Re: No financial crisis ?
Because houses were an asset bubble that inflated and then burst. Sailboats are expensive, but never entered bubble territory. Stop looking for an absolute steal of a boat and look for a clean clean clean boat that is in your price range. You'll come out ahead in most cases when you factor in the time wasted.
If you're scraping the bottom of the barrel price wise, I strongly suggest downsizing the boat you put yourself into or chartering. I can point you to at least a half dozen blogs where someone bought a project boat only to let go of the dream after spending thousands of dollars and unbelievable amount of labor time getting their project up and going.