Join Date: Jul 2007
Thanked 10 Times in 10 Posts
Rep Power: 8
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.