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post #1 of Old 10-11-2007 Thread Starter
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Unrealistic expectations or is $50,000 enough?

My wife and I are two of the many baby - boomers looking to transition from the work world to cruising life. For the past 8 months, we have been searching the internet and contacting brokers looking for a sound, seaworthy boat in the $50,000 US range that we can use to cruise the Bahamas and Caribbean.

Three offers later, all of which were rescinded after high moisture content was revealed in the hulls and / or decks, we're left wondering whether our expectations are unrealistic. Offers were on a Dickerson 37 C/C ketch, Islander Freeport 38C (liked the layout) and Pearson 367 cutter. We have also investigated others such as Westsail 32s, Union 36, Morgan 382 and Pan Oceanic 36 in that price range.

We have two questions. Are we being unrealistic in looking for a dry boat of this vintage (1980s) and price range? How serious is moisture around deck fittings? If there isn't any delamination or rot, is it enough to pull the fittings and re - bed them? Consensus of most brokers that we have spoken to and the surveyors we've engaged is that we are going to have a hard time finding what we are looking for. We fully expect to spend some money to do repairs but are hoping that it doesn't have to include epoxy coating the bottom or replacing large sections of deck core.

With our northern summer now over, we're now wondering if we need to rethink the whole venture (budget vs boat vs cruise). We have a 4 - month window each year (Dec - Mar) in which to enjoy life afloat. We would appreciate your feedback and any suggestions on how we should modify our search.
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