THE COST OF MOVING INTO A CRUISE SHIP (Is it Worth it?)

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JJ Cruise

JJ Cruise

Күн бұрын

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@JJCruise
@JJCruise 9 ай бұрын
We know many have questions regarding Medical, there are Medical Services onboard the ship, including a Pharmacy and Dental! More information about Medical can be found here: villavieresidences.com/medical-center 🏥
@georgettenorth2776
@georgettenorth2776 8 ай бұрын
Their web site says nothing specific. They never mention cost either. Just rhetoric.
@hopegold883
@hopegold883 8 ай бұрын
Idk. I have heard a couple cruise companies say they aren’t set up for the level of medical care you can get at the villages. It’s more for emergencies. And they don’t want to encourage people using the ships for retirement. So after those 15 years on board, you’d still have to buy in at the villages, or another higher care place.
@dlgregory35
@dlgregory35 5 ай бұрын
Does not give any indication of cost.
@rebeccahowell6538
@rebeccahowell6538 4 ай бұрын
@@hopegold883 There is a big difference between a 55 and over community and a care home- with hefty fees. Most people don't move into a care home until 5 years prior to death. The cost is at least $80,000 per year for one person and $100,000 a year for two people- and that's with a buy-in. That's in 2024. By no means do I discourage people from cruising at any age- but even young people need healthcare from time to time. Heck- my friends are falling apart in their 50's LOL. Hips, knees, backs- all sorts of issues that would make living on a ship impractical. For one thing- there is movement- and that is hard on anyone with balance issues. Just enjoy vacations. People who move to Florida and Hawaii get bored with where they live too. It's fun and then the novelty wears off- like anything.
@VeteransAgainstFascism
@VeteransAgainstFascism 4 ай бұрын
I am an RN, and the level of care you would get at an onboard medical clinic is like going to a walk-in clinic at a pharmacy. I'll be you money there isn't a physician at that clinic. If you have any kind of emergency, you will have to be flown by helicopter, if they can even get to you. Price tag for that is minimum $75,000 and up. You'll be paying that out of pocket. If it's a life-threatening emergency, you're probably going to end up in the morgue. Good thing they have one on board. Something to think about.
@MichelleHarris-wp1fo
@MichelleHarris-wp1fo 9 ай бұрын
I think we need to see this as a quick and dirty cost comparison, which is to point out that you can actually live on a cruise ship for around the same cost as living on land. One thing that JJ hasn’t really talked about is that this is a residential ship designed for residential living - not a traditional cruise line, which means the menu rotations, the entertainment and the activities onboard are geared to folks staying on board longer. The pace of travel is slower and you are not rushing from port to port often plowing through bad weather just to stay on tight schedules. But again - this is not a “one is better than the other” it’s a “hey look we have more options” kind of thing, and more options is a good thing.
@dlgregory35
@dlgregory35 7 ай бұрын
How is it designed for aresidential living when the shi[ was not in dock long enough for substantial changes to be made?
@rebeccahowell6538
@rebeccahowell6538 5 ай бұрын
@@dlgregory35 A. It isn't seaworthy yet. B. Mike promised the moon and the stars which is not happening. The ship is old, dated, and is not "refurbished" as promised- even though it's been in dry dock (s) since it was purchased in March. Cruise lines- order everything they need prior to dry dock- old furniture and bedding is removed- new carpet is installed throughout- new furniture is installed. NONE of that took place. They did refurbish the pool and created a business center (but even the internet wasn't working properly on "move in" day-. Move in day means visiting the ship by day and staying at a hotel in Belfast by night. Now- I'm not a gambling woman- but I'm will to bet they go belly up in the next month- with a shrug- oh well- we tried.
@dlgregory35
@dlgregory35 5 ай бұрын
@@rebeccahowell6538 Exactly the ship is very old and although was very well kept by Fred Olsen it i still very old, that does not change, so can expect further breakdowns, etc and will be interesting to see who will pay for maintenance and dry docking.
@gaborsalamon
@gaborsalamon 5 ай бұрын
@@dlgregory35 The life of ships, like airplanes, is governed by the condition of the frame and structure. As a comparison, the B52 has been in service since the 1950s and is still the US Air Force's primary bomber. This ship is being overhauled inside out, refitted and retrofitted. Take a look at some of the recent videos and you will have a better idea of the ship and its condition. What differentiates this ship from a modern "cruise ship" is the absence of the bells and whistles such as waterparks, ice shows, broadway shows, and the like. Two other differentiators are the fact that, as a smaller ship, it is able to enter ports which the far larger modern ship cannot; and that most port stays are overnight; in some cases several days. No more six hours in the port. Nothing wrong with either, however it is a very different experience.
@dlgregory35
@dlgregory35 4 ай бұрын
It is not designed for residential living at all it is designed as a cruise ship and that is what it still is, nothing has changed they are cabins you will be living in and in most cases very small cabins.
@amandagaetz9038
@amandagaetz9038 9 ай бұрын
The only thing you didn’t mention was what you own at the end of the 15 years. On land you own an asset that has appreciated over the past 15 years, when you leave the ship after 15 years you have nothing. It’s amazing for someone who can maybe afford both or has a home they are renting out while they are away so they continue to pay off their asset while traveling the world!
@JJCruise
@JJCruise 9 ай бұрын
Actually, you do own your cabin and can rent it out similar to your home. You could also sell it. It’s your asset - similar to a home. It’s unknown how it will appreciate over time, but one thing you definitely gain is the value of Life Experiences. ☺️
@clairemuehlbauer8815
@clairemuehlbauer8815 9 ай бұрын
Okay question - if at the end of the 15 years - can you sell it then? Or is it only during the 15 years that you can sell.
@hopegold883
@hopegold883 8 ай бұрын
Not the only thing. One other thing is they say your travel costs are included on the ship. Does that mean port excursions don’t cost extra? What about eating in port? That’s kind of an important part of travel? Don’t you still have to pay for things you consume off the ship? Obviously those things are small compared to the cost of a house. Just saying I think there are a couple things that were left out.
@dlgregory35
@dlgregory35 7 ай бұрын
@@JJCruise Get great Life Experiences without being on a ship.
@neilk77nk
@neilk77nk 7 ай бұрын
I just read on the terms and conditions, the 15 years minimum is when the ship is expected to be taken out of the water and retired, so if there is not another ship to move residents on too, then they will be refunded 15% of there original money from scrap value of the ship. That for me would be a huge gamble to worry about near the end of the 15 years! Imagine if you've sold everything now to do this, then in 15 years when you're old and frail bring told you have to leave? Not good.
@lindabushyager5402
@lindabushyager5402 9 ай бұрын
I don't really think your analysis is quite right. If you are buying a house, you have much more space than just a small bedroom and you really can't consider the common areas of a cruise ship to be the same as the common areas of a house. Two people in a three bedroom house, can each of their own private den/office with their own TV. As you get older, you will appreciate that a couple really need at least two bathrooms. [I speak as a 76 year old married to a 83 year old.]. having a shared common living room/kitchen is not really the same as sharing common rooms with hundreds of people. Also, with the house you can have pets, relatives, or friends who stay over, An outside areas of trees and grass and flowers to walk-through. A better comparison might actually be to compare renting an apartment with the cruise ship, because you're totally eliminating the need for a down payment and mortgage... and the size of your apartment could be closer to comparing to the cruise room. still, it isn't interesting idea.
