Join Date: Nov 2009
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Re: Best small boat for cruising the Bahamas?
The Cape Dory 25D is a cult boat and, thus, overpriced. A CD27 or CD28 in similar condition will almost always be cheaper. They ought to sail better too.
"Cult" boats got that way because they were valued by enough people, that to say they are "overpriced" ignores the law of supply and demand.
I've never owned a CD, but I did have a catboat--another "cult" boat that held its value. The reason cult boats hold their value is because they offer something to their owners of value over a very long time. You might pay more than another boat of the same vintage, but you will likely get most of your money back when you sell it many years later. The CDs, as I understand them, are solid boats that retain their value better than many of their contemporaries.
Bottom line: CDs aren't overpriced if folks are wiling to pay the price. No one is forcing you to buy one.