"Wayne.B" wrote in message
...
On Wed, 14 Apr 2010 16:41:46 -0700, "nom=de=plume"
wrote:

Well, that certainly seems right. It would only be the two of us in the
"real" partnership. And, even that would be pretty well spelled out, at
least as far as money goes. I can't imagine wanting to sail it by myself
(and I doubt he's interested in that). I suppose he could take the boat
out
with friends, but I have no problem with that.

My advice? Be very, very careful. I have seen quite a few boat
partnerships over the years and most have ended badly, some very badly
with years of legal disputes to unwind and broken friendships.

Almost everyone under estimates the total cost of ownership. It can
be really staggering at times, and it never stops. You have truly
got to love boats, and have quite a bit of disposable income to get
serious about owning part of a large boat. No two people ever seem to
agree on what expenses are necessary, what maintenance must be done,
or what equipment needs to be purchased. Some of those decisions are
difficult for one person to make let alone a committee.


Certainly good advice. Thanks. I'm not terribly savvy about "equipment"
requirements for long travels. I would defer to Jay. As far as the others
go, that's certainly a concern, given them not putting a lot of money up
front. I think it would get more tricky if/when they start paying for
equipment, which would have to be a group decision. I'm thinking it would be
majority rule, so if our friends, say, wanted radar, and we didn't, it would
be overruled. I'm willing to usually defer to Jay, so that would mean the
only way it could happen against his wishes would be for me to team up with
both of the other people. I think that's pretty unlikely, except perhaps
when it comes to food or wine color.

Jay and I would be using our savings both to buy the boat and to be away
(mostly) from income-producing situations. The other couple would be
spending what they can afford while we're still here, then have a free ride
(e.g., food/drink/lodging/fees) for as long as they wanted to travel with
us. I know they don't want to commit to more than 2-3 months, and I know we
want to commit to a bit longer. Another tricky part is when/if we decided to
give up the boat, how (or would) we give them some of their equipment money
back. I'm pretty easy about it, depending on how much they really want. None
of us are hurting for funds, so it would be more of a what-seems-fair vs.
need. I (and Sal) would be in learning mode for sailing and fixing, but Jay
and Brian would have to be comfortable with Jay being the skipper.

I don't really get seasick... but I've never been off shore for more than a
few hours. Sal tends to eat her way out of any unpleasant stomach issues,
and Jay/Brian claim to be rock solid. (... another good reason for me/Sal to
know what's what, since they're typically full of sh*t)

--
Nom=de=Plume