@John_Locke_108
@John_Locke_108 5 ай бұрын
I've seen other owners of these cabins in comments of their videos say, "but look at our backyard". Well that's not yours. You're sharing it with strangers and paying a monthly fee for it. And you're never eating in private unless you have a top tiere room with a table or outside balcony. Or I guess you could eat sitting on your bed I can't go more than a week without privacy.
@norarivkis2513
@norarivkis2513 2 ай бұрын
​@@John_Locke_108 That sounds like an individual preference thing. I normally eat in my bedroom anyway, and I have seen the rooms on most cruise ships: even in an inside cabin, you can fit a comfortable chair and a TV table. I've got other concerns about this particular ship, but my family probably will do it (not in this ship, for reasons above, but there are several others starting plus ordinary cruise lines rent out long term rooms) and I don't expect to have problems with privacy. Everyone's different.
@jayoneill1533
@jayoneill1533 9 ай бұрын
As much as we love cruising after two weeks we’re ready to go home. Also, I can’t imagine going to the same restaurants week after week and let’s not even talk about medical care. I think we’ll keep cruising two or three times a year.
@Juancarlo4342
@Juancarlo4342 9 ай бұрын
You go to the same kitchen every day, same restaurant
@MasterSumai
@MasterSumai 9 ай бұрын
​@@Juancarlo4342You go to the same rooms in your house too!! So?? These guys can be on the water and see so much and do so much. And if you have a creative mind, then anything is possible. 😊
@helenemulvihill2997
@helenemulvihill2997 9 ай бұрын
they have an open kitchen program onboard where you can learn side by side with other cruisers under the leadership of a chef, additionally you have access to a kitchen. Cook your own food. Like you do at home.
@sisenor4091
@sisenor4091 9 ай бұрын
They have restaurants in all the ports of call.
@MasterSumai
@MasterSumai 9 ай бұрын
@@sisenor4091 I mean you can go to them if you want something different, but why spend extra cash when you've already paid for food when you purchased your cabin? Food on board at all restaurants. 🙂
@2tedmonds
@2tedmonds 9 ай бұрын
My youth was filled with “wouldn’t it be cool if”. Bravo for doing it. Looking forward to following your journey.
@geoffreybarrett5000
@geoffreybarrett5000 5 ай бұрын
The Villages you own your house, The Ship you don’t and if the shipping company goes in bankruptcy you loose everything.
@cherylhulon6905
@cherylhulon6905 5 ай бұрын
Do you own it or do you lose it when you pass on? In my area, for retirement communities, you cannot leave the home to your children. It goes back into the community for "sale" again.
@jazziecat2354
@jazziecat2354 5 ай бұрын
U got that right!!
@kayanncee8291
@kayanncee8291 5 ай бұрын
That’s exactly what I was thinking. My understanding is that it’s a start up company. There are already some delays with launch, as far as I’ve seen on KZbin. So if this company goes belly up at any time during the 15 years, what happens? I guess you wouldn’t be responsible for any more payments!
@latebloomerabroad
@latebloomerabroad 5 ай бұрын
I'm sure they realize that. The biggest red flag to me is that the cruise company is telling them that their monthly fees will never increase (or at least not for 15 years). No way that is sustainable with inflation.
@aherve2003
@aherve2003 5 ай бұрын
Did you move yet, wich one did you buy
@elsiehodges9415
@elsiehodges9415 5 ай бұрын
Oh my goodness no. Imagine having to share breakfast, lunch, dinner, entertainment with the same neighbours for 15 years! And your only private space is a tiny bedroom. Great for holidays but for 15 years it's a life sentence.😳😳
@dianewhitehouse7244
@dianewhitehouse7244 4 ай бұрын
Well you might live next door to someone for 15years
@cynthiamillington1101
@cynthiamillington1101 3 ай бұрын
"It's a life sentence." LOL, that was hilarious 😂 😃 😄
@JonJonsson-s6z
@JonJonsson-s6z 2 ай бұрын
For those of us that live alone, the idea of being part of a community is actually appealing! You get to pick the friends that you like and will spend most of your time with them. The alternative for those of us that has retired is a retirement community that will make you feel even more isolated.
@susanbarnett761
@susanbarnett761 9 ай бұрын
The significant difference is you're buying a room with a view and and a bath. The Villages or another community is a home. However, I think it would be fun for a time. I worry about health care though as I have cardiac issues.
@kayanncee8291
@kayanncee8291 5 ай бұрын
Another couple who is moving into Villa Vie said that medical care is lower since it is “international pricing”. Whatever that means.
@roadtofreecollege6337
@roadtofreecollege6337 Ай бұрын
@@kayanncee8291It means medical costs in some countries are huge compared to others, especially the US. I lived in South Africa for 2 years. They have excellent medical facilities. I had pneumonia, had x-rays and other tests. Total cost $125. Paid out of pocket. In the US, just seeing the doctor would have been much more than that.
@christinemarino5732
@christinemarino5732 9 ай бұрын
Sorry to correct you, The Villages is North West of Orlando. I could not live on a ship. I love to garden, cook, and decorate.......I hope this adventure is great for you!❤😂!😂
@MarjorieRyanJoy
@MarjorieRyanJoy 3 ай бұрын
Back then, I was all about traveling and enjoying life, but once inflation hit, I had to pull back. Even with adjustments, those earlier withdrawals and splurges are tough to recover from. Now, I’m more focused on making my savings last, but it’s a challenge I didn’t fully see coming
@SaraNisha1
@SaraNisha1 3 ай бұрын
I’m nearing retirement myself, and I had similar concerns. I started investing later than most, and just relying on ETF compounding wasn’t cutting it for me either. After working with a financial advisor, I managed to restructure my investments and am now on track to retire with around $4 million. If I hadn’t sought advice, I doubt I’d be as confident in my plan right now
@MarjorieRyanJoy
@MarjorieRyanJoy 3 ай бұрын
I’m trying to figure out the best approach for my portfolio. How did you find your advisor? I feel like I need that kind of guidance
@SaraNisha1
@SaraNisha1 3 ай бұрын
I usually steer clear of recommending specific people because financial needs are so personal. But I can say that working with Emily Ava Milligan has made a world of difference for me. I noticed her strategies are tailored to fit personal goals and make sense for different needs. It might be worth exploring to see if her approach resonates with you.
@MarjorieRyanJoy
@MarjorieRyanJoy 3 ай бұрын
Thanks for that. I did a quick search and found her page. I was able to email so I sent over a few questions to get more info. Appreciate you sharing
@pamelawing5747
@pamelawing5747 4 ай бұрын
It's NOT an investment, it's NOT real estate, but it IS a lifestyle and there are a lot of people doing this. I would be VERY careful who I gave my money to.
@TheAshMcG
@TheAshMcG Ай бұрын
Agree...the difference is you are not building any equity. It sounds amazing, but I am not near retirement, so I want to see how this plays out 15 years from now.....
@rebeccahowell6538
@rebeccahowell6538 5 ай бұрын
My advice would be have a little turnkey condo where your family lives, and then take some inexpensive cruises when good deals pop up. Take advantage of off season deals and repositioning cruises or even just back to back cruises when the prices are right. I've done a 24 day cruise, a 19 day cruise, and am about to embark of a 21 day cruise. I like having some time on land as well as cruising. I think being on the same ship would get a little stale after a while. I do like not having to cook and clean but still- I miss cooking, family, and friends. 30 days is the longest I want to be away. Not to mention that it costs money to see the ports of call. Some you can do on your own but others you need a tour, are going to want to try the local cuisine and shop. It all adds up after a while. I'm social but I also do like a little privacy and solitude- so I think it's nice to have a home on land as well.
