Quote:
Originally Posted by blumon
Nice dream BUT... when it comes to boats and partners...in my opinion it never works. You'd be better off bareboating with like-minded people and planning on doing it in the different places in the world that y'all want to explore and experience. You will save a lot of money and avoid the aggravation of ownership (read expense and responsibility issues etc).
Seriously...stick to the bareboat chartering - I don't want to rain on your parade but I've seen this before and it's a recipe for a ton of bs.
Remember that the cost of ownership of any vessel is 10 to 15% of the value of the vessel per year...the purchase price is just the beginning of the cost of ownership.
B.O.A.T. = Break Out Another Thousand!
B.O.A.T. = Broke Or About To!
As a professional boat Captain I prefer to fly to those exotic locations and then stimulate the local economy by hiring a local guide with local knowledge and returning to the beach every nite ... waaaaay more fun and much more rewarding.
B
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Yes, there is definitely a good potential for trouble. But it is possible to make it work. I know people that have done it successufully. There are more people that you may think that actually succeed in sharing a boat.
Since I am well aware of the headaches and cost of owning a boat, I want to find partners to share them with. I cannot use it the whole time so it makes a lot of sense to pay for only a part of it.
As for the headaches, I am kind of use to it. I am a Marine Chief Engineer unlimited and have been responsible for the maintenance and running of vessels worth up to 1/2 billion $. A 14 m boat does not make me worry.
As for chartering, I have done quite a few of them in various areas.
Given that I can and want to sail up to 4 months a year, it makes no economic sense to charter that long. Besides bareboat charter boats are only available in very turisty areas. The boat themselves are not that great and it's always a pain to find a few people that can do it at the same time and make it affortable. The kind of boat I like to sail cost at least 5-6G per week.
10 to 15% of the cost per year is a figure that some boat owners do spend as running costs. With a new or almost new boat and onboard repairs, the cost can be halved.
I will stick to bareboat charter or buy a boat myself only if I fail to find suitable people to share.
yours2share.com has quite a bit on the issue and many people that are sharing boats and many other assets now. There also many companies that profit by managing shared ownership yachts. All the above should not exist if it were as you say. Luckly they do exist.
Cheers
