The average boat owning idiot.
On Mar 25, 10:30 am, "KLC Lewis" wrote:
"Peter Hendra" wrote in message ... On Sat, 24 Mar 2007 18:56:08 -0600, "KLC Lewis" wrote: My Faith differs in significant ways with Islam, in that we believe that Prophets are sent to every generation, and that there will be no "Last Prophet" until the end of time. Nevertheless, we agree with them in significant ways also -- primarily that there is no god but God. I just realised what I had typed after I pressed the Send button. I hope that I did not come across as patronising. I wasn't. regards Peter Not at all, Peter. It seemed very friendly. :-)- Hide quoted text - - Show quoted text - Agreeing with KLC. Thanks Peter.! |
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 |
The average boat owning idiot.
On Mar 25, 8:35 am, "claus" wrote:
What does all this have to do with boating? About as much as the first post ;) 2MT |
The average boat owning idiot.
Scotty wrote:
"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? Good Lord... |
The average boat owning idiot.
"JimC" wrote in message t... Wilbur Hubbard I paid $25 cash for the Mac26M, You get what you pay for. |
The average boat owning idiot.
Scotty wrote: "JimC" wrote in message t... Wilbur Hubbard I paid $25 cash for the Mac26M, You get what you pay for. \ Sorry you had to sell your Mac, Scotty. It's obvious that you still miss it. Jim |
The average boat owning idiot.
Your ignorance and indefendable rudeness is appalling.
actually, I think lauri insulted Wilbur's name first, and was much more rude and appalling... Mahommed Panaeyotis Hendra Make fun of these Just trying to sound it out is a whole lots of fun... |
The average boat owning idiot.
You are wrong moron. As the Koran - or more correctly transliterated from the arabic - Q'uran - is written in arabic, there are several accepted spellings. s.a.n.d.n.i.g.g.e.r? |
The average boat owning idiot.
On 2007-03-21 17:44:29 -0400, Charlie Morgan said:
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. Sailing has costs, but when I factor in what I *used* to pay for vacations and weekend get-aways that we no longer need, it's positively cheap. Heck, a weekend on the boat costs less than dinner and a movie. -- Jere Lull Tanzer 28 #4 out of Tolchester, MD Xan's new pages: http://web.mac.com/jerelull/iWeb/Xan/ Our BVI pages: http://homepage.mac.com/jerelull/BVI/ |
All times are GMT +1. The time now is 04:18 AM. |
Powered by vBulletin® Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Copyright ©2004 - 2014 BoatBanter.com