@susanlewis9351
@susanlewis9351 5 ай бұрын
That's what we did
@georgettenorth2776
@georgettenorth2776 9 ай бұрын
Here it the reality of owning a home in The Villages I bought my home 15 years ago and paid cash. The house has more than doubled in value. That increase in value is more than my expenses total for the 15 years, insurance, utilities, lawn care . service, property taxes, maintaining the building which was new upon purchase, monthly amenity fee, etc. All of it covered by the equity appreciation so if I sold today, I have lived here for free for the last 15 years.
@elaineandstuartcohen9761
@elaineandstuartcohen9761 9 ай бұрын
We live in The Villages also and have for the last 12 years. Our home is paid for, and we do not spend nearly as much as was mentioned in the video for food etc. I am not sure if this is a real comparison. And, what about the medical care on a ship? The Villages has a great medical system in place which is almost free and probably much better. I like the land life. In addition, my home is somewhat larger than the size of the cabin. So......I agree.... after two weeks.....I am ready to get home again. These videos are beginning to sound as if Jared and Jordan are getting a free cabin to advertise and promote for this company for a free room for themselves.
@JJCruise
@JJCruise 9 ай бұрын
We know that there are many people this cruise life is not for, and that land life may be better depending your situation. We also know if your home is paid off, or if you have paid in cash for your home- of course, your expenses will not fall within the categories of our comparison. Many, including us, have home values that have doubled in the last few years due to those community’s being hot spots for real estate investments. Based on stats from realtor.com, The Villages is predicted to be the #1 place people are moving for retirement in 2024 - so we wanted to draw a real life comparison to a place that is very popular (and seems to be booming!). This video wasn’t intended to bash or shame anyone for the life choices they have made after the age of 55, just show a comparison to two different lifestyles, one on land and one at sea. We have many friends who life in The Villages and it sounds like a wonderful community. 😀 Our focus is for those looking to travel full-time and seek the benefits of doing so.
@allent1034
@allent1034 9 ай бұрын
LOL, well then sell it and see what you have to pay for a house just like it. Guess what? It would cost double what you paid for your house 15 years ago. You would only gain if you sold and did not need to buy another house.
@helenemulvihill2997
@helenemulvihill2997 9 ай бұрын
There's just one thing. You cannot see Tahiti from The villages. Or Japan. Two things. Or Africa, Three things. Just those three things.
@live2skide1
@live2skide1 9 ай бұрын
@@elaineandstuartcohen9761 I imagine there is some business deal involved; which makes sense. Paid spokesman? Incentivized to sail in order to sell? That should be stated up front of the video as a disclaimer / ad.
@BlissGroove
@BlissGroove 9 ай бұрын
Homes appreciate in value. For example, the home my friends bought 10 years ago is almost double in price and now worth $1.3M.
@allent1034
@allent1034 9 ай бұрын
Very true but you will only get that money if you sell it. All the other houses around you appreciated also. So if you sell and buy another house, your appreciation is worthless. Now if you sell it and buy a cruise ship cabin for $140k, you can actually benefit from that appreciation.
@beastly572
@beastly572 9 ай бұрын
So does a cabin on a cruise ship that is in high demand
@hopegold883
@hopegold883 8 ай бұрын
But after 15 years you do t still own the cruise cabin, do you? If not, the costs are in addition to a house, not instead of
@kathleenabelaperez2153
@kathleenabelaperez2153 4 ай бұрын
That is called inflation?
@BlissGroove
@BlissGroove 4 ай бұрын
@allent1034 the cruise ship hasn't left. I can get money out of my home to buy a 2nd property and still go on a cruise but not with this one which still hasn't sailed as of Sept 15, 2024. With the 2nd home I can rent it out which will take care of PITI and have more for the bank and I continue to build equity on my first home. I'm having my cake and eating it too.
@farab4391
@farab4391 9 ай бұрын
People have raised some valid concerns on here, but my biggest one would be the company behind the cruise ship. It's a business like any other, which could go bust and then you're left with nothing and nowhere to go. My paid off house isn't going anywhere and even if it burnt to the ground, the insurance company will rebuild it. If you absolutely love cruising and would like to see all those places around the world, then maybe the risk is worth it. That's just how I feel about it, I hope you have a great time though 🙂
@John_Locke_108
@John_Locke_108 5 ай бұрын
I got worried about the company when I saw a video of the orientation with passengers on board the ship. The owner said the Air Conditioning was currently turned off because it costs 5 grand a day to run it but he felt that it wasn't warm enough outside to justify running it. So to me, that tells me that this guy is all about pinching pennies.
@farab4391
@farab4391 5 ай бұрын
@@John_Locke_108 yep, I’m sure they’re in financial trouble already and part of the reason for the delays. People keep on saying the rudder issue couldn’t be foreseen, which is true, but that means they’ve had an extra 3 months to finish the renovation, and they still haven’t finished it!!! Expecting paying residents to put up with workmen and a mess while they sail around. And after paying all that money, I don’t want someone telling me when I can or cannot turn on the A/C. It real has turned into a joke 😱
@RetiredZGrt
@RetiredZGrt 4 ай бұрын
@@farab4391 Actually it does not seem to be true that the rudder issue couldn't be foreseen. The CEO on his Progress video said they knew the rudder stocks were insufficient but they had been grandfathered under the prior owner. What "surprised" them was that upon resale the grandfathering would no longer be applicable and that the ship would have to be recertified. It seems like a shocking lack of research prior to buying the ship. One has to assume there are regulations regarding this and not that inspectors arbitrarily applied standards to Odyssey that weren't written regulations and that had never been applied to any other older ship upon resale.
@farab4391
@farab4391 4 ай бұрын
@@RetiredZGrt good to know thanks. Another red flag to add to the list 😱
@brendabrinkley5139
@brendabrinkley5139 9 ай бұрын
Seeing friends and family. When you go to doctor, dentist Same restaurants, Same shows,
@John_Locke_108
@John_Locke_108 5 ай бұрын
One interesting thing I saw is that you can invite people to visit for about 35 bucks a day. Where they sleep is up to figure out.
@micheleskeggs2173
@micheleskeggs2173 9 ай бұрын
Happy for you guys if that's what you want. I could NEVER live on a ship for many reasons. I enjoy cruising and have done so for longer than you're alive,but I would never walk away from my home which is also an investment. I'm the type that after a two week vacation anyplace I'm ready to return home I would feel bored and trapped on a ship.
@jimneufeld1073
@jimneufeld1073 9 ай бұрын
I don't see how you have not taken in consideration equity in your home. If you have no mortgage and a paid for home, the cost of living is definitely less. As much as I have a cruise addiction, I could not live on the same ship for years. I would much rather cruise twice a year. I will look forward to your long-term upcoming videos.
@dlgregory35
@dlgregory35 7 ай бұрын
They have not considered maintenance and dry docks, and if buying the cabin what happens when the ship gets scrapped which cannot be too far into the future the ship is 32 years old. Where is their equity in the ship then? Homes land go up in value, ships decrease very much the older they are until scrapped , and this one is not far off the scrap heap. Also to date twice the sailing has been postponed but I wonder if they have managed to sell sufficient cabins to make i all work.
@tammyallen1125
@tammyallen1125 9 ай бұрын
I absolutely love cruising and traveling in general, but after a couple of weeks, I just want to go home and be in my own bed. I also love relaxing in my own backyard and having family and friends over for bbqs. That being said, I can see why others might like living on a cruise ship.
