Not going to give personal specifics either but agree with BigNick.
I think for 30 something boat owners the ratio is more like 10:1.
A lot of new boats are bought by newly retired folks either with a pension lump sum or by downsizing homes in which case the 4:1 number might be more realistic.
We're about the same as BigNick (ought to be little Nick, he's smaller than me!). BUT if you add all of the money we've spent on her over 10 years the ratio is nearer to 60:40 house:boat!
well .. you're not just not up with the blairs are you .. ? with the help of a conman and cherie's tears you didn't buy two flats at c£250k each in bristol for the kids student days and (kicking the brats out) rent them out to a defence contractor who just happens to have just been paid £20m to ensure our army doesn't get sent to war again with **** equipment. the execs who are doing this now have somewhere to sleep at night but at a cost (if achieve rent similar to others) of c£25k pa each flat ...
oh what a surprise .. the same company's building two new boats for us (aircraft carriers) ... so the ratio is £4bn to £25k in boaty income terms or £250k in boaty capital terms per boat. very cost effective, don't you think?
heaven forfend ... i'm no cynic but why not go the whole hog and name one HMS Jack Straw (well, if condaleeza can get a boat named after her, why not him) and t'other HMS Cherie Blair ...
did wonder if those wonderful french engines so beloved of Mirrelle (v. efficient single screw and v. slow - the pyschiatric equivalent of an ASBO) will be fitted as Thales is a french cpy ....
How come when you spend money on a boat, which you must whenever you use it, its value goes down. Which is the converse of a house where the value generally rises. Surely it's more appropriate to give the calculation a time-frame, as in: purchase house/can't afford a boat. live in house many years, see some appreciation, remortgage/buy boat probably that's where you see the sort of ratios mentioned in the thread, or sell house/live in boat, better ratio/better quality of life/lose money/who cares.
purchase house/can't afford a boat. live in house many years, see some appreciation, remortgage/buy boat probably that's where you see the sort of ratios mentioned in the thread, or sell house/live in boat, better ratio/better quality of life/lose money/who cares
The easiest way to achieve a reasonable ratio is to boot out kids( love 'em really - I mean once they leave home) and buy smaller house and use difference to pay for boat.
Bugger its leaked out. I was trying to keep that plan secret. The hidden adgenda is to ensure that the next house will be small enough to stop the little darlings moving back in after university.
Rest assured, they will find a way back for Xmas, etc. We live in a two bed and have bought a marquee which gets put up every holiday to put the dinner table into. We get thrown out of our extremely comfy bed and live in one of our cabins in the garden. Have to say that I quite like it really.
One of the benefits of having the boat at the bottom of the garden, Is that I get to sleep in the quiet of the aft cabin when the hordes descend. Only problem is now that we will be living by the coast, we seem to have far more applications from visitors than was the norm in Manchester. ;-)
House Value vs Boat Value
Linear Mode
