Cruise for life' ship seized in Singapore

[Karl_3000]

What do you think about a company telling you to pay:

Ownership option                                    Price
Five-year residency                           From $59,999
Permanent residency                       Up to $119,999
Higher-priced cabin options           Up to $440,000
Monthly cabin rental                        From $3,500/month

To own an apartment on the ship for life, but there is a rental option. Some people bought apartment instead of the rental option. The ship operator based in the US ran out of money left their people stranded in Singapore. The ship was later seized in Singapore.

I think some people may learn lessons from this.

https://www.bbc.com/news/articles/cqr7y7myer53o
https://m.youtube.com/watch?v=yJxn96yAa18&pp=iggCQAE%3D

[JeromeTash]

I am pretty certain before one agreed and made the payment, they were given a bunch of terms and conditions to read. If they did not, then the blame is partly on them. Also, to me, offering people to buy permanent residency on a platform that is not really permanent (prone to damage and even sinking) is an outright scam. I would understand if it was just renting, and people should have seen this from a mile away.
Folks, that is how far capitalism has brought people; they are literally always looking for crazy ways of becoming billionaires and trillionaires at other people's costs.

[Agbamoni]

Owning a permanent residence on a cruise ship is mainly for show-off. If not, I don't see any good reason why someone would pay for permanent residency on a ship that can sink at any time or get lost in the season.

Imagine I have lots of money for a cruise ship. The worst I can do is rent it per month. Enjoy the cruise for months, then cancel my subscription with the company.