[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 1.02 MB, 1112x628, Screen Shot 2022-06-09 at 3.05.14 PM.png [View same] [iqdb] [saucenao] [google]
49487809 No.49487809 [Reply] [Original]

what are the financial implications of living on a boat? houses are retard expensive and i don't have a family. you can get a nice looking new catamaran for ~$240k (pic rel) and just live inside of it. any boatchads in here?

>> No.49488083

>>49487809
maintenance is a pain the ass and wallet

>> No.49488141

>>49487809
Upkeep is very high but there is no better feeling than dropping anchor in a secluded bay, drinking rums on the foredeck on a sunny day

>> No.49488145

>>49488083
yeah but so is a house, basically the same no?

>> No.49488266

>>49487809
Internet, maintenance, fuel for generator and other bullshit

>> No.49488348

>>49487809
>oh shit looks like there's water seeping in through my house's foundation, I need to patch that up eventually
vs.
>oh shit the hull has a leak and I have maybe a few hours to fix it or become homeless

>> No.49488468
File: 97 KB, 880x1360, invisible_college.jpg [View same] [iqdb] [saucenao] [google]
49488468

>>49487809
Get a condo. It'll have more space and the condos fees pay for everything like lawn care, snow removal, replacing the roof etc.

>> No.49488728
File: 1.22 MB, 1752x803, jimboboiii shooter silver.png [View same] [iqdb] [saucenao] [google]
49488728

>>49487809
BOAT = Break Out Another Thousand
You can get a very nice house in bumfuck nowhere America for $240k. Just get a WFH job and live in a house like a normal person. You're trying to cut corners and it's going to cost you many years worth of saving and labor as a consequence.

>> No.49488910

>>49487809
I knew a guy that lived in a POS he bought for pocket change and dry docked the fucker so essentially zero maintenance needed. He lived in a prime location and paid a fraction of what rent would be for comparable square footage, pretty smart...he didn't account for Canadian winters though.

>> No.49488973

>>49488910
>he bought for pocket change and dry docked the fucker so essentially zero maintenance needed
lol
so basically he lived in a trailer home, except smaller?

>> No.49489004

>>49488468
Yea, until the shit collapses like surfside because the fucking jews didn't want to pay their fair share.

>> No.49489035

>>49488728
>Just get a WFH job
may as well have said "just stop being poor"

>> No.49489055

You have to watch your poo poo and pee pee storage all the time. Also batteries, water, fuel, heating etc.

>> No.49489129
File: 488 KB, 583x327, narrowboat.png [View same] [iqdb] [saucenao] [google]
49489129

>>49489055

Also I lived on a canal boat in the UK for a couple of years. Not really the same thing you're looking at, but still a boat.

>> No.49489197

>>49488145
HAHAHAHA
HOLY SHIT

>> No.49489552

>>49489197
nice argument faggot

>> No.49489792

>>49488145
Houses aren’t generally submerged in corrosive salty water with filled with molluscs algae and mold.

>> No.49489815

>>49487809
Boat insurance, docking fees, repairs, maintenance, hauling fees. Unless you know how to sail and have appropriate expectations for what it'll entail - which from your question you do not - you're going to get fucked. Cats often get charged double docking fees for being such wide bitches.

If you know how to sail, rent one for a week and if it calls to you I guess do it, but it's not a life for most people. Also 250k for a cat almost guarantees that it's going to be a much worse quality than something you'd want for a liveaboard.
https://www.boataround.com/boat/aventura-34-romanon-1?checkIn=2022-06-11&checkOut=2022-06-18

>> No.49489933

you still have to pay monthly dock slips to keep it in a harbor near any sort of civilization, and one that has freshwater and electricity hookups. If you never plan on moving it you might save some money, but the more you use it to move around, the more it costs to maintain. the hull usually needs to be cleaned at least once a year to prevent corrosion.

>> No.49489964

>>49488145

house expenses are a meme, boats are at least 10 times worse

>> No.49489967

>>49488145
Come on bro. You’re not being serious are you?

>> No.49490059

>>49487809
dry storage. dont live in a marina. people will think you're a drug dealer or something. and how do you plan to smash pussy while living on a boat?

>> No.49490280

>>49489964
>>49489967
Just rentoid cope by them

>> No.49490474

>>49489129
give me the run-down, i want to do this

>> No.49490808

>>49489967
idk i dont own a house but it seems like people spend a lot of money and time constantly renovating and shit

>> No.49491138

>>49490474

Well you can look at some available boats on https://narrowboats.apolloduck.com/

Mine cost £20k, you can get cheaper but there's going to be more work needed, definitely get a survey done before buying. You can also get ones for more with more conveniences etc.

You have the two types, narrowboats and widebeams. If I was doing it again I'd go for a widebeam just for the extra space, they are more expensive though. You can live well on a narrowboat though.

Expense wise you have to pay for a license and insurance, all up it was about £1300 a year for my boat, it depends how big the boat is.

The license gives you the rights to travel the whole UK canal system and stay anywhere for two weeks at a time, use boaters facilities, etc.

Diesel was not all that expensive and that also charges the batteries. Getting solar is also a good idea for the summer months, winter it's a bit crap.

Speaking about crap, you've got two choices. pump-out and porta potties. I had a pump out which I could get emptied at any marina for about £20, otherwise there are facilities for emptying the porta potties also at marinas and in certain other places. I'm not a big fan of carrying a box of my own crap down the towpath but to each their own.

