Join Date: Oct 2010
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Re: Why so many unused boats?
With no intent to offend, it is a mistake that many seem to make that a boat is an investment like a house. It is not. Boats are like women, they may improve to a certain point, but at some point they begin to decline and only with massive amounts of capital infusion can they keep their looks, and even then, then new models out perform them. At that point, only those of us who remember them in their glory find them more attractive than the young ones.
Strictly financially speaking, the idea that a boat is an asset like real estate is wrong. They can always build newer and nicer boats, while real estate is limited.
Again, no intent to offend, I just disagree with your thinking on this.
Aren't we lucky men age so well..