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Boat owners 2 happiest days: When he buys the thing, when he sells it

DrQ

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HICV, Westgate (second cousin, twice removed)

'Ghost ship' belongs to Texas man whose world sailing dreams might be dashed​

The Coast Guard plucked Michael Barlow, 39, out of the Gulf of Mexico as he was forced to abandon a sailboat that survived Hurricane Alberto and washed up in Pensacola, Florida.

The Catherine pushed off from Fort Pierce on May 21, Barlow said, with plans to dock in Rockport, Texas, where he was closing down an excavation business and selling off belongings to start a new wandering life.​
...​
Barlow and a friend were headed back to Texas when high winds and massive waves that would eventually become Hurricane Alberto lashed the Catherine and rendered it inoperable.​
...​
Barlow picked a rescue over the boat he purchased for $80,000.​
...​
He could pay $20,000 to have the Catherine taken to dry dock for repairs that could very well total more than its pre-Alberto value.​
Or he could shell out about $28,000 to simply have the vessel taken away and demolished, which would at least stop the financial hemorrhage.​
240630-ghost-ship-pensacola-beach-florida-vl-350p-cfd42a.jpg


 

CalGalTraveler

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Much harder to sell than a timeshare because buyers are geographically limited to where the boat is located and potential buyers want a water test.

We had fun but relieved when we sold it. The title of this threat is true!
 
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easyrider

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Palm Springs of Washinton
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Worldmark * * Villa Del Palmar UVCI * * Vacation Internationale*
My old Crusier has become the grand kids club house in the back of one of the properties. To make it more fun, I put a charged battery in to operate the radios both for music and for me to talk to them on the vhf. The kids outgrow these types of things. I should sell that boat but there is a new generation of kids that might want a club house boat in a few years.

Bill
 

pedro47

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I agree it is awesome to own a boat. But joy comes when you unload that boat. IMHO
 

Brett

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I've owned several boats, ---- yeah, the thread's title is true

But I had fun boating. I now borrow my relative's Jet Ski
 

Passepartout

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True, but an $80,000 RV usually doesn't cost $28,000 to scrap.
Nope, but I'd wager that more than a few 'Covid RVs' that were bought for $80k during the pandemic have depreciated at least $30K.
At least Michael Barlow survived his little sailing adventure.
 

am1

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I was told of the 3 f's. But I do want a jet ski but no where available to marina it and I do not want to be a tour guide of it for people who want a spin but cannot ride a bicycle. My sons are now 11 so could take on that job. I would just have to find the mechanic, trailer it and keep it filled with gas.
 

WinniWoman

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The Weirs, New Hampshire
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Innseason Pollard Brook
Living right in the heart of an extremely popular boating area, it’s hard not to be jealous of those who have boats. My husband would love it for fishing. I would love it just to explore the lake and make it easier to get to some of the other towns here.

When we first moved here a stranger asked us if we owned a boat. When we said no he said “ oh you will!”. 😢

But the thing is - besides the cost of purchasing and maintaining a boat- our home isn’t on the lake, it’s up the road. We have no property to store a boat and trailor on (and who wants to constantly have to bring it to and get it in the water), which means we’d need to join a marina or a yacht club (boat timeshare), meaning more money.

I always liked the idea of a small boat with oars and an electric motor, but again, still an issue of storing and transporting. Our neighbor has one, but he has a big garage he keeps it in and a pick up truck he puts it in and he travels up to a smaller lake to fly fish. He used to keep a pontoon boat on another lake before he and his wife moved here when they had a mobile home at a summer resort not far from here, but sold it when they moved . Said they got enough use out of it and the family grew up and out.

Oh and then there’s the fact that we have a long winter here, so basically only can use a boat maybe 4-5 months per year.

All in all, I like being IN the water so I’m happy with floating and swimming off the beaches, and hubby fishes off docks and rocks. And we occasionally can pay to take the mail boat out or the MS Mt Washington. We’ve talked about renting a boat, but have never done so. Don’t need a boating license for the smaller boats with 25 horse power motors.
 
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CalGalTraveler

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Indeed. There are a lot of hidden costs. We also had to pay for storage because we had no room on our property and our HOA does not allow boats and RVs on the driveway or street. (Not a bad thing IMO).

We paid $100 / mo for dry storage at the cheapest place we could find. That's $1200/year just to store. After we sold the buyers could not believe our grandfathered price because they wer quoted $150 or more. Thats a TS MF right there. Then mechanic to service every year ($1000), fixing upholstery or canvas, ramp fees, licensing fees, freshwater mussel inspection fees..

It was fun but glad it's gone.
 

jorcus

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I was pretty sad the day I sold my boat. I did not have the time to use it so it was sitting around for a few years. It was a good boat for what I was using it for. It did cost a lot to dock it and pay for up keep but I was using it a few times a week in the summer. I resist the temptation to buy another because people I know need me to fish with them. If the right one came along it would be hard to say no.
 
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