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Boats Vs Houses

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I'm thinking of bypassing the property market altogether and living on a Ducth barge. Does anyone happen to know or have a view on how the HPC is affecting, or is likely to affect, prices of boats?

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look for a mooring first, I've heard there aren't many left/around and the price for moorings has risen quite alot.

Edited by moosetea

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As in housing, there is a 'crash' happening in the boat market. My brother in law owns a boatyard in Exeter and is struggling to shift anything other than small 'day boats'.

Also, mooring fees, storage, maintenance etc are eye-watering on some of the larger (+25ft) boats.

Edited by Wannabe

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As in housing, there is a 'crash' happening in the boat market. My brother in law owns a boatyard in Exeter and is struggling to shift anything other than small 'day boats'.

Also, mooring fees, storage, maintenance etc are eye-watering on some of the larger (+25ft) boats.

The canal boat market is very different to other pleasure boats. It is a cheap way to live, but the killer is getting a mooring for it. There was a huge thread on it a while ago. A friend of mine looked into it (there is a canal with lots of mooring space right beside work). He would have needed a mortgage to get a mooring place for it though so it was a non starter.

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As in housing, there is a 'crash' happening in the boat market. My brother in law owns a boatyard in Exeter and is struggling to shift anything other than small 'day boats'.

Also, mooring fees, storage, maintenance etc are eye-watering on some of the larger (+25ft) boats.

Interesting. I'd expect some decline as boats were increasingly seen as an alternative by FTBs, but presumably these are now just sitting on the sidelines waiting to catch a falling house. The boats I'm inerested in are the big classic Dutch Barges and mooring would have to be in the Medway, or the Thames. Moorings in central London would indeed be eye watering, like everything else there. But I don;t want to live in London anyway.

Or, there's my favoured option long term, just cruise the rivers of France. But I don't want to spend 130k on a boat only to find it's worth 100k in a couple of years time - one of the attractions of boat owning is supposed to be that depreciation is very slow and in fact can be negative if the boat is well maintained.

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one of the attractions of boat owning is supposed to be that depreciation is very slow

Just a myth perpetuated by the trade, I'm afraid, with a few exceptions such as a few classic yachts and some houseboats with permanent moorings. Anything in the water deteriorates and has high maintenance costs; then there's insurance, mooring fees, licence fees, fuel costs, lay up costs... A few years ago, the French government were paying motor barge (peniche) owners to sell up; a lot of boats went for scrap and some were converted into 'cruising hotels' with expensive, luxury refits, catering for the tourist market. With the recent rise in fuel prices hitting road transport costs, it might be increasingly attractive to run a peniche as a commercial operation again, but I'm not sure how many are left!

However, now is the best time there's been for a decade to go for a long sailing trip - or to explore the European canals - due to the property slump. Anyone who sold up last year can at least afford to go travelling for a couple of years without having to worry about getting priced out of the housing market, and living on a boat can be a cheap way of life - although the fall in value of the pound against the euro doesn't help.

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I'm thinking of bypassing the property market altogether and living on a Ducth barge. Does anyone happen to know or have a view on how the HPC is affecting, or is likely to affect, prices of boats?

The old joke about sailing applies - tear-up tenners in a cold shower it's cheaper, safer, and the experience is pretty much the same.

Anyone who tells you anything to do with boats is cheap is an idiot or a liar.

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However, now is the best time there's been for a decade to go for a long sailing trip - or to explore the European canals - due to the property slump. Anyone who sold up last year can at least afford to go travelling for a couple of years without having to worry about getting priced out of the housing market, and living on a boat can be a cheap way of life - although the fall in value of the pound against the euro doesn't help.

I am planning to leave mid september for a 2-3 yrs circumanvigation on a 40ft catmarran :-)

Hope to avoid a lot of the impending fallout. If and when I return there may be some opportunities....

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I think also there is an issue with diesel becoming fully taxed (i.e. not red any more) from September too. Not an issue with a fixed mooring but if you was planning on touring a bit or if you had diesel fired heating . . . .

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I'm thinking of bypassing the property market altogether and living on a Ducth barge. Does anyone happen to know or have a view on how the HPC is affecting, or is likely to affect, prices of boats?

