Banks don’t care what you do with your money, but they are real concerned that you might sail away with there’s.
@alexdunphy37162 жыл бұрын
Tell that to blackrock
@getawaydreamer2724 Жыл бұрын
Excellent statement.
@PariahSojourner2 жыл бұрын
I'm 58 and lost everything in the pandemic. And I mean everything! Last year I literally used the last of my money (not much) and the pandemic "handout" to fund a bicycle trip up the west coast to see what there was to see, AND to figure out just WTH I'm going to do with the rest of my life. I just landed a job driving a Metro bus and am now starting from scratch. Buying a sailboat and living aboard it has long been on my bucket-list, and, well, I want to do things differently this time and I'm going to follow that dream. I know it'll take time to scrimp and save the very minimum of money to do the deed, but I've got the will, and some time to do it right, so I figure I've got about a year or two to learn as much as possible about sailing and buying a boat. I've watched a few vids before I found yours here and must say, your suggestions are by far the most comprehensive out of what I've watched so far, and I'm going to write them down for future reference. Now, the sailboat I eventually buy won't be much more than 30' if that, and it won't have all the bells and whistles, but I'm good with that. As long as she's seaworthy for the longhaul, I'll be comfortable. I appreciate the motivation and what you said about how society works at the start of your video I fully agree with. Hell, I've lived it. Be well, and good sailing to you and yours!!
@Henry-gb8cl Жыл бұрын
Good luck man, you can do it!
@murphmurph2124 Жыл бұрын
Go for it! It's doable,
@rjnogel3 ай бұрын
Best of luck. You're young enough to make it happen.
@twostevensinau3 жыл бұрын
I watch a ton of these videos... by far the best I have ever seen. Sailing La Vagabond my butt - this is a good video!
@vanodyssey16592 жыл бұрын
Love the philosophical / sociological perspective at the beginning.
@harryknickerbocker98894 жыл бұрын
Great information. I've been living aboard and cruising since the early eighties. Wouldn't go through life any other way. One of the things you discover fairly early is that many land lubbers living in shore side condos or houses dislike having free spirits anchor their boats in the local anchorages. There's a lot of friction between these two groups. Florida is particularly bad. Also, you need to tell your audience the make of your boat. I believe its a C&C 44 made in Canada. (They make great boats up there). I just bought a C&C 41 at a good price. These are wonderful boats. This is the third C&C I've owned. Good luck....
@MrJamesdean4354 жыл бұрын
Your are Spot on with your comments on the System, it's a never ending story and I have been looking for my way out, I commend you and living your dream, great work.
@sailingavocet4 жыл бұрын
yup!
@philzail25324 жыл бұрын
But! I just started watching a couple that sold their house and bought a cat. Moving from Fla to Puerto Rico. They planned to start a business with their cat. The last vlog they posted was, Hurricane Maria was coming.
@mswendy97063 жыл бұрын
AGENDA 21..... That's the enslavement plan
@charonstyxferryman3 жыл бұрын
@@philzail2532 Don't assume too much. Expect no or a really bad internet connection - out on the ocean and in remote places.
@philzail25323 жыл бұрын
@@charonstyxferryman Lars I'm assuming they had no weather data. Since I posted before, I came across this. They had financed the cat also. That's it! kzbin.info/www/bejne/rpPXaWqVrceGatE
@DerfyPoo Жыл бұрын
You put what I’ve felt and thought into words (the way society is structured to keep people conformed) I appreciate your words and tip my hat sir. Hope to see y’all out there sooner than later. Be safe out there!
@-Oclock4 жыл бұрын
Most people dont realize they are slaves, or that their "dream" is fed to them. 10/10
@Godshock7773 жыл бұрын
Huh?
@umbrawakanda97183 жыл бұрын
@@Godshock777 He said that everybody will wage slave for 40 years to participate in a society where consuming product and buying superfluous shit is the end goal. He also said boats are cool.
