Downside/life change risk is too high. He assumes he'll still be employed at fecesbook for the duration of the lease, 12 years. And that he won't get married/have kids in the meantime (which is probably true since he'll be on a boat).
12 years on a boat in a tiny studio is kind of a lot. I guess he expects to sell the lease to someone else when he decides he's done? "Like a condo".
I'd just get a house in the South with the 300k, but meh, that's just me.
NGL I would do that for a year or two.
He bought in for 12 years, apparently.
Still cheaper than an apt in some metro areas
Maybe they'll allow him to sublet if he wants to vacate his lease, that is with a $10k transfer fee.
Does that reduce your income tax obligation when you are on the seas?
Might depend on the business transacted in international waters.
Wait, does it include the buffet’s and snacks?
25 k a year , to travel , hotel and food , housekeeping etc , great deal .. renting a condo can cost thst much for a year without food etc
300k for a 12-year lease of a 237sqft studio.
Mmmmkay. Not the best use of 300k but hey, his money.
Well, he gets to use the entire ship, so, workout areas, restaurants & shopping, etc., stuff like that
Downside/life change risk is too high. He assumes he'll still be employed at fecesbook for the duration of the lease, 12 years. And that he won't get married/have kids in the meantime (which is probably true since he'll be on a boat).
12 years on a boat in a tiny studio is kind of a lot. I guess he expects to sell the lease to someone else when he decides he's done? "Like a condo".
I'd just get a house in the South with the 300k, but meh, that's just me.
I would do that if I could do my job regardless of the time zone I am in
Wicked smart idea! I don’t blame the guy at all, in fact, he is my new hero!