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I think it's supply and demand. Sailboats last a very long time, and aren't as popular as they used to be- there are a lot more sailboats on the market than buyers, and most of the ones that aren't on the market are sitting unused.
I can't figure out why sailing isn't more popular. I have less money in my Catalina 22 than some of my friends have in their laptop computers or video game systems. I can't imagine anyone would prefer a weekend playing video games indoors to a weekend sailing!
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