Forums > Sailing General

So you want to own a boat?

Reply
Created by frant > 9 months ago, 6 Jan 2015
frant
VIC, 1230 posts
6 Jan 2015 6:10PM
Thumbs Up

Thought that I would avoid hijacking any existing threads. And thought that I might take a risk of as being thought of as being a bit harsh to dreamers.
Question is? So you want to buy a boat.
Your decision will ultimately end up answering 3 questions.
1/ How much cold hard cash can you front up with????
2/ How much cold hard cash can you continue to fork out along the way?????
3/ How much cold hard cash can you afford to drop at the end of the day??????

Within those 3 constraints there is a boat for everybody, the biggest difficulty is marrying 1, 2 and 3 with your dreams.

HG02
VIC, 5814 posts
6 Jan 2015 6:48PM
Thumbs Up

Select to expand quote
frant said..
Thought that I would avoid hijacking any existing threads. And thought that I might take a risk of as being thought of as being a bit harsh to dreamers.
Question is? So you want to buy a boat.
Your decision will ultimately end up answering 3 questions.
1/ How much cold hard cash can you front up with????
2/ How much cold hard cash can you continue to fork out along the way?????
3/ How much cold hard cash can you afford to drop at the end of the day??????

Within those 3 constraints there is a boat for everybody, the biggest difficulty is marrying 1, 2 and 3 with your dreams.


The one I have dont need or want for another love to look used to be women but these days a nice hull shape gives me more
At my age the other is over rated

1
As much as it takes and can afford
2
As much as it takes over the next three years same as above but Ill know Ill be very comfortable
3
Don,t care, Ill leave it to my kids its there problem

McNaughtical
NSW, 908 posts
6 Jan 2015 7:33PM
Thumbs Up

Yes I'm a dreamer....but my motto is...uf you don't dream you don't do. Number 1. Done that. Number 2. Doing that sliw and steady Number 3. What will be will be, but at least I'll die knowing I gave it my best shot

frant
VIC, 1230 posts
6 Jan 2015 7:51PM
Thumbs Up

Select to expand quote
McNaughtical said..
Yes I'm a dreamer....but my motto is...uf you don't dream you don't do. Number 1. Done that. Number 2. Doing that sliw and steady Number 3. What will be will be, but at least I'll die knowing I gave it my best shot


Sorry McNaughtical (my eyes have been playing tricks on me. Until I typed your user name I thought it was Mc Naughty gal) but you might now be living the dream. Maybe you are a doer with a dream as opposed to a dreamer. Same as HG02. There is a world of difference to those who have summonsed the courage and one way or another given their answer to 1,2 & 3.

HG02
VIC, 5814 posts
6 Jan 2015 8:14PM
Thumbs Up

Select to expand quote
frant said..


McNaughtical said..
Yes I'm a dreamer....but my motto is...uf you don't dream you don't do. Number 1. Done that. Number 2. Doing that sliw and steady Number 3. What will be will be, but at least I'll die knowing I gave it my best shot




Sorry McNaughtical (my eyes have been playing tricks on me. Until I typed your user name I thought it was Mc Naughty gal) but you might now be living the dream. Maybe you are a doer with a dream as opposed to a dreamer. Same as HG02. There is a world of difference to those who have summonsed the courage and one way or another given their answer to 1,2 & 3.



I was going to do what I'm doing now when I was 28 but instead got married ran businesses , push prams ,changed nappies
you all know how it goes , the end result shes happy and so am I might be a lot poorer just money dose not make you happy
you only live once so make it enjoyable and do what you want, you only get one life live it
or another
there is no such thing as cant

or
big jobs are just a lot of small jobs so break them down and get on with it.
and K.I.S.S. keep it simple strupid
Oh yes the one I learn t this last Year thanks to Cisco
B.O.A.T. = bring . on. another .thousand and loving it

bubble7777
QLD, 191 posts
6 Jan 2015 7:20PM
Thumbs Up

Select to expand quote
frant said..
Thought that I would avoid hijacking any existing threads. And thought that I might take a risk of as being thought of as being a bit harsh to dreamers.
Question is? So you want to buy a boat.
Your decision will ultimately end up answering 3 questions.
1/ How much cold hard cash can you front up with????
2/ How much cold hard cash can you continue to fork out along the way?????
3/ How much cold hard cash can you afford to drop at the end of the day??????

