In article ,
Don White wrote:

"Wilbur Hubbard" wrote in message
...
The average idiot buys a boat for say 100K and finances it for ten years.
He fits it out and keeps it in a slip. The fitting out costs 20K, the slip
costs 5K per year, the insurance costs 1K a year. Haulout for bottom paint
1K a year. Fuel 1/2K a year.

After ten years the idiot has spent 250K paying back the loan, 20K fitting
out, 50K slip fee, 10K insurance, 10K haulout, 5K fuel, oil, filters, etc.

345K invested in a 100K boat that perhaps can be sold in ten years for
75K. Net loss of 270K. You pay 27 thousand dollars a year to use your boat
a dozen or so weekends a year. Stupid, just plain stupid!

Think about it.

Wilbur Hubbard


It's probably all relative...
That so called "average idiot" is probably hauling in well over 6 figures a
year.
Is it any worse that a washed up retiree pulling in 20K per year on a Post
Office pension and spending $5K per year on an ugly yellow boat with purple
interior?
Both are probably spending the same percentage of their discretionary income
on boating.

I guess I'm not the average idiot, darn it. I paid cash for my Sabre; thus, no
financing. The upkeep, upgrades, fees, etc. are deductible business
expenses, and I get to go sailing.

--
Capt. JG @@
www.sailnow.com