The Cruise Ship That People Live On

This video was made possible by Skillshare. Learn for free for two months by signing up
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
of those, easy. To do that, though, you need to have a grasp
of web development but the good news is that I know exactly how you should make your first
business investment—you should sign up for a Skillshare subscription. That’s because their HTML and CSS basics
course will teach you the core of what you need to know to customize your website. Even if you’re using a website builder,
HTML and CSS skills are great to be able to do more advanced things. Of course, that’s just one of thousands
of courses on Skillshare so if you want to learn anything, Skillshare probably has a
course on it. Those are all available online on their website,
or on their iOS and Android apps where you can even download them offline. Their annual price works out to less than
$10 a month but, by signing up, they’ll give you a whole two months of unlimited
access for free.

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. Do all the residents need to get visas for all of these countries? Or is there a special procedure for cruise ship temporary visits

  3. Disappointed at the lack fo metric in this 🙁 1:19. I heard you say it but I'd rather read it, none of this American imperial bs

  4. When I was a teen, my family traveled extensively on MS Queen Elizabeth II. There was a couple that I seemed to remember that actually lived on her. They always had the Queen Elizabeth suite on Sun deck. Lovely people.

  5. Roughly 80 percent of millionaires in America are the first generation of their family to be rich. They didn't inherit their wealth; they earned it. How? According to a recent survey of the top 1 percent of American earners, slightly less than 14 percent were involved in banking or finance.

    Roughly a third were entrepreneurs or managers of nonfinancial businesses. Nearly 16 percent were doctors or other medical professionals.

    Lawyers made up slightly more than 8 percent, and engineers, scientists and computer professionals another 6.6 percent.

    Sports and entertainment figures — the folks flying in on their private jets to express solidarity with Occupy Wall Street — composed almost 2 percent.

    By and large, the wealthy have worked hard for their money. NYU sociologist Dalton Conley says that "higher-income folks work more hours than lower-wage earners do."

  6. "This isn't just a classification for a cruise ship that doesn't move. In other words, a hotel" – one of your best jokes. Made me genuinely laugh out loud.

  7. I heard of an idea where people build a floating city called freedom ship

    This is kind of that idea but the boat isn’t one mile long

    Personally I love the idea

  8. Well, if i'm not wrong a ship is considered part of the territory of the flag they are wearing so they should pay taxes there

  9. Surprised when he mentioned 70 North American, 45 European and 20 are South Africa with the rest being a spattering of other nationalities.. Usually South Africa will be part of the “other”, guess being the most corrupt government in the world pays off.. Viva ANC… 🙃

  10. If the average age is 64 then I’m guessing the population of the ship is aging. What would happen if most of the owners soon died then? Would the apartments go for sale again or something?

    The ship was built in Rissa, Norway and made Fosen Mechanical Works almost go bankrupt. My father made the reception desk and got paid, unlike other suppliers (he is quite proud as he was in a firm with only 1 other carpenter) I also saw the ship several times, both while under construction and when leaving. Many people were present when she left. A proud ship from a proud community😊

  12. I am from Hong Kong and was about to take rest from news from hong kong – and then i watch till 2:28

    but thanks for mentioning, people should know police brutality in hong kong

  13. I’d love to know what kind of security they have.

    I’d imagine that if they entered any waters where pirates were operating, they’d be a pretty tasty target.

  14. I don't know where you got the info about US citizens not paying income tax if they live abroad more than 6 months per year… I've lived outside the US for 2 years and have to pay US taxes on my foreign income, as do all the other American citizens I know abroad.

Leave a Reply

Your email address will not be published. Required fields are marked *