Within those 3 constraints there is a boat for everybody, the biggest difficulty is marrying 1, 2 and 3 with your dreams.



I think the partner, wife, husband otherhalf, has a big influence on how much people can spend. for some this ends the dreams. they dream, and the wife says no.



HG02
VIC, 5814 posts
6 Jan 2015 8:26PM
Thumbs Up

Select to expand quote
bubble7777 said..



frant said..
Thought that I would avoid hijacking any existing threads. And thought that I might take a risk of as being thought of as being a bit harsh to dreamers.
Question is? So you want to buy a boat.
Your decision will ultimately end up answering 3 questions.
1/ How much cold hard cash can you front up with????
2/ How much cold hard cash can you continue to fork out along the way?????
3/ How much cold hard cash can you afford to drop at the end of the day??????

Within those 3 constraints there is a boat for everybody, the biggest difficulty is marrying 1, 2 and 3 with your dreams.






I think the partner, wife, husband otherhalf, has a big influence on how much people can spend. for some this ends the dreams. they dream, and the wife says no.





Been there and done that Bubble
I started building a Simpson design 38 ft cat many yers ago as a long term project 10 years at least as a retirement boat so I would have my dream boat but was told either the boat had to go or I had to . I chose the incorrect one at that stage

So I am looking forward to my "room with a sea view"
Im off to the boat and eat in the cockpit see you guys later

McNaughtical
NSW, 908 posts
6 Jan 2015 8:29PM
Thumbs Up

Select to expand quote
HG02 said..

bubble7777 said..


frant said..
Thought that I would avoid hijacking any existing threads. And thought that I might take a risk of as being thought of as being a bit harsh to dreamers.
Question is? So you want to buy a boat.
Your decision will ultimately end up answering 3 questions.
1/ How much cold hard cash can you front up with????
2/ How much cold hard cash can you continue to fork out along the way?????
3/ How much cold hard cash can you afford to drop at the end of the day??????

Within those 3 constraints there is a boat for everybody, the biggest difficulty is marrying 1, 2 and 3 with your dreams.





I think the partner, wife, husband otherhalf, has a big influence on how much people can spend. for some this ends the dreams. they dream, and the wife says no.






Been there and done that Bubble
I started building a Simpson design 38 ft cat many yers ago as a long term project 10 years at least as a retirement boat so I would have my dream boat but was told either the boat had to go or I had to . I chose the incorrect one at that stage


Bugger....wrong wife eh?

McNaughtical
NSW, 908 posts
6 Jan 2015 8:33PM
Thumbs Up

Select to expand quote
frant said..

McNaughtical said..
Yes I'm a dreamer....but my motto is...uf you don't dream you don't do. Number 1. Done that. Number 2. Doing that sliw and steady Number 3. What will be will be, but at least I'll die knowing I gave it my best shot



Sorry McNaughtical (my eyes have been playing tricks on me. Until I typed your user name I thought it was Mc Naughty gal) but you might now be living the dream. Maybe you are a doer with a dream as opposed to a dreamer. Same as HG02. There is a world of difference to those who have summonsed the courage and one way or another given their answer to 1,2 & 3.


lol frant (door)...yes Im a doer with a dream....McNaughtygal...lol...

LooseChange
NSW, 2140 posts
6 Jan 2015 8:36PM
Thumbs Up

Select to expand quote
McNaughtical said..

Bugger....wrong wife eh?


Aren't they all? .....

Quick Quiz ...... What's bigamy? ......................................................................... one wife too many ......



Next question,

What's monogamy? .................................................................... Same thing

McNaughtical
NSW, 908 posts
6 Jan 2015 8:48PM
Thumbs Up

Select to expand quote
LooseChange said..

McNaughtical said..

Bugger....wrong wife eh?



Aren't they all? .....

Quick Quiz ...... What's bigamy? ......................................................................... one wife too many ......



Next question,

What's monogamy? .................................................................... Same thing


McNaughtical
NSW, 908 posts
6 Jan 2015 8:49PM
Thumbs Up

Select to expand quote
McNaughtical said..