@belxsar1504
@belxsar1504 9 ай бұрын
Thanks for the breakdown! As some others have pointed out, I think one important thing to keep in mind, particularly as one gets older, is the medical care. How much would that be, is there sufficient medical care on board, and if not, how would one get it in an urgent situation and how much would it cost? Also, for those who already have or may develop chronic conditions, there is the care needs and associated costs with that. If one decides to live on a cruise ship, I think it would also be prudent to make every effort to consistently lead the kind of lifestyle that will keep you as healthy as possible, especially if you already have any pre-existing conditions or are at risk of certain medical conditions.
@JJCruise
@JJCruise 9 ай бұрын
We know many have questions regarding Medical, there are Medical Services onboard the ship, including a Pharmacy and Dental! More information about Medical can be found here: villavieresidences.com/medical-center 🏥
@30AndAWakeUp
@30AndAWakeUp 9 ай бұрын
Very cool! Thanks for sharing guys!
@JJCruise
@JJCruise 9 ай бұрын
Thanks for watching! Hope to see you onboard a ship one day! ☺️
@Adam_The_Archivist
@Adam_The_Archivist 9 ай бұрын
My one BIG concern is medical expenses. If you have health issues this may be a little more tricky than for the average person. Thank you for the detailed video!!👍
@sillymadeupusername
@sillymadeupusername 9 ай бұрын
also in my case I have some recurring medical prescriptions (every 2 months) - I assume there is no pharmacy onboard?
@JourneywithJosh
@JourneywithJosh 9 ай бұрын
I agree. For those with medical issues it would be difficult to do. I don't know how someone gets to 50s without Drs and scripts.
@gwynethglas-brown9171
@gwynethglas-brown9171 9 ай бұрын
Sounds great but having health issues it would be impossible for me ( my medication needs a lot of paperwork to be allowed in to a lot of countries ) would be a nightmare getting that sorted. For those that can work from anywhere as long as their is internet , their work place has no issues , have no other commitments back home Be an idea adventure for sure 🤍🤍. Interesting video 🥰
@ParrotplaySix
@ParrotplaySix 9 ай бұрын
Pharmacies usually only will refill your prescription every 30 days.
@JJCruise
@JJCruise 9 ай бұрын
We know many have questions regarding Medical, there are Medical Services onboard the ship, including a Pharmacy and Dental! More information about Medical can be found here: villavieresidences.com/medical-center 🏥
@jdavis6650
@jdavis6650 9 ай бұрын
It would make sense to estimate the value of each asset at the end of the 15 year period. With a 4% appreciation rate the house would be worth about 728,000.
@TinCupChalice40
@TinCupChalice40 9 ай бұрын
So on the ship if you’re only allowed 15 years you don’t really own that cabin , you are leasing that cabin. So there’s no chance of making a profit by selling it after your 15 years is up, but on the other hand, the other community,.. you do own your condo. Where you can make a profit by selling it at some point down the line. I think that’s a huge point, but for some reason you neglected to mention.
@IOSALive
@IOSALive 9 ай бұрын
JJ Cruise, This is fantastic! I subscribed because I love it!
@JJCruise
@JJCruise 9 ай бұрын
Thank you so much!
@allen9069
@allen9069 9 ай бұрын
You're assuming moving to the Villages and having a mortgage. Many retirees have their homes paid for so I would compare both ways, with or without a mortgage.
@AliciaLewisCruising
@AliciaLewisCruising 9 ай бұрын
Circumnavigating the 🌍 . . . Priceless, indeed! See you onboard!
@roygress3598
@roygress3598 Ай бұрын
If you are looking at cruise ship retirement life against land-based life you also have to factor in medical requirements. Does your cruise ship have a fully functional ER and Intensive Care, Xray, MRI scans, Nuclear Medicine etc? These are all things you may need that are available on land but is it available at sea?
@tracypowell2459
@tracypowell2459 4 ай бұрын
It’s an interesting video, particularly seeing the costs of living on a cruise ship, however if you are trying to show it’s a cheap lifestyle choice there are a few points to note, oh and by the way I am an accountant, I live in a retirement village (in Australia) and I am an avid cruiser. 1. Most retired folks will not be getting a mortgage they will be paying outright so you can remove the interest costs which will change the whole situation 2. Property over time is likely to increase significantly whereas your diminishing lease to live on the ship if transferable/saleable is unlikely to hold or increase its value and will be zero at 15 years 3. What about travel / medical insurance? To cover you 365 days world wide is likely to be a very high amount particularly for older people. 4. Your costs may be fixed for 15 years but realistically if the company is subject to inflation and cannot make the bank balance you are either going to end up with reduced services, have to pay more or the company will go out of business 5. From watching other videos from your fellow passengers it would appear that this ship hasn’t actually gone anywhere yet and is some 3 months overdue to depart, you can’t even sleep on it although you can go on in the day and eat etc, but you are having to pay for additional accommodation. 6. I applaud you for giving this a go, it is pioneering and I truly hope it does succeed, but it’s untested unlike your retirement village comparison and is certainly a gamble. For people with plenty of money who are prepared to lose the $120k US buy in price and might get to go around the world at least once then great, but I fear not everyone is in that position. Personally I would rather book a world cruise on a well established cruise company ship which might cost something like $50 to $100 US depending on room choice for a couple and have a lot more confidence it would actually happen and then go home to my retirement village. I wish you and your fellow passengers the best of luck and look forward to following your journey to see where it leads.
@elsiecater156
@elsiecater156 4 ай бұрын
They should see themselves as cruising residents, the insurance should include rescue at sea of you need hospital care which would be unavailable on board very expensive and expect medical would not be cheap on board either. I believe from reading cruise Month cruise one got medicines other personal requirements on shore as much cheaper, i think a lot looking at retirement at sea have found it is not what they thought it would be, would like to know if the maintenance $7000 then $5000 was for the pair or each person ? Not for this land lover.
@FraserAtSea
@FraserAtSea 8 ай бұрын
This is exciting! I spent about 10 months almost exclusively on cruise ships last year, but found it to be really expensive due to the fact I was 'ship hopping'. I would've saved a fortune if I'd jumped onto just one ship, but I was across 19 different ships, so didn't really save money vs a standard passenger cruising! This option you're looking at sounds SO interesting - thanks for sharing this!
@cheleletourneau228
@cheleletourneau228 5 ай бұрын
not a fair comparison in my opinion. You took the lowest cabin price and they go up to over 400k. I think using a median price like you did for the villages may have been a better comparison.
@mainegreengrower4209
@mainegreengrower4209 5 ай бұрын
It all depends on the person..I could sell and buy villages as a middle.class person and have no mortage..my car payment is 250 a month insurance is super cheap..I have a harley 150 a month..ive looked at resorts and they are a decent price too..maybe another country would be best
@bevricker4812
@bevricker4812 9 ай бұрын
Are you purchasing the cabin or leasing it for 15 years. What happens when you leave the ship do you have an asset to sell or pass down? In the Villages you would likely exit with a 600K asset at least half paid off
@cydneystephen2814
@cydneystephen2814 9 ай бұрын
This is a great breakdown comparison. My question is: let’s say you live at sea for 3 yrs, will the ship have a more advanced medical dept/hospital , with travel insurance to cover on ship pharmacy for meds, labor and delivery should a woman become pregnant. Because even if maintain your land based pharmacy, I don’t think insurance is universal in all states. Definitely not international countries. What if someone needs common emergency surgery such as their appendix or gall bladder removed. What about a dentist? These are my concerns. Great vid J. Thanks so much.
