Owner 4knot sb.
Join Date: Jun 2007
Location: East Stroudsburg, PA
Thanked 110 Times in 105 Posts
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Re: Thinking of buying a 1979 J/24
Eh it's not enough money really to worry... if you are 100% paid for to do it go for it, you only live once... if it explodes after a year, well, you had fun right?
Sorry you are in my ballpark of boat prices it sounds, and my take is, my boat could sink today, and I'd be out nothing. Sure I'd miss her, but I've sailed her bottom off too and have gotten my monies worth out of her. I plan to push her for every second of fun I can going forward for sure, and I'll make her as safe as I can, and sail as good as I can (money will continue to be sunk in my 30+ year old boat regardless), but hey it's PAID FOR, and properly insured, and registered!
Sounds like your thinking is very much like mine, going for the most "smiles per gallon."
Buy it, sail it, fix it up, but realize it's 30+ and living on borrowed time. Sure it's a tough boat, and might need work to keep her sailing, but that's gravy.
PS: still sounds like a bargain
"Rum Line" a 1982, S2 7.9 - Production boat limit tester, blue-water bucket owner, with wine taste on a beer budget.