LooseChange said..


McNaughtical said..

Bugger....wrong wife eh?




Aren't they all? .....

Quick Quiz ...... What's bigamy? ......................................................................... one wife too many ......



Next question,

What's monogamy? .................................................................... Same thing





oops

LooseChange
NSW, 2140 posts
6 Jan 2015 9:24PM
Thumbs Up

Select to expand quote
McNaughtical said..

McNaughtical said..


LooseChange said..



McNaughtical said..

Bugger....wrong wife eh?





Aren't they all? .....

Quick Quiz ...... What's bigamy? ......................................................................... one wife too many ......



Next question,

What's monogamy? .................................................................... Same thing







oops


That's a bad echo you have there .... are you having it seen to?

SandS
VIC, 5904 posts
6 Jan 2015 9:24PM
Thumbs Up


Front , don't be such a stick in the mud !


There are so many yachts out there requiring an enthusiastic new owner !!! Why start a thread encouraging people to deny a boats chance to be rejuvenated and live to sail again ?


What else are people going to do with their hard earned ? Buy a new euro car , build a 80 square house in a housing estate 40 miles from the CBD that they will grow to loath ?


There are yachts on moorings and marinas all over the world needing new owners !

These new owners need not be wealthy ! Just passionate about preserving the life of an old faithful yacht !!!!!


Work people,................... then spend and work some more ............on your faithful yacht. And then sail her ............


Franrick
289 posts
6 Jan 2015 6:30PM
Thumbs Up

Frant,

I think the topic heading should read, So you want to own a boat, then another boat, then another boat, then another boat.

frant
VIC, 1230 posts
6 Jan 2015 9:51PM
Thumbs Up

Select to expand quote
SandS said..

Front , don't be such a stick in the mud !


There are so many yachts out there requiring an enthusiastic new owner !!! Why start a thread encouraging people to deny a boats chance to be rejuvenated and live to sail again ?


What else are people going to do with their hard earned ? Buy a new euro car , build a 80 square house in a housing estate 40 miles from the CBD that they will grow to loath ?


There are yachts on moorings and marinas all over the world needing new owners !

These new owners need not be wealthy ! Just passionate about preserving the life of an old faithful yacht !!!!!


Work people,................... then spend and work some more ............on your faithful yacht. And then sail her ............




I think that is what I said about the difference between a dreamer and doer. I didn't say anything about what you can afford or about the quantum of 1, 2 or 3. But at the end of the day you are a dreamer until you put up the cash.

Crusoe
QLD, 1197 posts
6 Jan 2015 9:06PM
Thumbs Up

Select to expand quote
frant said..
Thought that I would avoid hijacking any existing threads. And thought that I might take a risk of as being thought of as being a bit harsh to dreamers.
Question is? So you want to buy a boat.
Your decision will ultimately end up answering 3 questions.
1/ How much cold hard cash can you front up with????
2/ How much cold hard cash can you continue to fork out along the way?????
3/ How much cold hard cash can you afford to drop at the end of the day??????

Within those 3 constraints there is a boat for everybody, the biggest difficulty is marrying 1, 2 and 3 with your dreams.


For some reason I had the impression that most of the people who posted on the forum were existing boat owners or have been and are are well aware of the circle of boat ownership. I hope your not as clinical when it come to romance.

frant
VIC, 1230 posts
6 Jan 2015 10:07PM
Thumbs Up

Select to expand quote
Franrick said..
Frant,

I think the topic heading should read, So you want to own a boat, then another boat, then another boat, then another boat.


Hands up all those who love their current boat, their ex boats and will love their future boats.
Now hands up those who don't love their ex wife, don't have a current wife and won't have a future wife. I bet that most who put their hand up for one could keep their hand up for two.

SandS
VIC, 5904 posts
6 Jan 2015 10:21PM
Thumbs Up

Select to expand quote
frant said..

SandS said..

Front , don't be such a stick in the mud !


There are so many yachts out there requiring an enthusiastic new owner !!! Why start a thread encouraging people to deny a boats chance to be rejuvenated and live to sail again ?


What else are people going to do with their hard earned ? Buy a new euro car , build a 80 square house in a housing estate 40 miles from the CBD that they will grow to loath ?


