Bruce in Bangkok wrote:
On Mon, 24 Nov 2008 05:14:32 -0800 (PST), "

My experience is that, other then inflation, used boats do not
appreciate. Quite the contrary, they go down in value and in addition
the number of things that go wrong multiply... rapidly.


I don't even know about inflation. We sold our 32' boat years ago for
$40k. The same boat in the same condition today is worth maybe $30k.
Meanwhile houses have ballooned in price.

I have a buddy whose a boat flipper, but he has serious skills. He buys
boats for nothing (usually recently sunk) and fixes them up nicely. Then
he makes a profit or to put it another way, he sells his labor in the
fix up.