Frank Maier wrote:

Stephen Trapani wrote:

Okay, after getting advice here, I'm the guy who wouldn't go $8500 for a
'68 Newport 30,' and after seeing the Piver and hearing the warnings,
ran

...snip...

Is this too good to be true?


Stephen,

You seem like a smart guy and you're a fellow Northwesterner, so I
hate to rain on your parade. We get enough of that here as it is.
But...

Remember the old saying, "If it sounds too good to be true, it is."

Obviously I have zero personal knowledge about any of the specifics
you're looking at. It's possible you could get the deal of the
century. IMO, it's more likely you're gonna get an education in
economics.

Do you know about Marina auctions? I mean, there's no one there trying
to cheat you, it's a randomly impounded boat, it could easily be great,
right? The marinas dump these boats to get back their lost moorage
money. Aren't these marina auctions common? Are they the best kept
secret in boating or something? What, my luck I finally stumbled on that
gold mine I've been dreaming of all my life?!!! ;-)

I don't remember if you gave any history in your original post. Have
you considered simply chartering? When you take that initial $multi-K
investment, then add on everything you hafta add on to own a boat year
'round, like marina fees,

I have property on the Puget Sound, on a little bay, I'm planning to put
in a buoy, or actually, have one put in professionally. It's in the budget.

insurance, maintenance, repairs, etc.

Again, my nutty idea: If I get the right boat at the right price, like a
neglected, quality boat with some age, that has value, I'll get my money
back from maintenance and repairs won't I? or a good chunk of it?
Meanwhile I can have fun sailing and cruising around the massive
shoreline that is Puget Sound with my family. Even if it needs a few
thousand for a new motor and a few thousand for new sails, I can put my
elbow grease into it, etc, and have it worth more in five years or so,
if I want to move up in boats, or if I want to get out of boats altogether.

Well,
it just might be more economically realistic to charter or join a
sailing club and do a time-share kinda deal. There are lots of those
around Puget Sound.

I have the money sitting there, waiting to become a boat.


What type of boat is this repo/lien/auction thingy?

A Hunter, over 30,' don't know the year yet.

Stephen