"Lauri Tarkkonen" wrote in message
...
In "KLC Lewis"
writes:


wrote in message
...
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

Now Wilbur do the math if the idiot did not purchased a boat.
Show with concrete evidence what happened to the 270K that what not
spend
buying and maintaining a boat.


"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

As for me and Essie, I paid cash for her (all of $8,000) and have
probably
put another $15,000 into new sails, rigging, instruments, anchors and
other
improvements over the past 6 years. I pay about $3,000 per year on
summer
slip / winter storage. Insurance is about $350 per year. Fuel? I
haven't
bought any for years -- I probably burn about $10 worth in a season,
since
the motor rarely runs and only burns about a quart an hour. Haulout
for
bottom paint? Hauling out happens every October, as close to Halloween
as I
can manage. I repaint the bottom, if needed, before splashing in the
spring
(one month from today) and isn't an extra expense. But everywhere I've
been
where bottom painting requires special haul-out, it happens every
three
years or so, and costs about $500. Even if it's a grand, it's not a
grand
every year.

What's she worth today? I can't say. I wouldn't sell her for rubies.
If I go
broke and bankrupt and lose 'most everything I own, I will still have
my
boat which will be my only home. People go to bars and pay $5.00 for a
drink
which passes right through them after stealing their brain for a
spell. To
me, THAT is a waste of money. Whatever floats y'er boat, mate!

We all know that it is dangerous to have more money than brains. To me
you are very fortunate, you are rich enough to get a boat enjoy it and
this other man is so poor he must calculate if he can afford one or
not.
As he can not afford it, we really should feel sorry for him.

- Lauri Tarkkonen

Lauri,

You are a trip. So touchy-feely and all that liberal crapola. If it
feels good go it. But have you never stopped to think you could have
taken your investment advisor's advice and invested in something that
would earn you some money instead of something that cost you an arm and
a leg? You can always charter a boat for a week-end if you highly value
a sunset somewhere aboard. The best of both worlds can be had with a
little sane thinking. I can tell from your posts that you are quite
impoverished. People who say it's dangerous to have more money than
brains usually have less brains than usual. You can NEVER have too much
money. Just like you can never have too much fun.

But, you do sound kinda cute. Do you have a nice figure? Are you 35 or
under? Do you have all your teeth? Can you read a compass. Post a link
to a picture if you're attractive. I'll take you out on my (paid for)
boat (a Swan 68) and we can have a sunset all to ourselves. I live like
a king. You can be queen for a day.
How's about it honey?

Wilbur Hubbard