Join Date: Apr 2016
Location: I live in Baja California but my boats live in San Diego Bay and Mission Bay
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Re: Do you have to be wealthy to own a sailing yacht?
Wealthy is a measurement against others. I would say that anyone, including the OP, who owns a boat, is wealthy, no matter how much money they have. Many people don't have food. Surely someone who owns a boat is more wealthy than someone who doesn't have food.
IMHO, If you live paycheck to paycheck and have to wheel and deal to maintain your boat you are a sailor and if you have investments that earn more than your boat costs you are a yachtsman.