User Panel
Posted: 1/31/2015 2:04:24 PM EDT
I've been thinking of getting a boat, but this it nuts....
http://www.dailymail.co.uk/travel/travel_news/article-2934289/Infographic-reveals-real-cost-owning-superyacht.html How do you do it? |
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Meh. Switch from .40 to 9mm. You can pay for the boat with the money you save apparently.
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I'd be more interested to hear why someone with so much money picks such damn ugly boats.
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I worked on a new build a few years ago (google Cakewalk Yacht, f'in thing's amazing). They never told us how much it cost, but the guy doing the fairing and painting told me that his work was worth somewhere between 14 an 17 million dollars. Including 1400 gallons of fairing compound (like marine Bondo) for $70 a gallon.
Anyway...... He also charters that thing out for a million a week. Or used to, I see it's for sale now. |
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The 2nd happiest day of a boat owners life is when they buy the boat. The happiest day of their life is when they sell it.
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Skippering and maintaining boats for rich people is my profession. I don't screw around with motor yachts as I don't want to have to essentially live with them,I just deal with their sailing play toys.
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The 2nd happiest day of a boat owners life is when they buy the boat. The happiest day of their life is when they sell it. View Quote anybody that says that was either never really interested in boating to begin with or has never owned a boat i have a boat slipped and 2 sea doo GTX's. maintenance is roughly $500 or less a year depending on maintenace interval for all 3 combined i love being on the water with family and friends and know several people that live on their boat a lot of half hearted "boaters" will buy a boat use it at first then park it and let it rot alll the while bitching about it not starting when they want to go out after 5 months at a time of it sitting there neglected |
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I love my boat. It gets used some year round but at leSt twice a week spring through fall. Treat them well and maintain them and you will get years of enjoyment. This may only apply to outboards in fresh water though.
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No mater how much money I had I still wouldn't own a luxury yacht. I don't like being out at sea for nay length of time but I would buy something like a 42' Fountain Lightning.
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sorry my math was off, my point was invalid. rich people cannot afford super yachts, due to my mathematical errors.
sorry rich people. |
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They do it because they can..!
Have lived in that world for 30 years. It's just money and money they don't even think about. Quote from a previous boss: if I have to think about the money i spend on Boating I should find something else to do ! Thank God for rich people ! |
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As said by many airplane owners "Boat owners have no idea how to spend money"
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I worked on a new build a few years ago (google Cakewalk Yacht, f'in thing's amazing). They never told us how much it cost, but the guy doing the fairing and painting told me that his work was worth somewhere between 14 an 17 million dollars. Including 1400 gallons of fairing compound (like marine Bondo) for $70 a gallon. Anyway...... He also charters that thing out for a million a week. Or used to, I see it's for sale now. View Quote wow, that thing is a beaut clark. just picture the views you could wake up to with that. sadly for me i get sea sick so my view would be puke on the windows |
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I've been thinking of getting a boat, but this it nuts.... http://www.dailymail.co.uk/travel/travel_news/article-2934289/Infographic-reveals-real-cost-owning-superyacht.html How do you do it? View Quote Living in Mothers basement... |
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I bought a new boat in 07. I had very specific reasons for buying a boat. 1 was to make memories that I could carry with me for life. See life in my early years was not great. My relationship with my parents was fractured to say the least and my dad was making efforts to right his wrongs and was doing good on it. I found out he had cancer and the best times of my life were fishing with my dad and brothers as a kid. No one in my family could afford a boat but me. Out the door I spent about 70k and spend about 500 a year on upkeep like oil changes and keeping the motor in tip top shape. Some of the best days of my life have been out on the ocean catching fish.
