We thought buying a yacht was a luxury. The real luxury no one tells you about is something else: maintaining it

Owning a yacht is far more expensive than buying one: annual upkeep often runs about 10% of the vessel’s value.

That cost covers insurance, repairs, fuel, docking, and, on superyachts, crew salaries.

Older boats and yachts kept in higher-risk climate areas such as Florida can become even more expensive to maintain.

The article highlights the real cost of luxury boat ownership, which can quickly exceed the purchase price over time.