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[–] 10 points 7 hours ago (2 children)

It’s a status thing. Like most of the crap the billionaires do.

It also has utility thought. It provides a big presence for guests. If you really want to hire someone or do some kinda business deal, you fly them by helicopter to the yacht. Wine and dine em in a floating ballroom. It’d be a lot harder to say no in that kind of space.

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  • [–] 2 points 4 hours ago* (1 child)

    Its also a rentable income generating asset. Just like a 3rd or 30th home or whatever. Its something they can own to use the one week out of the year they might want, and then rent out to other rich (but poorer than them) people the other 99% of the time

    Why do you think Kevin Cosner owns a giant ranch in one of the most expensive places in Colorado? He is probably almost never there himself, but its an easy thing to rent out to other very wealthy people for weddings, vacations, events, etc

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