In 4 days in 07 we filled a chest freezer with salmon fillets fresh from the ocean, I catch halibut, salmon, strippers, white sturgeon, Albacore and kokanee |
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anybody that says that was either never really interested in boating to begin with or has never owned a boat i have a boat slipped and 2 sea doo GTX's. maintenance is roughly $500 or less a year depending on maintenace interval for all 3 combined i love being on the water with family and friends and know several people that live on their boat a lot of half hearted "boaters" will buy a boat use it at first then park it and let it rot alll the while bitching about it not starting when they want to go out after 5 months at a time of it sitting there neglected View Quote View All Quotes View All Quotes Quoted:
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The 2nd happiest day of a boat owners life is when they buy the boat. The happiest day of their life is when they sell it. anybody that says that was either never really interested in boating to begin with or has never owned a boat i have a boat slipped and 2 sea doo GTX's. maintenance is roughly $500 or less a year depending on maintenace interval for all 3 combined i love being on the water with family and friends and know several people that live on their boat a lot of half hearted "boaters" will buy a boat use it at first then park it and let it rot alll the while bitching about it not starting when they want to go out after 5 months at a time of it sitting there neglected I spent 18 months cruising around on my sailboat starting from the Great Lakes and sailing it south to the Bahamas. I guarantee that I spent a lot more money and invested a lot more time than you did. If I had it to do over again knowing exactly what I know now and things were going to be no different I'd still do it again. However, when we sold our boat I never regretted it and I've never looked back. Someday I'll pick myself up a little skiff to fish the flats with, but I also have no illusions that I'm not buying another hole in the water to dump money into; albeit a smaller hole, but a hole none the less. |
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With sport fishing boats you have to be able to throw $100 bills into the water while you are underway and it not affect you in the least to really afford one. Anything less and you are close to bankruptcy
Megayachts, the boat is usually the least of their worries....private jets to fly to the boat....most of the rich boating folk I know just tell the boat to go to point A, I'll fly there, pick me up at the airport , have a hotel suite ready It really is a different world of expenses and priorities. ...2 million in fuel is really like paying for Internet for most folks |
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Yo..Tier1
Your math is a bit off. 10% of 100m is $10m. Which is about $27/day. that is the start point. The nifty what's it going to cost chart is nothing more than a generalization. There are people that have $3m boats that spend $1.5m/year. It greatly depends on what they want to do, where they want to go and to what comfort level ? |
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Used 14' boat and 25 hp motor was $1500 about 15 years ago.
A lot of my summer runs are 6mi. and some others are 15 mi. Farther south in the ten thousand islands, the runs can get 30 mi. So....I think to get about 20 mpg. Keeping up with the other shit is where I spend money. Life jackets fire extenguisher lights cushion registation parts for motor, I am the mechanic just rebuilt trailer, paint, lights, rollers, bunks, bearings upkeep lists just go on. bigger boat = more upkeep |
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I spent 18 months cruising around on my sailboat starting from the Great Lakes and sailing it south to the Bahamas. I guarantee that I spent a lot more money and invested a lot more time than you did. are we in a competition i didnt know about? lol If I had it to do over again knowing exactly what I know now and things were going to be no different I'd still do it again. However, when we sold our boat I never regretted it and I've never looked back. the parts in orange dont compute to me, sounds to me like you really enjoyed yourself and spent a good bit of money sailing in incredibly harsh waters. the great lakes and the ocean will take its toll on any equipment. Someday I'll pick myself up a little skiff to fish the flats with, but I also have no illusions that I'm not buying another hole in the water to dump money into; albeit a smaller hole, but a hole none the less. using this reasoning anything you enjoy doing is considered a "hole" View Quote View All Quotes View All Quotes Quoted:
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The 2nd happiest day of a boat owners life is when they buy the boat. The happiest day of their life is when they sell it. anybody that says that was either never really interested in boating to begin with or has never owned a boat i have a boat slipped and 2 sea doo GTX's. maintenance is roughly $500 or less a year depending on maintenace interval for all 3 combined i love being on the water with family and friends and know several people that live on their boat a lot of half hearted "boaters" will buy a boat use it at first then park it and let it rot alll the while bitching about it not starting when they want to go out after 5 months at a time of it sitting there neglected I spent 18 months cruising around on my sailboat starting from the Great Lakes and sailing it south to the Bahamas. I guarantee that I spent a lot more money and invested a lot more time than you did. are we in a competition i didnt know about? lol If I had it to do over again knowing exactly what I know now and things were going to be no different I'd still do it again. However, when we sold our boat I never regretted it and I've never looked back. the parts in orange dont compute to me, sounds to me like you really enjoyed yourself and spent a good bit of money sailing in incredibly harsh waters. the great lakes and the ocean will take its toll on any equipment. Someday I'll pick myself up a little skiff to fish the flats with, but I also have no illusions that I'm not buying another hole in the water to dump money into; albeit a smaller hole, but a hole none the less. using this reasoning anything you enjoy doing is considered a "hole" some people go to strip clubs and spend money others go to sporting events the simple fact is, if you think spending money on something that you enjoy doing is dumping it into a hole then you are doing it wrong friend |
