In article . net,
Maxprop wrote:
The prevailing mortgage loans in San Francisco these days are the no-down,
interest-only loans. Some lenders even advertise "no credit checks." If
the real estate bubble bursts, there may be some lenders in a world of hurt.
That said, I'd never want anything resembling a depreciating asset (Swan 44,
for example) on paper. I buy only what I can afford to pay cash for.

Well, that's not a terrible philosophy, but it isn't necessarily the
best one. My next boat will probably be via some sort of loan. It's
not that I can't afford it to pay cash, but I can probably find other
uses for the cash, I won't be depleting my cash reserves, and I can
claim the boat as a vacation home and get some tax benefit from it. It
will still depreciate in value, but I should be able to partially make
up for that with this strategy.




--
"j" ganz @@
www.sailnow.com