Hell yeah brother man you nailed it on the head with your opening commentary I’m liquidating everything now and hoping to have my boat in the water in the Bahamas possibly by Christmas! Im tired of being a slave!!
@puppethound2 жыл бұрын
Bro, I am Florida native and Navy veteran, I wish you the best. I was born to be on the water; however, I was also born poor. I hope I can follow in your foot steps.
@davidleigh443 Жыл бұрын
Maybe better to get the loan and then sell your house.
@zacharywinters9413 Жыл бұрын
@@puppethound Good deal sir there is lots of options out there, just depends on your patience and fortitude. I’m no rich man for sure. And I know I don’t have the boat budget to take the same route as the video because I did not have a house to sell. But it is possible as I’ve moved from a landlocked state to the coast, obtained a boat in my budget and I am making repairs and moving forward. Just keep smiling and take it one step at a time! Good luck.
@zacharywinters9413 Жыл бұрын
@@davidleigh443 Right! Beat them at their own game.
@cseguin3 жыл бұрын
I'm heading off to look at a 45' fiberglass over wood schooner next week . . . the owner is an old retired guy who just can't use it anymore and it's just sitting anchored in a harbour, neglected . . . the boat was designed and built (in the 1960s) to be a liveaboard - plenty of room and outfitted with everything I'll need. The bonus - I think I'll be able to land it for about 10 grand Canadian. It's my future retirement home . . . btw, I've never sailed a boat before - I've been a passenger, but never hoisted a sail - the adventures will soon begin.
@SailingBalachandra3 жыл бұрын
Wow, sounds like a fun project. Are you going to share the refit on KZbin?
@cseguin3 жыл бұрын
@@SailingBalachandra I'm thinking of setting up another channel that will focus on things with the boat. I plan on taking many photos and some walkthrough video footage when I visit her next week. Mayhaps the channel will start with said images and footage . . . but we'll see. It's going to be a loooooooooooooong week - like a kid waiting for Christmas morning . . . I can't wait to set foot on her and take a boo. Stay tuned.
@cseguin3 жыл бұрын
@@SailingBalachandra Btw - your mention of banks, and society in general wanting to hang nooses around your neck really rang a bell with me - _that's_ why I subbed to your channel - the sailing part is just a bonus. I'm fortunate enough to have a couple of friends who have lived on a boat for years who are willing to help me out with the finances - they're already calling me a "fellow boat person" . . . lol . . .
@aldona993 жыл бұрын
Thanks so much for the tips. I’m a single, widowed 60 year old female, new to sailing, and want to sail away for the same reasons you did. I’m in search of a 40+ yacht, and have decided to skip the broker. Luckily don’t need the loan, but a seasoned sailing buddy with loads of experience is what I’m in dire need of.
@stevegarneau613 жыл бұрын
Aldona99, I too look forward to a time I can cruise. I learned how to sail small dinghies many years ago, but hadn't had a boat of my own until last year. I found a small inexpensive boat that needed some repair, but it's a popular model and parts are easy to obtain. After the necessary repairs and safety improvements I am on the water! I am handy and not afraid of a little work. My goal is to move up to a larger boat as finances permit. When my son, now 14, is independent I plan on casting the lines. Hope to see you on the water!
@yetivanmarshall1473 Жыл бұрын
Were you able to get insurance on a boat that large as a new sailor?
@Rpm69714 жыл бұрын
I totally agree with your statement, I once owned a home, divorce took care of that, I was OTR Truck driver making good money, with no time to spend only having 36 hrs home a week. The stress ended up with me in the hospital with a heart attack, I’m somewhat lucky as I was born in Freeport Bahamas so I can still live and work there. So currently trying to sell my car and my harley to buy something in an affordable sailboat (much easier said than done) but I also need a bigger boat as I plan to do day charters and maybe some evening charters in and around the Bahamas....one I’m not healthy enough at the moment to go back to my old job, and the Bahamas has been a dream for years so it makes me feel alive and wanting to do more (I think that’s a good thing) I’m glad you managed to reach your goals, if I’m lucky maybe I will see you out there someday. God bless and enjoy your life :)
@SailingBalachandra4 жыл бұрын
The Bahamas are beautiful and very relaxed. You would really enjoy living there just watch the hurricanes and the cost of supplies in some places can be expensive. Lots of boats can get you there, good luck and thanks!
