Originally Posted by patrscoe
Thanks Jeff, very well stated. You post is exactly what I am trying to figure out.
FYI - the redesign of the running rigging was fairly basic; replacing and upgrading the mainsheet purchase, replaced all the lines, ran a few controls to the cockpit, etc... nothing out of the box type of things.
My points have pretty well been covered but the bottom line on this sort of question is: do you like working on the boat as a hobby? If not and all you are going to do is cut cheques for other people to do the work, buy a newer boat. If you can and will do most of the work yourself, go for the upgrade.
Boats are not an financial investment, they are a lifestyle cost but those costs can get unreasonable quickly if not realistically managed. If they are managed you can get a much nicer boat than you could otherwise afford and in some cases, even break even or make a couple of bucks in the end.
By the way, just to let one of my neuroses show, restoring an old boat is a reFIT. Adding new gear to a boat not originally equipped with it is a RETROfit. Replacing the standing rigging is a reFIT - putting furling on a 60's era Pearson is a RETROfit.
I, myself, personally intend to continue being outspoken and opinionated, intolerant of all fanatics, fools and ignoramuses, deeply suspicious of all those who have "found the answer" and on my bad days, downright rude.
Last edited by SloopJonB; 07-25-2011 at 10:41 PM.