Fed up with high rents? Think you'll save a bundle by living on a boat? Think again. Connie Breedlove of Ventura Yacht Sales encourages potential boat dwellers to take a hard look at the obvious as well as the hidden costs involved in living afloat.
* The Boat
A 36-foot boat, an average length for live-aboard purposes, might cost $50,000. With 6.25% sales tax, the total comes to $53,125. With a minimum down payment, a typical 15-year mortgage at 12% on $42,500 comes out to a monthly payment of $510.
* The Slip
Slip and living-aboard fees vary according to each marina, but for a couple the total might come to $400 to $500 in the Ventura County area.
* The Stuff
Boat dwellers can seldom pack all their household belongings onto a boat. They put the overflow in storage lockers that could run $50 to $70 a month. A post office box is another $8 a month.