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Old 04-24-2012, 08:24 PM   #21
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Originally Posted by 7tiger7 View Post
I currently live in Boston, but have been thinking of moving to Tampa ......
One of the many things you have left out of your post is your source of income. Are you retired or independently wealthy? Do you have a job that you can transfer to Florida? Will you quit your job and try to find one in FL?

You can live pretty inexpensively in central (rural) FL. You can find inexpensive homes in Tampa or St Petersburg or you can find luxury condos at high prices. Or anything in between.
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Old 04-25-2012, 02:26 AM   #22
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So I'm thinking I could sell the boat here in Boston, where there is a slightly stronger boat market, and then move Tampa and either buy a house or a large trawler and live aboard for a while...

Opinions?
A house should increase in value over time assuming we don't fall into another housing value hole. Prices are low in this area (Puget Sound) but the demand for housing has outstripped the supply so house prices are starting to reflect this. At least so say friends in the real estate business.

A boat will decrease in value over time unless it's a vintage collector boat like a Gar Wood, Hacker Craft, Chris Craft and the like. So I don't think a boat should ever be viewed as an investment. It's just a toy. Even if you live on it, it's not an investment in the sense a house or property are.

Living aboard a boat in a place that often has good deals on hurricanes does not seem a particuarly smart thing to do although I'm sure there are plenty of people who do it and enjoy it nevertheless.

How much time to you use your boat now, and how much time do you anticipate using a boat in Florida? Do you work and if so does that work tend to limit your vacation time?

How much do you like your current boat? Since selling it is something you're willing to entertain I'm guessing you're not super attached to it. The people on this forum I get the impression are attached to their boats don't seem to think it's any big deal to run them up or down to where they're going to be.

So if you're not all that attached to your boat perhaps it makes the most sense to sell it, buy a house with good resale potential in Florida and charter a boat whenever you have the time or the urge to take a cruise. If you anticipate spending more time helping your parents as time goes on, something like a boat tends to take a back seat. And while it's in the back seat, it can have a tendency to deteriorate some and cost you a bunch of money when you have the time to get back to it.

So lots and lots of variables and you're asking people who don't know a thing about you or your financial, work, retirement, etc. situation. So the bottom line is that I think you should do whatever your gut tells you is the right thing to do.. That's always worked for me when I've had major decisions to make. None of us can or should make that decision for you, or even should really be trying to "help" you with it even though it's always fun to tell someone else what we think they should be doing even though we don't have a clue what we're talking about.

PS---I'm not looking for you to give me answers to the questions I posed earlier in this post. The answers are none of my business and I'm not particularly interested anyway. I posed them because I think they are what you should be asking yourself if you haven't already. Because your answers to those and a host of other questions will --- along with what you feel in your gut---- define for you what your action should be.
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Old 04-25-2012, 05:22 PM   #23
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"A house should increase in value over time assuming we don't fall into another housing value hole. Prices are low in this area (Puget Sound) but the demand for housing has outstripped the supply so house prices are starting to reflect this. At least so say friends in the real estate business."

Except that about 61% of the public can handle owning a home and close to 70% is the home supplY.

Home prices are still falling , tho of course there could be pocket of slowing falling prices.

THE Kids look at the results of the fanny & freddy debacle and see a home as a loosing deal that ties them top a place costing the mobility to move upwards in a company, or swop employers .

Economists call a house a "wasting asset
, just like a boat.

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Old 04-26-2012, 12:02 AM   #24
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Marin - I don't always (ever? haha) agree with you on things here - but you are spot on in your post. I guess the question I should of posed is: Would I be better off selling my boat in Boston, saving the time and transportation costs to sail her down to Tampa, and then buy a smaller trawler (thinking mid-30's sedan or such) for less money. Or buy a similar boat for less money, as prices seem lower in Florida.
I do appreciate the input from everyone here - alot of you raised points I hadn't thought of.
Thanks!
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Old 04-26-2012, 12:39 AM   #25
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Originally Posted by FF View Post
"A house should increase in value over time assuming we don't fall into another housing value hole. Prices are low in this area (Puget Sound) but the demand for housing has outstripped the supply so house prices are starting to reflect this. At least so say friends in the real estate business."

Except that about 61% of the public can handle owning a home and close to 70% is the home supplY.

Home prices are still falling , tho of course there could be pocket of slowing falling prices.

THE Kids look at the results of the fanny & freddy debacle and see a home as a loosing deal that ties them top a place costing the mobility to move upwards in a company, or swop employers .

Economists call a house a "wasting asset
, just like a boat.

FF
News today on Seattle radio station was that in King County (Seattle) over 40% of homes were distressed sales, that is they were being sold for less than what was owed or already bank owned. In the neighboring counties the number was over 50%.
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Old 04-26-2012, 12:52 AM   #26
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I guess the question I should of posed is: Would I be better off selling my boat in Boston, saving the time and transportation costs to sail her down to Tampa, and then buy a smaller trawler (thinking mid-30's sedan or such) for less money."
How much do you like your current boat?
Does a cruise down the ICW sound like something you'd like to do regardless of whether you move to Florida or not?
Which will be more of a hassle--- selling your current boat or taking it down to Florida?
Is trucking your boat any sort of viable option? We trucked ours up from California---- took only three days.
Will a 30' boat meet your needs considering what you have now?
Do you like shopping for a new boat, schlepping around looking at this boat and that one, trying to find one that will work as well for you, as what you have now, negotiating prices, getting surveys, etc?
Do you want to screw around with finding moorage in Florida or coming up with temporary solutions while you work your way up a marina waiting list?
Do you want to pay whatever the going rate for moorage is in the place where you settle for a boat the size of yours?
Do you want to deal with moving the boat, hauling it, finding a hidey hole, whatever people do down there with boats when a hurricane heads their way?

Seems like these are some questions to ask and answer, too, if you haven't already.
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Old 04-26-2012, 12:58 AM   #27
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News today on Seattle radio station was that in King County (Seattle) over 40% of homes were distressed sales, that is they were being sold for less than what was owed or already bank owned. In the neighboring counties the number was over 50%.
Right, BUT...... according to friends of my wife's who are in the high end of the real estate business, while prices are low the distressed sales are the result of people buying too much house several years ago betting the value would go up and then the bottom fell out and they are now upside down with their mortgages. So the making of the situation that was reported on the radio is not something new, but is something that was set up to happen several years ago.

What's happening today, according to people we know in the full-time real estate business, is that there is an increasing shortage of housing in the Puget Sound area, particulary in the greater Seattle-Bellevue-Redmond-Woodinville-Issaquah area and the competition for houses is getting fierce. Heard a realtor on the radio today saying that while many of the houses for sale are distressed or short sales, he is now getting multiple bids on every house he lists and the potential buyers are starting to bid the prices up again. The overall market is wonderful for buyers because the prices are still much lower than they were before the crash, but the prices are starting a steady climb upwards now.
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Old 04-28-2012, 09:45 PM   #28
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1984 Marine Trader 43 LaBelle Power Boat For Sale - www.yachtworld.com

Hi Guys,
just a quick note to let you know I listed the boat, and the link is above. Thanks again for all the great input guys!
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