Re: A 60 foot sailboat for $2,600 found on Craigslist
Someone offered to give me a much better condition 60 foot ferro boat that had new rigging a new diesel good sails but needed electrical and interior work done for free. i still said no, you could pour 100 grand into it and still be left with an unsellable ferro boat and i don't have anything against ferro but most people don't want ferro boats and they are not very fun to sail, a lot of there weight is up high where you don't want it but in good condition they can be decent boats but you will never get ever get a cent you put into it. If you spend 100 grabd on it it will still need work and it might be worth 10 grand. Now boats are never good investments but i would like to get at least 25 cents on every dollar i invest. That being said i am a fan of wood boats and they have bad resale value too, but wood is a much better building material than ferro cement strength wise.