@Daniel-lf3vj3 жыл бұрын
Excellent info and spot on. even owning a home, savings, and property it was difficult to find financing for a sailboat through traditional routes.
@rjnogel3 ай бұрын
Actually these are the most useful videos I have seen....and I've seen alot!
@whocanitbenow53684 жыл бұрын
I'm very grateful I found you tonight! Your candor and caring demeanor really resonates with me. This is excellent information that's very well explained!!! We're 58 and 59, shopping for our first live aboard. We will cross the Atlantic to Europe from Florida! Thank you, safe sailing, and have a wonderful time! 🙏❤️
@cag3052 жыл бұрын
Hey! Did you sail across the Atlantic yet? I'm looking to do this in the near future. Any insight or tips is appreciated.
@SapphosSails Жыл бұрын
as a fellow scotian considering the same this video is great! Even just talking about the way you approached getting a loan and everything. I know my dad was a big believer in "banks LOVE lending money for boats" I suspected that wasn't true so it's refreshing to hear you echo my suspicion. I hate how society wants to constrain everything all the time.
@jaywegu183 жыл бұрын
The amount of truths told in the intro descriptive is exactly the scenario I am going through. My house was flooded and written off in 2017. No home. Loads of debt from a demolished house. Finally paying it off. Saved myself from bankruptcy. Did it all ‘right’...or so I thought. Credit rating because I carry no debt now is rock bottom even though I never missed a payment. Told to go get another loan by the bank to improve my credit score. But...my intent of buying a boat does not count and the banks are not even touch me. Regardless of fighting for my life to keep afloat in my previous years of losing it all, I am not going thé house direction ever again with the boat being the goal. Very informative channel here. Definitely taking notes. Thanks for the transparency.
@SailingBalachandra3 жыл бұрын
Thank you for sharing this. Banks are no fun and boats are too expensive. The whole credit score system is just another form of controlling the regular blue collar worker. It seems absurd that to go into debt is encouraged. People used to be put in jail for having debts. Good Luck with the boat plan :)
@the-selfish-meme75854 жыл бұрын
I like the cut of your jib, sir. Very well put!
@LighthouseHorror2 жыл бұрын
You are really selling me on this idea!
@phygital14 жыл бұрын
This is by far the best video on buying a boat that I’ve seen. I was quite fortunate to find an excellent and caring surveyor that asked me a lot of questions on my reasons and interest in buying a boat. I was interested in 3 boats over time and he charged me 1/2 price for the first as there was moisture in the hull at the bow, only 200 for the 2nd as he quickly found grounding damage aft of the keel (and he let me know the selling broker had a bit of a reputation and I should avoid him), and I was lucky with the 3rd. I also have a friend that sailed all thru the pacific that educated me on sailing characteristics (motion, stiffness, weather-helm, etc). In addition to buying, gain as much knowledge as you can reading, watching DIY video’s, etc. Excellent video!
@SailingBalachandra4 жыл бұрын
Thanks John Christopher, so good to see you back commenting on our videos! Sounds like you had a good surveyor. Did you eventually find a boat- you have a C&C also right?
@phygital14 жыл бұрын
Sailing Balachandra Hi, yes we bought a C&C Landfall 38. It was dry (zero wet spots), everything worked and have had zero issues.
@howardheckers81864 жыл бұрын
thanks for all the good tips on buying a bot, great video, I'm looking for my dreamboat and already over a year of research done, indeed a spreadsheet comes in very handy
@paulcailliet99423 жыл бұрын
Thank you - added yours into my notes from others with some similar advice, such as ‘The O’Kellys’
@Cptnbond4 жыл бұрын
Super helpful. Only one comment, spider cracks may not be a big deal. Mostly cheap and easy to fix.