There are yachts on moorings and marinas all over the world needing new owners !

These new owners need not be wealthy ! Just passionate about preserving the life of an old faithful yacht !!!!!


Work people,................... then spend and work some more ............on your faithful yacht. And then sail her ............





I think that is what I said about the difference between a dreamer and doer. I didn't say anything about what you can afford or about the quantum of 1, 2 or 3. But at the end of the day you are a dreamer until you put up the cash.




Frant !!! yes you did !

Your decision will ultimately end up answering 3 questions. 1/ How much cold hard cash can you front up with???? 2/ How much cold hard cash can you continue to fork out along the way????? 3/ How much cold hard cash can you afford to drop at the end of the day?????






and!!!!! ............ Front............. some people dream before they do !!!


bye.....................

oldboyracer
NSW, 292 posts
6 Jan 2015 10:22PM
Thumbs Up

I'm a doer not a dreamer any more , I live on my boat . What it is doesn't matter , number 1 . What I could afford . Number 2 . Break it down and do the important stuff first and do every thing you can yourself , shop around if you can't do it yourself . A pleasant day or two sailing down the coast might save you lots of cash . Number 3. All of it , I wanted a boat . It's like buying a car keep it long enough and it won't owe you anything . The pleasure of sailing your boat that you fixed yourself to a sea worthy condition and the challenges you over came getting there are worth every dollar you put in . My parents always told me go chase your dreams before your to old and comfortable in mundane life . I was 50 before I took that advice , wish I had of done it sooner

Propwalk
91 posts
6 Jan 2015 7:24PM
Thumbs Up

My boat is a cavalier 32, I spend a lot of time and money on it, but it brings me a lot of joy and satisfaction.

Tomorrow it will be a better boat with the work I'm doing on it.

My mate doesn't have a boat but he just bought a race horse which cost big money, he reckons he'll make the purchase price back
within a year when it starts winning, the thing hasn't run yet but when it does it'll be a champion!!

Franrick
289 posts
6 Jan 2015 8:51PM
Thumbs Up

Select to expand quote
frant said..


Franrick said..
Frant,

I think the topic heading should read, So you want to own a boat, then another boat, then another boat, then another boat.




Hands up all those who love their current boat, their ex boats and will love their future boats.
Now hands up those who don't love their ex wife, don't have a current wife and won't have a future wife. I bet that most who put their hand up for one could keep their hand up for two.



Gee Frant. I loved all of my boats right back to my first tin canoe and then my skiffs and now my current boat and what ever was in the middle of the mix.

I can't comment on the old, current and future wives thing because I'm still on my original one.

Wives and boats have a lot in common. Keep them maintained, treat them with the respect they deserve, dress them up occasionally and take them on a trip to distant locations just for the fun of it.

Works for me.

McNaughtical
NSW, 908 posts
6 Jan 2015 11:52PM
Thumbs Up

Select to expand quote
oldboyracer said..
I'm a doer not a dreamer any more , I live on my boat . What it is doesn't matter , number 1 . What I could afford . Number 2 . Break it down and do the important stuff first and do every thing you can yourself , shop around if you can't do it yourself . A pleasant day or two sailing down the coast might save you lots of cash . Number 3. All of it , I wanted a boat . It's like buying a car keep it long enough and it won't owe you anything . The pleasure of sailing your boat that you fixed yourself to a sea worthy condition and the challenges you over came getting there are worth every dollar you put in . My parents always told me go chase your dreams before your to old and comfortable in mundane life . I was 50 before I took that advice , wish I had of done it sooner


Love it Old Boy

cisco
QLD, 12361 posts
7 Jan 2015 1:12AM
Thumbs Up

Select to expand quote
frant said..
Thought that I would avoid hijacking any existing threads. And thought that I might take a risk of as being thought of as being a bit harsh to dreamers.
Question is? So you want to buy a boat.
Your decision will ultimately end up answering 3 questions.
1/ How much cold hard cash can you front up with????
2/ How much cold hard cash can you continue to fork out along the way?????
3/ How much cold hard cash can you afford to drop at the end of the day??????