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anybody that says that was either never really interested in boating to begin with or has never owned a boat i have a boat slipped and 2 sea doo GTX's. maintenance is roughly $500 or less a year depending on maintenace interval for all 3 combined i love being on the water with family and friends and know several people that live on their boat a lot of half hearted "boaters" will buy a boat use it at first then park it and let it rot alll the while bitching about it not starting when they want to go out after 5 months at a time of it sitting there neglected View Quote View All Quotes View All Quotes Quoted:
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The 2nd happiest day of a boat owners life is when they buy the boat. The happiest day of their life is when they sell it. anybody that says that was either never really interested in boating to begin with or has never owned a boat i have a boat slipped and 2 sea doo GTX's. maintenance is roughly $500 or less a year depending on maintenace interval for all 3 combined i love being on the water with family and friends and know several people that live on their boat a lot of half hearted "boaters" will buy a boat use it at first then park it and let it rot alll the while bitching about it not starting when they want to go out after 5 months at a time of it sitting there neglected spot on from what i have seen of many "boat owners" i have a family member who just sold his flats boat, when he first got it he asked me to teach him how to fish. he refuse to take a flats boat near the flats "he was afraid he would run it aground" then he wouldn't get anywhere near oyster bars (chasing red fish) "to risky for his boat" so finally we found him a shallow reef in about 6 foot of water and caught spinner shark all day. i went with him several times as he really enjoyed this one and only spot about 5 miles out in the gulf with his flats boat it was a 2012 he paid 25k for it, used it less than 20 times and sold it for 9k. there is one born everyday. |
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Hardly true, except for those that just have a boat to have it. For others, it's more than that. View Quote View All Quotes View All Quotes Quoted:
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The 2nd happiest day of a boat owners life is when they buy the boat. The happiest day of their life is when they sell it. Hardly true, except for those that just have a boat to have it. For others, it's more than that. This. Also I don't get the bust out another thousand crap. Like anything if you maintain it you will be fine. If you let it sit with the same fuel and oil and let shit get crusty over winter sure. I bought mine new and keep up with oil changes and flushing out fuel while in storage and have had zero issues in years with lots of use and hours put on. |
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This. Also I don't get the bust out another thousand crap. Like anything if you maintain it you will be fine. If you let it sit with the same fuel and oil and let shit get crusty over winter sure. I bought mine new and keep up with oil changes and flushing out fuel while in storage and have had zero issues in years with lots of use and hours put on. View Quote View All Quotes View All Quotes Quoted:
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Hardly true, except for those that just have a boat to have it. For others, it's more than that. This. Also I don't get the bust out another thousand crap. Like anything if you maintain it you will be fine. If you let it sit with the same fuel and oil and let shit get crusty over winter sure. I bought mine new and keep up with oil changes and flushing out fuel while in storage and have had zero issues in years with lots of use and hours put on. these guys above are boaters those other guys are just boat owners |
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Quoted: The 2nd happiest day of a boat owners life is when they buy the boat. The happiest day of their life is when they sell it. View Quote |
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I have a 28' Carver Riviera. Bought it for $11,000 five years ago. All total it runs me around $4000 per year. However, I use it every weekend from Mid May to Mid October. It is my weekend cabin and retreat. I could probably knock about $500 off the total at a cheaper marina. But all my friends/drunks are at my current marina. I don't get to take vacations so this is my one vice
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Yo..Tier1 Your math is a bit off. 10% of 100m is $10m. Which is about $27/day. that is the start point. The nifty what's it going to cost chart is nothing more than a generalization. There are people that have $3m boats that spend $1.5m/year. It greatly depends on what they want to do, where they want to go and to what comfort level ? View Quote i fixed it just for you. |
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This. Also I don't get the bust out another thousand crap. Like anything if you maintain it you will be fine. If you let it sit with the same fuel and oil and let shit get crusty over winter sure. I bought mine new and keep up with oil changes and flushing out fuel while in storage and have had zero issues in years with lots of use and hours put on. View Quote View All Quotes View All Quotes Quoted:
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The 2nd happiest day of a boat owners life is when they buy the boat. The happiest day of their life is when they sell it. Hardly true, except for those that just have a boat to have it. For others, it's more than that. This. Also I don't get the bust out another thousand crap. Like anything if you maintain it you will be fine. If you let it sit with the same fuel and oil and let shit get crusty over winter sure. I bought mine new and keep up with oil changes and flushing out fuel while in storage and have had zero issues in years with lots of use and hours put on. A thousand? Sheeeeeeiiiiiiiiit. The last sails I ordered were $18k for the mainsail,$10k each for 2 jibs and $9k for a spinnaker |
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I owned 1 boat in my entire life.