@ImaginativeTile2 жыл бұрын
Thank you for all the information one of the best videos so far
@ethanaverton72873 жыл бұрын
I absolutely LOVE this. So inspiring. Thank you for thoughtfully sharing your experience and journey. This is 100% my plan.
@robertosarafian97354 жыл бұрын
That was really educational, Thank you for sharing your experience will come in handy.
@dingo3974 жыл бұрын
I thought you knocked it out of the Park....Excellent !!! I grew up working in boat yards right out of high school and worked as a mechanic on outboards as well as inboards, and sailed half way around the world on a 57' Swan with pro sailors. I also sold inflatables and installed more outboards on sailboats than I care to remember. I also wen't to school to learn these things, And I still would find it difficult to buy a cruising sailboat there's a lot to think of, you didn't even get into the sails the boat might have, and there condition,..... and all that comes with JUST taking care of sails !!!! Thanks !!!
@SailingBalachandra4 жыл бұрын
Ah very good point! And sails are expensive too. I'll try to do a follow up and include this
@dingo3974 жыл бұрын
@@SailingBalachandra and maybe mention how cleaning your sails can help make them last longer. and water makers and the expensive filters....AIS, and all the safety gear that insurance requires.... Spares for your Pumps and motors.....Ahhhh, the list goes on, and we haven't even started to talk about batteries and solar...lol.
@Ricksworld19624 жыл бұрын
dingo397 Would you know of where to obtain a general list that covers the majority of items to think of? I am looking to purchase a Liveaboard sailboat in the near future. Thank you
@dingo3974 жыл бұрын
@@Ricksworld1962 Well...There are many Blue water cruising sailboat books out there and many do have list that sailors with years of experience have put together ,and that would be a good start in my opinion. But it really depends on what type of cruising you are planning to do....and how comfy you want to be, if your going to be a full time live aboard ....Watermaker , generator ,solar ,and all that comes with that do you plan on buying lithium batteries or conventional, good refrigeration !!! for me thats a must !!!! and Air Conditioning....are you handy ??? you will need tools and many of them...All systems on a cruising sail boat need maintenance so you have to have spares for your systems , ALL systems..... Obviously you can't think of everything but the basics should be good. extra impellers, oil, filters, lines, rigging. Try to buy a boat that has as many of these systems already if you can afford.....$$$$$$ Good Luck hope this helped....
@Ricksworld19624 жыл бұрын
dingo397 Thank you sir. Yes, this was helpful. After a bit of searching, I placed an order for a set of 4 books from Author Kimberly Ann Brown: Checklists first Sailors - Passage Planning, sailboat maintenance, etc.. Trading in the rat race for a sail around the world VHF radio checklists and templates for sailors Sailboat buyers guide for cruisers
@strikerforce172 жыл бұрын
Great video, very helpful. Cheers mate 🤙🏼
@davekyle60963 жыл бұрын
Interesting rant. Spoken with logic without drama, so ultimately more listenable. Very unCanadian of you, however, to speak so poorly of government, banks, media... lol. Okay, really enjoyed and appreciated the non-rant 2nd half as I'm in the process of purchasing and your thorough list of deal-breakers and check points is most helpful. Highly recommended viewing, y'all.
@nuorigin10 ай бұрын
Damn you hit the nail on the head with that freedom part
@Taboloncawonthemasters7 ай бұрын
Absolutely great video and info!!! Thanks!!
@yasienmajiet80734 жыл бұрын
Fantastic info especially for those of us newbies looking to buy thank you
@seawhaturnissen4 жыл бұрын
Amazing video! maybe even the best yet. This is very informative and will help so many people hoping and dreaming of this lifestyle. Thank you and love watching the videos. Keep up the great work
@timtoolman12293 жыл бұрын
Very well done my son! I too am looking hard for a sailboat and my time is running out! Happy for you and your misses for escaping the rat race! I wouldn't mind staying in contact with you , also from the maritimes , living in Florida. I have got it down to about 10 boats ? I think? Anyway hope to stay in contact ?
