offroad
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Bob posted this great reference article a while back. But having trouble understanding the costs mentioned.
It says bottom line $30,000 per year to live at a dock. But also mentioned it costs $30,000 worst case to get a boat. Assume it means that the living costs typical all combined is $30,000 a year?
http://www.cheaprvliving.com/other-conversions/boat/
So if I bought a boat (much cheaper than a condominium purchase) and I rented a slip, it looks like my costs could be below $1000 per month. Basically a five year loan on $30000 is $600 monthly, and a slip can be found with electric for $400 a month. After five years you sell the boat and get back half your money. Its kind of a real good deal, and way better than renting an apartment.
It says bottom line $30,000 per year to live at a dock. But also mentioned it costs $30,000 worst case to get a boat. Assume it means that the living costs typical all combined is $30,000 a year?
http://www.cheaprvliving.com/other-conversions/boat/
So if I bought a boat (much cheaper than a condominium purchase) and I rented a slip, it looks like my costs could be below $1000 per month. Basically a five year loan on $30000 is $600 monthly, and a slip can be found with electric for $400 a month. After five years you sell the boat and get back half your money. Its kind of a real good deal, and way better than renting an apartment.