Jeff wrote:
NE Sailboat wrote:

And where is the price of real estate doubling?

Just about every house I know that's in a good location has doubled or
tripled in the last 10 years. Clearly, the last few months have not
been kind in a lot of areas.

That aside, ever try to go cruising in a condo?


Yes, my condomaran! But that depreciates.

What if you own a house, take out a small equity loan, buy your dream
sailboat, and write off the interest against taxes.


But how do you pay a mortgage while cruising?
Have it deducted automatically each month from your checking account.