@jonnorousseau30964 жыл бұрын
Couldn't agree more with your perspective, I could take it a lot further but this isn't the platform for that.
@rozkan2699 Жыл бұрын
Its an awesome video, good advice and inspiring.. I hope i can make it there in the near future
@officialjbbeverley3 жыл бұрын
“And I’m not accumulating other loans and other debts, as I would if I owned a home on shore-and was considering improvements, or buying a cottage, or buying a car…” This amazes me to hear. I’ve never had any expense on land that came close to what it costs to maintain a livable boat. That said, I don’t crave for fancy things like most, and you’re doing something right if what you said still applies to you. Stay safe. Cheers.
@robinhodgkinson4 жыл бұрын
All excellent advice. Yes, there are "surveyors" and there are surveyors! I started watching a new channel a year or so back - Sailing Mahalo. I suspect they fell in love with the boat first, despite the obvious amount of work required ( and I'll guarantee underestimated that, by several orders of magnitude ), had it surveyed, bought it, then discovered the hull was an osmosis nightmare. The surveyor identified several issues but clearly missed the extremely large elephant in the room, probably in part due to the fact that the boat was not taken out of the water until after it was purchased! Anyway they started into fixing it and posting videos of the work - wow, what a job... And a lesson in how NOT to buy a boat! Fair winds. : )
@daronheggie7780 Жыл бұрын
Great episode..So helpful 👍
@jdftv44 Жыл бұрын
Thanks so much for putting together such a valuable, fact filled video.
@MrGentlebutfirm4 жыл бұрын
You are free. You can make your own choices. FOR YOUR OWN MONEY. Stop snowflaking and dry your eyes! The banks have every right not to loan you money if you do not fit their business model.
@majorboner87842 жыл бұрын
I really appreciate your honesty and experienced joy hearing your thoughts on this matter thank you kindly ,I am looking forward for more videos from you
@bhammonds85703 жыл бұрын
Great video, one of the best I have seen so far on purchasing a large boat. Thanks
@kz45064 жыл бұрын
40 ft minimum is a good size, , your a typical buyer wanting the perfect boat first time around not wanting work , they are all work , the chain plate boat would had been an easy fix and a good boat , me after 20 keel boats and two full rebuilds I have the perfect boat for world cruising and proven twice , good boats are out there with a little tlc
@TC-yx1qt3 жыл бұрын
30+ years ago.. most cruisers said 30' was big enough... Then it was 35'.. now it's 40'+.. 40' is definitely not the minimum size..
@yassinbouchemella328310 ай бұрын
Thank you for this great video I love all what you said 🙏🙏🙏🙌🙌
@tartansailor4 жыл бұрын
Very helpfull, especially the financing issue. Cheers
@Hotblackdesiato42422 жыл бұрын
Very thorough and well thought out rundown. I really appreciated your intro wisdom, right on the money. First video and I'm an instant subscriber. May see you one day in the south...........
@tonymoore74802 жыл бұрын
Great video
@h.v74613 жыл бұрын
Lots of great info. Thanks for sharing!
@umbrawakanda97183 жыл бұрын
Definitely channeling some Ted energy the first half. 👌
@undersail2624 жыл бұрын
Great video. Thanks for the information, very helpful
@ppapdddar61594 жыл бұрын
The information in this video is $$$$. The depression you gave me with your initial speech is well worthed. Video liked and subscribed to the chanel. Thank you very much.
@evankrhodes2 жыл бұрын
A wealth of great information. I want to buy my first boat and have been looking online for a couple of months, devouring the KZbins and internet for information, and narrowing down the types of boats suited for the type of sailing I want to do. Thank you so much for sharing.
@searscr14 жыл бұрын
In the US there is another reason banks are reluctant to support a nomadic life style. It is dictated by the government. The law is written so banks are not allowed to open accounts for people that do not have verifiable US addresses. There are ways around it, but if the government was to enforce it with a heavy hand a lot of people would be left with frozen accounts.
