Wonder about chartering a boat versus owning share or partnership !
I am currently restoring a 1934 historic schooner in Napa,CA ,and sure enough run out of funds to finish her
I try to find a parner (50%) but no luck !!
I realised that if somebody has this kind of money and time he/her will certainly buy his/her own boat
On the other hand a lot of sailors have busy lives with lots of commitments (mortgage,family,work,kids education....), and can not realistically own a big boat
So what the solution for them :
Own shares in a syndicate : that lower the cost of ownership but generally the boat is stuck in one place or is used for charter !
Charter a boat : good solution, you pay,fly to some exotic location, sail around and back home until next year
But if you think twice and use a calculator ,after a few years it comes to a neat sum of money spend and you get no return on it
So, I come to this idea to sold 1/12th shares of my boat for one month/year usage (it's not timeshare ! you are 1/12th owner of the boat !) .
The idea is to sail the boat intensively for a few years and sold her >
Work out the maths :
A $ 20,000.00/1/12th share should be worth much more than its original value even when we count expenses for maintenance, replacing equipment,.. on resale of the boat .
Now if you add to that the cost of chartering a 50' yacht one month every year at what?? $ 10,000.00 ?? you come way ahead
Funnily enough It does not seem to atract any interest
I wonder why ??
It seems to me (but I am partial
) to be a fair and honest deal
Anyway, your comments are asked !!
Here is my website so you can see what I am talking about :