* Wilbur Hubbard wrote, On 3/22/2007 8:24 PM:
....
I agree its a reasonable topic of discussion, but basing it on bogus
numbers is counterproductive.


So, let's split the difference then. You purposely went low and ...

No, I tried to be dead on.

I purposely went high.

So you admit you knowingly lied. But what else is new?

Let's compromise and call it 2OK a year. That's
still ridiculous. And it depends a lot on where you slip your boat.
Some places in some of the more expensive parts of the country
rent slips for a forty foot boat, for example, for well
over a grand a month.

Its true that you can find super expensive slips, just like you can
find super expensive houses. But the average is lower than your
quote. Not to mention, 40 feet is more than average.

Your
finance interest rates are too low. etc.

No, I got today's rate from the Essex Finance site, and ran it through
their calculator. That's the difference, I deal with reality, and you
live in a fantasy world.

So you should be willing to
compromise and split the difference too if you're reasonable.

OK, your premise leads to 14K/per year but 10K is easily possible.
Splitting the difference is 12K.

Elsewhere, you claim that investing the money would yield $540K, but
if I plug the real numbers ($14K plus your expenses), you'd actually
be ahead $225K. This is assuming 9% returns, but not factoring in
taxes owed on the income, and the tax deduction of the boat loan,
which could bring the difference down to about $180K. Clearly, its
still a high price to pay, but then, you can't take it with you.