owners are NOT Factory Workers,
no regret there, their toys lost value
now they wont someone else to pay

With commercial syndicates, people are generally prepared to pay a little bit more to pay a lot less, ie, the sum of the syndicate is less than the value of the boat. But that Elan looks well priced as a new one lists at $306k. It's a good option for many.

I'm in a private syndicate of 4 owners and am very happy, this is my second private syndicate. I get a boat that I couldn't afford or justify on my own, maintenance doesn't hurt as much when the cost is split 4 ways and we are able to afford improvements as well. Thing are not "put off". Being a small syndicate, I get as much use as I ever want and also have no problems getting a crew together for racing or short trips away. The boat gets good use and is maintained exceptionally well. At my stage of life, with younger kids, mortgage, school fees, ballet fees, music lesson, sports fees, holidays, travel; it's a very good way to enjoy boat ownership and not be a burden in either time or money.

dont think I'd go the Volvo though, perhaps it's $30k for the boat and $330k for maintenance fund?

I bought my yacht off Jonathon. He is actually a nice young bloke!

Ramona said..
I bought my yacht off Jonathon. He is actually a nice young bloke!

I met him Easter last year when I looked at the Cav 28 he had for sale at $18,000 just before I bought Second Wind for $10.000 more.

He seemed like a nice enough guy and I admired him for the way he operates in the big fish pond called Sydney Harbour. He is all over it. I had to chase him to get my $1,000 holding deposit back but he came good.

I think he sails pretty close to the wind though.

I've met him, once or twice when I was looking at boats a few years ago, he has a pretty good rep, and is usually the only bloke who will take on the real dangers that no other broker will take. He has a lot of sailing experience, apparently, but as you say, not a lot on the actual boats he's selling.

I dealt with the chap.....a lot of stories and not much actual knowledge...not a pleasant experience overall