The average boat owning idiot.
 

"Capt. JG" wrote in message
...
"Martin Baxter" wrote in message
...
katy wrote:




So would I, but you never invite me.

Scotty


Maybe if ypu bathed?

Hey, now I know that Scotty baths every six months, whether he needs it
or not!


Cheers
Marty


How do you know?

Jealous?

Max

The average boat owning idiot.
 

"katy" wrote in message
...
Scotty wrote:
"katy" wrote in

projection TV.



So would I, but you never invite me.

Scotty



Maybe if we bathed?


together?



With Ringmaster

will the 3 of us fit?

The average boat owning idiot.
 

"Martin Baxter" wrote in message
...
katy wrote:




So would I, but you never invite me.

Scotty


Maybe if ypu bathed?

Hey, now I know that Scotty baths every six months,
whether he needs it
or not!


you peeked?

The average boat owning idiot.
 

"Maxprop" wrote in message
rthlink.net...

"Capt. JG" wrote in message
...
"Martin Baxter" wrote in message
...
katy wrote:




So would I, but you never invite me.

Scotty


Maybe if ypu bathed?

Hey, now I know that Scotty baths every six months, whether he needs it
or not!


Cheers
Marty


How do you know?

Jealous?


No. I take at least one bath a month.

--
"j" ganz @@
www.sailnow.com

The average boat owning idiot.
 

Hey Wilbur--not everything is "an investment" and it's only money!

The average boat owning idiot.
 

"Peter" wrote in message
ups.com...
Hey Wilbur--not everything is "an investment" and it's only money!


Spoken like any other pauper . . .

Wilbur Hubbard

The average boat owning idiot.
 

On Mar 21, 2:53 pm, "Don White" wrote:

It's probably all relative...
That so called "average idiot" is probably hauling in well over 6 figures a
year.


And is pencil -whipping it as a total tax write-off

The average boat owning idiot.
 

On Mar 21, 4:03 pm, "Wilbur Hubbard"
wrote:


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.


Yeah, charter it from the idiot that paid 100k for it.

and is making a prifit.

The average boat owning idiot.
 

On Mar 21, 4:44 pm, Charlie Morgan wrote:
On 21 Mar 2007 13:04:09 -0700, (Jonathan Ganz) wrote:





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.

My 21 year old boat would sell for about the same as it sold for new. Cash,
however is not the only measure of value. Sure I've spent thousands every year
on upkeep, upgrades and marina fees. So what? I've been taking huge amounts of
value out in the form of enjoyment that more than covers it.

If you bought a car for $25k, drove it for 20 years and sold it for 25k, would
you consider it a loss because you spent all that money on oil changes, tires,
and brake jobs? I sure wouldn't. The use I got out of it for those 20 years has
value.

CWM- Hide quoted text -

- Show quoted text -

Agreed, Charlie.

The average boat owning idiot.
 

Wilbur Hubbard wrote:
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


I paid cash for the Mac26M, new and equipped as ordered. My slip fees,
insurance, and other expenses are much lower than the examples you give.
But I don't look down my nose like you do at people buying boats,
houses, cars, or consumer goods on credit. If it weren't for credit
(including credit cards), the US economy would go down the tube, lots of
homeowners would be living in trailers or tenements or on the streets,
and many more would be unemployed.

The issue isn't whether a person uses credit, it's how he/she uses it.
For example, a young family buying a home and car on credit and using
credit cards (with low interest rates, because of their good payment
history) and a relatively low total balance to level out major purchases
is doing the right thing, provided their total payments and total debt
load are moderate relative to their income level and reserves, and
provided they are keeping the percentage of their income invested in
savings, payments into 401 Ks, etc. high. In particular, they have more
budget savvy than someone who prides himself on being debt free but who
hasn't made wise long-term investments.

On the other hand, if owning one's boat, home and cars debt-free and
having lots of savings and investments is what's important, then you
should congratulate me. - Thanks Wilbur!

Jim