Not try to confuse the OP further, you don't need to buy a boat to enjoy sailing. I have been using a time-share sail boat for two years. I am happy with it. The reasons:
1. After all these years (since 2006), I still can't make up my mind what I should buy When in doubt, I hold on my money and let it makes even more money.
2. Like every toys I have, do it right the first time is the least expensive, and happier I will be.
3. I can't commit enough time to use the boat to justify to buy mine own.
4. Buying a new one would be nice, but don't feel like being a sucker. So far, I only know how to earn money slowly, and not quite know how to print money yet.
5. Buy an old boat, it will be fun to bring her back to life. But my Honey Do's list is way too long AS NOW. Don't want to open another can of worms.
Reasons for a time share boat:
1. Let me pretend as if I were a captain.
2. Very reasonable rate, just same $ as the cost of a slip in the prime marina in Annapolis.
3. No maintenance, no upkeep, no worries. no pump out. If Hurricane is on its way, who cares
4. Boat is newer with all amenities
5. If I have an accident, my out of pocket cost is $500. If I have no accident, I will get my $1500 back when i leave the program.
6. buy me some more time before I commit 100K to 250K of my hard earned money.
7. Wife is no going to nagging me why buy a boat and have her sitting on the dock. It allows to work as much as i want.
8. Give me more chance to crew with other captains. Learn from others more
Why does it suck with a time share
1. You can't name your own boat
2. You can't sail anytime you wish.
3. You must return the boat at a pre-agreed time.
4. You need to tidy up her before you leave
A time share is not for everyone. But it works for me. My wife is happy