How many 20 somethings do we have on the Board?
03-11-2002, 03:25 PM
#42
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Location: Lake St Clair, Michigan
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Just a tidbid here and I dont know why I say this, but I bought my cat at 19 yrs old, and took a 5 year loan on it, and till it was paid off there was no way to buy a house till after that bill was gone. I saved for 2 years and bought my house, then my 32 advantage. In hindsight I would have prioritized it differently, but luckily it all worked out for me in the end.
Sunday, I ran into a customer that bought a new Advantage 21sr w/a 300 pro max on it last spring, he's a 20 something, and loves the boat, but it's time for him to leave the nest, and he hates to do it, but he now is talking priorities, and wants to sell his boat. We all do/did it, but the 5 years I stalled sure made houses cost ALOT more then they were with appreciaton, vs depreciation of a boat. Trust me, I havent prioritized much differently, my boat payment is more than my house payment... Just food for thought
I figure IF I had not bought the cat, saved for 2 years and got a house at 22 instead of 26, the house would have cost around $70-$80,000 less, due to how they appreciate so much and then add the 5 years of boat payments and intrest, gas, repairs, big beer bill. I figure, a really conservative estimate so I dont feel really bad would be that It cost me way more than $110,000 extra for my house in the end, but probably alot more than that. In equity all that money would have paid for my 32. Something to think about I guess... priorities!! I still dont have any though, so I'll shut up now.
Hey Too Old, does this mean I'm growing up?? Anyone that knows me sure wouldnt think so, but I think about things a little now before I do them...
Sunday, I ran into a customer that bought a new Advantage 21sr w/a 300 pro max on it last spring, he's a 20 something, and loves the boat, but it's time for him to leave the nest, and he hates to do it, but he now is talking priorities, and wants to sell his boat. We all do/did it, but the 5 years I stalled sure made houses cost ALOT more then they were with appreciaton, vs depreciation of a boat. Trust me, I havent prioritized much differently, my boat payment is more than my house payment... Just food for thought
I figure IF I had not bought the cat, saved for 2 years and got a house at 22 instead of 26, the house would have cost around $70-$80,000 less, due to how they appreciate so much and then add the 5 years of boat payments and intrest, gas, repairs, big beer bill. I figure, a really conservative estimate so I dont feel really bad would be that It cost me way more than $110,000 extra for my house in the end, but probably alot more than that. In equity all that money would have paid for my 32. Something to think about I guess... priorities!! I still dont have any though, so I'll shut up now.
Hey Too Old, does this mean I'm growing up?? Anyone that knows me sure wouldnt think so, but I think about things a little now before I do them...
Last edited by Advantage_Rob; 03-11-2002 at 05:00 PM.
03-11-2002, 04:15 PM
#45
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You make a great point Rob....I bought my house when I was 23, with one of the main reasons being I wanted a garage to work on the boat....then I used a small piece of the equity to buy the Donzi....
But, it's an endless cycle - because this boat is too big to store at the house, so I'm really stuck with the boat I've got until I can afford to upgrade the house first....damn responsibility is frustrating sometimes!!
-EG
But, it's an endless cycle - because this boat is too big to store at the house, so I'm really stuck with the boat I've got until I can afford to upgrade the house first....damn responsibility is frustrating sometimes!!
-EG
03-11-2002, 04:54 PM
#47
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Just trying to help others from what I've learned... The housing market here is pretty expensive, and I know it's different everywhere, but appreciation is constant making it harder and harder to get into the longer you wait, that will always hold true. It defintiely outpaces my pay raises!!!
03-11-2002, 05:59 PM
#49
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good to see other guys my age too also, nice to see the diffent backgrounds with boating. I am new to performance boating also, only 3yrs this summer. 2yrs ago I thought heck this boat will do 60 thats fast enough why would you want to go faster. Guess thats what I get for spending my life crusing at 15-20knts. My dads buddy has a 42'grand banks we are always joking around about racing, I just say anytime I will just leave it in gear and no throttle. Its fun being young in cruiser land. 
Guess thats what I get for spending my life crusing at 15-20knts. My dads buddy has a 42'grand banks we are always joking around about racing, I just say anytime I will just leave it in gear and no throttle. Its fun being young in cruiser land.
03-11-2002, 08:09 PM
#50
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I definately appreciate the age, profession, and background differentiation that boating and its participants bring to the table. The friends I have made over the years are so different from friends I may have had in High School and College. The funny fact that some of my friends are my parents age.
And for those who try and use financial logic in boating, your wasting your time. I sell new homes, and there isn't a more solid thing to buy right now, but what do you do on the weekends when your boating buds are out. Buy a nice new medium size house, and a big boat, the best of both worlds. ( I know just the company to build it too!) 
And for ADV ROB, weve been averaging about 5% price increases a year for the past four years hear on the west side. And property is just going up. New Homes are the way to go!
And for those who try and use financial logic in boating, your wasting your time. I sell new homes, and there isn't a more solid thing to buy right now, but what do you do on the weekends when your boating buds are out. Buy a nice new medium size house, and a big boat, the best of both worlds. ( I know just the company to build it too!)
And for ADV ROB, weve been averaging about 5% price increases a year for the past four years hear on the west side. And property is just going up. New Homes are the way to go!
