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Old 31-10-2013, 05:41   #46
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Re: Live on catamaran cheaper than rent apartment?

What we used to do in Manhattan years ago is get together with other compatible singles and rent a fabulous 4 bedroom apt and split the cost.
Paid 50c on the dollar for a great place to live.
Trying to save money by living on a boat is ridiculous.
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Old 31-10-2013, 08:36   #47
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Re: Live on catamaran cheaper than rent apartment?

My strategy is buy a home outside of the overpriced bay area, live on sailboat 3x a week and home on rest of time. I can afford both this way.
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Old 31-10-2013, 08:48   #48
smj
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Originally Posted by lorenzo b View Post
What we used to do in Manhattan years ago is get together with other compatible singles and rent a fabulous 4 bedroom apt and split the cost. Paid 50c on the dollar for a great place to live. Trying to save money by living on a boat is ridiculous.
I think it depends where you keep your boat. There's no way I could rent an apartment for any less than what it would cost to live on a boat in Galveston Tx.
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Old 01-11-2013, 07:26   #49
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Re: Live on catamaran cheaper than rent apartment?

If you're talking about 3X a week, all the more reason to share a space.
If you buy a piece of crap boat, you still have to pay for a slip and live on a piece of crap boat. If you buy a nice boat, it will cost a bomb, will depreciate, will cost you 10% a year to maintain if you ever hope to sell it, and still cost you for a slip.
Why not make a friend with a boat and offer to mind it and maybe do some work on it in exchange for staying on it a few nights a week?
If you want a sound investment, stick with real estate. Boating is for those of us that have already made what we need and want to live in a remote corner of Panama as far from Mountain View as possible.
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