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#1
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About a zillion new posts and from the headers it looks like very very
very very few are worth reading. Maybe rec.boats needs an independent post rating service. |
#2
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#3
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On Jan 19, 10:50*am, "Paul@BYC" wrote:
About a zillion new posts and from the headers it looks like very very very very few are worth reading. Maybe rec.boats needs an independent post rating service. So post something worth reading. |
#4
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On 1/19/2011 12:07 PM, Jack. wrote:
On Jan 19, 10:50 am, wrote: About a zillion new posts and from the headers it looks like very very very very few are worth reading. Maybe rec.boats needs an independent post rating service. So post something worth reading. Well, I am thinking about going partners with my bachelor brother and buying a "new to us" larger and "fresher" boat whose current owner is under some financial stress. My brother likes to fish, too, and since he went into law and not teaching, he's got some real bucks. He says he'll pay 75% of the purchase price and we can split the club fees and maintenance. We get along very well, even when he shows up here with one of his weekend wives. He practices and lives in NYC. But the idea of "boat partnership," well, I just don't know. There are some boat partnerships at the club, so I'll have to ask the guys how it works out for them. I'd have to sell my current salt water boat. |
#5
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On Wed, 19 Jan 2011 12:36:21 -0500, "Paul@BYC"
wrote: On 1/19/2011 12:07 PM, Jack. wrote: On Jan 19, 10:50 am, wrote: About a zillion new posts and from the headers it looks like very very very very few are worth reading. Maybe rec.boats needs an independent post rating service. So post something worth reading. Well, I am thinking about going partners with my bachelor brother and buying a "new to us" larger and "fresher" boat whose current owner is under some financial stress. My brother likes to fish, too, and since he went into law and not teaching, he's got some real bucks. He says he'll pay 75% of the purchase price and we can split the club fees and maintenance. We get along very well, even when he shows up here with one of his weekend wives. He practices and lives in NYC. But the idea of "boat partnership," well, I just don't know. There are some boat partnerships at the club, so I'll have to ask the guys how it works out for them. I'd have to sell my current salt water boat. I would definitely get their opinion. We're in the midst (for almost a year) of negotiation with another couple about just such an arrangement. We want to cross all the T's and dot all the I's as best as possible, while maintaining our mutual friendship. I'd recommend that you get everything in writing. Then there will be much less chance of an emotion-based dispute later. |
#6
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On Wed, 19 Jan 2011 12:36:21 -0500, "Paul@BYC"
wrote: But the idea of "boat partnership," well, I just don't know. There are some boat partnerships at the club, so I'll have to ask the guys how it works out for them. I haven't seen too many that lasted more than a few years. The most important section of the partnership agreement relates to how it is terminated. There are usually major differences of opinion on how much to spend on the boat for both maintenance and the purchase of upgrades. This is even more of an issue when partners are not on more or less equal financial footing. |
#7
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On 1/20/2011 6:26 AM, Wayne B wrote:
On Wed, 19 Jan 2011 12:36:21 -0500, wrote: But the idea of "boat partnership," well, I just don't know. There are some boat partnerships at the club, so I'll have to ask the guys how it works out for them. I haven't seen too many that lasted more than a few years. The most important section of the partnership agreement relates to how it is terminated. There are usually major differences of opinion on how much to spend on the boat for both maintenance and the purchase of upgrades. This is even more of an issue when partners are not on more or less equal financial footing. Good points. So far, the agreement is that my brother will pay 75% of the selling price of the boat, we will split dockage, storage, and routine maintenance, and if anything serious fails, like an engine or transmission or generator, it's on his credit card. I really think he is doing this because: 1. He wants to keep the boat in Branford. He lives in NYC. But he's here in Branford almost every weekend from mid-May through September, so he obviously likes the accommodations. 2. I live in Branford. 3. I take good care of my "stuff." 4. He wants to impress his weekend lady friends. We are not on "more or less equal financial footing." He's a NYC lawyer in a big firm and I'm an underpaid tenured college professor. :) |