@JJCruise
@JJCruise 9 ай бұрын
We know many have questions regarding Medical, there are Medical Services onboard the ship, including a Pharmacy and Dental! More information about Medical can be found here: villavieresidences.com/medical-center 🏥
@bettylemley2399
@bettylemley2399 8 ай бұрын
I loved seeing this since I’ve lived in The Villages for 5 years plus in last two years I’ve cruised 12 times (on Celebrity). FYI The Villages is one hour NORTH of Orlando. A few things that really changes the comparison a significant amount of buyers sell homes elsewhere and arrive with cash (and left over dollars from sale of previous home) and have no mortgage. I did and the value of my home here now is up 70%! My monthly expenses are way less than than living in NJ in my previous home. I’ve got enough now to cruise lots. Also a huge consideration about cruising full time is medical cost especially since The Villages average age may be somewhere around 70. Loved seeing this and will be sharing on several Villages Facebook pages. I love cruising so much and have been curious about “full timing”. I realize from this it’s not something I could come close to affording as a single lady.
@charlesschroeder4062
@charlesschroeder4062 8 ай бұрын
If you can choose between moving to the Villages and this cruise, you either have the money from a prior home to pay for the "whole thing" or you don't. Their comparison was not paying all of it up front, which means they are most likely putting their equity into an account to pay the fees as they go. So the comparison does make sense, unless they can pay all the ownership costs and fees up front, like you did with your home.
@slowmads
@slowmads 9 ай бұрын
We will be on cruises for 212 days this year-a total of $50K or so. The residential cruise ships intrigue me-but I think we’ll wait to see it the business model works over time.
@georgettenorth2776
@georgettenorth2776 9 ай бұрын
Cruise ship life long term is good for healthy people life yourself but Seniors need much more healthcare and sometimes very serious emergencies arise. In addition, Medicare does not cover seniors when outside of the United States so additional insurance must be purchased and at what cost???
@jeannietarrance9855
@jeannietarrance9855 9 ай бұрын
I was wondering what would happen if the ship had to go into dry dock or needed major mechanical repairs. Would they pay for tenants to live elsewhere or charge residents for repairs?
@michellebenjamin6666
@michellebenjamin6666 9 ай бұрын
Fascinating information. I really appreciate the math as I get into figuring this kind of stuff out! The idea intrigues me but I'm not sure I could separate myself from my grandkids. I am really looking forward to watching you two in this adventure!
@jlawrence0181
@jlawrence0181 2 ай бұрын
Like all of the usual "cheaper to retire at XXX as opposed to the US" , you are missing a lot of the costs. The major cost in retirement is health care. On any ship, you generally have one MD, one PA and maybe 2-3 nurses. That probably works very well if you are talking about first aid and minor things that happen on the ship. However, if significant health issues pop up, what are the plans? Or are you going to fly from the nearest port to get specialized health care.You have to also factor in trips for family issues if you plan to maintain any relationship with family members. And if you don't, you will find that there is no place to go back to when you no longer can live on the ship.
@johnwilson8482
@johnwilson8482 8 ай бұрын
What happens after 15 years? In the Villages, you still have the home you purchased; on the ship, what happens after the guaranteed timeframe runs out? Do you have to pay another fee for the next 15 years? Also, what about the healthcare onboard? Might you need to leave the ship for the treatment of a long-term illness like cancer? Add in using costs during that period. Etc. That's not a lot of extra wiggle room for all the potential risk factors. The "margin of safety" is very thin to come out on top. Sure, you can do it for the adventure; but it doesn't look like a way to life-hack financial expenses.
@kathleenabelaperez2153
@kathleenabelaperez2153 4 ай бұрын
Just a thought, 15 years of taxation and insurance saved. Even when you pay off your house, you are still heavily taxed. You can always rent your home out for the duration.Someone that needs to be thought out.
@jamesholt5963
@jamesholt5963 15 күн бұрын
So reminded me of a Time Share I got sucked into!
@brendaallen7183
@brendaallen7183 9 ай бұрын
Jordan, I don't think many people who live in the villages have a mortgage, prob not even a car payment. I'm sure their insurance is more in FL however. Prob not a real good comparison. IMO
@plantbasedprepper
@plantbasedprepper 5 ай бұрын
Terrible as an investment because you'll never get that money back. When you are comparing it to retirement communities, then this cruise is designed for retirees only planning to live 15 years and most cruise ships and destinations do NOT accept health insurance. There is going to be more unforeseen costs that keep showing up for these 1sts timers onboard whether it be health care, extra port fees, extra utility fees, etc. I just watched another video and they told them they didn't turn on AC because it costs $5k/day to run so they will definitely be in control of when, where, ,and how long they run things unless they agree to charge more. I expect they will form an HOA committee onboard....This is going to be a great reality show! These people are going to find out they have zero control of what happens on that ship vs what they own on land...
@Valettasworld
@Valettasworld 4 ай бұрын
I watch that to and I was like nope and the rooms are horrible on top of spending over a million dollars and no return 🤷🏾‍♀️I’ve owned and sold several houses this is not the same
@LuisPerez-ft2rk
@LuisPerez-ft2rk 5 ай бұрын
Those prices are ridiculous. I don’t spend nearly that much money a month and I live in NY. I bring home $4,000 a month and I have $1,200 rent utilities included $250 car payment $350 insurance $75 cable $120 gas $98 phone . That’s About $2,100 in bills which leaves me $1,900 to play with and save.
@johnmonk66
@johnmonk66 4 ай бұрын
Yes, he claims in Florida transport cost in near 800 a month, does he think everyone takes limos? Car insurance 150, gas 100, where does he come up with 800? He HAS to bump all the prices up to make the idea of living in a metal box for 15 years an idea.
@RitzaM_1965
@RitzaM_1965 5 ай бұрын
Thanks for the great video and super excited for your journey on the Vila Vie!! Personally, I would NEVER buy in the Villages and much less buy a cabin on Villa Vie or any other residential cruise ship. For the amounts talked about in this video, I personally can live like an absolute KING and travel ALL over the world for MUCH less!! Also, seeing the SAME people day in and day out would make me want to go overboard!! LOL! This type of lifestyle is most certainly for a select few! Lots of luck and happiness to those folks!!
@amybrock2592
@amybrock2592 9 ай бұрын
I know a lot of people are pointing out the value of their on-land houses, which is a good point. However, what you show here is that living on a cruise ship full-time is not an outrageous alternative. I looked at Villa Vie and saw that you could just rent “segments” for part of their global journey. You can also rent out your cabin if you are not going to be on the ship for some time. So, in that respect it could be a rental property if you have the means to maintain a second property on the ship or rent on land when you need to be in land. Just something I’m pondering. There are people that live full time on regular cruise ships now. Obviously, it works well for a small segment of the older population.
@JJCruise
@JJCruise 9 ай бұрын
Thank you Amy! This is a great point!
@dlgregory35
@dlgregory35 7 ай бұрын
From what you are saying you are buying the cabin. I think. What happens when the ship comes to the end of its life and needs to be scrapped where is your asset then? The ship is already 32 years old and near the end of its life now, and you are saying you are paying a deposit of $60,000.The ship has already; postponed the sailing date twice and what updates have been done to the ship in the very short time that they have owned the ship? Who pays for maintenance, dry-docks ( I assume you have to be off the ship when in dry dock) for repairs and so on a ship of this age it will need plenty of maintenance. How many cabins have they sold have they told you? You both seem very dry behind the ears for sure. I have been in ships and shipping all my life and I am a lot older than you two and know a lot more than you do about ships. I hope for your sake that it can work. I really do but I very much doubt it from my experience.
