[NA] Mostly, For HENNING

She's small by today's mega yacht standards. IIRC, there are 20 yachts in various stages of construction right now larger than her. That's what "trickle down economics" gets.
 
Henning said:
She's small by today's mega yacht standards. IIRC, there are 20 yachts in various stages of construction right now larger than her. That's what "trickle down economics" gets.
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And that's a good thing. Mega rich people really need to spend their money. It employs loads of people and keeps things moving. People like Warren Buffet that hoards money and just leverages it to make more money baffle me. Build mansions, build yachts, buy jets, buy loads of cars, it's good to keep the money circulating.

If there are any rich people out there reading this that have trouble with ideas on how to spend their money, please PM me.:D
 
Here's the bit from the article I don't understand-

Last year, the Rising Sun was charged $2.10 per linear foot for each day it was berthed in Portland. Clegg said she expects the Rising Sun to be charged about $2,000 per day for berthing and amenities fees while it's in Portland.
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Why the huge increase??:confused:
 
Dav8or said:
And that's a good thing. Mega rich people really need to spend their money. It employs loads of people and keeps things moving. People like Warren Buffet that hoards money and just leverages it to make more money baffle me. Build mansions, build yachts, buy jets, buy loads of cars, it's good to keep the money circulating.

If there are any rich people out there reading this that have trouble with ideas on how to spend their money, please PM me.:D
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But not in this country, the bulk of that money is spent overseas.
 
Our country has a very shortsighted policy of taxing, at an enormous rate, corporate earnings that are brought back to the USA.
 
I'll gladly help to stimulate the economy if someone wants to make me mega-rich.

Sent from my Galaxy Nexus using Tapatalk 4
 
Henning said:
But not in this country, the bulk of that money is spent overseas.
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Sadly, this is true. Why in the world European countries with high unionized labor can successfully compete in the luxury business, like yachts, cars, watches, clothes, planes, etc, but we cannot is beyond me. It's this high end market where labor costs aren't as critical and it's a place US manufacturers should be going.

I wish somebody like Larry Ellison would take his cash and start up a US based mega yacht company here. We have the designers to make the slickest yachts the world has ever seen and we have the tech to make them the most advanced. We also have rotting ship yards all around the perimeter of the country that could be had for pennies, with people ready to work.
 
FLA used to manufacture large yachts,now they mostly to upgrades and repairs.AS they say about yachts and jets a lot of the manufactoring has moved offshore.Such a pity
 
frfly172 said:
FLA used to manufacture large yachts,now they mostly to upgrades and repairs.AS they say about yachts and jets a lot of the manufactoring has moved offshore.Such a pity
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Trinity (née Halter Marine) manufactures luxury yachts in NOLA as does Delta in Seattle. Trinity also makes work boats and military boats, and Delta started in commercial fishing boats. Edison Choest in Galliano/Golden Medows LA was trying to get their foot in the door at their yard, but I haven't heard anything out of them for years. Mostly they were trying to sell refits of their workboat fleet, but they have one of the most advanced new build yards in the country. Direktors still builds in Montauk NY, but I don't think they've built a yacht since the old man died, just work boats.

One of the problems in the US is that we do not teach the fit and finish skills or ethics that are the trademarks of top end yachts and often have to import the talent.

The real point of the matter is it's about "Name recognition snobbery", even where the names no longer really deserve the reputations they once earned, Feadship being a great example. They haven't built anything really good or pretty since the 1970s.
 
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Henning said:
<SNIP> Direktors still builds in Montauk NY, but I don't think they've built a yacht since the old man died, just work boats.
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Do you mean Derecktor?

If so, they aren't in Montauk. They are in Mamaroneck, NY. The other end of Long Island, but on the mainland, that little chunk of New York that sticks into Connecticut. They also have a Florida location.
 
Cap'n Jack said:
Do you mean Derecktor?

If so, they aren't in Montauk. They are in Mamaroneck, NY. The other end of Long Island, but on the mainland, that little chunk of New York that sticks into Connecticut. They also have a Florida location.
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That's it, I knew it was an M. Yeah, I met the old man and sailed with him a few times on the 72'er he built for himself, way crazy boat. He was a cool old guy, loved boats, loved projects. I've done a few refit projects at the yard here on the Dania Cutoff Canal. They don't do any building down here though, just refit and repair.
 
Didn't the luxury tax kill off our domestic yacht industry?
 
KSMooniac said:
Didn't the luxury tax kill off our domestic yacht industry?
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That's been gone forever, long before the last economic collapse. That never had anything to do with export sales anyway, and most US owners are flagging large yachts foreign, although that is starting to change now that Florida capped the yacht sales tax at $18,000.
 
Ah, good point about the export sales potential where it wouldn't apply. I just remember reading about the lux tax years ago and how it ended up hurting the poor and middle class by eliminating jobs from the luxury industries when sales declined.

I also remember hearing about J. Kerry registering his yacht in a different state to avoid MA taxes too. :D
 
Dav8or said:
Here's the bit from the article I don't understand-

Why the huge increase??:confused:
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Gut feeling, living 45 miles from the popular city which is undergoing major changes along its ancient waterfront, the revenue shall be used to buffer the increased costs of future utility expansions for the numerous new hotels, housing, business complexes which have been approved or are in review status by the city planners and the involved developers.
The first picture is Commercial Street, very close to the waterfront. That whole street used to be waterfront itself. Those buildings are as much as 150 years old. The whole area is known as Old Port District.

HR
 

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