If anyone has seen my other posts you'll know that I'm more than a bit of a NUB. Right now I'm working on getting my first real sailing experience, and despite the lack of experience I long ago concluded that a liveaboard
is the most rational approach for my future plans. I have a knack for travel, and as I move this to an international endeavor I see numerous benefits to this lifestyle (have you seen Japan's housing costs?). At the same time Iím putting away more and more every year towards the purchase
of my future livaboard.
Meanwhile, I spend a lot of my spare time searching for the boat of my dreams. Multihulls have always been the focus of my attention; I like the look, the space, the stability, and the speed that they offer. I know itís going to get some scoffs, but the look and the open space is important to me. When youíre as young as I am attracting girls is still a pretty important part of life. Taking a girl back to a tiny cabin
on a monohull
surely wonít score any points, and if itís rocking back and forth thatís doubly so.
The boat Iím most attracted to is NEEL 45 at the moment. I like triís over catís, but want the space of cat. Not the prettiest thing on the water
but the rounded look makes me think of the Enterprise so it passes.
If I can put away fifty per year that means in eleven years I could afford it at the current price
, which is a bit far out in my book. I was wondering what an expectable depreciation would be for a mid-size luxury cruiser like this would be in five years.
Before you go off about the variability, lets set some controls:
Not a charter
No issues with the hull
, or rudder
No issues with the mast
Well maintained engine
in decent condition
issues if any
So is it reasonable to expect that a boat in good condition would lose 15-25% value in five years? Iíd prefer a conservative estimate, although I will be looking for a good deal of course. Basically, if a $560k boat is still going to be $500k in five years I probably need to start looking at cheaper boats to save up for.
On the other hand, my ideal boat would be a 38í-42í tri with the NEEL style living space that merges the outriggers with the main hull
. Would it be wise to look at having a custom built instead? What have others paid for a custom semi-luxury cruiser around 40'?
As you can see Iím really in the dark here. Iím trying to create a 10 year budget
that includes buying
a boat, buying
property, and putting a sizable chunk away for my travels. In terms of my financial planning this is a huge grey spot that could turn my five year plan into a ten year plan in a heartbeat. Iím still working on getting the experience to know if a liveaboard
is really the right path for me, but Iíd like to get a realistic hold on how big this financial mountain really is.