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Original Paragraph:
[ Modified Thu Dec 11 16:14:28 PST 2003
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[ Modified Mon Sep 20 16:51:32 EDT 2004
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[ Modified Mon Sep 20 17:00:09 EDT 2004
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[ Modified Thu Nov 11 21:15:48 EST 2004
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[ Modified Thu Nov 11 21:30:05 EST 2004
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[ Modified Mon Nov 15 14:48:14 EST 2004
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[ Modified Mon Nov 15 15:00:38 EST 2004
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Many proposed ventures are impossibly large in scale. While
grand visions are inspiring, they are difficult to make into
reality, especially when the idea is novel and unproven. The
Freedom Ship is a classic example [FreedomShip]. Their proposed
mile-long design will cost ten billion dollars
($10,000,000,000.00). That sort of funding is not easy to get,
to say the least, especially for a piece of property that might
be destroyed by a storm (imagine the insurance premiums!).
Things are made even worse because the only previous floating
condominium ship, Residensea,
lost a substantial portion of its quarter-billion dollar cost,
even though it had sold many of its units in advance. It seems
pretty unlikely that an investor will put up 40 times as much to
try again.
Source: http://seastead.org/commented/paper/why.html#Many_proposed_ventures_are_impossibly_large_in_sca
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[Sun Nov 16 20:23:55 PST 2003-319] Unknown:
Looking at Residensea, it looks like it's currently operational and working? (implied that it was not) Perhaps more detail could be shared about Residensea since it sounds interesting from a brief perusal.
[Mon Nov 17 16:00:23 PST 2003-320] Patri Friedman (NOSPAMpatri@seastead.org.NOSPAM):
There's a little more detail here:
http://www.seastead.org/commented/paper/review.html#Cruise_Condos
I'll make the link to this discussion rather than just the reference.
[Wed Feb 11 14:01:49 PST 2004-41] Flaviu Iepure (NOSPAMflaviu@SPAMTHISmit.edu.NOSPAM):
It looks like this Reasident Sea project is actually taking off.
Quoting from the site:
"On October 30, 2003, ResidenSea Ltd. completed the sale of its ship, The World, as well as the unsold inventory of studio and apartment residences to the vessel’s residence owners. Effective immediately, fully 85 percent of its 110 two- and three-bedroom apartment residences are sold, up from 75 percent just prior to the announcement of the ship’s sale in September. In addition, 36 percent of the studio and one-bedroom units have been purchased."
What this means is that you should not underestimate the luxury seastead market. Seasteads can ofer potentially more luxury, at lesser cost, but with the disadvantage of lesser mobility.
If people are willing to pay $650 per night/person for what is little more than a matchbox room (and up to $3200 per night/person for apartments) then selling luxury seasteads should be a sure thing.
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