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

"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.

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.

--
Capt. JG @@
www.sailnow.com

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


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.

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.


If that sum wasn't spent on something else stupid and useless as far as
investment is concerned it could be invested in something that would
give a reasonable return. Things like land, stocks, bonds, gold(in the
last ten years), If you get a 10% return per anum your 270K will be
worth 540K in ten years. In twenty years it makes you a millionaire. So
you trade millionaire status for the privilege of owning a 100K boat?

That's totally insane. . .

Wilbur Hubbard

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.


Gee, if it wasn't for all us idiots who actually own these pieces of
floating crap, Captain Kneel wouldn't have a boat to play on at all. Wonder
how many he'll be welcomed on after word of his attitude gets around the
docks.

"Don White" wrote
an ugly yellow boat with purple interior?

It's mauve on gold, I'll have you know...

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!

In "Wilbur Hubbard" 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.


If that sum wasn't spent on something else stupid and useless as far as
investment is concerned it could be invested in something that would
give a reasonable return. Things like land, stocks, bonds, gold(in the
last ten years), If you get a 10% return per anum your 270K will be
worth 540K in ten years. In twenty years it makes you a millionaire. So
you trade millionaire status for the privilege of owning a 100K boat?

That's totally insane. . .

Wilbur Hubbard

I do not know what gives you the right to call someone with different
preferences than you an idiot.

Long time ago, I bought a small sailing boat, for some amount of money,
my brother in law a financial wizard said: I would not but my money in
boats, I get much better return in buing some stock from the market.
I asked him: How can you sail with the stock? He told me, of course you
do not sail with the stock, but after you sell them I have more money
than you when you sell the boat. I was sailing the boat, enjoying the
sea and the archipelago, even could take him on a ride, that he enjoyed
a lot. Say, whatever you please, I might be stupid to invest the money
in a boat, it does not only give me some days or weeks at the seas, it
gives me dreams in the winter about future sailing trips and nice
memories for the previous ones. Of course you might say that your dreams
about getting more money to be invested in some more stock or gold are
better dreams than mine or your fond memories of keeping the money in
your hand or looking at the balance of your check account might be more
beautifull than mine memories of the perfect sunset in the archipelago.

You may keep your dreams of the $$$$$$, but for many sailors the dollars
have any value only if they can be used to buy the memories of a perfect
sailing trip. So you might feel you are a better human being as you have
more dollars than me, but I was able to provide the brother in law an
unforgettable experience in my sailing boat, that he could not do for
me, as I did not get more kicks of looking at his bank statement than I
wold get bu looking of my own.

You may still call us idiots, but we are happy idiots, but I know many
people thinking your way, and they are unhappy, as they are afraid that
the value of their stock will just evaporate, but I know that my fond
memories will be there for ever. When I die, I have at least had the
experience and my children might come to **** on my grave for spending
my money in a sailing boat and not leaving them piles of $$$$$. By the
way, they are not sailors, but they have told that they give much value
of the days they have spent on sea with me in my boat, and they do not
need any money from me.

- Lauri Tarkkonen

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