The Cruise Ship That People Live On

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The Cruise Ship That People Live On

The Cruise Ship That People Live On

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at Cruise ships are the perfect vacation option
for those who want to travel the world but also be sure that they’re never too far
from the core necessities to life—a mall, casino, and all-you-can-eat buffet. Cruise ships come in all shapes and sizes—big,
small, expensive, inexpensive, floating, no-longer floating—but one of the most unique types
is residential. Now, this isn’t just fancy branding for
a cruise ship that doesn’t move—also known as a hotel—these are cruise-ships that people
live on. In that classification, there’s really only
one—MS The World. The World started sailing the world in 2003
with a very simple concept. Instead of its passengers just paying to stay
a week or two onboard, they would instead buy one of its 165 apartments and therefore
be able to come and go as much as they please. Now, I know you probably think this sounds
a lot like Snowpiercer—the post-apocalyptic film where the world’s surviving wealthy
ride perpetually around in a luxurious train while the lower class lives in the back and
works the train—but no, this isn’t like Snowpiercer. It is Snowpiercer: Maritime Edition. Now, in terms of prices, these apartments
are, as we say in the biz, spicy. There’s currently a 3 bedroom, 3,000 square
foot or 280 square meter unit listed for $10,500,000. That breaks down to a price per square foot
higher than even Hong Kong’s average—the most expensive real estate market in the world. Of course, that’s not the only cost. Since this apartment building moves, they
need to pay for fuel, staff, docking fees, maintenance, and all that other fun stuff
so each year, each owner has to pay reportedly between $60,000 and $300,000, depending on
the size of their apartment. This ship also, of course, has a sort of home
owners association to decide on how its run and they also deal with the all-important
question of where the ship should go. If you think your HOA is bad, just be glad
that it doesn’t get to decide where your apartment building travels. Once a year, everyone votes on the destinations
for the year after next—enough time so the ship can arrange the visits. They look to roughly circumnavigate the globe
once a year, but beyond that, the World has a world of opportunities. For example, in 2019, they started in South
Africa, sailed to Madagascar, Reunion, Mauritius, the Seychelles, Sri Lanka, India, through
the Suez Canal, through the Mediterranean, up to the UK and Ireland, the Faroe Islands,
Iceland, Greenland, through the Northwest Passage, through the Bering Strait, down to
Japan, and to South Korea, where the ship currently is in October, 2019. For the rest of the year, it will sail through
a number of East and Southeast Asian countries before ending up in Hong Kong for New Year’s. I hear their fireworks are absolutely spectacular
and bring tears to your eyes—or maybe that’s the tear gas. Now, the World, as a residential ship, operates
a little differently than a normal cruise ship. Since many of its residents spend many months
a year on the ship, they tend to stay in each port for three or four days, rather than the
typical one, so that they have a chance to more thoroughly explore each destination. The ship is also designed a little differently
than a normal cruise ship since people are actually living onboard. For example, each apartment has a kitchen,
which is more complex than you would initially think. Apparently ships don’t work well on fire
and, since wealthy people suck at cooking, each apartment’s kitchen is built in what
is essentially a steel box with an automatic fire door. Of course, having a kitchen means there’s
also a grocery store onboard where residents can buy ingredients. Since residents of the world are literally
required to have a net worth of $10 million or more, though, they probably aren’t really
the hamburger helper type and that’s why there are also six restaurants on board. Now, one factor that has likely helped lead
to the World’s success, now being sold out completely, is that it helps rich people get
away from their least favorite thing—taxes. Most countries in the world, notably excluding
the extra special United States, don’t tax their citizens income if they’re abroad
for more than six months a year. Now, this makes sense so that citizens living
abroad don’t get taxed twice but, what if you weren’t technically living abroad or
in your home country. On a ship, going from country to country,
you’re not in any country long enough to quality as having lived there for tax purposes. Unsurprisingly, that means that the average
resident of The World spends six months a year onboard. The type of people buying into this ship are
clearly the type of people who have multiple residences so they get to sort of pick and
choose when and where along the yearly itinerary they want to join and leave. Of course, we don’t actually know who those
wealthy residents are. The ship keeps the names of its residents
strictly confidential. All we know is that about 70 are North American,
45 European, 20 South African, and then there’s a spattering of others. Also, the average age is 64 years old which
tells you that, unsurprisingly, this is mainly a wealthy floating retirement home. This whole business model of residential cruise
ships has now been proven so there’s a new ship, the Utopia, under construction. This is going to be twice the size of The
World and even more expensive. Its largest residence will be 6,600 square
feet or 610 square meters are reportedly costs $36 million. That ship is expected to launch in 2022 which
means you still have about three years to make $36 million. Now, a great way to make a ton of money in
a short time is to launch the next great online business. Think Amazon, Netflix, Uber—just make one
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100 thoughts on The Cruise Ship That People Live On

