Quote:
Originally Posted by greatscott152
Right now our housing allowance for Honolulu is $2600 and with a boat payment of around $500-700, insurance, and a $600 slip/liveaboard fee, I'll be easily able to save into a separate boat fund for repairs, maintenance, and to maintain payments If I am unable to sell immediately upon leaving.
It seems that trawlers in general come up and sell relatively fast here and if I had a liveaboard slip to rent out or transfer in the sale, its that much more marketable. Right now I'm just burning $2000+ a month into rent and getting no return whatsoever, so even selling the boat at a large 'loss' at the end of five years would be no different than if I had been paying someone else's mortgage via rent.
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Thanks for your service, Scott.
Consider that you're not spending your time doing any maintenance at the place you currently rent. From your pics, the boat looks like a "maintenance every day" proposition, much of that maybe being about identifying/fixing incessant source of leaks and some about all that electrical spider web... and then there's all the other issues that come with a boat, even a new boat. I doubt you'd ever get it completely dry, and mold is a bad thing.
IOW, my guess is that boat will cost you more than you're paying now, either in money (if/when you have to hire somebody) or time, or both.
But then I'd suspect many boats would fall into that category, not just that one.
-Chris