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Scotty Scotty is offline
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First recorded activity by BoatBanter: Feb 2007
Posts: 329
Default The average boat owning idiot.

Besides your ranting because you can't afford a decent boat,
what is your point?

Scotty

"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