[HN Gopher] Ultra-wealthy people are working remotely from their...
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Ultra-wealthy people are working remotely from their superyachts
Author : harambae
Score : 47 points
Date : 2023-09-18 15:33 UTC (7 hours ago)
(HTM) web link (www.insider.com)
(TXT) w3m dump (www.insider.com)
| sharadov wrote:
| Wonder what they are paying for their internet?
| rawgabbit wrote:
| Starlink mobile priority for 5TB is $5000 per month not
| including equipment. https://starlink-enterprise-
| guide.readme.io/docs/compare-ser...
| inemesitaffia wrote:
| Starlink and directional 4/5G can make it cheap.
|
| Article is a submarine
| 6510 wrote:
| Imagine how productive they would be if they came to the office.
| znpy wrote:
| <<Ultra-wealthy people are working remotely from their
| superyachts and running their businesses from the high seas>>
|
| I mean... Wouldn't you do the same? I would.
| nerdo wrote:
| They should remake Waterworld, set 100 years into the future.
| Central banks have printed enough money to buy up all the houses
| and leave them empty and decrepit. Civilization is reduced to
| living in Walmart parking lots while the rich have settled on
| floating ultrayachts in the middle of the ocean. A man develops
| gills and can swim between the yachts, which he plunders designer
| products from to deck out his swagboat. He discovers a mysterious
| key in an LV bag which can unlock the county assessor's office
| and return everyone to dry land, and everyone is after it.
| mixmastamyk wrote:
| Let's call it, "Walley World."
| SnooSux wrote:
| I heard from a friend that executives in the Auto Industry were
| taking Zoom meetings from their boats early on in the pandemic.
| The bad PR from this pushed people back to the office.
| smileysteve wrote:
| In February and March in the SouthEast, I'll occasionally tune
| into listen only all calls, on the dock or the pontoon boat
| (this seat and table works well as a short term desk for some
| fresh air)
| MaintenanceMode wrote:
| Neither boat pictured in the article is a superyacht.
| m463 wrote:
| > _" Our expenses are roughly $3,500/month, including our
| $1,350 boat payment," the couple told Here. "We took out a
| loan, similar to a mini-mortgage, to buy our sailboat. It's the
| first piece of 'property' like this we've ever owned."_
|
| Seems more like alternative living and could just as easily
| apply to an apartment-sized RV (think diesel pusher) or a
| lake/ski/mountain cabin.
| mertd wrote:
| I never had the impression that people with eight or nine figure
| paychecks shlepped to the office regularly even before the
| pandemic.
| falcor84 wrote:
| I think some of these superyacht owners might actually be in
| the $1 paycheck club.
| hindsightbias wrote:
| I wonder if warehouse workers would really distinguish much
| between a yacht deck, a $200K tech sprinter in a forest or even
| 345 Spear St. Must be nice to see all those pretty shades of
| gray.
| moate wrote:
| So is the implication that the poor (in wealth) souls should do
| better to educate themselves on the types of aquatic luxuries,
| or that it's better to be so poor you don't have to worry about
| the different types of aquatic luxuries?
|
| Rephrase: What are you on about man?
| hindsightbias wrote:
| It's curious to me why such articles about the 1% of the US
| are standard fare on a website blessed with the top 1-2% of
| the World.
|
| I guess it's just different and warehouse folks should
| appreciate that.
| Spivak wrote:
| Because your average low six figure software dev has more
| in common with the warehouse workers then the actually
| rich. Accounting for inflation all these "rich" tech bros
| have made it to what would be called "middle class" in the
| 80s and 90s. And unless you're DINKing around at $250k base
| salary in a low CoL area you haven't even made it to uppper
| middle class of that era.
|
| High inflation and the disproportionate increases in
| housing costs even relative to the high inflation have made
| people so much poorer but it happened so fast the number
| adjustment hasn't caught up to where people don't realize
| that $80k which was a modest salary in 1990 you need $180k
| today to get that purchasing power.
|
| The sentiment "woah, you make six figures!" was affected by
| inflation too and you need a quarter million to have that
| today.
| aidenn0 wrote:
| $80k was _not_ a modest salary in 1990; that was 2.7x the
| median household income. My dad made less than that in
| 1990 we lived comfortably in a 4BR house in the suburbs
| of DC.
