salad
Active member
Going back to basics. Starting from where you are, buying a boat is probably not the way to go. As I think I might have said before you need to get out in a boat and get some experience as until you have that you have no real idea of firstly whether you like it and secondly what is involved in owning and running a boat of this size. You have come to the conclusion (correctly) that owning a boat remote from where you live that you might use for maybe 30 or 40 days a year costs £8-10k. This is lousy value to find out whether you like it and can manage it - plus getting out if you don't like it is not easy.
So once again I urge you to do a course with a practical element and really consider a charter with the family before you commit to ownership. You have probably, if you have read the responses to your various questions correctly, realised that owning and managing a boat of either your £30k or £100k type is far more demanding on time, energy and money than the actual sailing bit. You will also have realised that the vast majority of owners of substantial sailing boats have worked their way up to where they are now. Sure there are people that jump straight in, but the failure rate is high and those that do succeed are usually in a position to apply all their time and effort to running the boat. Your situation of being remote from anywhere decent to sail, lack of experience and expectations are all against such a strategy working.
Sorry if it seems like preaching, but I have seen so many shattered dreams over the years where people have jumped in too deep - much the same with taking on project boats. People simply underestimate the amount of time energy and money needed in running a decent size cruising boat along an active working and social family life. Fine, if like me you do it once the kids have grown up, and even better when you are retired if you still have the physical and mental capacity!
Nah you're good fella, don't worry.
Actually £10k a year for 30 to 40 days isn't bad value at all. 7 days with Jet2 at some mildew infested all inclusive (local brand drinks only) was £3.5k last I looked. A proper all inclusive at a higher end resort (Ikos), closer to £7k, for a week. Edit: Skiing these days is around £6k for a week including passes, at hotels we stayed at previously for half that. The more I look at it, the more yachting makes sense.
£10k is also roughly about what it costs annually to have a static caravan in a decent location once you work out all the costs and I know which I'd prefer. Sure theres extra maintenance and a time commitment, but the possibility of variety is also somewhat greater!
I cant really work us up to this, due to location. If we lived half an hour from the sea, theres no question I'd get a 26 and learn first. As it is, I just have to go with my gut. I'm tending towards something more in the 38-40 range now, for practical reasons, so I think we may well end up spending a year or two as members of Flexisail or some such club. The real risk, is yacht envy, as I know they do have some bigger ones.
Push comes to shove, even if a person invests £100k in a yacht, they wont lose all of it. Sure, it could be an expensive lesson, but it's not quite the same as betting £100k on the gee gee's in one go.
Life is too short and whilst I do worry at times about many things, I probably know I shouldn't. Not like £100k in the bank is going to do much for anyone at this level of inflation. A few years at 12% and you've halved your money, even if you're getting 3% interest. We all know that inflation is way higher than they are making out, too. 20% would be more accurate imo.
Might as well spend it and try to enjoy ourselves. Who knows, Putin could through his nuclear teddy out and the only thing left of worth will be sailing boats.
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