Sold it for more than I paid for it after about 3yrs I think. Was a 19' Seaswirl cuddy cabin model sitting on a nice galvanized trailer. Paid around $4K for it back in 1990 ( boat was approx. 5yrs old ) - sold it for $5500 3 yrs later. Only improvements I made was about $500 upholstery work and stuck in a cheap $200 car radio into the dash. Got plenty of use fishing / water ski and lake and Puget sound cruising. Sold it to the 1st guy to look at it - cash deal. |
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A thousand? Sheeeeeeiiiiiiiiit. The last sails I ordered were $18k for the mainsail,$10k each for 2 jibs and $9k for a spinnaker View Quote View All Quotes View All Quotes Quoted:
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The 2nd happiest day of a boat owners life is when they buy the boat. The happiest day of their life is when they sell it. Hardly true, except for those that just have a boat to have it. For others, it's more than that. This. Also I don't get the bust out another thousand crap. Like anything if you maintain it you will be fine. If you let it sit with the same fuel and oil and let shit get crusty over winter sure. I bought mine new and keep up with oil changes and flushing out fuel while in storage and have had zero issues in years with lots of use and hours put on. A thousand? Sheeeeeeiiiiiiiiit. The last sails I ordered were $18k for the mainsail,$10k each for 2 jibs and $9k for a spinnaker No wonder. You're one of those wind powered weirdos |
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The only time that I have felt envious of someone's wealth was when I watched a program on super yachts.
Seeing the yachts in person in various European ports is very impressive. Eta: The Khashoggi yacht was a floating palace. |
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some people go to strip clubs and spend money others go to sporting events the simple fact is, if you think spending money on something that you enjoy doing is dumping it into a hole then you are doing it wrong friend View Quote View All Quotes View All Quotes Quoted:
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The 2nd happiest day of a boat owners life is when they buy the boat. The happiest day of their life is when they sell it. anybody that says that was either never really interested in boating to begin with or has never owned a boat i have a boat slipped and 2 sea doo GTX's. maintenance is roughly $500 or less a year depending on maintenace interval for all 3 combined i love being on the water with family and friends and know several people that live on their boat a lot of half hearted "boaters" will buy a boat use it at first then park it and let it rot alll the while bitching about it not starting when they want to go out after 5 months at a time of it sitting there neglected I spent 18 months cruising around on my sailboat starting from the Great Lakes and sailing it south to the Bahamas. I guarantee that I spent a lot more money and invested a lot more time than you did. are we in a competition i didnt know about? lol If I had it to do over again knowing exactly what I know now and things were going to be no different I'd still do it again. However, when we sold our boat I never regretted it and I've never looked back. the parts in orange dont compute to me, sounds to me like you really enjoyed yourself and spent a good bit of money sailing in incredibly harsh waters. the great lakes and the ocean will take its toll on any equipment. Someday I'll pick myself up a little skiff to fish the flats with, but I also have no illusions that I'm not buying another hole in the water to dump money into; albeit a smaller hole, but a hole none the less. using this reasoning anything you enjoy doing is considered a "hole" some people go to strip clubs and spend money others go to sporting events the simple fact is, if you think spending money on something that you enjoy doing is dumping it into a hole then you are doing it wrong friend It's not a competition, you stated your background, I stated mine. And the fact of the matter is that we're on two different playing fields when it comes to enjoying time on the water. Neither is better, just different experiences, but you assumed that I wasn't interested in boating or had never owned a boat as evidence by your first sentence. As I said, I don't regret my various trips on my boat and to be perfectly honest if I had to do it over again I'd do it the same way as I said. However, I also harbor no illusions about the cost. Our various trips were very expensive from a lot of stand points involving money, interruptions of our careers, etc...but it was also very rewarding. Cross one more thing off our bucket list. We bought our boat with the intent of doing what we did, in fact we intended to do it longer but life's events got in the way. One of the things that I did observe is that most people choose the wrong boat for their intended use which results in unnecessary cost and frustrations. And that is where the hole in the water lies. If you feel that you're not getting the most bang out of your buck when it comes to you boat, or airplane, or what ever then it's a hole. The phrase: If it float, flies, or fucks then it's generally better to rent, exist for a reason. Now I am at the point where I just want to pole along and sight fish, I don't need anything more than that. And yes, the little flats skiff that I'm planning on buying will be a hole in the water that uses up money, and in the long run it will likely be cheaper for me to use a guide. However, there are other intangibles that you cannot really put a price on which will make up for the difference. It will certainly be cheaper than our off shore cruiser by a wide margin, but will cost me more than my kayaks currently cost. As with all things you mileage might vary; hope this clarifies. |