@MCMaxwell1004 жыл бұрын
Excellent video. Thank you for taking the time to prepare and share this information.
@sailingavocet4 жыл бұрын
Great video! Super informative for all the boat-buyers. Maybe we will share an anchorage with you someday
@StephenJayGoodman3 жыл бұрын
Great information, especially about financing. Thanks and happy cruising.
@be.side.schepop Жыл бұрын
Thank you for all details
@gabrielmoreno15924 жыл бұрын
Thank you very much for the information greetings from Argentina
@NearlyNativeNursery3 жыл бұрын
So well said. Being free is a joy.
@Beyondthebackyard-au3 жыл бұрын
great video, I fantasise about doing this exact thing one day.
@MrRourk4 жыл бұрын
Good information in this video. Hope you guys are not around that hurricane!
@SailingBalachandra4 жыл бұрын
We are currently in Carriacou near Grenada in the Caribbean. No major storms have hit so far knock on wood! Thanks for watching :)
@causelessharm44444 жыл бұрын
Just wanted to echo the other commenters. Excellent, thorough video on boat buying. The best I've seen. I also agree with your perspective of being tied into the system / rat race / matrix. It seems there are many sailing kindred spirits . Keep up the excellent work. Fair winds. PS - subscribed.
@billmichealoff954911 ай бұрын
Nice to hear some truth for a change!
@richardfeldman95673 жыл бұрын
Best help on line for sailboats thank you so much..
@bboating44944 жыл бұрын
Well said, spot on.
@jbt3693 жыл бұрын
It's not that they don't *want* you to have a nomadic lifestyle, it's that they don't want to finance it.
@mariuszkijowski21802 жыл бұрын
It is a very helpful video. Thank you! I'd like to add for others buyers many of this deal killers almost do not exist when looking for a still or aluminum boat. They are generally speaking much more robust but you have to accept this more bulk shape - often great for cruising boat :)
@SailingBalachandra2 жыл бұрын
Metal boats have double the maintenance but given the choice I always wanted an aluminum hull.
@stevenvelez6016 ай бұрын
Awesome thanks 👍
@marksimons71993 жыл бұрын
Super helpful video!!
@HairHoFla2 жыл бұрын
With real estate...the "collateral" appreciates...bank likes having their risks covered...and if they can get over...so much the better
@ScottGlisson743 жыл бұрын
Great video!
@ChrisWright14 жыл бұрын
Hi Noel and Dan. How has the C&C 44 been as a cruising boat, especially in the island heat? Are you able to get ventilation in the aft cabin? Has she been a comfortable live-aboard? How has the sloop rig performed? (besides the shroud issue.) Any thoughts on adding a Solent Stay? If you had the chance, now that you've been at sea for awhile, would you prefer a more traditional cruising hull like an old Tayana or Lafitte? I'm torn. I grew up racing a C&C 30 with my father on the great lakes and am now looking at a C&C 44. All boats are compromises, but your thoughts would be appreciated. Apologies for post filled with questions . I'm glad you guys are following your dreams. Stay safe.
@MrRourk4 жыл бұрын
My biggest concern with C&C is it Rod Rigging? A lot of their models are rod rigging. Rod Rigging is very expensive to maintain over a long term. You are supposed to get the rods xray examined for cracks once a year at minimum.
@SailingBalachandra4 жыл бұрын
Thanks for the questions- always happy to help out. We find our boat is right in the middle between east and difficult. It's easier to host other people on a Beneteau and the sugar scoop and companion way are easy to use. The C&C44 is hard to board with a transom ladder and the gang way is almost a straight down ladder under a short dodger, however we have cockpit space and she's really designed for cruising and racing. The winches are exactly in the best spot, the wheel is large enough to sit anywhere on the saddle seat which is amazing, and going forward is a breeze with wide deck access. Very fast with the 140% Genoa but we fly a 100% mostly and lose a few knots. She makes a clean 8 knots upwind. Watch out for the deep keel model. We have the 6'9 draft wing keel. Air does enter the aft cabin but we run fans back there as well. Plenty of storage. I would not trade for a full keel ketch rig now that I'm used to this boat but a sugar scoop would be nice. Hope this helps, good luck!
