Join Date: Jul 2011
Location: Cleveland, Ohio
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Exponential investment in sailboats
You would not be the first to do this. We managed to find an original owner when we bought ours 6 yrs or so ago. Yes there were a few things we needed to do.....well.....maybe a lot in the end, more than I thought we would do. But so goes the battle! In the end frankly, from talking to a number of folks, seems like it takes about 3 yrs to get the boat the way YOU want it. Some were even asking the how many more $$$$ spent than the initial cost, not in xx%, but 2-3-4times the amount the boat cost! I think I am in the what seems more ave than 10-30%, more like 200-300% of the initial boat cost! I ahve about 30-50K into my boat, initial cost was $22K.
Wow, you sure have done a lot to your boat. The investment is exponential, but as you say you are enjoying the boat and the process and that is the important thing. I'm hoping to be in the 10-30% myself.