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Senator Yacht & Senator 'Spa Weekend' ... BWAAHAHAHA. Tristan Snell FTW (Original Post) Tommymac Oct 2021 OP
;-{)🖖 Goonch Oct 2021 #1
Ok, it's easy to rag on this, but... TreasonousBastard Oct 2021 #2
Take a look at what 200,000 gets you in the 20002 zip come bottomofthehill Oct 2021 #4
Um, Manchin insured that boat for $700,000 bluewater Oct 2021 #8
So what? He lucked out and got a great deal-- he should be hammered... TreasonousBastard Oct 2021 #10
So what? Bottomofthehill didn't show us what $700K could get us in the housing market is what! bluewater Oct 2021 #11
Let me try it this way bottomofthehill Oct 2021 #12
Does Manchin pay any local DC taxes on his "frugal" residence? bluewater Oct 2021 #20
No, he pays slip fees though bottomofthehill Oct 2021 #21
Manchin's $$$ boat is kept year round in DC, right? And yet he pays no local luxury taxes on it? bluewater Oct 2021 #22
But the simple answer is yes he is avoiding paying some DC Taxes. bottomofthehill Oct 2021 #23
"yes he is avoiding paying some DC Taxes." SHAME ON MANCHIN then. bluewater Oct 2021 #24
He's being mocked. Not hammered. Get it right. LanternWaste Oct 2021 #16
I don't know the details, Mr.Bill Oct 2021 #29
That's about one third of one of his colleague's "summer home". George II Oct 2021 #7
Do those colleagues also have private planes valued at $151,000? lol bluewater Oct 2021 #9
Manchin bought his single-engine prop plane more than 40 years ago. George II Oct 2021 #15
And 1981 Piper Saratoga currently sell for $151,000 as an average price. bluewater Oct 2021 #17
He probably paid about $30,000 back in 1981 (just guessing) My parents bought their house... George II Oct 2021 #25
OK, about $90,000 in today's dollars? Manchin has been comfortably wealthy for a long time. bluewater Oct 2021 #26
The implication is that Manchin bought his plane from money he made while in politics, but.... George II Oct 2021 #31
The implication is that Manchin is rich and wants to stop expanding the social safety net bluewater Oct 2021 #32
Image is everything in Politics. Tommymac Oct 2021 #14
What's your best guess on what you would have to pay Mr.Bill Oct 2021 #30
Years ago my brother in law owned a 48' boat that he docked at the 79th Street boat basin.... George II Oct 2021 #33
People who can't spell "Mansion" or "Cinema" RiverbendsJoe Oct 2021 #3
I see what you did there - nicely played malaise Oct 2021 #18
I see what you did there - nicely played malaise Oct 2021 #19
Okay, GAME ON!!! calimary Oct 2021 #5
game definitely on - that work's for me !!!! monkeyman1 Oct 2021 #6
Trash their brand. It's a usable battle tactic in this day and age. calimary Oct 2021 #34
His previous boat canetoad Oct 2021 #13
Sweet ride! bluewater Oct 2021 #27
Truth hurts... (n/t) Patton French Oct 2021 #28

TreasonousBastard

(43,049 posts)
2. Ok, it's easy to rag on this, but...
Sat Oct 2, 2021, 10:15 PM
Oct 2021

He lives on the thing when in town, so where could you get waterfont house in DC for that price?

According to some sources, he actually paid around 200G for the thing in what may have been a distress sale. Where could you get a house for that?

I spent 15 years insuring yachts, among other marine risks, and valuing 60' boats is tricky. Much trickier than RE valuations.

bluewater

(5,376 posts)
8. Um, Manchin insured that boat for $700,000
Sat Oct 2, 2021, 11:57 PM
Oct 2021

Which the insurance company at least agreed should be its actual value.

The $200,000 price tag was because he purchased it at some sort of foreclosure sale.





bluewater

(5,376 posts)
11. So what? Bottomofthehill didn't show us what $700K could get us in the housing market is what!
Sun Oct 3, 2021, 12:20 AM
Oct 2021

lol

And seriously, I know so many of the Senators are rich, and I have no problem with that in any way. But right now only two Democratic Senators are saying that we should cut down President Biden's 3.5T Build Back Better Act, Manchin and Sinema. If you know of anyone else, please let me know and I will add them to my list.


bottomofthehill

(8,261 posts)
12. Let me try it this way
Sun Oct 3, 2021, 12:57 AM
Oct 2021

He paid roughly $220,000 for the boat, he values it on his financial disclosure for between $100,000 and $250,000. He insures it at $700,000. Now I don’t talk to the Senator, he is not my friend or client, nor anyone I have a relationship so I am at the assumption part here but if he is insuring replacement value, I would bet that it would cost him close to that to replace the boat.

