Are we (North America) buying too much boat ?
1. Safety is important.
2. We all are different and have different views or degree of taking risk
3. We all have different budgets and expectation.
Even those who cross the oceans, majority of the time, they are sailing with a little wind and mooring a safe harbor. Therefore 99.5% of the time, a coastal sailing boat is more than adequate. I have seen lot of sailboats sailed from Europe to the States and Caribbean, they are not Hallberg Rassy. Most of them are Beneteau, Jeanneau and etc.
OTOH, in Chesapeake Bay I have seen so many blue water boats moving up and down the bay and go nowhere near the ocean. I just don't want to buy a boat more than I really need - crossing the oceans when once when I am ready (round trip, hopefully).
I am old school. Integrity is to do the right thing even when no one is watching.