House Value vs Boat Value

[Hurleyburly]

Curious about the relationship between the two.

I'd guess for most raggies - boat about 25% of house 100K boat, 400K house?

MoBo's 33% - 250K boat, 750K house ?

Average age for buying first boat 30ish ?

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[piscosour]

I wish!

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[BlueSkyNick]

Not going to give you specific values on this forum. However, your estimate of 25% is far too high IMHO, eg by a factor of 2.

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[capricorn]

Not going to give personal specifics either but agree with BigNick.

I think for 30 something boat owners the ratio is more like 10:1.

A lot of new boats are bought by newly retired folks either with a pension lump sum or by downsizing homes in which case the 4:1 number might be more realistic.

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[AndrewB]

For liveaboards, the ratio = infinity:1 in favour of the boat. That should move the average up a bit!

 

[machurley22]

First boat 50ish. Ratio approx 40:1. Yours must be similar if the username is anything to go by surely?

Dave

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[ChrisE]

We're about the same as BigNick (ought to be little Nick, he's smaller than me!). BUT if you add all of the money we've spent on her over 10 years the ratio is nearer to 60:40 house:boat!

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[ParaHandy]

well .. you're not just not up with the blairs are you .. ? with the help of a conman and cherie's tears you didn't buy two flats at c£250k each in bristol for the kids student days and (kicking the brats out) rent them out to a defence contractor who just happens to have just been paid £20m to ensure our army doesn't get sent to war again with crap equipment. the execs who are doing this now have somewhere to sleep at night but at a cost (if achieve rent similar to others) of c£25k pa each flat ...

oh what a surprise .. the same company's building two new boats for us (aircraft carriers) ... so the ratio is £4bn to £25k in boaty income terms or £250k in boaty capital terms per boat. very cost effective, don't you think?

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[tome]

You're a cynic!!

All very true, nonetheless. Good old Thales - bet Tony and Cherie get a bit more than the crappy 2005 diary they sent me.

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[ParaHandy]

Re: HMS Blair ...

heaven forfend ... i'm no cynic but why not go the whole hog and name one HMS Jack Straw (well, if condaleeza can get a boat named after her, why not him) and t'other HMS Cherie Blair ...

did wonder if those wonderful french engines so beloved of Mirrelle (v. efficient single screw and v. slow - the pyschiatric equivalent of an ASBO) will be fitted as Thales is a french cpy ....

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[Evadne]

Boat is worth less than 5% of what my house would sell for, in monetary terms, first boat bought (by Dad) when aged 16, cost 100 Rand.


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[roberth]

I always thought mobile phones must be pretty lucrative career-wise - now I know! ;-)

Seriously though, I am definitely a budget boater - current ratio of house-to-boat is about 25:1!

Robert

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[LadyInBed]

House to boat is about 4:1 on the principle that when I am too infirmed to sail the money should keep me till I pop my clogs!

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[piscosour]

How come when you spend money on a boat, which you must whenever you use it, its value goes down. Which is the converse of a house where the value generally rises. Surely it's more appropriate to give the calculation a time-frame, as in: purchase house/can't afford a boat. live in house many years, see some appreciation, remortgage/buy boat probably that's where you see the sort of ratios mentioned in the thread, or sell house/live in boat, better ratio/better quality of life/lose money/who cares.

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[ChrisE]

purchase house/can't afford a boat. live in house many years, see some appreciation, remortgage/buy boat probably that's where you see the sort of ratios mentioned in the thread, or sell house/live in boat, better ratio/better quality of life/lose money/who cares

The easiest way to achieve a reasonable ratio is to boot out kids( love 'em really - I mean once they leave home) and buy smaller house and use difference to pay for boat.

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[DJE]

Bugger its leaked out. I was trying to keep that plan secret. The hidden adgenda is to ensure that the next house will be small enough to stop the little darlings moving back in after university.

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[ChrisE]

Rest assured, they will find a way back for Xmas, etc. We live in a two bed and have bought a marquee which gets put up every holiday to put the dinner table into. We get thrown out of our extremely comfy bed and live in one of our cabins in the garden. Have to say that I quite like it really.

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[paulskent]

One of the benefits of having the boat at the bottom of the garden, Is that I get to sleep in the quiet of the aft cabin when the hordes descend. Only problem is now that we will be living by the coast, we seem to have far more applications from visitors than was the norm in Manchester. ;-)

PK.

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[Peppermint]

About 7% for me. There's a difference in real market value too.

i.e. I can sell my house, for top dollar, quite quickly where as boats, in my humble opinion, take a lot longer

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[Rob_Webb]

Early ventures boat approx. 5% house value, upgraded boats closer to 15% (UK) or 25% (NZ). Now that's confused you.

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