Join Date: Aug 2009
Location: Durham, NC
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Older boat or newer boat - pros and cons
My top 2 choices for a blue water boat to do a 1 year sabbatical cruise in the caribbean are a Hylas 46 or 49 and a Halberg Rassey 45 or 49. I know both are great boats. We own our house (no mortgage) and my first thought was to buy one of these boats with a 15-20% down payment and then let the rent from our house pay "most" of the payment on the boat. We would use our savings to sail for a year and if we enjoy ourselves and want to do more, simply live on the boat continue to rent the house and save for another 6 mos to 1 year trip. This seems like a pretty good plan to me.
Or should I sell the house and simply live on the boat. The downside to this is, we no longer have a house to return to and WE pay for the boat instead of the person renting our house.
Any feed back is welcome.