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-   -   Fractional Sailboat Membership (https://www.early-retirement.org/forums/f29/fractional-sailboat-membership-109085.html)

WestUniversity 05-01-2021 07:45 AM

Not clear if you’ve ever sailed before. If not, for far less than the annual cost of this program you could buy a new Sunfish and trailer, do some lake sailing and learn the fundamentals of sailing. If it’s not for you then sell the Sunfish. They are fun and easy to sail…

YMMV

skyking1 05-01-2021 08:07 AM

OP's husband is an experienced sailor.

audreyh1 05-01-2021 08:26 AM

Quote:

Originally Posted by WestUniversity (Post 2600605)
Not clear if you’ve ever sailed before. If not, for far less than the annual cost of this program you could buy a new Sunfish and trailer, do some lake sailing and learn the fundamentals of sailing. If it’s not for you then sell the Sunfish. They are fun and easy to sail…

YMMV

A Sunfish! Ha ha.

No comparison to a larger heavy keel sailboat.

A completely different sailing experience.

Ready 05-01-2021 08:55 AM

My family had motor boats growing up so I’ve spent a fair amount of time on the water. Sailing is somewhat new to me but not to DH. I don’t mind the smaller 22 foot boats but I prefer a boat with a nice interior and a well appointment Lav and galley, especially if we are taking friends out with us.

Sailing in So Cal is not as nice as in places like Florida or Virgin Islands. There are not a lot of destinations so it’s mostly just open sailing. We can sail to Catalina and stay overnight, or head down to San Diego. The water is always cold and the weather can be chilly even during the summer.

Fermion 05-01-2021 09:11 AM

We have a 2008 17 foot Montgomery sailboat and trailer (which was actually built in southern California where you are!) and a 1989 Pacific Seacraft 34.

The PSC34 costs about as much per year as we paid in total for the M17 :)

I actually like sailing the M17 better right now as I am so used to it I can tack down a river or come screaming into a beach area close hauled at an eye watering 5 knots and then instantly cruise 20 feet from the shore on a beam reach, making all the land lubbers jealous that they don't have a nifty little sailboat.

The PSC34 is a serious boat with more than a 5 foot draft and massive keel. You don't play around with it so much.

WestUniversity 05-01-2021 12:00 PM

Quote:

Originally Posted by audreyh1 (Post 2600624)
A Sunfish! Ha ha.

No comparison to a larger heavy keel sailboat.

A completely different sailing experience.



I’ve had both and sailed both as well as many others. My 31’ sloop was a far different experience than a Sunfish. Frankly the Sunfish was more fun and WAY less hassle and less expense…

mystang52 05-01-2021 12:52 PM

Even if it's only for one year, it's an almost $11,000 dollar commitment. As I believe another poster wrote, why not rent whenever you want to sail? Do it for a full 6-9 months, or even a year, then examine the total cost.
For me, one "soft cost" that is saved by renting is not feeling compelled to use the boat to "get my money's worth." Disclaimer: I am not a sailor.

OldShooter 05-01-2021 01:37 PM

I would have an attorney pull a D&B on the company and a background check on the individuals. Look for liens and judgments, pending court cases, collections, etc. I would also talk to several of the boat owners (names from the state registry, not from the promoters) and see how it has gone getting paid, getting repairs reimbursed, etc.

Depending on the details of the contract, if the company tanks you may find the friendly folks at the bankruptcy court expecting you to keep paying to the end of your contract. Your attorney can give you an opinion on this.

skyking1 05-01-2021 02:00 PM

Quote:

Originally Posted by Fermion (Post 2600643)
We have a 2008 17 foot Montgomery sailboat and trailer (which was actually built in southern California where you are!) and a 1989 Pacific Seacraft 34.

The PSC34 costs about as much per year as we paid in total for the M17 :)

I actually like sailing the M17 better right now as I am so used to it I can tack down a river or come screaming into a beach area close hauled at an eye watering 5 knots and then instantly cruise 20 feet from the shore on a beam reach, making all the land lubbers jealous that they don't have a nifty little sailboat.

The PSC34 is a serious boat with more than a 5 foot draft and massive keel. You don't play around with it so much.

you reminded me of my first sailing experience :)
I was a junior in high school, and my brother invited me along for a week of sailing during my spring break.
I drove to Anacortes and took the ferry to Friday Harbor to meet them.
Spring break madness at the marina, I walk down with my duffel bag to the dock to the outside finger. There is one spot left in the whole place, there on the outside. 5 boats round the point into the harbor at more or less the same time, and one by one they drop sail and start motoring, save one. This boat is moving right along under sail. He just keeps coming, and the boaters start to watch this madman with one foot on the tiller and a sheet in each hand. They get close enough and recognize my brother up on the foredeck with a fender in hand. That's my boat!
He sailed it right to the dock, dropping sail, kicked the rudder over and landed perfectly to scattered applause. I tossed my duffel on deck like this happens all the time, but I could tell that was cool.

audreyh1 05-01-2021 02:37 PM

We sailed into the slip most of the time. I got very good at it. DH hated that stinky little outboard motor.

