"Wayne.B" wrote in message
...
On Wed, 10 Jan 2007 16:54:55 GMT, Short Wave Sportfishing
wrote:

I have never paid for a boat with a loan.

It's a losing proposition

Not necessarily so.

If you can "rent" money for a bit over 5% (and deduct the rent), while
at the same time making 9 to 12% on other investments, where is the
losing proposition?


Even if you "rent" the money for the same amount that you can earn on
investments, you're ahead because of the tax deduction.