On Thu, 20 Jan 2011 10:29:30 -0500, "Paul@BYC"
wrote:

On 1/20/2011 6:26 AM, Wayne B wrote:
On Wed, 19 Jan 2011 12:36:21 -0500,
wrote:

But the idea of "boat partnership," well, I just don't know. There are
some boat partnerships at the club, so I'll have to ask the guys how it
works out for them.

I haven't seen too many that lasted more than a few years. The most
important section of the partnership agreement relates to how it is
terminated.

There are usually major differences of opinion on how much to spend on
the boat for both maintenance and the purchase of upgrades. This is
even more of an issue when partners are not on more or less equal
financial footing.



Good points. So far, the agreement is that my brother will pay 75% of
the selling price of the boat, we will split dockage, storage, and
routine maintenance, and if anything serious fails, like an engine or
transmission or generator, it's on his credit card. I really think he is
doing this because:

1. He wants to keep the boat in Branford. He lives in NYC. But he's here
in Branford almost every weekend from mid-May through September, so he
obviously likes the accommodations.
2. I live in Branford.
3. I take good care of my "stuff."
4. He wants to impress his weekend lady friends.

We are not on "more or less equal financial footing." He's a NYC lawyer
in a big firm and I'm an underpaid tenured college professor. :)

As long as it's understood that he's paying for the big ticket
upgrades and that you're cleaning the boat it might work out.

We've always liked Branford and the Thimbles Island area. Next to
Essex it is one of our favorites on the Connecticut side. We might be
bringing the trawler north this summer so be on the lookout for a big
old Grand Banks with a zillion antennas on it.

One of our favorite cruising stories when our kids were still very
young involves Branford. We were on our way back from the Vineyard
and pushing hard to get home before the end of my vacation. As a
result we'd been anchored out in uninspiring places for a few days
without going ashore at night. The kids were getting restless as a
result and eager to get ashore. As we headed into Branford they
spotted trees up ahead and started pointing and chanting: Park, park,
park...

On 1/20/2011 2:49 PM, Wayne B wrote:
On Thu, 20 Jan 2011 10:29:30 -0500,
wrote:

On 1/20/2011 6:26 AM, Wayne B wrote:
On Wed, 19 Jan 2011 12:36:21 -0500,
wrote:

But the idea of "boat partnership," well, I just don't know. There are
some boat partnerships at the club, so I'll have to ask the guys how it
works out for them.

I haven't seen too many that lasted more than a few years. The most
important section of the partnership agreement relates to how it is
terminated.

There are usually major differences of opinion on how much to spend on
the boat for both maintenance and the purchase of upgrades. This is
even more of an issue when partners are not on more or less equal
financial footing.



Good points. So far, the agreement is that my brother will pay 75% of
the selling price of the boat, we will split dockage, storage, and
routine maintenance, and if anything serious fails, like an engine or
transmission or generator, it's on his credit card. I really think he is
doing this because:

1. He wants to keep the boat in Branford. He lives in NYC. But he's here
in Branford almost every weekend from mid-May through September, so he
obviously likes the accommodations.
2. I live in Branford.
3. I take good care of my "stuff."
4. He wants to impress his weekend lady friends.

We are not on "more or less equal financial footing." He's a NYC lawyer
in a big firm and I'm an underpaid tenured college professor. :)

As long as it's understood that he's paying for the big ticket
upgrades and that you're cleaning the boat it might work out.

We've always liked Branford and the Thimbles Island area. Next to
Essex it is one of our favorites on the Connecticut side. We might be
bringing the trawler north this summer so be on the lookout for a big
old Grand Banks with a zillion antennas on it.

One of our favorite cruising stories when our kids were still very
young involves Branford. We were on our way back from the Vineyard
and pushing hard to get home before the end of my vacation. As a
result we'd been anchored out in uninspiring places for a few days
without going ashore at night. The kids were getting restless as a
result and eager to get ashore. As we headed into Branford they
spotted trees up ahead and started pointing and chanting: Park, park,
park...


I can see the larger Thimbles from my back porch. When they occasionally
come up for sale, they fetch millions of dollars.

Do you know Clam Island? We're closer to that one.