to buy or not to buy a slip

Discussion in 'All Things Boats & Boating' started by Boston, Aug 15, 2010.

  1. Boston

    Boston Previous Member

    ok so I've thought about it all day and I cant help but think for under 20K its at least worth the risk
    I'll call in the morning and offer earnest money

    will go from there
     
  2. dskira

    dskira Previous Member

    $20,000 is the wood for your hull, why throwing this money in the water?
    Build the boat, the answer of docking will come naturally.
    Don't think to much.

    Advice from a over-thinker who ends up doing the contrary of the over-thought he was thinking over and over :D

    Daniel
     
  3. Submarine Tom

    Submarine Tom Previous Member

    dskira,

    Well put my friend, well put.

    But I have a feeling Boston can afford it.

    Am I wrong B?

    -Tom
     
  4. Boston

    Boston Previous Member

    I can now that I'm working again

    I made a bunch of inquiries about this today, the office down there knows nothing about it does not sell slips and is pissed off that I called them. The listing agent has yet to get back to me and the firm that listed it says its a boat house ( IE floating home ) . plus a covered slip, which sounds way to good to be true. Course then they mentioned a slight glitch in that they dont have a license to sell boat houses, and told me to contact the listing agent.

    sounds fishy to me cause the harbor office said they have there own sales rep who is the only one authorized to sell anything at there marina, they were genuinely agro buy the end of the conversation

    I'm still working on it but I did learn they have steal pilings not wood and thats about the time the harbor office started sounding pissed off about the whole thing
    kept trying to tell me she didn't know a thing but then kept answering questions pretty darn well
    so its anyone's guess what is going on at this point

    ps
    they mentioned bonus at work so its not so hard to apply it to this thing assuming its not some evil trick and then I would have a place to park in winter
    It is cost prohibitive to ship this thing from here to the water so I might as well buy a place to build it in some convenient location and then decide to keep it or not once Im in the water

    been looking at junk listings all over the west coast
     
  5. Submarine Tom

    Submarine Tom Previous Member

    Clarification: Terminology in this neck of the woods is:

    Boat House: a floating shelter for storing a floating boat.

    Float Home: a floating house in which to live.

    Houseboat: a self propelled boat with navigational lights, etc. that may be lived in and should only go out in good weather (at best).

    Hope that helps.

    -Tom
     
    1 person likes this.
  6. Submarine Tom

    Submarine Tom Previous Member

    So Boston,

    What happened?

    -Tom
     
  7. Boston

    Boston Previous Member

    well it was a convoluted story
    the covered slip was actually a floating home with a 40' covered boat well in need of repair and the cost was actually about 500 a month for all including the water. The slip that supposedly came with it was actually on a month to month for another 450 which made for a grand total of 950 a month. The advert mortgage calculator said $49 a month.

    Once I got the whole thing unraveled it looked like less and less of a deal. Thing to remember is I'm a cheap ******* and I dont need two places to park the boat. What I need is a place to build a boat. a warehouse would work just fine for half the cost of rent on just one of the slips, covered or not.

    Maybe if the floating home and well had not been in need of so many repairs I could have thought about it a bit more. Covered slips in this area are a dime a dozen and occupancy is at a low and dropping. I spoke to several mortgage company reps ( I have an aversion to real estate agents ) and they all said that the Portland area prices are projected to continue dropping for another two years.

    Soon as the real estate agent holding the contract on that floating home figured out my debt free status and income he tried to sell me a bed and breakfast with a large workshop in it. I just want a place to build a boat and remain debt free. A concept that seemed to escape him.

    did I mention I'm a cheap ******* yet.

    I decided to go with the advice of several posters and concentrate on buying stuff for the boat. Once the prints arrive that is, the waiting is driving me nuts, I ordered a rolled set from the flip side of Canada and I guess the pony express is running a bit slow.

    The harbor office people seemed like an interesting bunch to allow floating homes that you cant actually live in more than two weeks at a time. The agent cheerfully said to me that I could live in the floating home for several weeks at a time but then had to spend a few nights away in order to meet code on residency. Sounded fishy. I dont want to be jumping through any more hoops than I have to when I'm in the middle of my build.

    I might as well just live in the boat anyway once its done which begs the question "what do I need with a floating home thats about to sink"

    I'll look some more this weekend but I dont think that a covered slip is going to cost me more than about 450 a month and given what I learned from the folks I talked to prices are falling and there are plenty of vacancies, so my take is not to jump the gun.

    in the end I was kinda putting the cart before the horse

    B
     
  8. apex1

    apex1 Guest

    I donĀ“t think so.

    A proper building space / workshop is half of the race won. And of course you know that.

    Good luck for your hunt.

    Richard
     
  9. Boston

    Boston Previous Member

    well I do need a work space but I dont need to be renting water yet and having to spend on building a working floor and overhead hoist. That and the flotation is not likely sufficient to support the build.

    I'll keep looking and in the mean time collect stuff but this waiting for prints is driving me nuts

    B
     
  10. Boston

    Boston Previous Member

    Found one in way better shape , it's 60k has a 42' well 16x16 and the water costs about the same as the last one At $450
    Thing is this seems pretty easy to find

    I need to get my "I got started fix" so what I really need is my bloody prints

    I've managed to remain debt free by focusing my finances in one direction at a time
    So buying a slip and paying rent on water will slow down my materials acquisition process, what I think I should do is stick to what has always worked And only spend on one thing at a time
     
  11. Submarine Tom

    Submarine Tom Previous Member

    There is something wrong if you're having to wait this long for your prints.

    Despite popular belief, Canada is not a third world country, you should have received your prints in a few days.

    -Tom
     
  12. Boston

    Boston Previous Member

    well Teds on vacation till summers end so there is not much I can do on this end but wait

    the check ( sent next day delivery guaranteed ) arrived I think it was 8 days late, I was warned the mail was slow but I had no idea.

    third world
    no
    delivered by pony express would have been faster
    definitely

    cheers
    B
     
  13. Submarine Tom

    Submarine Tom Previous Member

    My point is something is wrong, not the mail.

    You've got a problem.

    -Tom
     
  14. Boston

    Boston Previous Member

    Well I paid for em and ole Ted did mention receiving the payment sooooooo what are you thinking went wrong
     

  15. Submarine Tom

    Submarine Tom Previous Member

    I think you may want ask "ole Ted"...

    How long have you been waiting?

    -Tom
     
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