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Subject: RE: [world-cruising] Thank you everyone...
From: Rick H Kennerly (rick@XXX.XXX)
Date: Sat Apr 05 2003 - 15:15:57 EST
You'll get a lot more bang for your buck with a used sailboat (yacht is
fine) than with a new boat (power or sail). Generally, it costs another 25%
or more of the purchase price to outfit a new boat (things that are already
aboard most used boats). Even if you never learn to sail, in your price
range you probably want a sailboat.
The up front price of quality liveaboard powerboats--like tugs &
trawlers--is just sky high right now and promises to continue to remain so
for the foreseeable future as more aging sailors gravitate to power and more
non-boating baby boomers who are unfamiliar with sail retire to the water.
In fact, there are a lot of folks who never sail but cruise their liveaboard
sailboat under power up and down the ICW all the time.
You can certainly live on that amount, but by most estimations it's near the
bottom limit for even the most frugal couples (although it doesn't have to
be an all or nothing proposition and an awful lot of folks cruise part-time,
working for a month to half a year in between to make the retirement income
go further). You can also make that amount of money last in two ways:
1. avoid expensive marinas and anchor out and then dinghy in as much as
possible. Learn to maintain your boat yourself and when you have to haul,
do it in do-it-yourself yards. Eat aboard a lot. Stay healthy. The more
expensive the doodads on the boat, the more expensive the boat is to
maintain. Keep your boat and your needs simple.
2. don't spend all of your ready capital on a boat. If you shop carefully
and are patient, you can buy a smaller (30-37 ft), older but well equipped
boat for about half of what you've got and then invest the rest. This will
give you a cushion to fall back on in hard times or for repairs as well as
splurges now and then. After all, some brilliant guy once said, "A small
boat and a suitcase full of money beats a big boat tied to the Bank."
I'm no financial planner type, but those who are will likely start talking
about opportunity costs and what you could do with the $100k if you got a
fairly low interest boat loan, but with the economy in the shape it is in
and rates of return being what they are right now, I'd suggest outright
purchase on a modest scale, given your plans and prospects.
Once you're ready, I'm sure the list will be glad to suggest makes and
models of boats in appropriate size and price ranges. We love spending
other people's money.
Given what I know now, I'd suggest that you lean into the Lin & Larry
Pardey, Don Casey and Daniel Spurr books first. You may also want to
purchase your own copy of Chapman Piloting: Seamanship & Boat Handling. It
will give you a crash course in virtually everything you need to know to
begin. It's not as exciting as some seafearing stories, but it's very
practical.
Rick NH2F
Westsail 32 Xapic
Cabo San Juan, Puerto Rico
www.mouseherder.com/xapic/sleep.html
www.westsail.org
Sail like a Kiwi
Anchor like a Canadian
Live like a Texan
.:.
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