#8
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On Thu, 20 Jan 2011 10:29:30 -0500, "Paul@BYC"
wrote: On 1/20/2011 6:26 AM, Wayne B wrote: On Wed, 19 Jan 2011 12:36:21 -0500, wrote: But the idea of "boat partnership," well, I just don't know. There are some boat partnerships at the club, so I'll have to ask the guys how it works out for them. I haven't seen too many that lasted more than a few years. The most important section of the partnership agreement relates to how it is terminated. There are usually major differences of opinion on how much to spend on the boat for both maintenance and the purchase of upgrades. This is even more of an issue when partners are not on more or less equal financial footing. Good points. So far, the agreement is that my brother will pay 75% of the selling price of the boat, we will split dockage, storage, and routine maintenance, and if anything serious fails, like an engine or transmission or generator, it's on his credit card. I really think he is doing this because: 1. He wants to keep the boat in Branford. He lives in NYC. But he's here in Branford almost every weekend from mid-May through September, so he obviously likes the accommodations. 2. I live in Branford. 3. I take good care of my "stuff." 4. He wants to impress his weekend lady friends. We are not on "more or less equal financial footing." He's a NYC lawyer in a big firm and I'm an underpaid tenured college professor. :) As long as it's understood that he's paying for the big ticket upgrades and that you're cleaning the boat it might work out. We've always liked Branford and the Thimbles Island area. Next to Essex it is one of our favorites on the Connecticut side. We might be bringing the trawler north this summer so be on the lookout for a big old Grand Banks with a zillion antennas on it. One of our favorite cruising stories when our kids were still very young involves Branford. We were on our way back from the Vineyard and pushing hard to get home before the end of my vacation. As a result we'd been anchored out in uninspiring places for a few days without going ashore at night. The kids were getting restless as a result and eager to get ashore. As we headed into Branford they spotted trees up ahead and started pointing and chanting: Park, park, park... |
#9
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posted to rec.boats
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On 1/20/2011 2:49 PM, Wayne B wrote:
On Thu, 20 Jan 2011 10:29:30 -0500, wrote: On 1/20/2011 6:26 AM, Wayne B wrote: On Wed, 19 Jan 2011 12:36:21 -0500, wrote: But the idea of "boat partnership," well, I just don't know. There are some boat partnerships at the club, so I'll have to ask the guys how it works out for them. I haven't seen too many that lasted more than a few years. The most important section of the partnership agreement relates to how it is terminated. There are usually major differences of opinion on how much to spend on the boat for both maintenance and the purchase of upgrades. This is even more of an issue when partners are not on more or less equal financial footing. Good points. So far, the agreement is that my brother will pay 75% of the selling price of the boat, we will split dockage, storage, and routine maintenance, and if anything serious fails, like an engine or transmission or generator, it's on his credit card. I really think he is doing this because: 1. He wants to keep the boat in Branford. He lives in NYC. But he's here in Branford almost every weekend from mid-May through September, so he obviously likes the accommodations. 2. I live in Branford. 3. I take good care of my "stuff." 4. He wants to impress his weekend lady friends. We are not on "more or less equal financial footing." He's a NYC lawyer in a big firm and I'm an underpaid tenured college professor. :) As long as it's understood that he's paying for the big ticket upgrades and that you're cleaning the boat it might work out. We've always liked Branford and the Thimbles Island area. Next to Essex it is one of our favorites on the Connecticut side. We might be bringing the trawler north this summer so be on the lookout for a big old Grand Banks with a zillion antennas on it. One of our favorite cruising stories when our kids were still very young involves Branford. We were on our way back from the Vineyard and pushing hard to get home before the end of my vacation. As a result we'd been anchored out in uninspiring places for a few days without going ashore at night. The kids were getting restless as a result and eager to get ashore. As we headed into Branford they spotted trees up ahead and started pointing and chanting: Park, park, park... I can see the larger Thimbles from my back porch. When they occasionally come up for sale, they fetch millions of dollars. Do you know Clam Island? We're closer to that one. |
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