okeys.... just a short feedback from a lurker.
, smoking, heated up after I read all the pages. - Not, that I am too stupid for simple math. Its just... I am a creative person (by profession), and I do not care a sh*** about money. I just know, what my work is worth. Thats it... but never though about financing, instead I was professional skipper
in the 90th I had customers = potential owners whom I serviced to find the right boat. But financing was not part of my services.
Interesting to learn that you have lenders and brokers in USA for this kind of "business". We dont know this in Europe
so far I am oriented about the financial market in "good old Europe".
The situation now is different compared to the 90th. I got my sailing virus back, after more than 10 years land based living (and probably suffering). I can't recharge my batteries, even standing "hours" under the shower
to get the smoothing sound of water
in my ears, symbolically spoken.
So its time to go back onto the water
... to where I belong.
I never wanted an own boat, as I skippered many different boats of different sizes for (private) owners, charter
agencies, sailing schools etc. ...
But... there is always a but. The reason behind my antipathy: I never wanted a boat, as I even did maintenance
for owner's boats... lots of work and I have seen that a boat can be a huge empty barrel you endless can fill with money which always disappears, never comes back and this barrel keeps always hungry for more.
But as said... there is always a but to change one's mind. Meanwhile I get angry to see that the apartment owner I am paying a huge rent monthly, spends as pensionist 2-3 months summer holiday in France
having a leasure time... and after a detailled analysis of the rent market I had to recognize last month that I pay heavily overprized (at least 26%). This has to stop and find an end soon. I am not that guy who likes to make others rich.
So actually I am searching for my boat... and it looks like that I found some different options.
With my old thinking before reading this thread I had in mind: Not a new one... as the prize loss is extremely. Nowadays the market is down and one can get excellent boats cheaply.
And I thought: Better to pay the boat "cash" out of own pocket... staying independently... as I hate banks (looking back to all the financial crisis since 2008 I call most of these employees "corruptive thiefs").
But there is always a but.... as I switched from marketing
consulting 10 years ago into a new job (the creative one) I can work "as creative person" on my boat (mainly brain work). I just need a computer, small file server, printer and Internet
connection (e.g. via LTE/Wifi). Times have chanced, and all the IT technology is available by miniaturization / digitalization. What lucky man I am. So these days it looks very different compared to 10 years ago.
My own boat shall not just be for leasure time... for recharging my own batteries. Living on my boat (which I know how it is as I did it as professional skipper) means: I need to work maximum 50% of the month to earn the income
for living, to cover the running costs... and as I have analysed via Essex
, it seems even possible with this investment of time to pay the monthly interest rates (incl. redemption) with 30% own contribution.... at the size of what I pay actually as rent. Not too bad this deal.
So tks to all the input, folks... was like a "brain wash" or at least.... knocking on my lazy brain cells to get a different perspective.
I suppose next days I will have some specific questions... if you dont mind, I come in again or send a PM to some of you guys who seem having a good living by managing money as a tool.
Last an important aspect: I am Non American... settled in Europe
. We don't have financing of "living on boats". Not yachts... only I know it from Netherlands
(where it is typical to live on a house boat / floating home / bark) and for this country it is very urgent to live on the water in closer future because of climate change. Otherwise Dutch people get drowned. The only bank there is ING
lending credit programmes for floating home owners.
For today... enough writing ! Tks to all again...