|
| [edit]
|
| I should point out that my parents purchased a house for
| $100k in 1985 that, by inflation, should be worth $285k
| today. Instead, my friend's house (same neighborhood,
| 4BR, within 30 square-feet of the size of my house) just
| sold for over $800k. Ignoring affordability of the
| mortgage (which is complicated due to interest rate
| changes), my parents could not have swung the down
| payment a house that cost similar after inflation ($160k
| in 2023 dollars, ~$55k in 1985 dollars).
| hindsightbias wrote:
| That would be interesting if these types postings only
| started appearing during the inflation era. But this has
| been front page fare for much longer.
|
| I walked by three stealth sprinters today getting coffee.
| Would people here get angry if I started calling them
| Land Yachts? I'd knock and ask for their YT channel, but
| they probably only do tiktok.
| tstrimple wrote:
| > Would people here get angry if I started calling them
| Land Yachts?
|
| Probably. Because it's absurd to compare a multi-million
| dollar yacht with helicopter landing pads (yes plural), a
| 40' swimming pool and 10k sq ft of living space with
| someone who crams themselves into a tiny uncomfortable
| box trying to get some semblance of freedom. One of these
| things is attainable by most folks with a steady income
| and one of these isn't even attainable by the poor single
| digit millionaires.
| Spivak wrote:
| I love that living in a van down by the river is
| apparently considered wealthy now. I never realized that
| Cousin Eddie was such a high roller.
| tstrimple wrote:
| It's certainly an activity you can dump tons of money
| into. Just not yacht or super yacht levels of money. Van
| living ranges from this (https://cdn-
| fastly.thetruthaboutcars.com/media/2022/06/29/84...) to
| this (https://cdn-
| bnfef.nitrocdn.com/eWjkeuhuSZgzzpVvWRuUwjfEcKLuv...) and
| everything in between.
| natechols wrote:
| Because raging against the spending habits of billionaires
| is always easier than self-examination and consideration of
| one's own wealth and privilege.
| MrGuts wrote:
| Are you talking about working aboard superyachts, or working
| about the backup "emotional support yachts" needed to carry extra
| jet skis, clothing, staff, and personal hospitals?
| boeingUH60 wrote:
| What rubbish clickbait. Anyone who can afford a super yacht was
| never constrained by return-to-office mandates. They are the boss
| dictating their own fates.
| mixmastamyk wrote:
| Looks cool, for shorter stints. Also heard of "poorer" folks
| using a cruise to help focus on a hard project.
|
| However I always wondered what these ships do when a big storm
| blows thru? Or is possible to (almost) always avoid them?
| croes wrote:
| So they are all lazy and don't really work?
|
| Because that's what's being said about the not super rich in home
| office
| tromp wrote:
| The picture shows just about the most unproductive working
| position imaginable, raising the neck to stare at a laptop washed
| out in the bright sun while having to type with arms that also
| need to support the body.
| benterix wrote:
| Also lying on a net, I wonder what this person's elbows look
| like after a few minutes.
| TurkishPoptart wrote:
| I'd like to know the food logistics for sailing around the world.
| Would they have a crew that procures bulk ingredients like fruit,
| rice, and such and make them meals 3x a day?
| cardiffspaceman wrote:
| There's a "crew chef" channel on YouTube.
| bjornasm wrote:
| Yes. Then you re-stock when you go to harbour.
| rwmj wrote:
| Superyachts have a crew far outnumbering the passengers, and
| they will stop at ports and send people out to buy ingredients
| regularly. Not that different from running a large country
| house in the gilded age.
| pdpi wrote:
| That's the reality even with smaller yachts. Some family
| friends have a 70' yacht and even at that size they have two
| full-time crew members.
| otabdeveloper4 wrote:
| > Ultra-wealthy people are working
|
| Oh come on now!
| cvccvroomvroom wrote:
| I don't see this freedom as a problem.
|
| The greater problem is the accelerating CEO pay compared to
| worker pay. Auto workers were recently offered 21% while CEOs saw
| gains of 40%. Widening inequality and lack of integrated delivery
| social programs creates a myriad of socioeconomic problems
| including the homelessness crisis, latchkey kids with absent dual
| income parents, and reduced purchasing power.
| theodric wrote:
| Sending "we're better together" RTO mails from their yachts, too,
| I'm sure.
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(page generated 2023-09-18 23:02 UTC)