@SailingBalachandra4 жыл бұрын
Yes this is true. Rod is nearly impossible to measure tension so there's a lot of guess work. We broke a shroud because it was too loose and formed a crack which then broke under a night of heavy roll at anchor. We're much more careful with the shroud tension now
@MrRourk4 жыл бұрын
@@SailingBalachandra the same thing basically happens with regular metal rigging. Just regular metal wire rigging is easier to inspect.
@ChrisWright14 жыл бұрын
Thanks for the reply. I understand the rod rigging concern. The 44 I'm considering is the centerboard version. I have mixed feelings, but the current owner has had no issues with the system.
@michaelissa9923 жыл бұрын
This was very helpful
@murphmurph2124 Жыл бұрын
Thanks very helpful
@adamwasserman932611 ай бұрын
Thanks for the 3c9nimic insights.
@puppethound2 жыл бұрын
You and I have the same logic about banks and society shackling you to commodities and ideas of "living".
@AvadaKedavra9432 жыл бұрын
You can ask your parents to be your cosigner, so if you default, they can secure the loan against your parent's house or frozen assets like RRSP GIC, etc. A boat is a depreciating asset, the bank cannot loan you this money if that's all you have, and especially so after 2008.
@harrydask884 жыл бұрын
Eye opening.thank you so much for sharing.
@elseltv60114 жыл бұрын
Nice cruising sailboat. I want one too.
@johnhaywood63583 жыл бұрын
Thank you for sharing. Good to know info !
@jesustech44432 жыл бұрын
I could ve lived without the 5' introduction.
@tzachif64734 жыл бұрын
Where should a total beginner start? Any recommended websites, forums, books. You talk in this video about lots of stuff and it feels like a lot. I feel that I’m missing much information that can help me make a good purchase Other than that great video 😁
@SailingBalachandra4 жыл бұрын
I recommend you meet with other boaters and make friends. When you feel ready maybe join a casual race team. Read books! Most of what i know came from good books.
@johnnyk24944 жыл бұрын
Excellent advice
@Coyotehello Жыл бұрын
I am at 02:50 in the video and I have to comment. Banks do not want to finance boats not because of you "nomadic" ambition. they do not want to sell you a boat because boats are worth nothing and then they depreciate, further more when you are found in default you might be in a different country halfway around the world where the the boat has no . Value... that is what banks will loan you money for. 03:22 we do not disagree here but again when you buy a house banks land you money but really what they evaluate is risk and land... location, location, location of that land (a finite quantity on earth) is a big factor in getting that loan. How much are you buying when you buy a boat??? Nobody "needs" a boat, a boat IS a luxury, especially the plastic C&C 41 (a primarily luxury racing/cruising boat) you wanted to buy. If you wanted the nomadic life you would not take a loan, you would build a boat or buy what you could afford and go simple, go small, go now. we live in a capitalist system, blame the system not the banks. In fact imagine you end-up in a none capitalist country and cannot pay your loan, what on earth will the bank do?? Your parent were absolute right buy a house in fact don
@seaonDeltaLady3 жыл бұрын
A big thanks for this .. Just started the process of trying to "sell up and sail." ( a great book by Bill and Laurel Cooper - FYI. ) .. Please correct me in thinking as a retired 63 yr old single fit male with little experience in yachting - should I be looking for a boat in the range of 34 ft. max as a solo/shorthanded liveaboard. Also rather keen on steel and /or wooden classic cutters and ketch rigs. - Limited budget , 2nd hand , not quite total refits or wrecks .. Have some mechanical engineering ability and a pet parrot. Appreciate any helpful suggestions!
