Join Date: Feb 2010
Location: Narragansett Bay
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Re: "You make your money buying the boat, not selling it."
...This is pure speculation but this could be an example of an owner who bought at or close to asking price. ....
Could be, but I see no correlation. People list their boats high all the time, for a variety of reason. Believe it or not, in some cases, the boat is worth it, despite inferior comps. In others they are just stubborn, no mater what they paid, be it more or less.
I have a buddy whose boat is for sale right now for about twice what he paid. Granted, he did a huge refit of nearly every mechanical system aboard. However, he just has a line in the water to see if there are any stupid fish out there willing to reimburse him for the cost of his refit. If one bites, he will sell and move up. If not not, he's just enjoying his boat.
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In the harsh marine environment, something is always in need of repair. Margaritas fix everything.