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post #26 of Old 09-23-2018
MikeOReilly
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Re: What To Take Into Account When Considering A 40+ Year Old Sailboat?

Quote:
Originally Posted by Dispatch View Post
I'm trying to cipher if buying one that old is cost-effective, (with the assumption of it being in equally good condition), does a sailboat that many decades old depreciate faster than one that is 10 years or so newer, and if so, how do you determine its reduction rate?
What the others have saidÖ An old boat has probably reached its low price point. You canít really raise it much, but you can lower it through poor maintenance.

If youíre looking for a financial justification to buy a boat, youíre not going to find one. Unless the boat is going to be your primary home, itís almost always going to be a poor financial investment ó but an amazing investment in life!

Why go fast, when you can go slow.
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