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Go Back   SailNet Community > Out There > Cruising & Liveaboard Forum > Living Aboard > Real Cost
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Topic Review (Newest First)
10-10-2013 03:17 PM
miatapaul
Re: Real Cost

Quote:
Originally Posted by redrider7202 View Post
You can get a 1999 Porsche 911 for around the cost of a Civic, do the work myself, assuming I don't run into the dreaded IMS failure and take out the engine it shouldn't be to bad to run. But yes, I do tend to have expensive taste. I also grew up making 5 an hour working for my dad in a manufacturing plant (he owned it) busting my ass so I tend to be... frugal. A lot of finance calculators will say I can afford around 50% to twice what I actually could bring myself to do when it comes to buying a house or car.

As for the 401k, i'm doing the max my company will match, and then more then that again personally.
While the initial investment is low on the 911, it is actually just like a boat. The cost of the boat/car is just the start. Oil change on a 911 will cost several times what one would cost on a Civic. You start off with a filter that is 25.00 + 15 in seals and crush rings + 9 qts of synthetic ($100) (and you don't want to use off the shelf for either) total of $140 vs $6.00 and 4 qts of dino oil total of $20. And that is just oil change. Every expense on the Porsche is going to be several time more. Not that I would want anyone I know in a civic. There are much better cars out there, and if you want to go fast look into a WRX.

Same issue with a boat sure they aren't that expensive to get into, but are expensive to maintain correctly.
10-09-2013 04:33 PM
JohnJohn23
Re: Real Cost

Maybe you can try it out before you decide, living on a boat is very specific lifestyle and does not suit for everyone.
10-09-2013 10:26 AM
Rhapsody-NS27
Re: Real Cost

Quote:
Originally Posted by redrider7202 View Post
The Porsche is just to satisfy the need for speed.
It's overrated.

I lived in Germany for a couple years and drove pretty fast on the autobahn, normally 110-120mph and a few times up to 130mph. It really didn't take long to get board of it.

But, if that's what you want to do, go for it. It's your finances that you'll have to deal with if something doesn't quite work out in the future. Spending more money now just for a little fun won't help you much for realizing your dream in the future. Spending a little less on a different car now could help you build your savings (adding more with the accrued interest along the way) and could end up getting a nicer boat later on.
10-09-2013 09:44 AM
CaptainForce
Re: Real Cost

Liveaboard slips can be found from the Chesapeake and down through Florida for about $11/ft/month. New Jersey and North is generally more expensive and the resort marinas in South Florida are more expensive. Places can be found for less by shopping around, but they may be in less desirable locations. There are also places that have rates of $25/ft/month, but they don't appear to offer any justification for these rates other than to appear exclusive.
10-08-2013 11:39 PM
xort Make damn sure you change oil and filter at 3000 miles or less on that 9 3 or else! Common problem, do not follow the recommended interval
10-08-2013 11:10 PM
MikeGuyver
Re: Real Cost

Well...OK. Maybe what size slip and location may help him a little. I suppose east coast and so. cal. are a lot more expensive.
10-08-2013 09:15 PM
CaptainForce
Re: Real Cost

Quote:
Originally Posted by MikeGuyver View Post
Ok, The OP asked what it really costs didn't he? Well I haven't seen any real numbers, so I'll start with this. .......
I gave a "real number" back in post #5 when I said that our current rate is $500/month and this matches your rate as it includes non-metered electricity and all liveaboard fees and utilities.
10-08-2013 06:57 PM
MikeGuyver
Re: Real Cost

Ok, The OP asked what it really costs didn't he? Well I haven't seen any real numbers, so I'll start with this.
My wife and I live aboard a 39' Catalina in Portland Oregon We have a 40' slip to cover the overall length. We pay $279.00 mo. plus $125.00 for a live aboard fee which covers water,garbage, showers, parking & free ice if you need it. We use a combination of 1 small space heater and a Dickinson propane heater, we cook with propane, we never use the marina shower simply because it's less hastle using our own. Our elect. bill goes from $15.00 in summer to $110.00 in feb. in winter we use about 6-10 gal. of propane per month at $2.79/gal. Other than that, what boat repairs are necessary will depend on your boat and how you use it.
Hope the numbers will help you in making your decisions.
ps. welcome aboard
I'm retired electrician/marine mechanic so I don't usually need any outside help.
10-08-2013 04:16 PM
redrider7202
Re: Real Cost

Personally I love the triple at WFO. I have only made my peice with one twin out of the handful i've ridden, which was my friends SV1000.

And thanks for the data point. Sounds like for doing it today I'd be comfortable calling it 50k a year for a 30something (maybe 40) foot monohull.
10-08-2013 04:00 PM
TQA
Re: Real Cost

There are people getting by on $5k a year on the hook, scraping their bottom themselves and eating simply.

Low end is usually about $20k a year.

But buy a 50ft cat and plan to stay in marinas then $20k won't cover your marina bill and it will be WAAAAY more than that in parts of the Med.

BTW keep the ride. Life is to short to drive something boring. Mine was a Ducati and I spent to much but boy when those Termagonis were wailing it was all worth while.
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