"Harry Krause" wrote in message
...
On 1/10/2007 3:36 PM, Wayne.B wrote:
On Wed, 10 Jan 2007 15:09:40 -0500, Harry Krause
wrote:

For around $150,000, you can buy a nice, modern, small house on acreage
in Costa Rica, farm coffee (or lease the land out), and be within
spitting distance of fabulous fishing, and without spending a fortune on
a boat. I have a retired friend down there who did that three years ago.

What do you do when they decide to kick the gringos out or tax them to
death?



There are no guarantees anywhere. Costa Rica is a stable country, with a
well-educated population, NO standing army on which to waste its
resources, and good social services.

No army? Without the implied protection of the U.S. and others, how long do
you figure it would remain "stable" in that volatile area of the world?

I find it fascinating that a country that borders on two of the region's
most volatile and militaristic countries is able to remain independent
without some military junta coming in and annexing it.

"Wayne.B" wrote in message
...
On Wed, 10 Jan 2007 16:54:55 GMT, Short Wave Sportfishing
wrote:

I have never paid for a boat with a loan.

It's a losing proposition

Not necessarily so.

If you can "rent" money for a bit over 5% (and deduct the rent), while
at the same time making 9 to 12% on other investments, where is the
losing proposition?


Even if you "rent" the money for the same amount that you can earn on
investments, you're ahead because of the tax deduction.

"Wayne.B" wrote in message
...
On Wed, 10 Jan 2007 16:54:55 GMT, Short Wave Sportfishing
wrote:

It's a losing proposition and I find that $24,000, half of what the
average American earns in a year, outrageous.

Perhaps, but my expenses on the GB are even higher. I think it's safe
to say that the average American does not own a boat worth well into 6
figures. In our case we view it as a second home.


Could have sworn that you were one of the 'elitist professional boaters' in
here. that is... one who makes his living boating (charter fishing).

On Wed, 10 Jan 2007 22:26:34 GMT, "NOYB" wrote:

Even if you "rent" the money for the same amount that you can earn on
investments, you're ahead because of the tax deduction.

That's true if your investment earnings are taxed at a lower rate or
taxes are deferred into the future. At some point the Alternative
Minimum Tax enters into the calculation also, but that's messy to
figure out.

Harry Krause wrote:
On 1/10/2007 5:25 PM, NOYB wrote:
"Harry Krause" wrote in message
...
On 1/10/2007 3:36 PM, Wayne.B wrote:
On Wed, 10 Jan 2007 15:09:40 -0500, Harry Krause
wrote:

For around $150,000, you can buy a nice, modern, small house on
acreage in Costa Rica, farm coffee (or lease the land out), and be
within spitting distance of fabulous fishing, and without spending
a fortune on a boat. I have a retired friend down there who did
that three years ago.
What do you do when they decide to kick the gringos out or tax them to
death?


There are no guarantees anywhere. Costa Rica is a stable country,
with a well-educated population, NO standing army on which to waste
its resources, and good social services.

No army? Without the implied protection of the U.S. and others, how
long do you figure it would remain "stable" in that volatile area of
the world?

I find it fascinating that a country that borders on two of the
region's most volatile and militaristic countries is able to remain
independent without some military junta coming in and annexing it.


That's correct. Costa Rica has no standing army. It does have a small
force to protect its borders. The country is the most stable south of
the border. Land is widely held. There's an economy. Everyone has health
care. You know...that kinda stuff. Which is not to say there are no
problems. But it isn't a country boiling over from internal unrest.

Are the workers unionized?

Harry Krause wrote:

On 1/10/2007 10:33 AM, NOYB wrote:

"Chuck Gould" wrote in message
oups.com...

When the industry posits each
vessel as something that will convey the aura of being among the
privileged elite, it's no wonder that pretty soon people are unwilling
to consider boating as a family pastime because it appears to be far
too expensive.


It is far too expensive. I figure that it costs me $2000/month to own
my boat (loan, insurance, maintenance, and fuel). And that's before
depreciation...and excluding any major repairs.

Add in the additional cost to have a home on the water to keep the
boat at (or for those not on the water, dry storage which can run
$500/month), and the cost of ownership is off the charts.

But I look at it this way...
I don't gamble. I don't golf anymore. I have no real vices (except
for the internet). Every weekend, I go out on the boat and have a
mini-vacation with the family. To me, it's worth every penny.



