Pete Davidson and Colin Jost’s Questionable Purchase of a Staten Island Ferry
Former “Saturday Night Live” cast members and Staten Island natives Pete Davidson and Colin Jost have made headlines after purchasing a completely decommissioned Staten Island ferry in early 2022. The 300-foot vessel, named the John F. Kennedy, was bought for a casual $280,100.
Davidson recently expressed buyer’s remorse for the ferry, mainly because he smoked too much weed before making the purchase. “I have no idea what’s going on with that thing,” he said in an interview with entertainment tonight. “Colin and I were high a year ago, and we bought a ferry. And we’re working it out.”
Buying the John F. Kennedy wasn’t just a whim for Davidson and Jost, however. They bought the boat with their friend and comedy club owner Paul Italia from the New York City Department of Administrative Services via an auction. The ferry carried passengers between Staten Island and Manhattan from 1965 until August 2021 when it was decommissioned.
It remains unclear what Davidson and Jost plan to do with the ferry now that they own it. The couple announced the purchase during the weekend update portion of “SNL” in January 2022, calling the venture “very exciting” but without elaborating.
Davidson’s wealth at the time of purchase was estimated at $8 million, but it’s unclear how much he’s paying to keep the ferry afloat.
Possible Repercussions of Questionable Purchases
Davidson and Jost’s purchase of the Staten Island ferry raises questions about the potential repercussions of making ill-advised purchases. While purchasing a ferry may not be a common mistake for most people, many have made buying decisions under the influence or on a whim that they later regret.
For example, people may purchase items such as expensive designer clothes, jewelry, and electronics which they don’t really need just because they are intoxicated, excited, or feel like they deserve to treat themselves. In some cases, they may not even remember making the purchase.
While it may seem harmless, questionable purchases can have real consequences. One of the most significant risks is losing money. In the case of Davidson and Jost, they spent a significant amount of money on a piece of equipment with no clear purpose, leading to buyer’s remorse.
Moreover, the purchase of a decommissioned Staten Island ferry may come with additional challenges, such as maintenance and repair costs and environmental regulations. Even owning a boat or yacht in general can be a costly undertaking, as owners must bear the costs for fuel, mooring, storage, insurance, and maintenance.
Moreover, questionable purchases may leave people feeling embarrassed, ashamed, or worried about their financial decisions. The stress of regretful spending may impact mental health and relationships with others.
How to Avoid Regretful Purchases
While we all make mistakes, avoiding regretful purchases can save us from losing money, facing unnecessary stress, and feeling embarrassed or ashamed. Below are some tips to help avoid making questionable purchases:
1. Set a budget before making purchases and stick to it.
2. Take some time to think about the purchase before making it. This will prevent making impulsive decisions which may result in regret.
3. Avoid shopping while under the influence of drugs or alcohol.
4. Consider needs versus wants. Think about whether the purchase is necessary or whether the money can be used elsewhere.
5. Research the purchase thoroughly. Do some market research and investigate the seller or manufacturer before making a purchase.
6. Consider resale value. Think about what will happen to an item once it’s no longer needed. Will it retain its value, or will it be difficult to sell?
7. Seek advice from friends or professionals. Consulting with others can provide a fresh perspective, which may prevent making decisions that result in regret.
Summary
Former “Saturday Night Live” cast members Pete Davidson and Colin Jost purchased a decommissioned Staten Island ferry for a casual $280,100. Davidson expressed buyer’s remorse, stating that he was high when making the purchase. The purchase raises questions about the potential repercussions of ill-advised purchases, including losing money, facing additional challenges, and handling stress. Avoiding regretful purchases can save us from these negative outcomes. Tips include setting a budget, taking some time to think about purchases, avoiding shopping while under the influence of drugs or alcohol, and more.
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Stars, they are like us! (Making questionable purchases under the influence.)
But most of us can return that overpriced sweater.
However, former “Saturday Night Live” castmates and Staten Island natives Pete Davidson and Colin Jost stuck with their purchase after they bought a completely decommissioned Staten Island ferry in early 2022.
Davidson recently expressed buyer’s remorse for the 300-foot vessel, named the John F. Kennedy, which he bought for a casual $280,100, mainly because he smoked too much weed before pulling the trigger.
The retired Staten Island ferry, the John F. Kennedy, which Davidson and Jost bought with their friend Paul Italia in January 2022 (Getty Images)
“I have no idea what’s going on with that thing,” he said. entertainment tonight at the premiere of “Transformers: Rise of the Beasts” this week. “Colin and I were high a year ago and we bought a ferry. And we’re working it out.”
The couple announced the purchase during the weekend update portion of “SNL” in January 2022, calling the venture “very exciting” but without elaborating.
And while it may be good news that the ship isn’t sinking, it seems Davidson’s wallet certainly is, when it comes to paying for the ship.
“Hopefully he turns into a Transformer and gets out of there so he can stop paying for it,” he said.
Davidson, Jost and their friend and comedy club owner Paul Italia bought the boat from the New York City Department of Administrative Services via auction in January 2022.
The ferry carried passengers between Staten Island and Manhattan from 1965 until August 2021.
Davidson was scheduled to return to SNL as a guest host on May 6, but was sidelined when SNL went on hiatus. due to production the striking Writers Union of America.
It is unclear how long the strike is expected to last as it is nearing its sixth active week.
Until Thursday, Davidson it was worth it an estimated $8 million.
https://www.entrepreneur.com/business-news/pete-davidson-still-paying-for-280k-boat-he-bought-stoned/453806
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