Time for a change of tack.
I’ve been bitten by the sailing bug and looking for a boat for a bit over a year. My intention was to try for a “forever” boat with a high level of gear
and be fairly aggressive with my offer pricing, it's a buyer's market don't you know.
This is not working on a number of fronts.
This is a very high energy level activity due to my geography. I am nowhere near any big water
, it is a 4 hour round trip to the nearest piece of Lake Ontario
, or 6 or 7 hours to Toronto area. Those of you in the Chesapeake, Florida
, or California
areas have a huge advantage in boat shopping
. For me, the endless driving is getting tiresome, and expensive. Side bar: Of coarse I have a big advantage in slip and storage
costs due to the low population and weak economics of my closest bit of L. Ontario
, but I need a boat to take advantage.
I am analytical. My first pass at things is the written word, and any diagrams and pictures that go along with words. So there is this ongoing tension between my endless readings and study and my wife's “buy a #$%^ boat!”. So while I am quite happy with my knowledge development over the past year, and my confidence in selecting a suitable forever boat grows daily, I find I have run out of time. I know, I know, many hear say it takes 2 or 3 years to find the “one”, but this impresses not my wife. She knows nothing of pointing ability or tenderness or anything else of the myriad technical details, it all just reduces to “buy a boat”.
The next big issue is that most, maybe 80% of sellers want their price
, said price
was quite reasonable circa 2007. It matters not that most of them will hold on for 5 years, get their price and then have spent 5 year’s worth of costs waiting for their price. Or they will finally cry uncle and take what some dumb bugger like myself offered 5 years prior. Or their estate will get the privilege
. Just yesterday I was corresponding with someone about a particular pair of boats and he said they both had been on the market for at least 2.5 years with no movement on asking price. I think this state of affairs is a corollary of people’s tendency to buy high and sell low in the stock market. They would in all probability be better off selling their boats now at whatever price they can get, and investing the money
in safe blue chip shares yielding 3-5% PA. But what do I know, my net dividend income
is only 30% higher than 2007.
So the new plan is to buy some 30 footer to get started. Likely an Alberg 30
. Whatever old Alberg
I can scrape up with a decent diesel engine
, because let’s face it, most of these boats are selling for about half the cost of repowering. So rule
1 has to be under no circumstances buy a 30 foot boat that will need a new engine
within 10 years. Needing a new engine in a boat this size renders its value at best zero, and perhaps less than zero as you are still paying marina fees
. I think then guy in London with his engineless Bristol 29 is starting to realize this - current
So I’ll get my 30 footer to putter in and on and wait. Wait for just the right forever boat to show up at the right price, with the right geography. In the mean time my wife is happy because she has a boat. I’m reasonably happy because she is happy.
Or I could sail the boat to better hunting grounds to improve my odds, yet have a place to stay that doesn’t cost $150/night for a whole summer. A mobile base of operations to support the mission. Not clear what to do with an extra 30 foot boat I can't sell while I am in a foreign country, but I'd cross that bridge when I come to it.
If it comes to it, when I’m done with it, I’ll truck my 30 footer home and bury it for the guest cabin
, or a really cool fort for the local kids
, as already mentioned, I likely won’t be able to sell it.
I’ll keep the backhoe attachment for the tractor, I may need it in the future.