@TrevHolland
@TrevHolland Ай бұрын
The primary thing you're not considering is the equity you would be building on a home. You pay a mortgage to own a home, but that home holds value or maybe even appreciates. Villa Vie, while it might be roughly the same monthly cost, leaves you zero equity. So in the end, no matter how much it might seem like a good deal, you're losing a LOT on opportunity cost. You're also comparing an ENTIRE HOUSE, with property and everything, with the SMALLEST room Villa Vie has to offer. And please notice, I said ROOM. Not "apartment", "condo", or "house". For $120,000 you will be living, full time, in a 135 square foot ROOM. Not to mention being trapped on a boat with your entire HOA. That sounds like a disaster waiting to happen. And when you're tired of being around the same people all day, you get to go back to your 135 square foot room, that you are throwing money at, and will not see a dime of it at the end of your 15 years. So yeah, your comparison is really useless here....
@chuckscoinscash1425
@chuckscoinscash1425 Ай бұрын
While I agree with most of what you’re saying here, there is no guarantee on a house appreciating. I bought a home that went through crazy appreciation then the bubble burst. Sold that home 13 years after purchase for the same price I originally bought it for.
@margotk538
@margotk538 8 ай бұрын
Living on a cruise may seem fun at first, but you will soon get bored or tired of it. I enjoyed my first cruise experience and am about to go on another cruise with RCL. The cruise room needs to be more significant for an extended stay. I would like to have some privacy and the ability to enjoy activities such as trying different restaurants, going to the theatres, cooking, hiking, and hanging out with friends and family. These will all be very restricted when I am stuck on a cruise with a set schedule...
@mickiesadventures
@mickiesadventures 9 ай бұрын
Thank you for sharing this info. I would definitely look into doing such a thing!
@sheilathompson1026
@sheilathompson1026 Ай бұрын
I think it sounds great. How wonderful to see the world without ever having to pack and unpack or get a flight anywhere absolute bliss. Thank you for the breakdown and comparison very interesting. Great job
@fogtownrog
@fogtownrog 9 ай бұрын
Thanks!
@JJCruise
@JJCruise 9 ай бұрын
Thanks for the Super Thanks! 🥳
@janeliza8286
@janeliza8286 5 ай бұрын
This is ridiculous! your home gains equity, you don’t own or have anything back in your pocket by living in a cruise… even a 12 year old can figure this out 🤦‍♀️
@grovewiley1889
@grovewiley1889 Ай бұрын
Some here have mentioned health care issues. That would be a top concern for me. Medical emergencies can happen at any time, where being rushed to an emergency room can be the difference between life and death. Villa Vie is a fun fantasy but there are WAY too many concerns.
@rentechpad
@rentechpad 5 ай бұрын
The big difference I see between the Villa Vie cabins and a home in the Villiages, and why this is not a good comparison at all, is that when you purchase a home in the Villages, or many residential retirement community, you have property ownership, while ownership of a cabin on a cruise ship is more like a long term lease good for 15 yeas with nothing at the end of that 15 years except memories. In the Villages, you can opt out at any time by selling your property if you really end up hating the community. Not sure anyone as addressed what happens if cruising around i the same ship beckmes boring in just a ver years, or the makeup of the community has you feeling you don't fit in, or, worse, a major health issue comes along where you need to be in one place for care and treatment for a year or more. Are you able to sell your cabin or otherwise get out of the financial arrangement, or is it more like being stuck with a timeshare? Then there is the question of what happens, given that this is an older ship, if jn a few years it had to go back to dry dock for major repairs taking your cabin with you and leaving you dock side until she is refitted and repair and is certified for occumpancy again. And what happens if this occurs halfway around the world from the ships homeport and where the shipping company is? Retirement communities like the Villages are run under all sorts of state laws that require them to make allocations so that they do not just up and leave residents without services and promises made and paid for, but even if they did, or were forced to sell to another management company, the home and property is still yours, and since most residential property goes up in value, its a good bet that you can sell and not loose money. And if some infrastructure in the Villages breaks down, you may have some inconveniences, but its highly unlikely you will be put out on the street while they fix some infrastructure. As for health and medical, a clinic ship's doctor and his staff as well as a pharmacy and a dentist are not the same level as even a community hospital. If you suffer a heart attack, stroke or its suspected you have a cancer, you are not getting anything but stabilizing treatment to hold you over until the next port, and what options you have for medical care may well be limited. Any of the big medical issues often faced by people in the age groups here, not only need the high-tech initial critical care, but also come with months of chronic care such as physical therapy, posdiblr home health care and so on. In a planned community like the Villiages connected to a greater community that offers all this its hard but you dont watch your home sail away while still hospitalized, and care after discharge is local. A diagnosis, for example, of even a simple cancer with high rates of successful treatment still requires months of chemotherapy, testing, images and scanning and being followed by an oncologist and even a gloating hospital ship would still be referring those patients to shorebased services and care. As for someone recovering from a stroke or heart attack, they too could need months of aftercare that just could not be done on ship, especially if the person was semi bed bound. And this ship, while still sound, from jnspection reports, one has to acknowledge, was retired because it had reached the point where a cruise company knew that, what looks fine today still is near end of life and while it could go on for years could also give up next week. It could well be that it would still sailing in 15 years, but how many times in that 15 years was it out of commission for major repairs. Sure, your home in the Villiages will need up keep and repairs, but houses have lifespans much greater than cruiseships and, unless it sustains major storm damage you are not out if it while maintenance or repairs take place. Comparing the Villages with Villas on a cruise ship is not apples and oranges but more like onions and chocolate.
@ellen4441
@ellen4441 5 ай бұрын
Gr8 analysis!!!
@LiftUpNotDown
@LiftUpNotDown 9 ай бұрын
A long term Investment in a home versus living on a cruise ship temporarily isn’t really the best comparison. Homes also require maintenance, property taxes etc. If you leave the ship, and you haven’t bought a stateroom, you don’t leave owning anything to then sell like you would with a house. In 15 years, a cruise ship would be seen as old and people would want to be on the new and bigger ships etc. Renting an apartment and the cost of living is probably a better equivalent. Lifestyles, personal choices and medical costs also play heavily when comparing. Living on a cruise ship sounds lovely if you’re income can support it but it doesn’t sound like a realistic comparable for living on land for most people. Also, for people who can’t “work from home” living onboard a ship isn’t an option. If you have to leave the ship for personal reasons, even temporarily, flying half way around the world isn’t going to be as cheap as a domestic flight. It’s an awesome experience to live onboard a ship but you’re also paying for services you probably would do yourself at home - light housework, cleaning, cooking and laundry. Most people don’t have housekeepers, including retirees.
@edeter2260
@edeter2260 9 ай бұрын
I liked the breakdown. I have done something similar for myself with an assisted living facility vs staying aboard a cruise ship. The more mobile and older adult is, long term cruise ship living would be more advantageous. Plus cruise ships do have on on board medical facility (you forget to mention this). With all the perks and high status tier levels cruise ships offer, definitely give a stronger option to choose than living in The Villages, other retirement communities or an assisted living facility.
@MK-ul4rf
@MK-ul4rf 9 ай бұрын
We love living in The Villages and cruising. We plan to keep doing both
@ginaroberts2964
@ginaroberts2964 2 ай бұрын
Same here!
