Comments on: $54,000 for a boat? And I can’t move it?! http://www.mightybargainhunter.com/2007/04/29/54000-for-a-boat-and-i-cant-move-it/ Helping readers to use bargains wisely since 2005 Sun, 12 Feb 2012 16:24:19 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Plus6 http://www.mightybargainhunter.com/2007/04/29/54000-for-a-boat-and-i-cant-move-it/comment-page-1/#comment-49413 Plus6 Fri, 04 May 2007 18:46:16 +0000 http://www.mightybargainhunter.com/2007/04/29/54000-for-a-boat-and-i-cant-move-it/#comment-49413 I have never understood fully the draw of owning these. The amount of maintenance involved is out of the world, and something is always in need of being fixed. I have quite a few friends that are just getting started in their mid 20s and are purchasing these. Wakeboarding is huge in my area so having the latest and greatest is a big deal. I have never understood fully the draw of owning these. The amount of maintenance involved is out of the world, and something is always in need of being fixed. I have quite a few friends that are just getting started in their mid 20s and are purchasing these. Wakeboarding is huge in my area so having the latest and greatest is a big deal.

]]> By: tinyhands http://www.mightybargainhunter.com/2007/04/29/54000-for-a-boat-and-i-cant-move-it/comment-page-1/#comment-48792 tinyhands Mon, 30 Apr 2007 20:50:33 +0000 http://www.mightybargainhunter.com/2007/04/29/54000-for-a-boat-and-i-cant-move-it/#comment-48792 VAGal took my two best boat comments. My father has owned used boats all his life. Floating death traps, but I'm sure your experience will be better. :D VAGal took my two best boat comments. My father has owned used boats all his life. Floating death traps, but I’m sure your experience will be better. :D

]]> By: mbhunter http://www.mightybargainhunter.com/2007/04/29/54000-for-a-boat-and-i-cant-move-it/comment-page-1/#comment-48737 mbhunter Mon, 30 Apr 2007 14:31:46 +0000 http://www.mightybargainhunter.com/2007/04/29/54000-for-a-boat-and-i-cant-move-it/#comment-48737 Matt -- interesting point. I've heard this as a caution against parents putting down payments on houses. (Not with you and your boat necessarily.) If the upkeep and/or payments are more than the child can handle, is it really a gift? J -- hadn't thought about living on the boat. VA Gal -- also have heard BOAT is an acronym -- Bring On Another Thousand. ;) Matt — interesting point. I’ve heard this as a caution against parents putting down payments on houses. (Not with you and your boat necessarily.) If the upkeep and/or payments are more than the child can handle, is it really a gift?

J — hadn’t thought about living on the boat.

VA Gal — also have heard BOAT is an acronym — Bring On Another Thousand. ;)

]]> By: VirginiaGal http://www.mightybargainhunter.com/2007/04/29/54000-for-a-boat-and-i-cant-move-it/comment-page-1/#comment-48732 VirginiaGal Mon, 30 Apr 2007 13:31:44 +0000 http://www.mightybargainhunter.com/2007/04/29/54000-for-a-boat-and-i-cant-move-it/#comment-48732 There is a saying that the two happiest days in relation to a boat are the day you buy it and the day you sell it. Then there is also the definition of a boat - a hole in the water into which you throw money. Another cheaper option - talk your parents, in-laws, or other close family member into buying a boat (this only works if they are within easy driving distance). It's win-win, they get to spend time with you, and you get to enjoy the boat. There is a saying that the two happiest days in relation to a boat are the day you buy it and the day you sell it. Then there is also the definition of a boat – a hole in the water into which you throw money.

Another cheaper option – talk your parents, in-laws, or other close family member into buying a boat (this only works if they are within easy driving distance). It’s win-win, they get to spend time with you, and you get to enjoy the boat.

]]> By: J http://www.mightybargainhunter.com/2007/04/29/54000-for-a-boat-and-i-cant-move-it/comment-page-1/#comment-48709 J Mon, 30 Apr 2007 10:41:00 +0000 http://www.mightybargainhunter.com/2007/04/29/54000-for-a-boat-and-i-cant-move-it/#comment-48709 Actually, boat ownership starts making sense if you are a live-aboard. For a single person, you can go to any decent marina and enquire as to what is for sale, and do they permit live-aboards. You pay by the foot for moorage, and it is typically much cheaper than rent. Extras are plumbing and electrical hookups, which still keep this living option quite economical compared to renting an apartment. Best of all, for those without a lot of coin for a house purchase, with a boat you own some equity for a fraction of house cost. Same argument for trailer home ownership, I suppose. Actually, boat ownership starts making sense if you are a live-aboard. For a single person, you can go to any decent marina and enquire as to what is for sale, and do they permit live-aboards.
You pay by the foot for moorage, and it is typically much cheaper than rent. Extras are plumbing and electrical hookups, which still keep this living option quite economical compared to renting an apartment. Best of all, for those without a lot of coin for a house purchase, with a boat you own some equity for a fraction of house cost. Same argument for trailer home ownership, I suppose.

]]> By: Matt http://www.mightybargainhunter.com/2007/04/29/54000-for-a-boat-and-i-cant-move-it/comment-page-1/#comment-48692 Matt Mon, 30 Apr 2007 05:19:49 +0000 http://www.mightybargainhunter.com/2007/04/29/54000-for-a-boat-and-i-cant-move-it/#comment-48692 Not that much different from owning a brand new car, especially something like an SUV. Sure you can drive it off the lot but it depreciates in value drastically, you have to keep dumping money into it to maintain it, and depending on where you live the cost of insurance can put you into the poor house. Boats aren't meant for people with limited incomes; if I hadn't gotten mine for free I would never contemplate buying one. They're insanely expensive though they can be fun. Not that much different from owning a brand new car, especially something like an SUV. Sure you can drive it off the lot but it depreciates in value drastically, you have to keep dumping money into it to maintain it, and depending on where you live the cost of insurance can put you into the poor house.

Boats aren’t meant for people with limited incomes; if I hadn’t gotten mine for free I would never contemplate buying one. They’re insanely expensive though they can be fun.

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