The South West marina is one of the most close efficient places to live in DC although the slip space is getting more expensive at the condo and co-op prices have gone insane in that part of town since the redevelopment of the waterfront.

bluewater

(5,376 posts)
20. Does Manchin pay any local DC taxes on his "frugal" residence?
Sun Oct 3, 2021, 09:56 AM
Oct 2021

I mean his houseboat, which he insures for $700,000, is registered in West Virginia, not Washington DC or Maryland or Virginia.



'Don't sink West Virginia': Kayak protesters rally outside Manchin's boat
For four days, protesters from West Virginia rallied by kayaks and other boats in front of Sen. Joe Manchin's houseboat to demand he support the budget reconciliation bill.
https://www.cnn.com/videos/politics/2021/10/01/joe-manchin-kayak-protest-orig-vf.cnn


Does that mean he doesn't pay local DC property taxes, personal property taxes or luxury taxes on his Houseboat/Yatcht/Frugal Residence? He does keep it year round in the DC area, correct?

Hey, come to think of it, does he list his boat as a legal residence?

So many questions....

bottomofthehill

(8,261 posts)
21. No, he pays slip fees though
Sun Oct 3, 2021, 10:20 AM
Oct 2021

He rents the slip, much like renting an apartment yet at a lower price. It is not his legal residence, He’s house in West Virginia is.

bluewater

(5,376 posts)
22. Manchin's $$$ boat is kept year round in DC, right? And yet he pays no local luxury taxes on it?
Sun Oct 3, 2021, 10:48 AM
Oct 2021

Wow, that would certainly help make it a very "frugal" residence indeed.

But to be clear, you are saying that Manchin pays NO local DC or Virginia or Maryland taxes on his boat at all?

Not DC property taxes, not DC personal property taxes, nor DC luxury taxes on the houseboat/yatcht that he insures for $700,000?

By registering his expensive boat in West Virginia but living on it and keeping it in DC, isn't that a form of avoiding local DC taxes?

bluewater

(5,376 posts)
24. "yes he is avoiding paying some DC Taxes." SHAME ON MANCHIN then.
Sun Oct 3, 2021, 11:05 AM
Oct 2021

He wants to cut President Biden's Build Back Better Act that expands the social safety net for struggling working families and yet he's avoiding paying DC taxes on his expensive, make that very expensive, boat?

That's galling. Shame on Manchin then.



Thank you for the discussion.


 

LanternWaste

(37,748 posts)
16. He's being mocked. Not hammered. Get it right.
Sun Oct 3, 2021, 09:24 AM
Oct 2021

So yeah... do you have an objective list of what e shouldn't mock?

bluewater

(5,376 posts)
9. Do those colleagues also have private planes valued at $151,000? lol
Sat Oct 2, 2021, 11:59 PM
Oct 2021

Just asking...



But all the fun and games aside, we all know that the vast majority of the Senators have very significant net worths compared to 90%, at least, of their fellow Americans. For example, in 2011 Joe Manchin was listed as having a net worth of over $7 million.

https://ballotpedia.org/Net_worth_of_United_States_Senators_and_Representatives

But honestly, with trusts, good accounting and other ways to transfer/hide/defer wealth, it's difficult to determine an affluent person's actual net worth. For example that listing has several Senators having net worths below $50K.

George II

(67,782 posts)
25. He probably paid about $30,000 back in 1981 (just guessing) My parents bought their house...
Sun Oct 3, 2021, 11:40 AM
Oct 2021

...for $29,000 and it sold a few years ago for $650,000. Does that mean they bought a $650,000 house?

bluewater

(5,376 posts)
26. OK, about $90,000 in today's dollars? Manchin has been comfortably wealthy for a long time.
Sun Oct 3, 2021, 11:46 AM
Oct 2021

Last edited Sun Oct 3, 2021, 12:50 PM - Edit history (5)

Adjusted for inflation, $30,000 in 1981 is equal to $90,547 in 2021. Annual inflation over this period was 2.80%.


https://www.dollartimes.com/inflation/inflation.php?amount=30000&year=1981#:~:text=Calculate%20the%20Value%20of%20%2430%2C000%20in%201981.%20How,2021.%20Annual%20inflation%20over%20this%20period%20was%202.80%25.