@melissaking3618
@melissaking3618 9 ай бұрын
Variety is the spice of life. We enjoy cruising once or twice a year. But also enjoy our summer cabin in northern Wisconsin. We love our dogs. We can see our grandchildren when we want. Our mortgage will be paid off this summer lessening our monthly expenses. Also, where do you live if the ship needs to go into dry dock? For us living on a ship would be too limiting. Better and cheaper to take cruises.
@kalayne6713
@kalayne6713 2 ай бұрын
I couldnt leave my cat or my garden but I can see how this appeals to many. Good luck. All the best in your new life.
@michellnav
@michellnav 9 ай бұрын
I would love to do this. I think the younger generations, like yourself & Jared are perfect for this. You know the average age is older for cruising, so I understand the healthcare issues for them. But if you've got the money & you see it as a good investment, not just of money, but lifestyle, I say go for it!
@annabuther923
@annabuther923 Ай бұрын
Very comprehensive. Thanks much 👏👍🏼
@alexvalentine4934
@alexvalentine4934 Ай бұрын
How does one handle reselling your space if you don’t want it for 15 years and how do you rent it out when you’re not on it?
@theblueroomm4154
@theblueroomm4154 5 ай бұрын
One is actual ownership the other is really a rental.
@sharoncruisingscene
@sharoncruisingscene 9 ай бұрын
I would live on a cruise ship thanks for the wonderful information!!
@JJCruise
@JJCruise 9 ай бұрын
Thank you for watching!
@oceandreamer1958
@oceandreamer1958 3 ай бұрын
We live in The Villages. Just an FYI we are north of Orlando. I have been following the Villa Vie for awhile now. There are a few owners that I follow. So, I’m aware of the issues. I think it’s a great way to live and see the world. The cost comparison is interesting to see. It does make you think! I do enjoy living here in this golf cart community, the activities and the friendships. We love to cruise, and just came home a couple of weeks ago from back to back Mediterranean cruises. I’m going to continue watching to see where all of this goes!
@live2skide1
@live2skide1 9 ай бұрын
Great breakdown of the costs. Many Americans "moving" to retirement communities have sold their primary home; and may go in either "mortgage free" or with very small mortgages. From a retired persons standpoint, it was always our goal to have the "house paid for" by the time we retire, so we could fund our travels. Another cost consideration is "upkeep" on the "Villages" home. New lawnmowers, new appliance, etc. Many people going into retirement look to downsize their homes, so they have less space to upkeep. The cruise ship and the smaller space certainly fit that bill. Curious what size the ocean view cabins are, and if there is regular upkeep done, like fresh carpets, etc. Do you have your favorite "chair" on the ship, that sort of thing. It's a great concept. Are there any "monthly fee" reduction for SOLO residents? Thanks. Lots to think about!!
@CherryBlossomskt
@CherryBlossomskt 6 ай бұрын
Can’t wait to see how it all will work out for the both of you. ❤
@ka-peach7945
@ka-peach7945 Ай бұрын
Very well done report. I had watched 3-4 videos on living on a cruise trip but they never talked about costs which for me is the #1 interest.
@cruisepuppy
@cruisepuppy 5 ай бұрын
For those who don't like the idea of the full commitment of buying a cabin to live in for 15 years, it looks to me on their website like you CAN just pay a lump sum fee and pick various 'legs' of the worldwide trip that you might like to go on (say 90 - 120 days of the trip for around $25,000 - $35,000). Like you could pick Africa, Southern Europe/Mediterranean, or the Japan/Philippines part of the trip. If I had the money, I think I'd rather do that - a marvelous adventure for a few months rather than a long-term commitment. I think I'd at least try that to see how I liked it before making the bigger 15-year purchase! It would give you the experience without having to stay on a ship the rest of your life! After 3 - 4 months, you should have an idea if you LOVE it or if you've had enough.
@Hesdrummingagainagain-oj6ei
@Hesdrummingagainagain-oj6ei 9 ай бұрын
Do you own the cabin after 15 years or is that the expiration? In the villages, you would own the home and the mortgage would be paid off at some point.
@patti1044
@patti1044 9 ай бұрын
Am so looking forward to watching. Interesting part of the costing would be cost per square foot of home versus ship. Is there any kind of shared kitchen space so you could prepare your own sometimes? And as a senior healthcare is quite an issue - many of us have periodic follow up care even if we are currently healthy.
@luanneevans8397
@luanneevans8397 3 ай бұрын
Retired with a 23 ft travel trailer, much cheaper. You guys are nuts
@ChanelThomas248
@ChanelThomas248 Ай бұрын
The villages can be very expensive, depending on various factors. There are a lot of other communities to compare to, that are much less expensive than the villages.
@jjjenkins3163
@jjjenkins3163 2 ай бұрын
My inside cabin was $120,000. Not an oceanview. That&amount should be corrected...
@TheJohnebey
@TheJohnebey 9 ай бұрын
I find this so intriguing and the money works out pretty close to as you say IMO. The website for them is good, but not much info as far as the percentage sold to date and such. I would think they would want to promote that. You did a lot of work on this one and it came out great. Cheers.
@wethenorth6437
@wethenorth6437 2 ай бұрын
My first worry would be coming down with a chronic health condition like lets say cancer. You would need treatment and Doctors visits and possibly surgery which can take some months if not a whole year so you would need to leave the ship and I assume your spouse would be with you. Where would you stay? It wouldn't be cost effective to stay in a hotel you'd have to rent an apartment or something until you finish treatment and are hopefully cured. You'd be stuck paying the monthly ship payment and rent on top not to mention all the costs associated with living on land like a car, insurance, food, phone etc... I always play the devils advocate when making big decisions but if you're fortunate enough to also have a home on land then I guess a chronic health condition would be more manageable. It's kind of like living in a flood zone without flood insurance since I assume most of the people taking this option are possibly over the age of 50? I don't know if I'd want to risk it but if money were no object and I had a home base on land it would certainly ease my worries.
@elaineedwards2530
@elaineedwards2530 9 ай бұрын
As I see it, living on a cruise ship is an alternative for people with the money, the desire for travel and adventure, and those looking for an incredible experience. Who can really say the value in that? Most of the best things in life aren't about the cost.
@BrenettaMadisonPodcast
@BrenettaMadisonPodcast 4 ай бұрын
I agree!!!
@kittyvalentino3770
@kittyvalentino3770 3 ай бұрын
The Math ain’t Mathing… Plus what happens when they Retire the ship???
@neishab6637
@neishab6637 3 ай бұрын
Thanks for the cost comparison. There are apartments in the Villages. I love cruising but I might just rent and go on a cruise every couple of months to get my fix and not have to spend my life savings on shelter alone.
@AP-BMWE46M3
@AP-BMWE46M3 3 ай бұрын
The fees will go up. You’d be a fool to think or expect they won’t. The cruise is not sold out. There are less than half cabins sold. It left with fewer than 200 passengers.
@erikrichardgregory
@erikrichardgregory 2 ай бұрын
Fascinating concept. A Question plz-when you “buy” your cabin at $120K, you have no actual ownership, correct? You’re basically leasing the cabin? Plz advise!
@pierrunnertravel2426
@pierrunnertravel2426 8 ай бұрын
Did you get cancelled like Griff and Alysa did? No media people wanted by the residents ? Something seems off.
