SailNet Community - View Single Post - House or Boat?
Thread: House or Boat?
View Single Post
Old 05-11-2010
Ulladh Ulladh is offline
Senior Member
Join Date: Jul 2007
Location: Philadelphia
Posts: 939
Thanks: 0
Thanked 9 Times in 9 Posts
Rep Power: 8
Ulladh is on a distinguished road
In a normal market well maintained residential real estate is not a depreciating asset.
A new boat, well maintained or not will be a depreciating asset.
An older boat well maintained will probably over time not be much of a loss, excluding the cost of maintainance.

Go for it, if you find out later that it is not what you want, then sell the boat and try something else.
Reply With Quote Share with Facebook