This subject has been done to death on this Forum. :rolleyes:

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I posted a couple of days ago on Canal World's forum about this issue and what is likely to happen to boat prices. Not sure about Dutch Barges as my interest is in narrowboats rather than these boats which are a bit more specialist. My view is that boat prices has risen over the past few years partly due to house price increases - people living on boats as a cheaper alternative to houses, there has been an increase in people selling up whilst they have equity and living on the canal instead and also as credit has been cheap there has been access to ready money to buy a boat whereas 10 years ago a marine mortgage was pretty hard to come by. Also the cost of steel and labour has pushed up the cost of new boats and second hand boats have tracked that increase.

Boat prices are set to fall because as house prices fall less people will look to boats as a cheaper alternative, there is less equity for people to sell up and go on the water and cheap credit is drying up. Also steel price will fall as demand falls and Chinese plants come on line. Labour costs will fall as unemployment increases. It won't be anything like the depreciation in houses though IMO.

Residential boat moorings have always been in short supply - which is why any boat for sale with a residential mooring comes at quite a premium especially in the London area. Many people living on boats opt to "continually cruise" instead.

Personally I would not consider buying a boat as a residence unless you are seriously interested in that as a way of life. I hope to do so in the future but am going to sit tight for a year or so as I think I can get one cheaper then (as I am renting anyway I don't have to worry about property prices falling). As other people have pointed out there are a lot of other costs involved in owning a boat - it does require some research. The residential boat owners association has some useful information.

Regards

Ellie

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Personally I would not consider buying a boat as a residence unless you are seriously interested in that as a way of life.

Yup. Lived on one for 5 years.

Best 5 years of my life. Best life choice ever.

Financially, a disaster.

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I'm thinking of bypassing the property market altogether and living on a Ducth barge. Does anyone happen to know or have a view on how the HPC is affecting, or is likely to affect, prices of boats?

you need to visit. www.DBPC.de

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I'm thinking of bypassing the property market altogether and living on a Ducth barge. Does anyone happen to know or have a view on how the HPC is affecting, or is likely to affect, prices of boats?

============================================================================

This subject has been done to death on this Forum. :rolleyes:

============================================================================

But it is a potentially changing situation and some of us may still be interested in it. Nobody is forced to read any of the threads. We are quite at liberty to ignore them. Hope that helps.

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my advice is to buy a well found cruisng boat now

pack familly onboard and go for a 2-3 years cruise, you will come back fresh and in fine form, ready to buy at the bottom

of course if you have no savings your ******ed no matter how you look at it.

I hope to do so in the future but am going to sit tight for a year or so as I think I can get one cheaper then

my father did this... wait wait wait then he died

dont wait for ******s sake go enjoy life house prices may fall for 10 ******en years you will be old graey and in no shape to cruise the world.

i took my 3 month old baby crusing last year and it was an amazing experience check up my past posts there are pictures....

everyone here is so focuse on buying at the bottom, my friends property will be ******ed for 20 years just as in japan!

Edited by kiwi

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Tks all. Interesting responses. Seems to seperate the planners and strategists from the spontaneous types!

Clearly running costs are an issue. I know people with narrowboats for whom running costs, moorings excluded, are no more than those associated with running a house. But running a big barge may be different. It's possible to get Dutch Sailing barges, thereby sidestepping some of the costs associated with diesel [they also have engines though]. But these aren't much use on small rivers.

I think the way to do this is ideally to buy a mooring - there's one available near evesham [on www.apolloduck.co.uk] for 25k, but it's only 44 fot, too small for a good barge..but if one could be founf for say, 35k, it could always be sold again so not like losing the rent on a mooring...and then buy a boat that's as new as possible, or was refurbised very recently to minimise repairs and maintenance bills. Another advantage of a Dutch Barge is that they can come with three double bedrooms...so it's possible to take people for cruises and make some cash. ALthough I daresay the insurance costs would take up some of that.

Kiwi, I empathise with what you're saying, but I'm divorced and coldn't vanish for a long time as I have children to consider. I'm mostly looking for a new way of life that allows some distance, because the children could come and stay during their school holidays, but I couldn't ractically be moving around all the time.

But why think in ters of waiting for the bottom of the housing market? People live their whole lives on boats. Stuff bloody houses and the obligation they place on you to stay in one place.

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  • 396 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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