@olivebobo6885
@olivebobo6885 2 ай бұрын
After 15 years you own you home, after you leave the ship you only have memories
@elnamayberry
@elnamayberry 3 ай бұрын
At a certain age, I can see this being reasonable, depending on the health care options. Most inclusive supervised residences for seniors here run about $5000/month CDN, and I see living on a cruise ship being comparable as neither are building equity or even having a goal of ownership. One big difference though would be that in a residence, as you need more care, it can get arranged and added onto your fees - services such as a PSW to help you shower or take any meds - and I doubt these services would be available on a cruise ship. For a younger person just getting into home ownership, this is not comparable and doesn't seem to make financial sense.
@SandNSurf
@SandNSurf 9 ай бұрын
It sounds fabulous! If I could ever afford it I would absolutely want to live on a cruise shop. I’m so happy for both of you. The chance of a lifetime, and what beautiful experiences you have in store.
@cynthiamilo5571
@cynthiamilo5571 Ай бұрын
The idea of not being able to purchase and cook my own food that I choose for myself, no Way. My husband and myself took a vacation for 24 days, we had opportunity to eat all types of food, by day 7 we were absolutely over eating out. The quality and our own home cooking is not only healthier but, we prefer it to eating out. I don’t think comparing a home on land ownership to a room on a cruise ship can be comparable. However, to each there own, people should do what they want. It would be an interesting thing for a KZbin channel.
@MakingLemonadeCreations
@MakingLemonadeCreations 5 ай бұрын
I love the comparison and yes, it is going to be different for everyone as everyone's situation is different. You are presenting an option to consider and it is very interesting. My husband and I are making our plans for his retirement in 2-3 years and something like this is an option we will look at. Just a note, if you put down $60K down payment for the cabin, your interest is on the remaining balance of $60K, not on $120K. So cut the interest per year in half for those 3 years of mortgage payments.
@skylercarter6630
@skylercarter6630 5 ай бұрын
Actually, there's one expense that you didn't taking to consideration. When you were talking about the Florida village, your house is going to need to be maintained. There's going to be costs on top of that, sometimes you're going to need a new hot water tank or you're going to need new ceiling, fans or the place is going to have to have new taps or if you need a plumber. All those things need to be took into consideration too. There's maintenance that you need to take care of with a house. Regardless if it's in a community setting or not that house is yours, so you're gonna have to maintain it and keep it updated. If you're on a cruise ship, you don't need to do that. It's all took in care of I think you should calculate it another 10 to $20000 on top of that. 15 years at the bottom end of the spectrum because of maintenance costs.
@julietaylor2497
@julietaylor2497 5 ай бұрын
Granted you do not have to pay extra to travel to all those places the ship travels to, but it will cost you once you get there. That is not something you added in. Your expenses are not over once on board. I think people will be shocked at how much they spend. I know myself well enough to know this is not for me. I love to cruise, but I need to ground myself at home once in a while. I don't think a life at sea permanently is for me. Even Super Mario has a home base.
@KarenCrowther-q7n
@KarenCrowther-q7n 4 ай бұрын
Here are a couple of questions...The analysis was for a view stateroom. If you want a balcony it's twice as costly. Also, the square footage is SIGNIFICANTLY different than what you'd have at a home in the Villages. The resale potential for a home in the Villages is higher than that of the resale value of Villa Vie. I believe only dinner is included in the cost of the monthly fees - along with beer and wine. Every other meal and drink is an additional expense of the owner. The excursions are not included in the costs of the ship, however, there are walking tours that can be done with headphones. There have been some delays in launching the ship. This blog was done before the original launch date and as of today, the ship is still moored at a dock and the residents are only allowed on board during the day. I'm not sure who is picking up the cost of the alternative accommodations an meals but I'd be curious to know. Lastly, what is the percentage of the ship that has been sold to residents. I would be interested to hear.
@rebeccahowell6538
@rebeccahowell6538 4 ай бұрын
All meals are included in the fare. There is a specialty restaurant that will be a pay restaurant. Beer and wine (2 glasses per meal) are included with lunch and dinner. Since there are only about 200 passengers at present (perhaps more later) I doubt that there will be anything other than the buffet for a while. Reports so far is that the food is very good.
@danakruse7325
@danakruse7325 9 ай бұрын
I think seeing all 7 continents is great! Just hope they sell plenty of them so your dreams become true.
@JJCruise
@JJCruise 9 ай бұрын
Seeing all 7 continents is definitely a dream of ours! We think Villa Vie is doing all of the right things.
@fourfootsquare
@fourfootsquare Ай бұрын
I think this is a wonderful option for people. If it catches on, it’s a big win for retirees and the volatile cruise industry. It seems like a fair deal for both which should ensure longevity. At $5k per month repairs & maintenance on the ship should be funded in addition to support for the folks on board. I’m really surprised by the negative comments. Even for people with means, the thought of renting out one’s house for a life of international travel is pretty attractive. Thanks for this really informative video.
@lorenadugan6355
@lorenadugan6355 8 ай бұрын
Sounds great for someone younger, before major diagnosis. It sounds great. I hope you guys have fun.
@sol_tropical
@sol_tropical 7 ай бұрын
It's June. Where is the. Villa vie update?
@KarenLane-g4t
@KarenLane-g4t 9 ай бұрын
I bought my condo in Florida a year ago. It's already worth $45,000 more. My mortgage & HOA are just over $2,000 a month. I only pay cable, electricity and car insurance. My car is paid off. I love cruising but am good with 1 or 2 cruises a year. That is an exorbitant amount of money.
@cynthiaivers1708
@cynthiaivers1708 8 ай бұрын
It's only worth what's it's worth on the day you close the sale.
@kathycoutinho5665
@kathycoutinho5665 9 ай бұрын
As a retiree I think most people that would be doing this would already have a home with equity, that they would sell to finance their move to a cruise ship. I would think that the biggest issue for someone doing this is spending all of their equity and then outliving the 15 year residency. Where do you go then? For the people asking about medical insurance I would think you could get the same type of insurance that Nomads get. Your basically being a nomad just at sea instead of on land.
@lisabrooks1208
@lisabrooks1208 Ай бұрын
The Villages is North of Orlando, I live there, takes an hour to get to Disney.
@Laurie911
@Laurie911 9 ай бұрын
In 15 years your ship will be in a scrap yard while your land home might double in price. So on land you still have a paid off home in 15 years.
@beastly572
@beastly572 9 ай бұрын
Don't you see their trade in option?
@dlgregory35
@dlgregory35 7 ай бұрын
This sip should have already been in a scrap yard.
@theo847sqn
@theo847sqn 5 ай бұрын
Oh come on i served on a ship coming to the end of its sea worthy life It was 44 years old when the British government scrapped it That ship has at least 10 years left in it an if sailed in relatively calm waters then longer If the people running this company are fraudsters I hope they get locked up As they will be playing with people's dreams
@AnneMechen-no5gj
@AnneMechen-no5gj 5 ай бұрын
I'm with you on this what happens after 15 years...
@judithrees6919
@judithrees6919 4 ай бұрын
Or, living in Florida, my home could be underwater in 15 years, or uninsurable. Or I could be 6 feet under. There are no guarantees in life. Enjoy each day, and if that means a forever cruise...❤
@chrisstrickland4433
@chrisstrickland4433 9 ай бұрын
Thanks for the analysis. One of the things I think you missed is the cost of medical.
@JJCruise
@JJCruise 9 ай бұрын
We know many have questions regarding Medical, there are Medical Services onboard the ship, including a Pharmacy and Dental! More information about Medical can be found here: villavieresidences.com/medical-center 🏥
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