And I am sorry for the rude awakening, but buying a 30-year old boat with payments was a misstep. New boats have payments and few repairs. Old boats have no payments and many repairs. You'll be OK. You just have a learning curve.
Oh I didn't finance the purchase of this boat, I just paid $11,500 outright. I have no payments. I'm told its now worth $9,000 but right now is very different then even last September for boat values. If I spend another $10,000 on repairs now AND the boat does well for me for the next 8 seasons with minor repair and ordinary maintenance I'll be okay with that. Yes any boat is a bad financial move, but some must be worse than others.
My worry is what lies ahead. The suggestions that I get a better evaluation of the deck and probably the hull to make sense. Then at least I'll know what I am in for.
As for whether I love the boat, not really, but I don't hate it either. I thought I liked it when I bought it. I thought it was odd that the engine was in the middle of the cabin. The six weeks of sailing I got in last season convinced me that having it there really sucks, as its hard to squeeze by it and there is no leg room to sit and such. Then I learned that someone moved the engine from where it belongs to the middle of the cabin!