  1. Got an idea for a topic that's a little bit interesting? Submit it to our suggestion bin and then, if we use it, you'll get a free HAI t-shirt:

  2. I wish pirates would get these people for ransom and make Somalia one of the richest countries. These people probably live off old money they've been sitting on since the scramble for Africa anyways.

  3. The World actually comes to my (very small) town every year. And I have sailed around it when it was anchored so I can say I have sailed around the world. How cool


  5. The video is incorrect in regard to income tax savings, living abroad 6 months a year does not save you a cent in taxes.  

    US citizens living abroad must file a US federal tax return and pay US taxes no matter where you live. In other words, you are subject to the same rules regarding income taxation as people living stateside. This applies to the citizens of most countries.

    The Foreign Earned Income Exclusion (FEIE). This test is a very common tax strategy for expats with earnings below 2 million a year. If you reside outside of the United States at least 330 days out of 365, you can exempt $101,300 of income from your annual taxes. The exemption specifically refers to time spent IN a foreign country or countries. It’s not just about “being out of the United States 330 days”, it’s about “being in a foreign country or countries.” International waters and air spaces do not count as other countries. And if you earn 10 million a year and pay 4 million in taxes this $101,300 tax deduction means nothing.

    You can only avoid those taxes by renouncing your citizenship.If you renounce you will have to pay an exit tax on all unrealized capital gains, from your business to real estate to Bitcoins.

  6. To be a resident: Net worth >$10M, cabins sells for about $10M, annual fees of $60K-$300K for running the ship depending on size of cabin, and everyone votes a couple years in advance where it will go. That's a pretty narrow market. I think you can buy a yacht and staff it for less.

  7. Well well well, who would have thought that one up; fire contained kitchens I mean for their beans on toast; hilarious!

  8. Or just completely forego retarded ass paid sponsorships for self learning programs that are fucking garbage, and instead utilize who ACTUALLY teach HTML, CSS, Java, you name it. From A – Z, beginner and expert courses. All for 100% free. Because fuck assholes and their profit margins.

  9. I thought this video was gonna be about people who live on regular cruise ships instead of going to retirement homes

  10. So true
    Teargas is now the selling point of Hong Kong
    Literally nowhere is better to experience teargas while maintaining the modern normal life that Hong Kong
    Hong Kong is such a great place

  11. I know you probably think this sounds a lot like Snowpiercer.

    No, I think it sounds a lot like Breaker High. A Canadian TV series where high school students went to high school on a cruise ship that went around the world. It starred young Ryan Gosling.

  12. I’m Ghetto west Philly poor but damn! Dude really hates the rich! I would throw another human overboard to get a job cleaning toilets to live there! Come down to this s*#t hole city and work in the junkyards out in the elements and have no other prospects cause your mother pulled you out of school when you were 14 so you could get a full time job
    (Cash under the table) so the family could eat! But i still Love the fact that “The wise man knows that he knows nothing” Who knows what the next turn of events have in store? Hope is sometime the only thing that sustains us!

  13. Sooo I worked at a port one summer, and this thing came a couple times. People on board was very very very very rich, and judge Jody was on hoard 😂

  14. Cruise ships are a devastating for the environment, plus these people are avoiding taxes. Rich people are ruining this planet

  15. Welcome to this
    Comment! Read
    This And
    This Is a
    Nice Trap
    To make you th
    ink something..

    Did you see the square in the middle? Well it is not even there!

  16. So, if the average age is 65, do you think the boat employs young male "masseuses" for loneliness reasons? As well as female counterparts

  17. I'm an adult film actor and doing my best to earn that ten million dollars. It will only take about 94 more years.

  18. it's actually much cheaper than a flat of the same size in Hong Kong, room with a sea view in HK naturally worth 30-40% more. And you save so much money for a club membership which cost million dollars.

  19. As a HongKonger, I wanna cry when I heard your tear gas joke……
    #freeHongKong #fightforfreedom #standwithHongKong

  20. Um, I’m now looking for someone who would get great pleasure by financing an apartment for me. It can be an anonymous someone. Actually, that’s a requirement.

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