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Is your Boat worth more than your House?

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Is your Boat worth more than your House?

Old 05-18-2011, 05:40 PM
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Default Is your Boat worth more than your House?

Ever notice how many guys who own big Center consoles with twin screws, a trailer and all the best electronics have it parked next to a double-wide trailer?? I see this all the time.

I'm wondering if anyone here is willing to admit that their boat is worth more than their home?

I guess when the banks where giving 90% loans at 2x a guys annual salary to buy a boat, it became easy to do. I just wonder what happens to these people when they go to sell the boat.

Anyway, not stirring the pot, but just an observation of many big Center consoles I see here on THT.
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Old 05-18-2011, 05:42 PM
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They have trailer parks in CT? Seriously must rival the trailers in Aspen.
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Old 05-18-2011, 05:53 PM
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I'd be lucky if my boat was worth 15% of my house, but my priorities have changed a lot since Ive become a family man.

If I had the income I have now, 5 or 6 years ago before settling down, Id be more than happy to have a 34 or 36 Yellowfin parked next a camper, Id only be using it as somewhere to lay my head at night.
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Old 05-18-2011, 05:59 PM
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Originally Posted by John_Madison CT View Post
I'm wondering if anyone here is willing to admit that their boat is worth more than their home?
.
Unless the boat was your primary residence and you lived in a tropical area that would be absolutely insane.
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Old 05-18-2011, 06:05 PM
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My boat is around .34% of my house
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Old 05-18-2011, 06:17 PM
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I resent this premise, how do you know the value of my double wide? I have made extensive changes to my rolling abode, don't assume people like me can't buy top of the line linoleum counter tops.
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Old 05-18-2011, 06:30 PM
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Originally Posted by mudrzr View Post
My boat is around .34% of my house
Must be a nice house.
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Old 05-18-2011, 07:03 PM
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No but I had a riding lawn mower worth more than my car!!!
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Old 05-18-2011, 07:07 PM
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I wish..that would be pretty cool.

My job should be the nicest place I go to, as I spend a lot more time there than I do anywhere else. But its sucks there.
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Old 05-18-2011, 07:12 PM
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If your boat is worth more than your house..... You just might,, be a redneck..
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Old 05-18-2011, 07:15 PM
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If 28% of us are underwater, some may have more equity in their boat than in their homes. Of coarse, many of those guys financed their boat as well................

.
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Old 05-18-2011, 07:32 PM
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28% of houses are underwater.........................think what that # is for boats.
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Old 05-18-2011, 08:08 PM
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Originally Posted by dht View Post
Must be a nice house.
At least $7.3 million if my math is right. Figuring $25k for the boat (minimum).
I think if I were mudrzr I'd have a 70' Spencer, with the Scout 175 as a tender...

My boat is ~10% of my house but I can honestly say that if I had to choose between a nice house and crappy/small boat or a double wide and a nice boat I'd be in the trailer park with a 39' Yellowfin outside my trailer for sure.
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Old 05-18-2011, 08:12 PM
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Yup, when it was new in '04. I live in a 260+yr old house that is paid for. We had previously decided to stay in the house because we couldn't find any property that we liked more than what we have. So when it came time to move up I asked my wife if we were going used or new and she said I live in a fixer upper house I don't want a fixer upper boat. And that's all I needed to hear.
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Old 05-18-2011, 08:19 PM
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Originally Posted by SirFer View Post
At least $7.3 million if my math is right. Figuring $25k for the boat (minimum).
I think if I were mudrzr I'd have a 70' Spencer, with the Scout 175 as a tender...

My boat is ~10% of my house but I can honestly say that if I had to choose between a nice house and crappy/small boat or a double wide and a nice boat I'd be in the trailer park with a 39' Yellowfin outside my trailer for sure.
Haha yes, I based mine off $20k minimum and got a $5.88m house.
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Old 05-18-2011, 08:23 PM
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Hmmm....ask me again in a year of real estate doesnt turn around.
Sadly, I bought two houses and two boats at about the same time. Right now, the boats are better investments .
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Old 05-18-2011, 08:25 PM
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Originally Posted by SirFer View Post

My boat is ~10% of my house but I can honestly say that if I had to choose between a nice house and crappy/small boat or a double wide and a nice boat I'd be in the trailer park with a 39' Yellowfin outside my trailer for sure.

Technically, it's your parents' boat and your parents' house, right?
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Old 05-18-2011, 09:08 PM
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Originally Posted by gf View Post
Technically, it's your parents' boat and your parents' house, right?
Well, if we're getting into technicalities, I guess you could say I'm homeless because my name isn't on the house. My name is on the boat though, along with my dad's which gives me half ownership.

So technically, I'm the biggest redneck on THT because I'm homeless and all I own is one half of a 32' Yellowfin and all of a Ford F-250...
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Old 05-18-2011, 10:58 PM
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Originally Posted by SirFer View Post
Well, if we're getting into technicalities, I guess you could say I'm homeless because my name isn't on the house. My name is on the boat though, along with my dad's which gives me half ownership.

So technically, I'm the biggest redneck on THT because I'm homeless and all I own is one half of a 32' Yellowfin and all of a Ford F-250...
That's funny...........
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Old 05-19-2011, 02:57 AM
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Originally Posted by SirFer View Post
So technically, I'm the biggest redneck on THT because I'm homeless and all I own is one half of a 32' Yellowfin and all of a Ford F-250...
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