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Peggie Hall
 
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Default Looking for project Sailboat?

Ron Thornton wrote:
Go to the site and you will see they are asking $30,000.


Weeeeeeellll...what IS a pristine (whatever year) 33 Morgan OI worth???

My last boat was a "project" boat...I bought her for $25k, put another
$18 into her, and sold her for $48k. So if this one can be bought for
about the same price, restored for about the same amount, and be worth
at least as much as total amount invested in her, $30k asking doesn't
sound all that bad to me.

Y'all's thinking is exactly the opposite of what a bunch of old crocks
thought when I bought my boat. The seller was the estate of another
member. When the amount I paid for it got around, they all accused me of
stealing it--of taking food out of his widow's mouth....they all
insisted she was a "$40k yacht." But when I cornered a bunch of 'em at
the bar and said, "ok, gentlemen...you're all so sure it's worth
$40k...I'll sell her to any or all of you together for the same $25k I
paid for her, and YOU can sell it for $40k." No takers.

Now y'all are saying that this boat can't be bought and restored for
what she'll be worth when she's been restored...are you sure you know
any more about what this boat is worth than the old crocks at my YC knew
about the worth of my boat? )

Peggie
----------
Peggie Hall
Specializing in marine sanitation since 1987
Author "Get Rid of Boat Odors - A Guide To Marine Sanitation Systems and
Other Sources of Aggravation and Odor"
http://shop.sailboatowners.com/detai...=400&group=327

http://www.seaworthy.com/html/get_ri...oat_odors.html



 
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