The cheapest waterfront property...
The cheapest waterfront property to be a renter of is the marinas in West Vancouver (the most expensive community in Canada). I moor at Sewell's Marina in Horseshoe Bay, where the ferries leave for Bowen Island (new home of Harrison Ford), Langdale on the sunshine coast and Nanaimo, the armpit of Vancouver Island. Without a boat I couldn't rent there, so I have a bargain area to be in my books. This area is prototypically west coast with bald eagles, seals, cormorants, ferries in and out with all the eager passengers waiting to journey, a view down Howe Sound, power boaters and sail boats in and out of the harbour, and a great fishing hole about 500 yards away from the mouth of the harbour (hole in the wall). How do I price out something that may extend my life span because the moment I enter the harbour the stresses of life leave? Any financial planner will tell you if you put $30,000 in the bank in 2005, you will have lost money if it is worth $30,000 in the year 2020. First, many people purchase the wrong boat, and the wrong boat is a new boat. Financially it doesn't make sense to purchase a new boat. Even if I had a million dollars for purchasing a boat, I'd get a ten or fifteen year old boat at $900,000 and throw the remaining $100,000 into repairs and upgrades, which would give me "more boat" for my money. For those with an addiction to the water, the name of the game is to be in the game, "have boat, will travel!" For those that purchase a boat and use it three weeks of the year, sell it to some one who will use it. Or I'll wait until the boat is sufficiently old before I place a purchase offer on it. If sailing makes no sense financially, how do you explain golf?
The cheapest waterfront property to be a renter of is the marinas in West Vancouver (the most expensive community in Canada). I moor at Sewell's Marina in Horseshoe Bay, where the ferries leave for Bowen Island (new home of Harrison Ford), Langdale on the sunshine coast and Nanaimo, the armpit of Vancouver Island. Without a boat I couldn't rent there, so I have a bargain area to be in my books. This area is prototypically west coast with bald eagles, seals, cormorants, ferries in and out with all the eager passengers waiting to journey, a view down Howe Sound, power boaters and sail boats in and out of the harbour, and a great fishing hole about 500 yards away from the mouth of the harbour (hole in the wall). How do I price out something that may extend my life span because the moment I enter the harbour the stresses of life leave? Any financial planner will tell you if you put $30,000 in the bank in 2005, you will have lost money if it is worth $30,000 in the year 2020. First, many people purchase the wrong boat, and the wrong boat is a new boat. Financially it doesn't make sense to purchase a new boat. Even if I had a million dollars for purchasing a boat, I'd get a ten or fifteen year old boat at $900,000 and throw the remaining $100,000 into repairs and upgrades, which would give me "more boat" for my money. For those with an addiction to the water, the name of the game is to be in the game, "have boat, will travel!" For those that purchase a boat and use it three weeks of the year, sell it to some one who will use it. Or I'll wait until the boat is sufficiently old before I place a purchase offer on it. If sailing makes no sense financially, how do you explain golf?