Originally Posted by letsgetsailing3
I think you make some very good points, but you're neglecting selling fees
, carrying costs before and after your cruise
, and one or two "gotcha" upgrades or repairs
that blow your economy of scale.
If you can manage purchasing
the boat the day you're leaving on your trip, keep the money
put into it to a minimum, and sell it the day you get back, and do it without using a broker, I believe your strategy might work, though you might have to discount the boat rather substantially in order to sell it in one day.
Pay $5K in slip fees
at any point during your boat ownership
, and that money
is gone for sure. Most of the money you put into personalizing the boat and making it safe and comfortable for you is going to be gone also.
I do think cruising can be an efficient means of travel with a lot of planning and a little luck, but I also think it's very easy to overlook a lot of the costs. I also think the more typical experience may be to buy a boat at 50 or 100K, put 35K into it, and sell it for a little less than what it was purchased for.
I think in theory it's very easy to overlook some of the costs when doing this calculation.
There is also great value in being able to stay in one place long term and get to know it.
You really can't do that in hotel
rooms, primarily because of cost.
Like I said earlier. My brother has been living aboard
for 3 years and living on a steady fixed income
of $3,000 a month.
I am also pretty much a do it myselfer - brokers and so on wouldn't come into play.
And you have to make the boat fit the budget
- Not a $100k boat +35k in upgrades. A $70k boat and $30k in upgrades. BTW - $35k in upgrades for a 36-42 foot boat is massive.