Within those 3 constraints there is a boat for everybody, the biggest difficulty is marrying 1, 2 and 3 with your dreams.


You are on the money frant (pardon the pun), it does all come down to cash.

Cash is not "cold and hard", it is warm and soft and the colour of it goes with just about anything you are wearing.

1/ How much cold hard cash can you front up with????

I follow the 10% rule which is "Never let your boat/boats represent more than 10% of your nett worth." So a $30,000 yacht against a $350,000 house fits.

2/ How much cold hard cash can you continue to fork out along the way?????

That is a budgetary thing which has to be managed. Most people spend way too much money on boat storage and way too little on the boat itself. If one applied the 10% rule again, $5,000 out of a $50,000 a year income would probably be a bit light on but I think do able. That figure is a sixth of the value of a $30,000 yacht though. So after 6 years where would one's thinking be????

3/ How much cold hard cash can you afford to drop at the end of the day??????

Afford
is the key word in this question. I believe if you have followed the 10% rule at the start, you can afford to drop the lot. I have done this with my last boat and in 7 years never even got it in the water. It was a total disaster in every way but because I had followed the 10% rule I was able to afford that and go again and buy another yacht.

Another way of looking at it is if you bought a $30,000 yacht, spent $5,000 a year on it over 6 years, did you get $10,000 a years worth of enjoyment out of it??

Compared to buying a car for $30,000 and owning it for 6 years, I think the yacht is a better deal.




southace
SA, 4794 posts
7 Jan 2015 6:27AM
Thumbs Up

I'm not even going to comment on this thread! Whoops I just did!
Gone sailing bye!



SandS
VIC, 5904 posts
7 Jan 2015 7:33AM
Thumbs Up

Select to expand quote
southace said..
I'm not even going to comment on this thread! Whoops I just did!
Gone sailing bye!







South Ace , your a fortunate fellow !! so are a pair of self tailers are in your new girls future ?

Franrick
289 posts
7 Jan 2015 5:10AM
Thumbs Up

Southace, I'm a bit like you.
I am heading back to NSW tomorrow and as of Sunday I will be "Gone Sailing"too.

HG02
VIC, 5814 posts
7 Jan 2015 9:46AM
Thumbs Up

Enjoy South ace

Bananabender
QLD, 1610 posts
7 Jan 2015 9:00AM
Thumbs Up

Back in the roaring 80's I could not make up my mind whether to buy a Porsche or a Ferrari so I went to a dealer of luxury cars who I knew and he said iyou buy Porsche with your head and a Ferrari with your heart.With a porsche running costs much lower and I actually sold 3 of the 4 Porsches for more than I paid.
With boats the same principle should apply (IMO) once you have determined how much you can spend buy a boat that needs nothing or very little doing to it for the medium term , even if a few feet shorter. Wish I remembered this when I bought the bounty to race but hey to sail a boat around the world or race it to Hobart is the dream we all end up with and surely new engine or sails etc.etc. wont cost that much and family will be fine rowing out to mooring because I can't afford that 15 metre pen.

McNaughtical
NSW, 908 posts
7 Jan 2015 10:14AM
Thumbs Up

Good points to consider Cisco. I'm a little perturbed by the negative sentiments towards the female species. Seems this mermaid might be sailing solo and the crusty old sailors might be doing the same for a wile to come.

Sectorsteve
QLD, 2195 posts
7 Jan 2015 9:38AM
Thumbs Up

1) went for something really cheap I could afford, sleeps 4 toilet cooker, great motor great to sail, required some work on purchase anti foul etc, did myself as a result of years working in no shipyard.
2) costs are really low - especially considering the use I get out of my boat. She gets used at least every other day. 22 foot, been down broken bay to syd where she now lives and a 2 day trip down to port hacks. The joys far outweigh the costs and in fact this boat saves me money, in that once I'm on her and she's stocked I can go away on her for 10 days and not spend a cent.
3) every cent. The fun and time spent are all worth it. What's not worth it are the hub boats that sit, dont get used and deteriorate. This boat say for 3 years with being used while the old wonder paid 250 a month mooring fees. A coste 4 times higher than the boat.



Subscribe
Reply

Forums > Sailing General


"So you want to own a boat?" started by frant