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post #36 of Old 01-19-2011
Tim R.
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Location: Portland, Maine
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We were looking at larger(45-47) boats and found one that was newer but only 40ft. But the layout of the 40 made it feel bigger than the 47s. The problem is that we were looking at boats with large aft cabins. Then we realised that we will spend ver little time in the aft cabin and mostly asleep. A large aft cabin usually means a CC boat and I really did not want a CC. We ended up buying a 1997 Caliber 40lrc.

We sold our house, one car and most of all our belongings. Our house had a mortgage but we were solvent. We bought the boat with cash so our saving benefit may be more than others. We also walk to work which save a lot on gas and vehicle maintenance.

House expenses = ~$25,000/yr (mortgage, taxes, insurance for house and additional car, fuel oil, cable TV, internet, electricity)
Boat expenses = ~$10,500/yr (slip fee, 6 month of electricity, diesel(heat), storage unit, full boat insurance)

* does not include mainenance as they cancel each other out generally.

We are saving a boatload of money. But we are in our 40s and have put a lot of equity into our home and also benefitted from the real estate market conditions when we sold. We bought the house at bargain prices and then spent about $35,000 renovating. We actually made money living in our house for 12 years. Our house expenses are high because we insured 2 cars, had full cable TV and internet(included in slip fee). Our heating bills have gone way down. Even though the boat is not well insulated it is a smaller space to heat.

We were fortunate that we did not get the itch to live aboard until we had already acquired some assets.

So financially it works great for us and we are as comfortable onboard as we were in the house. We are also very green now relying largely on solar and wind for most of the year.

Tim R.
Our Carina is for sale
1997 Caliber 40LRC

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