Koolau 05-01-2021 03:49 PM

I know nothing about sailing, but just about any "pleasure" craft has significant fixed costs (insurance, mooring, routine maintenance, etc.) That was true with aircraft ownership. I was in a partnership with 2 other guys when we owned an airplane. It worked out rather well. I don't recall a single instance of "NO! I need the plane this weekend." We had a signup sheet and were rigorous about coughing up our monthly ante. Once we all got our licenses and around 100+ hours of time, we seemed to lose interest, I suppose and sold the plane after 2 years. Relatively painless and allowed us to have a plane that none of could afford on our own at the time.

I'd do my homework on the details, but spreading the fixed costs makes a lot of sense IMHO. YMMV

Fermion 05-01-2021 06:31 PM

Quote:

Originally Posted by audreyh1 (Post 2600790)
We sailed into the slip most of the time. I got very good at it. DH hated that stinky little outboard motor.

Our PSC34 has a ~15hp electric inboard motor so I can make it "look" like we are sailing into the slip heh heh.

skyking1 05-01-2021 09:39 PM

LOL that is cheating. :)
The summer I took up sailing in earnest, we raced most Wednesday evenings in Tacoma.
It was a 22 Catalina with a swing keel, and if we were on any kind of downwind run we would crank up the keel until we started sliding.
We took second in our class every time, behind the boat that was always first. It was a blast.

marko 05-02-2021 04:59 AM

Quote:

Originally Posted by mystang52 (Post 2600749)
Even if it's only for one year, it's an almost $11,000 dollar commitment. As I believe another poster wrote, why not rent whenever you want to sail? Do it for a full 6-9 months, or even a year, then examine the total cost.
For me, one "soft cost" that is saved by renting is not feeling compelled to use the boat to "get my money's worth." Disclaimer: I am not a sailor.

One of the most important lessons my dad taught me about sailing is this: "If you're going to break down how much it's costing you per day sailing, go find another hobby. You have to do this because you love it and what it costs, is what it costs. You're never going to get 'your money's worth'."
(but it would be nice if the upkeep on my boat was only $11K per year)

Second most important advice: "The time to reduce sail is the first moment you wonder if you should"

phil1ben 05-02-2021 06:49 AM

Found two other friends and together we share a small sailboat. None of us would use it enough to own on our own. It has worked great for 6 years so far. We opened a bank account that we all contribute into and pay bills. We all share responsibilities.

The Cosmic Avenger 05-02-2021 07:33 AM

Quote:

Originally Posted by phil1ben (Post 2601030)
Found two other friends and together we share a small sailboat. None of us would use it enough to own on our own. It has worked great for 6 years so far. We opened a bank account that we all contribute into and pay bills. We all share responsibilities.

From the drama I've seen centered around family cabins, I'd be concerned about sharing property like that with someone other than a spouse, child, or parent. (The issues seem to arise around adult sibling and cousin levels, IME.) However, I'm glad it works for you, and maybe if those participating don't have bringing decades of memories and childhood baggage about the property in question it's much easier to manage.

Sunset 05-02-2021 08:48 AM

One advantage the renting has is that OP would mostly want to rent when the seasonal weather is nice, and quite possibly not even sail in the middle of Winter.
An effective use of the money, offsetting a possible higher cost/day of sailing.

The fractional membership, means paying for months when not even wanting to sail.

Fermion 05-02-2021 08:52 AM

Quote:

Originally Posted by Sunset (Post 2601087)
The fractional membership, means paying for months when not even wanting to sail.

As opposed to full ownership, which means paying for years when you can't find time to sail ;D

Sunset 05-02-2021 08:59 AM

Quote:

Originally Posted by Fermion (Post 2601089)
As opposed to full ownership, which means paying for years when you can't find time to sail ;D

Yes, I've thought of that with my cars, often they sit still in the garage. A total waste of money each day ;)

Out-to-Lunch 05-02-2021 09:09 AM

This thread really makes me grateful for the arrangement we stumbled into. Friends have a sweet, older (1974) 27' sailboat in a slip on Lake Michigan. We are partners (but not owners), and simply pay 50% of expenses and share maintenance chores. Sometimes we sail together, sometimes separately, but both couples get as much tiller time as we desire. Including the slip and winter storage, yearly expenses are ~$1500 per couple. We expressed willingness to buy 1/2 of the boat, but it isn't worth enough for them to bother with the paperwork. Can't beat that deal!


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