"Gordon" wrote in message
...

d) Why does the value of boats fall off so fast? Some new boats
seem
to loose half their value in five years.

Because people are stupid enough to buy a new boat which costs a lot
of money. Same as with cars.

Not all boats lose that much. In 1989, an Island Packet 31 listed
at under $78,000. Today there is a 1989 on Yacht World for $74,000 and
this is typical for IPs. Of course if you count inflation--
Still not bad for an 18 year old boat.
Gordon

Island Packet = the most overpriced boat in the industry. It's a good
thing they have high resale value because you don't get your money's
worth as far as quality of construction goes.

Wilbur Hubbard