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It seems to me that there are very few rules of thumb in buying newer vs. buying older, as there are just too many variables. There are also a lot of ways to screw yourself over in buying a boat that needs a great deal of work -- unless you know EXACTLY what something is actually worth. I got incredibly lucky and got a older boat that is absolutely perfect for my family -- and I was/am an idiot. All things considered, I think everyone who loves sailing has to thank their lucky stars that we live in a time that private yacht ownership is available to us. You don't have to go very far back in time when owning a sailboat that can actually double as a home was financially feasible for anyone who wasn't a gazillionaire.
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