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I might add a new wrinkle to think about. There is an Australian lad I ran into recently who purchased a 50+ foot wooden schooner of mid-1950''s vintage and rented a dock in DuBai for it''s berth. He takes folks out on the boat for ~3 hours every afternoon, only soft drinks are gratis, maybe 15-20 European tourist types each time who gladly cough up around 30 bucks a head and, thus he earns his daily upkeep and profit margin. He can single-hand the boat due to power winches and all sheets leading to the cockpit. He makes decent money this way, but gives up the freedom of sailing off into the wild blue at a moment''s notice. Still, if sailing is your passion........
 
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