Well, they aren’t boats, they’re yachts. Multi million dollar yachts that are custom made. If they’re busy, they’re making money, they aren’t building them at a loss.
Oh, you’d be surprised, a lot of the time they are. I get all my yacht news from random channels on YouTube, so my statistics can be skewed, but the story of “some yacht bulder fucked up and they had to recall 3 ships, so obviously they’re out of business now, so you can buy some shit for cheap at a bankruptcy auction” is a not even news at this point, it happens multiple times a year. They operate on such thin of a margin, every problem they encounter could be deadly. The cost of building a boat is astronomical.
I don’t think boat building is a profitable endeavour these days. If I had to guess, I would assume most companies are losing money on that.
Well, they aren’t boats, they’re yachts. Multi million dollar yachts that are custom made. If they’re busy, they’re making money, they aren’t building them at a loss.
Oh, you’d be surprised, a lot of the time they are. I get all my yacht news from random channels on YouTube, so my statistics can be skewed, but the story of “some yacht bulder fucked up and they had to recall 3 ships, so obviously they’re out of business now, so you can buy some shit for cheap at a bankruptcy auction” is a not even news at this point, it happens multiple times a year. They operate on such thin of a margin, every problem they encounter could be deadly. The cost of building a boat is astronomical.