When I was a kid, I fished in Long Island Sound with mostly 12' or 14'
open rowboats with small outboards, 3 hp to 7-1/2 hp. Caught lots of
fish of all kinds, including some big stripers. Sometimes I think that
is really the way to do it.

How's the inshore and nearshore fishing in your area? Maybe you don't
need a big, two-outboard gas guzzler.



The good news is that imaginary lobster boats don't consume any fuel.

--
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Harry Krause wrote:

On 1/10/2007 11:54 AM, Short Wave Sportfishing wrote:

On 10 Jan 2007 08:31:36 -0800, "Chuck Gould"
wrote:

Short Wave Sportfishing wrote:

Is that over a year?

Couldn't be...

I don't think that $2000 is an unusual monthly expense for a guy who
lives where he can go offshore fishing every weekend *and* is including
his boat loan in the total. It doesn't take all that much boat to
require a monthly boat payment of 4 figures these days.


I have never paid for a boat with a loan.

It's a losing proposition and I find that $24,000, half of what the
average American earns in a year, outrageous.

That's why I asked the question.




A four figure boat loan?

Insanity.

Imaginary lobster boats are very, very, cheap with no troublesome loans
required. Do you play air guitar?

--
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Harry Krause wrote:

On 1/10/2007 2:50 PM, Short Wave Sportfishing wrote:

On Wed, 10 Jan 2007 12:48:25 -0500, Wayne.B
wrote:

On Wed, 10 Jan 2007 16:54:55 GMT, Short Wave Sportfishing
wrote:

It's a losing proposition and I find that $24,000, half of what the
average American earns in a year, outrageous.

Perhaps, but my expenses on the GB are even higher. I think it's safe
to say that the average American does not own a boat worth well into 6
figures. In our case we view it as a second home.


It's good we're having this discussion - just adds more fuel to my
fire about cruising. :)



For around $150,000, you can buy a nice, modern, small house on acreage
in Costa Rica, farm coffee (or lease the land out), and be within
spitting distance of fabulous fishing, and without spending a fortune on
a boat. I have a retired friend down there who did that three years ago.

More proof the lobster boat was a wild fantasy.

--
Posted via a free Usenet account from http://www.teranews.com

"Dan" wrote in message
...
Harry Krause wrote:

On 1/10/2007 2:50 PM, Short Wave Sportfishing wrote:

On Wed, 10 Jan 2007 12:48:25 -0500, Wayne.B
wrote:

On Wed, 10 Jan 2007 16:54:55 GMT, Short Wave Sportfishing
wrote:

It's a losing proposition and I find that $24,000, half of what the
average American earns in a year, outrageous.

Perhaps, but my expenses on the GB are even higher. I think it's safe
to say that the average American does not own a boat worth well into 6
figures. In our case we view it as a second home.


It's good we're having this discussion - just adds more fuel to my
fire about cruising. :)



For around $150,000, you can buy a nice, modern, small house on acreage
in Costa Rica, farm coffee (or lease the land out), and be within
spitting distance of fabulous fishing, and without spending a fortune on
a boat. I have a retired friend down there who did that three years ago.

More proof the lobster boat was a wild fantasy.

--

Dan ... you must be the newsgroup w*ore. Now you're infatuated with Harry.
Can't you focus your attentions on one man at a time? Shame on you!

Don White wrote:

"Dan" wrote in message
...

Harry Krause wrote:


On 1/10/2007 2:50 PM, Short Wave Sportfishing wrote:


On Wed, 10 Jan 2007 12:48:25 -0500, Wayne.B
wrote:


On Wed, 10 Jan 2007 16:54:55 GMT, Short Wave Sportfishing
wrote:


It's a losing proposition and I find that $24,000, half of what the
average American earns in a year, outrageous.

Perhaps, but my expenses on the GB are even higher. I think it's safe
to say that the average American does not own a boat worth well into 6
figures. In our case we view it as a second home.


It's good we're having this discussion - just adds more fuel to my
fire about cruising. :)



For around $150,000, you can buy a nice, modern, small house on acreage
in Costa Rica, farm coffee (or lease the land out), and be within
spitting distance of fabulous fishing, and without spending a fortune on
a boat. I have a retired friend down there who did that three years ago.

More proof the lobster boat was a wild fantasy.

--


Dan ... you must be the newsgroup w*ore. Now you're infatuated with Harry.
Can't you focus your attentions on one man at a time? Shame on you!



What purpose do you serve here, Don? Humping others like a little, sad,
dog is pathetic.

--
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