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>Financially, it was a foolish decision, which cost us at least double the original estimates. But being in a syndicate has meant sharing the losses and the wor

by cjlars 7y ago

>Financially, it was a foolish decision, which cost us at least double the original estimates. But being in a syndicate has meant sharing the losses and the workload. Two good lessons. (1) Restorations are almost always far more expensive than just buying a similar boat that has been well maintained. (2) Group boat ownership is often a good idea, you can share the finances and no one actually ends up using the boat as often as they think they will.

dsfyu404ed 7y ago
>Group boat ownership is often a good idea, you can share the finances and no one actually ends up using the boat as often as they think they will. That works well if you're all the type to just putt in a circle outside the harbor. If some of the owners are the type to beat the vessel up doing what it was intended to do and more and some of them aren't you will wind up with hard feelings when things break.
- sybarita 7y ago
  Would you expect the other owners to pay for something you broke?
  - dsfyu404ed 7y ago
    Because often things don't break right away. They just wear out prematurely or repeated abuse eventually gets them. If you have multiple people with varying use cases odds are someone is abusing the boat because they are trying to shoehorn it into a use case it really isn't well suited for. If you are trying to bounce off 6ft surf (emphasis on "off" rather than "through" in a tri-hull) that will eventually come back to bite you in the form of tearing the vessel apart at the seams. If you are constantly beaching something with a deep V you can only go so long between events where the prop/lower unit unexpectedly finds the ground (and eventually that will get expensive). So you either share the cost of these repairs with the understanding that that's just the cost of doing business (because simply based on your varying use somebody will have to be more abuse to the vessel) or you all get your own boats that fit your use cases.

by cjlars 7y ago

dsfyu404ed 7y ago

>Group boat ownership is often a good idea, you can share the finances and no one actually ends up using the boat as often as they think they will. That works well if you're all the type to just putt in a circle outside the harbor. If some of the owners are the type to beat the vessel up doing what it was intended to do and more and some of them aren't you will wind up with hard feelings when things break.

sybarita 7y ago
Would you expect the other owners to pay for something you broke?
- dsfyu404ed 7y ago
  Because often things don't break right away. They just wear out prematurely or repeated abuse eventually gets them. If you have multiple people with varying use cases odds are someone is abusing the boat because they are trying to shoehorn it into a use case it really isn't well suited for. If you are trying to bounce off 6ft surf (emphasis on "off" rather than "through" in a tri-hull) that will eventually come back to bite you in the form of tearing the vessel apart at the seams. If you are constantly beaching something with a deep V you can only go so long between events where the prop/lower unit unexpectedly finds the ground (and eventually that will get expensive). So you either share the cost of these repairs with the understanding that that's just the cost of doing business (because simply based on your varying use somebody will have to be more abuse to the vessel) or you all get your own boats that fit your use cases.