Originally Posted by danjarch
Another thing to consider in money terms is your hourly rate. If you make less twenty dollars an hour, spending 100 hours to do a job that would have cost $4000 dollars makes since, you can purchase an older boat and invest your sweat and labor in it. If you make $60 an hour you might rather go in to work for the exta 100 hours. Then pocket the difference.
That's the problem with these hypothetical discusions. It's debatable whether you could find the two boats in the conditions you've stated, for the prices you've stated. Then you have to consider what you will be earning ten years from now and how huch time you'll have to spend with your boat.
I won't be making anything "per hour" I plan on sailing!! I will rent out both my houses and use the boat as my home full time. Having said that, I don't even have a clue how to change the oil in my car so not sure how much labor I can do on a boat, but I am betting that I become a quick study