House Value vs Boat Value

I thought I read somewhere that the best relativity one can find is 10% of "net worth" is invested in boats by boat owners ,,,, but it might have been on here so possibly a hypothesis !

<hr width=100% size=1><font color=blue>I am WHAT I say I am</font color=blue>
 
Paid more for my boat in 2000 than my house cost. However, house has more than tripled in value........ but boat unfortunately did not!

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Given all the glee by finance companys at boat shows, i d presume many boats are bought on the monthly cost basis. Might be wrong, but I d have thought people buying new flybridges probably didnt choose their present house on how much a month it cost.
But the ratio maybe totally different for someone buying a small sportsboat. id guess its more a balance between disposable income,net worth and financial risk appetite.

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House???

Someone just made an offer on our boat (waste of time) that was 40% down on the asking price saying that we'll never sell with the fall in the housing market.
Oh well!!! Better keep it then.

It's already the cheapest boat of it's type on the market.

Chris

<hr width=100% size=1>In Ft Lauderdale
 
Its much more about family (or joint) income than the relationship between house and boat.
For instance, the only way I can afford boating is because we live in the same house that we bought over 20 years ago, thus we have a very small mortgage in relation to income, much higher disposable income than some of my colleagues struggling with four figure mortgages. Great houses some of 'em but cant afford to live comfortably...and what's the use in that?

Steve.


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irresponsible house buyers

Four figure mortgages! You mean, like, they've borrowed more than a grand? Jeeze!

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Re: irresponsible house buyers

Boat about 12% of house. If mortgage gets any more expensive boat may have to go to reduce mortgage. For mortgage read tax rises in excess of pay rises etc, an issue Gordon is rapidly approaching.

<hr width=100% size=1>Two beers please, my friend is paying.
 
Re: irresponsible house buyers

Well in Guernsey flats start at 250k so figure out what a 4 bed semi would cost.

<hr width=100% size=1>Dom
watch this space
 
Re: irresponsible house buyers

4 bed semi's in my neck of the woods (good road) £420,000 - £440,000.

Who said live aboards were crazy ?!


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Thread resurrection for Flowerpower :) , boat around 15% of house, boat price seems to have held up well so far in 5 years of ownership but house prices down here have gone crazy:unsure:
 
Blimey, I actually remember reading this thread first time round. Some names from the past including Haydn (RIP) and his comment about only having as much money in a boat that you can afford to lose without decimating yourself has always stuck in my mind.

I guess where you live will influence this, given the variances in house prices across the U.K, as well as well as time of life / financial commitments etc.
 
Boat is about 18% of the house value for us now that we have changed from Andy’s old F36. The children still tell me that they miss the old boat on a regular basis ?.

lovely to see Haydn on an old post. I remember going out on his P35 when I was ”studying” and university to watch the sinking of the Scylla.
 
Can’t help but feel that there isn’t a way of answering this without it being at least perceived as willy waving.

Our boat is an older 50 footer, not particularly valuable by many standards, but as a part of our overall financial wealth (which is probably a better measure than home value because it takes account of any debt, mortgage or otherwise), it is a comparatively small proportion - perhaps 10%. The boat has done all its depreciating and the house continues appreciating, not least given that we are well outside of London but on the mainline - which will continue to be important to people despite COVID. Perhaps more so in fact.

I think a more interesting question is how the annual operating cost of your vessel (including moorings, fuel, maintenance etc, but not capital costs such as improvements) compares to your gross income. Of course, the more you use it, the more you probably spend, even if the curve isn’t linear. In that regard, for me, we use it quite a lot (100+ hours pa) but I do all servicing and general maintenance myself (unless I’m pressed for time, have got to the end of my skill set or just can’t be bothered) and we are moored in Hamble, not the Med - so it’s probably about 10%.
 
ProDave said:
Gosh I am very much at the cheapskate end then, boat value < 1% of house value.
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The thing is though Dave, at that ratio you’re boating must be totally relaxing because no pressure to use it. From my perspective there is always an element of making the most of available time on the boat to get best “value” from the running costs, but no one ever bought a boat as a wise investment, personally it’s because I love being out on the water/tinkering & cleaning the boat.
 
My present boat cost almost as much to buy as my present house . But there were 24 years between the two events .
My first boat cost 1.5 times the price of my first house - 28 years between those events.
My present boat cost about 4 times the price of my first house - but 32 years between those dates.

In today's money my boat is worth about a quarter of the value of my house.
 
This also says a lot about where you live. My boat is worth a lot compared to my house because I live in a very cheap area. If I transplanted my house to a good part of London say then my boat would be worth very little in comparison to my house.
 
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