Join Date: Mar 2006
Location: Vienna, Virginia
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Rep Power: 10
This is exactly what I was looking for.
Let's be clear - I don't look at the boat as being an "investment"... I am not sure where that came through in my previous e-mails. My wish is to buy a boat and maintain the boat enough to keep on top of things and provide a good time sailing. Then, at a later date sell the boat for a reasonable price and roll that cash up into a nicer/larger boat.
I fully expect maintenance to be an issue and I have been scoping out a lot of boats that are obviously way over priced junk. Again, - It doesn't make a lot of sense putting a lot of cash into a boat that doesn't have good bones.
However, my concern was that if I buy a hunter/catalina now in whatever condition, and maintain it within that condition or slightly improve it, that I would be at least able to recoup my purchase price. I would not expect the value of the boat to ever go up unless I completely restored it to like-new condition. That will NEVER happen - I simply don't have the desire to do so.
So, what I am hearing is that I should not discount Hunters and Catalinas just because there are a lot on the market.