologist and don’t remember learning that. Thanks for the observation. All the best.
@@dchiddengemsi cross my legs about 99% of the time when sitting. 42 years of marriage so hope my wife doesn't learn about the true meaning of leg crossing ;-)