RE: Charting Boating Costs
It's all about being realistic, but without freaking out. Like Marin, I bought an oldie but goodie, which was basically sound, but tired, and needed work. I was able to purchase therefore with cash, but in the knowledge I would spend quite a bit of time and money on her doing her up. Now you may find this hard to believe, but a recent valuation has her now at twice what I paid for her. True. In our market here is Aus, one of these CHBs in good shape is regarded like an old but well maintained Queenslander house - a bit of a classic, and always sells and holds value well. I knew that when I went looking. However, I've got to get my fun out of her before I retire, because I had to use some super to buy her, and realistically, I doubt I will be able to afford the maintenance and those unexpected repair bills when no longer earning. That's the way the cookie crumbles I guess. A bit frustrating, as when one retires is the time in life when yah got the time....right? 'course I might win lotto - you never know. But I'm not holding my breath, and trying to get the most out of her while I can.
Hey Gonzo, that's one nice looking boat you have there. What design is it? If I was able to up-size, a sundecker with nice big aft cabin AND a decent outdoor covered living area instead of cockpit, is one way I could be tempted to go.