Is it better to charter or own a yacht, according to Reddit?

According to Reddit, chartering beats owning for almost everyone who isn’t aboard for months a year — and the depreciation math is the reason. In an r/yachting thread about buying a $10 million yacht, the sobering consensus: “Expect your $10M yacht will depreciate by $5M over 5 years” — and chartering it out only “helps defray some of the costs,” not erase them. Add crew salaries, dockage, insurance, and maintenance, and the boat costs seven figures a year before it moves. A charter guest pays only for the weeks aboard, on a newer boat each time, in a different sea each season, with zero off-season bills. The old line holds: the owner pays all year; the charterer pays for the week they use. Run the numbers in charter vs. ownership cost.