Land costs are higher than afloat costs, when you take into account other necessary extras that are critical in many areas, such as buying
and running a car.
If you don't need a car, you can pay a lot for buses, trains, and taxi's too.
Then there's the expense of the convenience factor. Eating out, buying
takeaways, cable or satellite
plans for entertainment, internet
connections funded at home instead of at wifi
How much do you spend on holidays, because you need to get away and recharge your batteries? Batteries that don't get discharged when you are living on a boat, so you don't need to get away from it?
Sometimes you need a gardener or all the equipment
, and that stacks up really fast. When did anybody last mow an anchorage, or trim the branches of the 'hedge' 20 ft down? Heck with a couple of major projects in the last 6 months of last year, the gardener element alone cost around $6,000, and the summerhouse/workshop was worth $11,000+! (I paid a lot less for a very high specification). Paving slabs, concrete bases, weed membrane, flint chippings, hiring a mini digger to knock things into shape prior to construction, was about the same as that lot too.
I haven't even bought a fruit tree yet (have you seen how much people charge for PLANTS these days?).
Obviously much depends on the size of boat you buy, how tough it is (how much wear and tear it can take), and whether you can afford to give it the TLC it deserves. If you overbuy, you won't keep up (things start going bonkers - to me anyway - over 35ft loa). That's true of property too. If you have to be hauled out every year, money
that could go on other things is no longer available. If you can't dry out for free to check and service
through hulls etc, that's another chunk of change you no longer have. I can dry out for free at my Yacht Club, among other benefits, and the annual fee is under $25, plus I can have the use of a cheap mooring
when I need it. The next YC down the estuary is a lot more expensive a year, but members get free moorings.
I went for the one in the Countryside rather than the town harbour, but only because I know what I prefer (great pub as the clubhouse too, so no contest).
I make no bones about it, I am buying a really cheap
but solid 'old school' boat. I'm not in any rush to go anywhere except to heat and salt
air, so I won't be spending $6,000+ on a racing
sail. Hopefully it won't need too much too soon after I get it, but CopperCoat is on the agenda to save on haulouts. I'll have to get some snorkeling gear
too, because within a few months I'll be able to do my own wipe downs in the water
. Standing rigging
will likely need doing. Severe Storm spec ground tackle with an all chain rode
, I reckon may pay for itself within 6 months. I'm getting a water purifier too, so I can tank up for free wherever there's running fresh water. It'll just take time to ferry
the water to the boat, but time for that, I have.
You can make anything you want to, as expensive as you like until the money
runs out. But if you work at it, the amount of expense you can cut, or even avoid altogether, is staggering (as giant supermarket chains all around the World are now finding to their cost, after they tried hiking their prices up once too often).
It's like stocking up with turkeys when they are at massively reduced prices for Christmas
. Do you buy one, or fill the freezer
? When there's buy one get three free, do you get 4, or do you get 40? When spirits are on offer in the run up to Christmas
, I stock dad up with enough to see him through until the discount prices start up again the following September. We'd rather pay £15 a litre (which is more than bad enough, for stuff that only costs about £0.50p to make in a small domestic still) than £24.99.
By the way, property shouldn't be an appreciating 'asset'. Just like a boat, it is a constantly deteriorating liability. Just because meaningless numbers go up, doesn't mean the value of those numbers is improving. All it really reflects, is the extent of the currency counterfeiting that is taking place in a Society.