Don’t know if this is the right bowl but I’ll give it a shot. Does it make sense to buy a boat? I’m 23, currently renting in the DC area. I can easily afford it but don’t have a SUV or anything to haul it. It would strictly stay in the water. I want one really bad and just miss being home In the summers and out on the boat with my friends. I don’t want to make an impulse decision but man I also want my own without derailing my retirement, eventual house down payment, etc.

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Slip fees can be expensive. DC is cool but the water is gross if you wanted to do any water sports - swimming is also illegal. You might want to consider the bay whether it’s on the MD or VA side.

I’d argue you’re better off renting a boat with your friends when you want. Based off my boat-owning friends’ experience, you never end up using it as much as planned.

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Yeah I would probably keep it at Lake Anna or on the bay in Maryland to keep slip costs low. I just feel as if renting isn’t as cheap as it’s made out to be especially in this area.

A boat is a hole in the water that you throw your money into. When you say you can afford it—does that include slip fees, insurance, running/maintenance costs. Not sure if you are thinking a powerboat or sailboat, but each will have winterizing requirements that can equal a couple grand easily. Save that money for a house, continue to invest and your 30 year old self will be crushing it. Get the basics down then splurge on an item or two...

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Yeah i think that’s the right move! I’m gonna shoot for a rental house by the end of this year/ early 2021 and go for another within the next 2-3 after that. By the time I’m 27/28 hopefully I’ll have 2-3 spots under my belt. Rome wasn’t built in a day

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