Buying a yacht in Suffolk - Ipswich for Yacht Share, Good Idea ?

[Otter]

I do NOT rubbish everything that you say.

Your continued inability to see that your own experiences are not representative of what other people experience just limits the value of what you try to contribute.

This exchange is merely another example of your intransigence. Continuing to state that boat shares do not work in spite of all the evidence, two posts on this page alone, that they can work.

Open your eyes and stop seeing yourself as a victim. There is a big wide world out there that is very different from your narrow perspective.

The thing is, Seajet is right. He always has been and always will be, but only within the confines of his own personal universe. Once you accept that, then life on here becomes much easier - he is always 100% right, but not within the ordinary shared universe the rest of us inhabit so we don't have to argue with him or try and correct him or change his mind. Because in Seajet world, he's right.

See, that feels better doesn't it?

 

[pvb]

Thread failed, it seems.

 

[Otter]

Thread failed, it seems.

Yes, apparently the OP was wrong. Along with anyone who agreed with the OP.

 

[derekgillard]

Back to the original question!!

I am in my 15 season sharing a boat and we are even thinking of upgrading to a bigger boat.

Has it been a success? yes
Is it without any arguments? No.
Would I do it again? Yes.
Why because we made it work neither of us could afford what we have without the other .
To make it work one has to compromise and understand the other persons side. The positive side is the costs are split and in our case we feed off each others strengths.

I would proced with caution

Delbuoy

 

[Tranona]

The thing is, Seajet is right. He always has been and always will be, but only within the confines of his own personal universe. Once you accept that, then life on here becomes much easier - he is always 100% right, but not within the ordinary shared universe the rest of us inhabit so we don't have to argue with him or try and correct him or change his mind. Because in Seajet world, he's right.

See, that feels better doesn't it?

Could not agree more, but he is, I think, a human being, and every so often I feel the urge to reach out to him. Realise it is a lost cause as it seems only to drive him further into his own world.

Will try to resist the temptation in future.

At least the OP has had some useful advice from others in this thread.

 

[Seajet]

Tranona,

you have never reached out to anyone in your life as far as I can see, others who PM me agree, so give up trying to make yourself out to be a saint !

I have given the OP useful advice based on experience; whether he goes for a syndicate or his own boat, let's meet up again every year from now and see how it goes shall we ?

 

[Tranona]

Tranona,

you have never reached out to anyone in your life as far as I can see, others who PM me agree, so give up trying to make yourself out to be a saint !

I have given the OP useful advice based on experience; whether he goes for a syndicate or his own boat, let's meet up again every year from now and see how it goes shall we ?

You have absolutely no idea what I do, or have done in the past. I have, however had two successful boat shares, one now for over 30 years.

Do not flatter yourself by suggesting your advice is of any value to the OP. You have by your own admission never been a member of a syndicate, owned a shared boat, nor do you seem to be able to sustain long term relationships with others.

What use is that experience to the OP?

 

[KenMcCulloch]

alive, hi.
There's an awful lot of nonsense talked about how terrible yacht shares are. I am in a syndicate formed in Autumn 2011 originally and going well, I think. We started with 3 when we bought the boat, one died suddenly just as we were getting ready to launch in 2013, we were just 2 for about a year and a half and found a new third partner last summer. Choosing your syndicate partners is much more important than choosing your boat/anchor/sailmaker etc., but so long as you are clear about the terms of the agreement, how use of the boat is managed, how the finances should work and so on, and you maintain open communications among all the partners it can work well. We have a formal written agreement based on the RYA template, we each put a regular payment (monthly, amount agreed annually) into a shared bank account, and we meet semi-formally a couple of times a year to reach agreement on everything we need to. Most years we have decided on some major upgrade and contributed an extra payment to cover that, for example last year we renewed all the upholsery, this year we have had a new mainsail built and a new mast track system installed.