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I don't know if this really qualifies as a boat in the way OP thinks, but I own an 18" bass boat that was given to me by my dad. He bought it virtually brand new in 1978, it's a Bass King produced in the Seattle area from the old Chrysler tri-hull mold. Really the only major maintenance items are keeping it covered in the winter, and winterizing the engine. We have painted it every ten years or so. Dad and I (well, I handed him tools) rebuilt the wooden deck when I was about 6.
Of course it also needs to be licensed yearly, pretty small charge. So many people just don't maintain their boats, it's ridiculous. Just do the same things you would do with a car. It's really not hard or super expensive. Now that is coming from the perspective of fresh water boating. I probably wouldn't have this attitude if I owned a salt water boat. We live on a peninsula in the middle of the Puget Sound, with access to great boat launches in all directions, but I'll never put this boat in salt water. |
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It's not a competition, you stated your background, I stated mine. And the fact of the matter is that we're on two different playing fields when it comes to enjoying time on the water. Neither is better, just different experiences, but you assumed that I wasn't interested in boating or had never owned a boat as evidence by your first sentence. As I said, I don't regret my various trips on my boat and to be perfectly honest if I had to do it over again I'd do it the same way as I said. However, I also harbor no illusions about the cost. Our various trips were very expensive from a lot of stand points involving money, interruptions of our careers, etc...but it was also very rewarding. Cross one more thing off our bucket list. We bought our boat with the intent of doing what we did, in fact we intended to do it longer but life's events got in the way. One of the things that I did observe is that most people choose the wrong boat for their intended use which results in unnecessary cost and frustrations. And that is where the hole in the water lies. If you feel that you're not getting the most bang out of your buck when it comes to you boat, or airplane, or what ever then it's a hole. The phrase: If it float, flies, or fucks then it's generally better to rent, exist for a reason. Now I am at the point where I just want to pole along and sight fish, I don't need anything more than that. And yes, the little flats skiff that I'm planning on buying will be a hole in the water that uses up money, and in the long run it will likely be cheaper for me to use a guide. However, there are other intangibles that you cannot really put a price on which will make up for the difference. It will certainly be cheaper than our off shore cruiser by a wide margin, but will cost me more than my kayaks currently cost. As with all things you mileage might vary; hope this clarifies. View Quote View All Quotes View All Quotes Quoted:
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The 2nd happiest day of a boat owners life is when they buy the boat. The happiest day of their life is when they sell it. anybody that says that was either never really interested in boating to begin with or has never owned a boat i have a boat slipped and 2 sea doo GTX's. maintenance is roughly $500 or less a year depending on maintenace interval for all 3 combined i love being on the water with family and friends and know several people that live on their boat a lot of half hearted "boaters" will buy a boat use it at first then park it and let it rot alll the while bitching about it not starting when they want to go out after 5 months at a time of it sitting there neglected I spent 18 months cruising around on my sailboat starting from the Great Lakes and sailing it south to the Bahamas. I guarantee that I spent a lot more money and invested a lot more time than you did. are we in a competition i didnt know about? lol If I had it to do over again knowing exactly what I know now and things were going to be no different I'd still do it again. However, when we sold our boat I never regretted it and I've never looked back. the parts in orange dont compute to me, sounds to me like you really enjoyed yourself and spent a good bit of money sailing in incredibly harsh waters. the great lakes and the ocean will take its toll on any equipment. Someday I'll pick myself up