Quote:
Originally Posted by john70t
^This. A purchase is a one-time deal. If it flies, floats, do some research.
Some daily amenities and features such as runabout size and crane might eventually be determinants for whether to continue another year in the same craft. Insurance, docking fees etc all add up over the years. Accidents and thefts can occur at the worst times. How much of a new place can you see without renting vehicles all the time (frequent flier miles).
What will the mid-level boating market be when eventually deciding to sell? It's a fantastic idea which I share but a spinning top always finds a place. What if you want to go full ocean sailing instead of perusing the foreign dock lizard market with other expats? What if a family or personal situation permanently requires your proximity elsewhere? What will be your income in the meantime? Will you get withdrawals from being away from the automotive scene and city luxuries such as chinese delivery within thirty minutes?
|
These are all great questions and I've considered a lot of them. We would definitely do some real rent before you buy.
This isn't some romanticized notion in my head - but somethign I've wanted to do since I was 15 years old. I've been saving for this for decades and now have the end in sight. It will be our winter home for a time. How long would depend on how it goes.
The wife and I don't spend on luxuries - we spend on life experiences.
We're no strangers to adventure (good and bad) and adversity. Income? Income is in the retirement fund and this is budgeted for the purchase, plus fees, plus 10-20% of cost in annual maintenance.