It would be absurd to suggest that there's never any disagreement but there has never been anything even vaguely approaching a falling out. It works well for me because it gives me use of a boat that I would not be able to afford to run on my own, it also means I don't need to feel my investment is festering when I'm not using it. The boat will be in more or less continuous use from mid June to September; I expect to enjoy about 4-5 weeks aboard plus several weekends, some of that time with my 'own' crew, sometimes with one or both of my partners.

I think when people (as some above) tell you it would be terrible, disastrous to share a boat etc. they may unwittingly be telling us something about themselves. I couldn't possibly comment.

Cheers

 

[Seajet]

You have absolutely no idea what I do, or have done in the past. I have, however had two successful boat shares, one now for over 30 years.

Do not flatter yourself by suggesting your advice is of any value to the OP. You have by your own admission never been a member of a syndicate, owned a shared boat, nor do you seem to be able to sustain long term relationships with others.

What use is that experience to the OP?

Seeing as everything you say is completely wrong and insulting, as usual;

Have shared a boat, albeit an International 14 - you probably aren't familiar with those Tranona, they're for performance sailors.

Shared a flat - which is very similar in many ways.

Despite your insinuations, the shortest relationship - I prefer females before you try any insinuations there - I have ever had was measured in months, and I have been with my girlfriend for 15 years.

I have told the OP to be careful, not ' don't do it ', unlike yourself saying ' I must have done the right thing by chartering mustn't I '.

I wouldn't go for a syndicate myself, as there's the chance of ending up with an insulting ' I know best and anyone saying any different is wrong, I won't even consider their viewpoint '; type like you.

It says a huge amount about you that you would stoop so low as to mention my divorce years ago, hardly makes me unique but I hope other forumites are taking note of your ' insult above all else ' attitude.

 

[Otter]

You have absolutely no idea what I do, or have done in the past. I have, however had two successful boat shares, one now for over 30 years.

Do not flatter yourself by suggesting your advice is of any value to the OP. You have by your own admission never been a member of a syndicate, owned a shared boat, nor do you seem to be able to sustain long term relationships with others.

What use is that experience to the OP?

You're doing it again - just say "you're right Seajet, in you're own world, you're right" then move on. We've all lost count of the number of things he is right about but which he has no experience of; but he's a forum institution and he makes our forum all the richer; but perhaps not better informed.

 

[Tranona]

Seeing as everything you say is completely wrong and insulting, as usual;

Have shared a boat, albeit an International 14 - you probably aren't familiar with those Tranona, they're for performance sailors.

Shared a flat - which is very similar in many ways.

Despite your insinuations, the shortest relationship - I prefer females before you try any insinuations there - I have ever had was measured in months, and I have been with my girlfriend for 15 years.

I have told the OP to be careful, not ' don't do it ', unlike yourself saying ' I must have done the right thing by chartering mustn't I '.

I wouldn't go for a syndicate myself, as there's the chance of ending up with an insulting ' I know best and anyone saying any different is wrong, I won't even consider their viewpoint '; type like you.

It says a huge amount about you that you would stoop so low as to mention my divorce years ago, hardly makes me unique but I hope other forumites are taking note of your ' insult above all else ' attitude.

You are always right Seajet. How could I ever doubt it.

Thank you Lazykipper for reminding me.

BTW I am fully aware that International 14s were performance boats in their day.

 

[xyachtdave]

Whatever you are spending on your share, use it to buy your own smaller boat and enjoy the freedom and lack of potential for hassle.

This is the correct answer!

Shared a second boat (I wasn't 'attached' to the boat so should have been easy) for racing - what a disaster. You want to leave all your personal bits and bobs, bedding, toothbrushes etc on a cruiser, I can't see that being possible with 1/4 share and definitely not with 1/6.

It does work for some people, my experience was negative. The fun starts at maintenance time....

 

[johnphilip]

My first post on ybw, hopefully applied to the right forum.

I'm looking to make my first boat purchase a yacht share, to make it affordable and ensure greater use and care of the lovely boat we hope to buy.

