Yachts are a money pit. However, If I felt compelled to retire onto …

Understood, 1-5% is more typical personally. I'm running a 35 ft Beneteau and it's not as bad as most people suggest. Planes, however, that is a money pit. Boats are a great way to travel …

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Yachts Are A Money Pit. However, If I Felt Compelled To Retire Onto …

2 weeks from now

Understood, 1-5% is more typical personally. I'm running a 35 ft Beneteau and it's not as bad as most people suggest. Planes, however, that is a money pit. Boats are a great way to travel …

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Are Boats Really Money Pits? : R/boats - Reddit

2 weeks from now

its 10% of the boat value new annually. any vehicles are huge money pits. but realistically boats give you capability. in my case my boat gives me the ability to cross continents and have …

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Is Buying A Yacht Worth It? : R/fatFIRE - Reddit

2 weeks from now

If I were in my 60's and worth $100M, I'm definitely gonna go buy that yacht. Of course, you can't buy a new one every year, but that yacht should last you 5-10 years atleast. And on $100M, …

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FAQs about Yachts are a money pit. However, If I felt compelled to retire onto … Coupon?

Is a boat a Money Pit?

Many soon end up regretting their decision as they realize that the total boat cost is not limited to the price you pay at the time of purchase. Its upkeep requires substantial funding, which is why people often term it a “money pit”. ...

Are boats a waste of money?

Boats are only a waste of money “if YOU make a mistake”. It comes down to “a lack of considering all the facts” before buying your first boat. A few ways people make boat ownership too expensive are: Buying a boat that impresses your friends, but hurts you financially. Purchasing a boat without fully inspecting it for defects. ...

Why is boat ownership so expensive?

A few ways people make boat ownership too expensive are: Buying a boat that impresses your friends, but hurts you financially. Purchasing a boat without fully inspecting it for defects. Buying a pontoon boat to go wakeboarding. (You need the right style boat for the type of activities you want to enjoy) Where you are going to keep it. ...

Are You wasting money on boating?

One thing for sure is, whether you have a classic car, an airplane, a pool, or a boat, someone is going to say you are wasting your money. The fact is, nobody else can actually determine if you’re wasting money on your hobby. Only you can place a value on the enjoyment you get from boating. ...

Is a boat a good investment?

Whether a boat is a good investment or not largely depends upon the size of the boat and your budget. If you can afford a yacht, then, by all means, buy one. But if you can’t, then there’s really no need to overshoot your budget as you will for sure end up regretting it. The thing with boats is that they depreciate quicker than you may realize. ...

Is boat maintenance a good investment?

If you’ve been around a few boat owners, you probably know exactly how hard it is to maintain a boat. By no means is this a cheap or low maintenance investment. In fact, it may not even be a good investment. Before we dive into its cost-benefit analysis, let’s talk about its maintenance costs. ...