There obviously will be some variability in the arithmetic, but I get Fred's basic point.
The price of the boat ain't the cost. I've always bought older boats, fixed them up, and maintained them myself, and it always cost more than I expected. I've never sold one for as much as I paid for it. Whenever I hear someone talk about investing in a boat I like to remind them that a boat is an expense, not an investment. Although, there are a few rare cases, where I've heard that it's actually possible to make money buying and selling. I've never experienced that myself. I also agree with the person who said he spent his money on women and boats and wasted the rest
. Last year, I started out tabulating all my expenses, but I didn't get through January, when I couldn't stand to look at the total and gave up the idea. I stick with the old school economic theory of spending less than I make, and it will be OK.
Happy New Year!
Chuck