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Old 06-12-2012, 18:44   #31
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Re: Is this possible or are we being unrealistic and naive?

Ummmm $50k for a house built in 2002?

Something's fishy


And it was sold in 2004 for $116,000

I know the USA is in bad times, but that bad???
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Old 06-12-2012, 20:00   #32
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Re: Is this possible or are we being unrealistic and naive?

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Ummmm $50k for a house built in 2002?
I know the USA is in bad times, but that bad???
Yes it is.
Here's 289 homes built between 2000 and 2013 for $50k and under in that immediate area.

Covington Real Estate & Covington Homes For Sale — Trulia.com
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Old 07-12-2012, 06:31   #33
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Re: Is this possible or are we being unrealistic and naive?

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We are quite homely people and live very modestly.
While you may well be homely, I think you probably meant to say that you and your wife are "homey."

(I know, it's just a typo, but it was too funny to resist. )

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We want to... spend a maximum of $190,000 on a sailing catamaran about 40' in length. This will leave us with $290,000 to live on.
No it won't. I guarantee you that you are going to find things that need to be fixed right away. And then a boat and a home are different enough that you are going to need to spend some money getting yourself and the boat squared away for living aboard full-time. I think you will be VERY lucky if you don't find at least $10k-$20k worth of expenses that you have not accounted for within the first 3-4 months.

That's another good argument for spending a bit less on the boat. If your total budget for buying the boat and setting it up for living aboard is $190k then my advice would be to spend no more than $150k on the actual boat purchase. You can get a really nice boat for that sort of money in today's market.

Good luck to you!
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Old 07-12-2012, 08:35   #34
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Re: Is this possible or are we being unrealistic and naive?

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While you may well be homely, I think you probably meant to say that you and your wife are "homey."
Yep...I remember my Dad had to tie a bone around my neck, when I was a lad, so the family dog would like me. I was that homely...
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Old 07-12-2012, 08:53   #35
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Re: Is this possible or are we being unrealistic and naive?

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While you may well be homely, I think you probably meant to say that you and your wife are "homey."
Nope, homely is correct in British English (English, as in spoken by the English living in England...). I didn't know about the alternative North American meaning until now! Damn colonials...
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Old 07-12-2012, 08:57   #36
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Nope, homely is correct in British English (English, as in spoken by the English living in England...). I didn't know about the alternative North American meaning until now! Damn colonials...
Tisn't colonial - the OED has the unattractive meaning as primary.
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Old 07-12-2012, 09:28   #37
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Re: Is this possible or are we being unrealistic and naive?

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Nope, homely is correct in British English (English, as in spoken by the English living in England...). I didn't know about the alternative North American meaning until now! Damn colonials...
Not sure anyone speaks "English". Over there they speak British, over here American. Sometimes felt like I needed an interpreter on trips to the UK.

Asked the time, was told it was half 8. I thought they meant 4 o'clock.

I was so jet lagged I couldn't tell the difference anyway.
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Old 07-12-2012, 09:42   #38
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Re: Is this possible or are we being unrealistic and naive?

If it's homely you want, get over to Yachtworld and look up the Hans Christian Christina. For $100k you can get a turn-key liveaboard with all the cruising toys (such as SSB) already installed. That adds $90k to the cruising kitty, which will take a huge strain off making it 17 years on what you've got.
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Old 07-12-2012, 10:00   #39
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Re: Is this possible or are we being unrealistic and naive?

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Tisn't colonial - the OED has the unattractive meaning as primary.
Maybe that's what he means LOL
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Old 07-12-2012, 10:19   #40
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Re: Is this possible or are we being unrealistic and naive?

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If it's homely you want, get over to Yachtworld and look up the Hans Christian Christina. For $100k you can get a turn-key liveaboard with all the cruising toys (such as SSB) already installed. That adds $90k to the cruising kitty, which will take a huge strain off making it 17 years on what you've got.
I dont see anything homely about the Christina at all.
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Old 07-12-2012, 10:33   #41
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Re: Is this possible or are we being unrealistic and naive?

Thank you all for your replies. I am feeling quite down after reading through the thread because the overwhelming consensus is that we do not have enough money to be able to do what we want to do. I cannot see us living and cruising on a monohull. Catamarans are what we know. I do not know where we go from here but it feels like our dream is broken.
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Old 07-12-2012, 10:40   #42
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Re: Is this possible or are we being unrealistic and naive?

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Thank you all for your replies. I am feeling quite down after reading through the thread because the overwhelming consensus is that we do not have enough money to be able to do what we want to do. I cannot see us living and cruising on a monohull. Catamarans are what we know. I do not know where we go from here but it feels like our dream is broken.
Bill, it's not broken at all, maybe just delayed a year or two. At the prime earning capacity in your lives with probably minimal loans, this brief setback is nothing!!! If you have your heart's set on a 40 foot cat, just recalculate after another couple of year's work, I am sure this will be all that is needed to make your dream succeed. Your current plan just has absolutely nothing in reserve.
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Old 07-12-2012, 10:43   #43
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Re: Is this possible or are we being unrealistic and naive?

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Bill, it's not broken at all, maybe just delayed a year or two. At the prime earning capacity in your lives with probably minimal loans, this brief setback is nothing!!! If you have your heart's set on a 40 foot cat, just recalculate after another couple of year's work, I am sure this will be all that is needed to make your dream succeed. Your current plan just has absolutely nothing in reserve.
What many of us have done is a variation on this theme. Sell the house, buy the boat and move aboard and then continue working for a year or two while you tweak the boat and build up the kitty simultaneously. Suddenly, you've got 10% more in the kitty, and two years fewer to finance. Now you can afford to eat out once in a while, or at least drink something other than rum.
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Old 07-12-2012, 10:45   #44
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Re: Is this possible or are we being unrealistic and naive?

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I dont see anything homely about the Christina at all.
As someone with an advanced degree from a Scottish university, I was using "homely" in its very best sense. Admittedly, the term is ambiguous.
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Old 07-12-2012, 10:46   #45
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Re: Is this possible or are we being unrealistic and naive?

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Originally Posted by Bill4 View Post
Thank you all for your replies. I am feeling quite down after reading through the thread because the overwhelming consensus is that we do not have enough money to be able to do what we want to do. I cannot see us living and cruising on a monohull. Catamarans are what we know. I do not know where we go from here but it feels like our dream is broken.
Come on, cheer up! Just get a smaller monohull. Much like cats, only heel a lot upwind which is great fun. Or just go for it! If you do run out of money, you could always just sell the cat, which would leave you with a healthy lump sum.

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Tisn't colonial - the OED has the unattractive meaning as primary.
Not my copy...

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Sometimes felt like I needed an interpreter on trips to the UK.

Asked the time, was told it was half 8. I thought they meant 4 o'clock.
Never thought of that before! Careful when going to Germany as well, halb acht would mean 7:30.
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