Someone explain to Horus, a boat is not an investment.

[Tha_Greatest]

well you just said it was an investment.

If you buy something that depreciates, its not an investment.

floyd is going broke, you heard it here first

[hammerhiem]

For the record i've made about £200,000 profit from houses in the last 8 years, presently £150,000 is sat in the bank waiting for the market to bottom out before i start again. not bad from a £40,000 starting investment if i do say so myself.

[deevel79]

Obviously you are unaware of the definition of an investment.

LMAO! I thought the same exact thing once i read his post!

[THE REED]

For the record i've made about £200,000 profit from houses in the last 8 years, presently £150,000 is sat in the bank waiting for the market to bottom out before i start again. not bad from a £40,000 starting investment if i do say so myself.

thats why i said in this recession its not an investment... unless u buy a foreclosure... then it is... but u wont get you rmoney back for awhile...

[Ryn0]

You dont think a Yacht is a good commodity?

A investment to me is something that you can make money off of in the future.
If I buy a house for $150,000

If I work on and improve that House I can sell it for $400,000

If I buy a Yacht for 5 Million Dollars...I can work on and improve that boat and sell it for 7 million dollars.

If I brought a Yacht and it had 1 bathroom and 1 bedroomwhen i brought it., and while I had the yacht I add 3 bathrooms and 2 bedrooms.

you dont think it is worth more now, then when i first brought it??

A boat is a good investment and a great commodity

I doubt Floyd is into refubishing his house and boat, I think he is going to USE them. I assume he bought a VERY expensive boat any sort of work you do on a boat like that will proberbly make the value go down. Unless it's purely aestetic, I don't think you can just add things to a boats otherwise it may affect its form on the water.

[THE REED]

im still laughin my ass off how horus is adding 2 bedrooms and a bathroom to a yacht...

LOL i cant even fathom that thinking.

[Dice]

im still laughin my ass off how horus is adding 2 bedrooms and a bathroom to a yacht...

LOL i cant even fathom that thinking.

Why cant you fathom it? Scott Storch did a similar thing and like an idiot he still didnt pay his taxes, I swear I wanna talk with these wealthy people to see why there so stupid on important things

[Horus]

LOL now you can just add bedrooms and bathrooms to yachts


hey HORUS... if you buy a 5million dollar yacht.. chances are... its not a fixer upper

Without getting into a flame war with you.

The point is this.

If I brought the boat for 5 million and sell it for 7 million was that not a good investment for me to buy that boat.?

[Ishy Aytan]

Without getting into a flame war with you.

The point is this.

If I brought the boat for 5 million and sell it for 7 million was that not a good investment for me to buy that boat.?

Is Floyd selling his boat?

[THE REED]

Without getting into a flame war with you.

The point is this.

If I brought the boat for 5 million and sell it for 7 million was that not a good investment for me to buy that boat.?

The point is this... your not buying a boat for 5 million and selling it for 7 million.

just like im not buying a new dodge ram for 40 grand and selling it for 60 grand.