My heating was with coal and firewood on a multifuel stove. Very cosy and comfy in the winter months but gets a bit sooty, you have to clean it all the time. There's also gas and diesel options, and if you're on a marina you might get away with a space heater even.

A very important consideration is if you are going to try to get a spot in a marina or just continual cruise all the time. Loads of people just cruise which is much cheaper but can get tricky with work, 'cause you'll have to spend weekends getting water, fuel, emptying the shitter etc.

>> No.49491201

>>49491138

Also you can only stay at one particular spot for two weeks at a time, and you're meant to move at least a mile down the canal, and you have to keep going that way for at least 20 miles. If you're working remote then you're gold and can just travel around a huge part of the UK if you want. Locks get a bit tiring though.

Marina spots can be a bit harder to come by, especially in the major cities. Some boats for sale do come with a marina berth, but you need to check that that berth actually transfers with the boat, some sellers get a bit sneaky like that.

I'd recommend checking out the Cruising the Cut youtube channel, he pretty much breaks everything down

https://www.youtube.com/channel/UC6SNxiLzSlh8e0yjndE9o_A

Also there's the canalworld forums

https://www.canalworld.net/forums/index.php

And there's also various facebook groups

All in all it's a pretty cool lifestyle and I miss it but I'm overseas now, Just saying it's not all cups of tea and swans and no hassles.

>> No.49491262

>>49491138
Dang, thanks for all the info. That's a surprisingly cheap license and insurance. When you say insurance, I suppose that doesn't include contents insurance? I'm not sure how expensive that would be, but considering the risk of... well, flooding, I may consider it. I'm looking at these boats are they're surprisingly affordable. I would probably do it more as an option when I 'make it', so I don't have to worry about working and timing, and I can use it as a casual pastime.

>>49491201
>Just saying it's not all cups of tea and swans and no hassles.
Yeah I didn't expect it to be just easy. I know the locks can be a pain in the arse, but if the elderly and women and do it, so can I. Of course, if I'm solo that would be a factor to consider more. As well as location in the UK.

One final question: what do you know about temporary arrangements? Do people rent them out for periods?

>> No.49491316

>>49487809
You have no mailing address, which is unironically a massive pain in the ass. Also a boat this big would presumably be in salt water and need to be maintained even more than a degrading NFT kek

>> No.49491425

i looked into this a few years ago.
its generally around 10% of the price of the boat.
so a $50k monohull costs about $5k/y, which is average. a single new mast/sails will cost a lot more than that, or getting it out the water and painting it

a $200k catamaran is like $20k/y when you factor in all the additional costs

>> No.49491482
File: 43 KB, 480x320, woonboot[1].jpg [View same] [iqdb] [saucenao] [google]
49491482

>>49487809
its a thing in the Netherlands
they live on small boats because its cheaper
its not great though and fewp eople do it

its basically a classier way of being trailer trash

>> No.49491615

>>49491262

My insurance was through these guys, https://www.collidgeandpartners.co.uk/
It was the minimum required by the canal and river trust to have the license, which covers third party damage and my own boat and contents up to £20k. I never needed to make a claim though. Also I never really kept anything very expensive on the boat.

People do rent out their boats for periods, at least I've seen such on gumtree. It's a bit of a grey area though as it's in violation of the license & insurance.

More legit are narrowboat hire companies, and there's loads of those, just google for "narrowboat hire" it might be an idea to rent one near a scenic point like the Anderton Boat lift or the Llangollen canal aqueduct to save going through 100 locks or so.

Locks are pretty basic, just have to be careful around them that you don't get the boat caught up on one of the sides, they should take you through this if you're hiring one. Also doing 15 or so a day they get a bit dull.

>> No.49491670

>>49491615

Also the "license" is more of a registration thing, you don't actually do a boat piloting test or anything like that. Anyone can just start it up and go. They only go a few mile an hour max speed though. If you hire one they should spend some time showing you how to move it about.

>> No.49491725

>>49487809
>houses are too expensive
>I'll buy a boat that costs twice as much as a house to buy and maintain instead.
The absolute state of (you)

>> No.49492156

>>49491615
>>49491670
Cool, thanks a lot for the info!

>> No.49492661

>>49488145
A newish, decently constructed and outfitted house will have almost no maintenance fees. Yes there are shitboxes that will drain your wallet, but if you know what to look for in a house maintenance fees are almost non-existent. A boat has more maintenance costs than even a shitbox house will, even if you are doing all the work yourself. Marine grade anything is expensive because the ocean wants to dissolve/corrode your boat real bad.

>> No.49493144

>>49490280
I own my own house as well as a couple investment properties.

>> No.49493164

I met a guy who took early retirement, cashed in his pension, bought an amazing $250k yacht and rented out his house to fund his lifestyle. After 5 years he was very happy, his house was appreciating and the rent he got was $1000 a week - more than enough. No monthly power bill and he used sail power for moving around. Had solar and a water converter that changed sea water into fresh.
If he decides to return to civilisation his boat will sell for more than he paid probably, and his house is worth

>> No.49493228

>>49490808
So most people I know who live on their own boats either:
1) use the boat as part of them making money; so it’s a business asset and they’re fishing, running tours, or giving a ride

2) retired and have a pretty substantial net worth

This doesn’t have to be the case but it’s an asset that is constantly exposed to some of the most harshest conditions within reason. There’s a reason even houses on the beach are expensive. Because the salt and the climate wears down metal and even with great maintenance you’re still looking at a substantially reduced lifespan for those items (like HVAC, railing, pretty much any electronic left in the elements). So it can add up more, but all it takes is money anon.