Keen to know peoples experience with finding and sharing with like minded people to share in a yacht ownership ?

Ipswich, like the Solent is an ideal place to own a yacht, for commutors from London, and the options are quite good for Holland and into Thames and Norfolk sailing trips.

Our current plan is to setup a 1/4 share setup, maybe later changing to 1/6, as a syndicate in a 32"-40" yacht, usable for family use and general crusing around the UK or to Europe from East Anglia.

The communities advise would be much appreciated

Thank you,

Chris B

I will reply by Private Message as any positive replies to your hopes are being so abused on this thread.

 

[tudorsailor]

I used to own 100% of my yacht. I then sold a 1/3 share. The partner has shared about 5 yachts before mine so it works for him obviously! He actually also has an 1/8 share in a yacht in the BVIs to get winter sailing too

It has really well for me/us. The yacht is in the Med. It is has enabled me to keep my 2/3 when I was thinking of selling. We try and dovetail our weeks onboard so that instead of one week out from the base and one week back, we can can so two weeks out, then the partner goes two weeks further and then reverse to get back

We split the costs proportionally. We meet just once a year to plan the next year. We do have a signed agreement based on the RYA document, but with additions such as what happens if one partner dies!

So I am another in favour of a yacht share.

TudorSailor

 

[obmij]

I looked into yacht share in Britain but decided against it due to the weather.

It seemed to be a decent syndicate but the boat was only in commission for 7 months of the year and those 7 months split between 7 partners (usually 7 or 14 day tranches)

In a good year it all makes sense. You book time off work, drive down to 'your' yacht and swan off into the sunset..

In a bad year, or several for that matter, you can spend all your allocated time storm-bound in a marina, wishing you had spent your maintenance fees on a trip to the Med. I was told by an honest member of the syndicate that this had happened to him.

So..I spent the share price on a smaller boat, with smaller running costs, which I can use whenever I like!

I would however consider yacht share in a more predictable climate, with independent management as described by another poster

I would also consider purchasing a boat with a mate, or two at a push for UK use, but they would have to be good pals and even so with a cast iron get out clause for any member.

 

[emnick]

alive, hi.
There's an awful lot of nonsense talked about how terrible yacht shares are. I am in a syndicate formed in Autumn 2011 originally and going well, I think. We started with 3 when we bought the boat, one died suddenly just as we were getting ready to launch in 2013, we were just 2 for about a year and a half and found a new third partner last summer. Choosing your syndicate partners is much more important than choosing your boat/anchor/sailmaker etc., but so long as you are clear about the terms of the agreement, how use of the boat is managed, how the finances should work and so on, and you maintain open communications among all the partners it can work well. We have a formal written agreement based on the RYA template, we each put a regular payment (monthly, amount agreed annually) into a shared bank account, and we meet semi-formally a couple of times a year to reach agreement on everything we need to. Most years we have decided on some major upgrade and contributed an extra payment to cover that, for example last year we renewed all the upholsery, this year we have had a new mainsail built and a new mast track system installed.

It would be absurd to suggest that there's never any disagreement but there has never been anything even vaguely approaching a falling out. It works well for me because it gives me use of a boat that I would not be able to afford to run on my own, it also means I don't need to feel my investment is festering when I'm not using it. The boat will be in more or less continuous use from mid June to September; I expect to enjoy about 4-5 weeks aboard plus several weekends, some of that time with my 'own' crew, sometimes with one or both of my partners.

I think when people (as some above) tell you it would be terrible, disastrous to share a boat etc. they may unwittingly be telling us something about themselves. I couldn't possibly comment.

Cheers

This was a very similar experience to ours when sharing.

I forgot to mention earlier, we used to manage to get the boat further afield i.e. one partner would sail to e.g. channel islands another partner (who didn't like channel crossings ) pick up in Jersey and so on last partner brings boat home. It worked for us. (we would have a continuous 2 weeks in summer)

IMHO its ALL about compromise.