Originally Posted by markpierce
I pay property tax on my home as well as on the boat and its rented berth. My boat's property tax would be greater than on my house if the boat was located in my residential county. Presently, the tax amounts are about equal.
Home association fees
are about one-third more the boat's berthage.
Maintenance for the boat is many times more than my home (most maintenance is covered by the association fees).
It all depends on your particular situation.
Ah, but your power boat
has a big diesel
that takes $$$ to maintain. Gee an oil change
for me is $10, including filter and 1/2 gallon of rotilla. A small older sailboat with a small diesel
is pretty inexpensive to own, compared to a house or condo.
Its not just the house or condo costs it's all the utilities, (power, phone
cable), yard care, trash, etc. Having owned both, I'll take a boat any day.