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post #91 of Old 04-05-2013
Quickstep192
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Re: Apparently I'm not meant to have a boat...

I'm a little perplexed by the economics of this. The mechanic said the repairs exceed the value of the boat.... Is that based on the current value, or the value after the repairs? I'd imagine a boat like that with a reliable power plant would be worth more than one that had those repairs waiting for the next owner. If you had bought the boat new in 1980 and still owned it, the need for those repairs would have arisen anyway; maybe not all at once, but you still would have had to pay the piper. Back to the economics for a minute; A quick look on yacht world seems to indicate that an 80's vintage Allmand 31 is worth about $20k. I'm not a mechanic by any stretch of the imagination, but $20k for those repairs sounds like a lot. Even at half that, it feels like a stretch.
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