okeys.... just a short feedback from a lurker.
My
head is
cooking, 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...