I'm 23, soon 24. The reason I have no savings and don't want to right now is because I wasted my younger years working full time and realized what a waste it is to spend my youngest most active/healthy years slaving away for the profit of someone else. It might be the responsible/adult style, but it's not my style.
I quit my decently paying full time job 2 years ago and moved to Japan and have been adventuring here ever since. I love it here but I want to go sailing and see some more of the world, and more of Japan. Buying a boat is better done in North America where prices are much cheaper. I'll sail whatever I buy back to Japan once it's ready. I'm willing to stick in one place for a few months if I need to save up a few grand but I'm not going to go back to the old grind, it's not for me.
As to why everyone keeps saying run away from this boat: Are there any specific reasons why? Details please. Not trying to be argumentative, it's just that I recall about 10 years ago I stumbled on an old salvaged power boat in similar shape, though the gelcoat crazing was not as widespread. Anyway I managed to restore that by myself, including a big hole in the fiberglass, and the boat as far as I know is still in use today.
What's so bad about this boat that I'm missing and everyone else is seeing? Dirt and bad paint make a boat look a lot worse than it is, I'm not seeing what everyone else is.
Keep in mind that this boat, while not quite free, is nearly so, and a Vega in poor to barely fair condition sells for 6-7000. A Vega in decent condition goes for over 10,000.
I had worked out the restoration costs like this. Everything will be DIY, there is no point in paying people to fix a boat this rough:
Sanding materials, solvents, clear or white gelcoat, bottom and topside paint, interior paint, antiskid paint: Approx $1,000 to $1,500 (This is realistic for materials, I priced it out online and allowed for 2gal of extra paint/waste)
New woodwork: Approx $1,000 materials cost. Decent but cheap marine plywood is good enough for me. White formica overlays. I think I will enroll in a college woodworking course to gain free access to the shop facilities, either that or get a job at a furniture manufacturer until the woodwork is done. A lot of the wood already in the boat is savable but needs new formica.
New through hulls, sink, stove, misc: $1,000 to $1,500. If I can find used stuff I'll take it.
New electrical: Not sure. Anywhere from $500 to $1500. Replacing the wiring can't be that expensive even with high metal prices these days, but you never know. $1500 max. I have some electrician friends who can help me out with this for a few cases of beer.
Sails: Don't know. I will need to buy used or make my own, new sails cost too much. I see heavyweight dacron on sale online for under 25$ a yard for 54" rolls. I used to work in the high end printing industry where we use material like that for heavyweight banners so I can probably get some dacron from my old suppliers for way cheaper than retail price. I also have a heavy duty sewing machine already and know how to use it, but I can handsew if my machine can't handle the material. The boat comes with the old sails so I can copy everything.
Engine: $500. If I can't rebuild the current engine cheaply I will look for a used similar engine for cheap, hey it happens. I can do all the engine work myself, rebuilding is not a problem. If I can't find a cheap inboard I'll haul it out and put on a small outboard. The boat actually has a bracket already but I don't like it so I'll get a friend to fabricate one if necessary. Beer payment for that.
Storage space: Surprisingly the most difficult hurdle. I'd love to bring it down to Florida where my family has some property but I can't work in the US (I'm Canadian) so it's no go. Similarly working in -20c weather in the Toronto winter is impossible. I'm still looking around for tall heated garage space that's not too expensive.
Anything I'm missing?
Last edited by paradoxbox; 08-25-2009 at 10:32 AM.