Quote:
Originally Posted by sailingdog
Just curious, what's your point???
If you can't afford a boat...don't buy one...
BTW, your analysis is probably a bit off, since no used boat is going to depreciate from $20,000 to $16,000 in a year. Let's assume that the boat is a 30' LOA Benehuntalina. The boat would cost new, somewhere north of $90,000...and for it to be selling for $20,000 it's got to be at least six years old—since it has depreciated by over $70,000. I don't see a six-year old boat dropping $4,000 in value over a year...
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Hey, I want to know more about that Telstar in your sig!
Regarding your post...
I think I said plainly what my point was above. I want for dreamers and people reading my advice blog to prepare themselves before they commit to their dream and have it go upside down quickly, like I see all the time in SoCal marinas. I've seen it for decades... its always the same story: they don't understand the costs or the commitment and they bail within a year or two, especially when the wife starts complaining about her mall money going to waste on their "mistress".
The numbers are approximate but close to real I think.