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Cement boats were the stitch and glue of the seventies. As Fstbttms pointed out they were often built by guys in their back yards, and more then a few tried their hands at design as well. Either from scratch or by modifying an existing design. This compounded poor construction with equally poor designs.
Add in that since no big production company ever made a big production run of them, they are few and far between and generally people are nervous about what they aren't used to. This also means fewer people who know how to work on them or repair them. Also insurance companies are skittish about covering them so it's both harder and more expensive to get either loans or insurance on them. And last but not least because all the aforementioned problems, some marinas don't allow them either.
The irony in all of that, is that if your looking for a cheap cruising boat and aren't worried about having more then liability insurance then you can find some really good deals on ferro boats. But then you add the problem of finding a good surveyor that knows about ferro boats to make sure your getting a good deal.
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