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Satisfy the urge without the splurge
On Feb 13, 11:17 am, Charlie Morgan wrote:
On 13 Feb 2007 10:36:06 -0800, "Frogwatch" wrote: OK, we see that the "Dream" of cruising isnt too realistic, so, is there a solution? A solution that allows people to go for awhile without cutting ties to their lives? A solution that allows people to keep theri homes ashore etc in case the boat thing doesnt work out? It seems to me that there are a lot of old boats out there and a lot are in reasonable condition to coastal cruise. How about a cruising coop that fixes em up just enough to be somewhat spartan cruising boats, leases em long term to members with lease payments going into an option to buy. For myself, I'd really like to sail my boat over to the bahamas but from here in N. Fl it is a long way there and I've done that crossing to Sarasota too many times. Sure wish I could find someone reliable to sail her to Ft Myers and he could cruise her around Pine ISland Sound or even to the Keys. I'd pick her up there and go on. Trouble is, who is reliable enough? Who would agree to my spartan accomodations? I've heard countless stories that are prefaced with: So we sold our house and everything we owned to buy a boat and go cruising. That's the poorest plan I've ever heard. For those who are math impaired, let me simplify. NEVER sell an appreciating asset to purchase a depreciating asset. If the percentyage of people who go cruising is tiny, then the number who cruise for the remainder of their lives is miniscule. Keep the house and rent it out. Hire a management company to manage it. If you do it right, you may even have an additional income stream while cruising. The best part is that when you are done cruising, whether in 1 week or 10 years, you aren't homeless, even though real estate prices may have quadrupled in your absence. CWM- Hide quoted text - - Show quoted text - Extreme words of wisdom! |
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