Charlie ,, why sell? Since I own income property ,, apartments ,, I just
move out of my house/apartment for one year ,, rent it out with a one year
lease. Get back, take the apartment back ... and there I am sitting in
front of tv. Like a never left.

Oh, one more thing ... I own and house and the boat. NO MORTGAGE.

So,, who cares about depreciation.

========================
"Charlie Morgan" wrote in message
...
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