@SailingBalachandra3 жыл бұрын
You can buy a cheap fix-er-up'r and you will put in enough money that you could have bought a yacht that's ready to sail. It then comes down to time and personal ability. If you think you might enjoy the maintenance side more than the sailing/cruising side... wood boats are quadrouple the maintenance. Hope this helps, thanks for checking us out! :)
@seaonDeltaLady3 жыл бұрын
@@SailingBalachandra Great! Hope to catch up with you one day.
@scottlittlewood45273 жыл бұрын
Andrew McConnell Hello Andrew, I've sailed a few yachts around the 34 ft mark, which are great for holidays, but small for live aboard. The speed of 34 footers will usually be lower than that of longer boats, so depending on your requirements, this may be an issue. Have a contemplate of sail area too, because a larger boat will have larger sail area unless you go for ketch/yawl with two masts. For my ambitions, an older larger boat is more suitable, but we're all different!
@Rich-rd1ge2 жыл бұрын
Hi Andrew. I'm a couple years older than you and I'm now thinking seriously about liquidating my home, car and whatever else I have and getting a boat (yacht) something in the 40ft range. I know when it comes time to sell the boat and move back on land I'll never recover all I invested. But, "what the hell", when all is said and done I'll be able to say I had an adventure. Here's to being brave with no regrets. Hope you're living your dream
@samuelgumbs12973 жыл бұрын
hi like your video
@dannya34313 жыл бұрын
Lets just say my experience with a buying boat broker has been ONterrible. The market in Ontario is moving quick and is definitely a sellers market now.
@RobertSneek4 жыл бұрын
Who did you get your loan from? Also located in Canada and in somewhat similar situation looking for financing.
@ToddDuplerDUPDAWG4 жыл бұрын
💯 Spot on! Subscribed! 👍🏻👊🏻✌🏻
@timohan1004 жыл бұрын
Trying to get a boat loan from a Savings and Loan is always a bad idea. If you go to a company that specializes in yacht loans, it is not a problem. They will use the value of the boat to secure the loan. Usually not a big deal if you have a good credit rating and experience with long term debt(ie home mortgage). This has always been for me in the States, but maybe it is different in Canada or other parts of the world.
@turdferguson2363 жыл бұрын
Godspeed
@elmorosso4 жыл бұрын
Thank you!
@rodneyjaynes24852 жыл бұрын
You say that the loan on the boat is small and your only debt. What about refitting, upgrading, and provisioning? I haven't watched the whole video yet, but I have a couple points that I have to have answers to. Income source? Apparently it's not that reliable or the banks would not hesitate to give you a loan. How do you expect to get from Canada to wherever? Bearing in mind about fuel, docking/mooring fees, lock/transit fees, etc. Yes I enjoyed your anti-bank rant, what about the practical aspects of owning a boat?
@SailingBalachandra2 жыл бұрын
Unless your loans officer is a boater they have no idea. They see any boat the same way they see a jet ski or any other "toy" which is why it's so hard to get loans unless the boat is just that - a toy in addition to your existing assets.
@teleplanker3 жыл бұрын
Crazy banks not giving you an unsecured loan for an asset that can sink.
@dennybe3 жыл бұрын
Excellent narrative!
@tomharrell19543 жыл бұрын
Great vid!
@TheOnlooker653 жыл бұрын
This is lovely pie in the sky about living free. You had to take out a loan to buy the boat.You say quite rightly that maintenance costs. Then if you don’t anchor out all time you have marina fees, you have provisioning, insurance, etc., etc., You have to make a living somehow, just like everyone else. I suppose you’d be completely free if you were malnourished on a badly maintained and dangerous boat but it wouldn’t be much of a life.
@avancalledrupert51303 жыл бұрын
Thing is you can get a very nice boat for 40 50k . That's not a deposit on a house of any size . My mate had 70k and still couldn't get 180 mortgage for a tiny 2 bed house on a shit hole street. Boat makes more and more sense every day. I don't find yacht world very user-friendly. Boat shed lets you filter by keel type . Yacht world dousnt. Apollo duck is good. Trawling yacht world is to slow for me . Trying to find bilge keel without a keel filter is just irritating . If it ain't bilge keel I don't want to know.