I'm not saying there aren't any young people that own their own cruising boats, but they are a rare encounter. I have yet to meet anyone in my marina under 25 who owns their own boat. Oh sure, there are quite a few who operate them and claim that the boat is theirs, but almost every time it turns out that the boat actually belongs to daddy and the kids get unlimited use, and "claim" that the boat is "theirs". Kudos to the kids who actually buy their own boat, pay the payments, pay the insurance, slip fees, maintenance costs, etc....but they are far and few between.
It makes me laugh sometimes...my very best friend loves to tell people he has a lake house....and a boat....and brag about spending weekends there...the reality is the lake house belongs to his mother in law, the boat belongs to the grandfather (who owned the lake house and gave it to his daughter)....but he seems to think that because he married into it, that the property is his....and no, the inheritance will eventually go to the older children.
Hi, nice to meet you!
23 year old sailboat owner here. Title and registration are in my name (just like my car.)
I pay my slip fees, haul outs, do all the work myself (with a few borrowed tools to be honest!) I plan and single hand my own trips and will be moving aboard once the heat of the summer falls off a bit (early september)
I am the youngest owner by far at my marina and the only other few couples who are around my age (early 30's) are married. I am definently the odd man out!
However, it IS expensive. I have had to postpone putting in ventilating portholes and new dorades due to an unforseen problem with the pressure plate in my bell housing unit. Also, had to do a re-haul the day after my bottom job because the old packing mtrl had dried out and was allowing a steady trickle of water in. Was not an expensive fix but haul-outs aint cheap!
I pay about 168$ month for my slip and 400$ for rent. Own the car outright and pay insurance once every 6 months. Boat registrations paid through AUG 2012. Do not have insurance on it yet.. unless it carried over which I do not think it does? Anyway, marina hasnt required me to get it and as long as I have it by the time I depart for the Abacos I will be fine.
Anyway, just wanted to introduce myself and say hello! We are a rare breed but we are out there!