a little skiff to fish the flats with, but I also have no illusions that I'm not buying another hole in the water to dump money into; albeit a smaller hole, but a hole none the less. using this reasoning anything you enjoy doing is considered a "hole" some people go to strip clubs and spend money others go to sporting events the simple fact is, if you think spending money on something that you enjoy doing is dumping it into a hole then you are doing it wrong friend It's not a competition, you stated your background, I stated mine. And the fact of the matter is that we're on two different playing fields when it comes to enjoying time on the water. Neither is better, just different experiences, but you assumed that I wasn't interested in boating or had never owned a boat as evidence by your first sentence. As I said, I don't regret my various trips on my boat and to be perfectly honest if I had to do it over again I'd do it the same way as I said. However, I also harbor no illusions about the cost. Our various trips were very expensive from a lot of stand points involving money, interruptions of our careers, etc...but it was also very rewarding. Cross one more thing off our bucket list. We bought our boat with the intent of doing what we did, in fact we intended to do it longer but life's events got in the way. One of the things that I did observe is that most people choose the wrong boat for their intended use which results in unnecessary cost and frustrations. And that is where the hole in the water lies. If you feel that you're not getting the most bang out of your buck when it comes to you boat, or airplane, or what ever then it's a hole. The phrase: If it float, flies, or fucks then it's generally better to rent, exist for a reason. Now I am at the point where I just want to pole along and sight fish, I don't need anything more than that. And yes, the little flats skiff that I'm planning on buying will be a hole in the water that uses up money, and in the long run it will likely be cheaper for me to use a guide. However, there are other intangibles that you cannot really put a price on which will make up for the difference. It will certainly be cheaper than our off shore cruiser by a wide margin, but will cost me more than my kayaks currently cost. As with all things you mileage might vary; hope this clarifies. despite your clarification my final sentence stands things that you enjoy doing usually cost money i consider spending money on hobbies that i enjoy as money well spent the fact that you consider it money wasted tells me you may not have enjoyed yourself as much as you put on (part in red sums it up) good example i used to off road and rock climb in a 86 k5 blazer. i spent quite a bit of money on tires, lift, motor, axles, winch, tools and all kinds of parts and repair just to tear shit up and spend more. every time i took it out something would break. some people people would say the same thing "its a hole to throw money in" but i enjoyed it. hobbies cost money. any other way and you just sit at the house naked watching T.V. |
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I hardly ever even crank the outboards on my three boats anymore. Trolling motor battery always gets a workout though.
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The question applies to new pontoon boats as much as it does to mega yachts. The new high end tri-toon boats will set you back $40,000 to $50,000. Granted they will let you finance them for 15 or 20 years but still who has the money to make that payment, pay for all the fuel it uses, pay a few thousand for a slip or have a truck good enough to tow it to the lake every weekend?
How are people affording these $300,000 homes, $50,000 truck, and $50,000 boat in areas that have almost no jobs and the median income is around $30,000. I don't get it.
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I have a 2006 Tiara 2900 open parked in the water behind the house, love it. Being permanently in the water I am a stickler for maintenance but do a lot of the stuff on the engines and generator myself. Wash it once a week myself and have it detailed and waxed once a month or so. Every two years, pull it out of the water and recoat the hull. After all that expense, it is nothing compared to the cost of gas. About 200gallons per week if averaged over the year
Looking at buying one to put in the keys near my condo now |
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By owning a cheap boat, and small motor (9.9hp). I spend maybe $200 a year, including tax and registration.
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I'm limited to the size boat that I can tow behind my moms car.... When she will loan it to me. |
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I have a 12' microcraft and a 1977 15 horse Johnson,total cost of ownership $0.My dog mainly uses it as a house.
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For a boat like that, be very rich.
The rest of us shmucks do our own maintenance and try to use care on the water so we don't hit a stump to avoid costly repairs. |
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