Thank you for the legit reply. What type of boat? Speed boat? That is what I've heard from several people. The costs involved can add up pretty fast.I don’t sail. But I own a boat. And not even a large one. Boats are extremely expensive to maintain and just overall as hell in all aspects. If you are to inherit money, I would spend wisely. If you just blindly start buying sail boats and other expensive things when you don’t have a consistent large income - you are going to go broke extremely fast.
I’ve known many dumb fucks who inherited millions, won large claims from injuries resulted from car collisions - and all 5 of them went broke within 3 years and are working shit jobs now. One at Starbucks and another at 711. Only one of them didn’t go broke instantly, but from what I’ve observed he’s well on his way to insolvency.
Most people aren’t meant to have lots of money. Most people are absolutely horrible with finances. Just don’t be stupid with the money or you too will end up just like them.
Another thing to consider is that living on a boat is really gross. Unless you are already married to a hippie chick your gonna have a hard time getting a girlfriend.
If you are currently renting and not in aa position to buy a house, buying a boat and paying less than rent for the mortgage is great economic sense. Its like buying a mid range car that doubles as your apartment.You’d rather own a boat before you own a house?
With horrible financial knowledge like that - enjoy being poor for the rest of your life
If you are currently renting and not in aa position to buy a house, buying a boat and paying less than rent for the mortgage is great economic sense. Its like buying a mid range car that doubles as your apartment.
But you can sure fuck a lot of them on the boat, they don't get annoyed at having to walk to the marina bathrooms till the second time aroundAnother thing to consider is that living on a boat is really gross. Unless you are already married to a hippie chick your gonna have a hard time getting a girlfriend.
I've got a number of friends on liveaboards. It depends, but you can often pay less than you would renting, and past slip fees you are paying to own something that retains value pretty well. If you aren't in a place to put a down payment down on a house it can be a fine decision. Nevermind the fact someone might actually want to use the boat and the lifestyle will bring them satisfaction.Buying a house or apartment before a fucking sail boat always makes more financial sense. You don’t gain equity with a boat. You only LOSE money. I don’t think you realize how much of a money pit owning a boat is. Docking it alone costs a lot. I don’t think you’ve taken these factors into consideration.
Buying your first home is always the best and obvious choice you should make before buying a fucking boat or an expensive sports car. Period.
I've got a number of friends on liveaboards. It depends, but you can often pay less than you would renting, and past slip fees you are paying to own something that retains value pretty well. If you aren't in a place to put a down payment down on a house it can be a fine decision. Nevermind the fact someone might actually want to use the boat and the lifestyle will bring them satisfaction.
Sorry mate, but if a loan for 40k is all that's in the near future, buying a boat is better than giving your money to a landlord or buying a shanty in the meth part of town. When you are ready to buy that house you can sell the boat and much of what would have been lost as rent money turns into a down payment.
You still have to be smart about it, which was the advice I gave TS.
...if you are in a position to secure a home loan for a milly.I live in Vancouver BC where no detached house (no matter how old and shitty) is worth under a mil and 1 bedroom tiny 450sq ft condos are 500k plus. Value on condos here go up extremely fast and only go up. You’d be an idiot to waste your money buying a boat before a condo.
I own a 2 bedroom Sub penthouse downtown I bought a year and a half ago year for 1.4 million. It’s now worth close to 2 million. Yes it could depend on where you live, but you’d be a fucking moron to buy a boat HERE before buying a home.
...if you are in a position to secure a home loan for a milly.
Anyone here know anything about sailing?
I've always been interested in sailing. The idea has always appealed to me. Rather than own a house I'd like to eventually own my own boat. The problem is that I've only been sailing a few times and I'm not very knowledgeable about it.
Any of you sail? How did you get into it? Any recommendations? Any books related to the subject you'd suggest?
Yep, sailing is super fun and it's one of my favorite outdoors hobbies. But as others have said, it's expensive and time consuming to own and maintain a boat. So I belong to a sailing club and get to sail on a regular basis. I much prefer sailing small boats that can be operated by one person - a dinghy. I have no interest in living on a boat long term though.
How is the learning curve? Having never sailed I’m curious about the process....also navigating...