I wonder what the maintenance costs, repair costs, and storage fees have all added up to also. Typical operating costs for this plane seem to be about $24,000 per year.

Owning and operating a private plane is simply an expensive proposition. Certainly it's a luxury.

And as a side note, comparing Manchin purchasing a private plane in 1981 to a couple buying a house back actually makes my point that Manchin has been comfortably wealthy for a long time. A house is most American's greatest investment and source of wealth, a private plane was and remains a luxury item for the well off.





Your parents made a good investment and their $29,000 1980 home purchase is now worth $650,00. Excellent. But, as an example, a person can't try to down-play how well off they are NOW by saying their home was only worth $29,000 in 1981 when they can sell it for $650,000 today. Yet that's exactly the argument you seem to be making.

Also, the main point is that Manchin purchased what was an expensive luxury item, his plane, back in 1981 for a price comparable to what less affluent people, like your parents, were paying for their home. That just can't be spun in any other way.



In any case, I will keep searching for the actual purchase price back in 1981.




George II

(67,782 posts)
31. The implication is that Manchin bought his plane from money he made while in politics, but....
Mon Oct 4, 2021, 09:13 AM
Oct 2021

...he bought it in 1981, he first ran for office in 1982. He did NOT make his money in politics.

Jay Rockefeller was a multimillionaire many times over when he was elected Governor of West Virginia and then Senator. He may well have been the best West Virginia had in either office.

JFK was a multimillionaire before he ran for the House, Senate, and President.

Tommymac

(7,263 posts)
14. Image is everything in Politics.
Sun Oct 3, 2021, 07:57 AM
Oct 2021

You want to get the Working person's vote, you better vote to make their lives better...or suffer the slings and arrows of much deserved criticism.

Franklin had a government paid for yacht too, but no one begrudged him that because he stood up for the Middle and Working class folk.

Sen Yacht is morally challenged to say the least. He is protecting his ethically challenged daughter (the apple does indeed fall close to the tree). If his political actions matched WHAT HIS CONSTITUENTS WANT and he didn't obfuscate when it comes to where his funding comes from, he would not be on the hot seat.

Same for Sen Spa, but she is more of a loose cannon that is only out for herself and her actions are proving this true every single day.



Mr.Bill

(24,104 posts)
30. What's your best guess on what you would have to pay
Sun Oct 3, 2021, 03:40 PM
Oct 2021

to dock that boat in a nice marina in DC with live aboard privleges and a parking space? I'm betting it costs more than a decent apartment in a nearby location.

George II

(67,782 posts)
33. Years ago my brother in law owned a 48' boat that he docked at the 79th Street boat basin....
Mon Oct 4, 2021, 12:17 PM
Oct 2021

....in the Hudson River, and he lived on it for several years. He was well off but far from rich. The overall cost was much lower than renting an apartment.

Most marina or boat basins don't charge for living aboard privileges or parking spaces - that's all included along with utilities.

calimary

(80,699 posts)
5. Okay, GAME ON!!!
Sat Oct 2, 2021, 11:00 PM
Oct 2021

That’s what I’ll be calling them from now on.

He’s Senator Yacht.

She’s Senator Spa Weekend.

DONE!

canetoad

(17,089 posts)
13. His previous boat
Sun Oct 3, 2021, 02:01 AM
Oct 2021

Was pretty flash too but probably only 35 - 38'.



snip...
Anchored 8 miles south of the Capitol, the boat is Manchin’s home when he spends the night in Washington three nights or so a week during session. (“I wasn’t crazy on buying any real estate in Washington, not at all,” Manchin says.) The houseboat and its predecessor, the Black Tie, serve as a kind of floating incubator of that tenderest of Washington flowers in the first decades of the 21st century: bipartisanship. “Nobody knows anybody up here,” Manchin, 66, says of the Senate. “It’s amazing. There just aren’t enough real relationships.”
https://www.manchin.senate.gov/newsroom/in-the-news/joe-manchin-the-outlier-time-magazine
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