On Wed, 21 Mar 2007 16:26:07 -0400, "Wilbur Hubbard"
wrote:


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

Hi Wilbur,

Perhaps to an accountant or to someone who values millionaire status,
but some people actujally make a concious choice having done exactly
those sums you have portrayed.

Some of us even went further along the path of your described
insanity. We built our boats from scratch even though we knew at the
outset that we could have had possibly a cheaper boat if we had
continued to work at high paying jobs and thus paid for said boat.

It all depends on what the individual wishes to do with his life -
become a millionaire or to gain immense satisfaction by fulfilling a
boyhood dream and building and sailing his (or her as in the case of
such as julia Hazel) own boat around the world or their backyard.

There are other dreams in addition to the rather pointless one you
seem to point to. Why spend all your life working for the goal of
retiring a wealthy man. I had a close friend with that aim. He died
suddenly at 45. His wife took up with a younger man who kn ew how to
spend money.

cheers
Peter Hendra

"Wilbur Hubbard" wrote in message
...

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. . .

Perhaps not. What will you do with your million? Will you buy a boat but
be unable to enjoy it due to the infirmity of advancing age? Will you pass
it on to your kids, knowing full well that they'll just blow it on $250K
boats? Or will you just sit around and total up your assets, while
wondering why you had such a dull and uninspired life watching TV while
others were out sailing?

Max

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.

"KLC Lewis" wrote in message
et...

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.

It certainly didn't take just this tirade to dissuade me from inviting him
aboard.

Max

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 "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

"Lauri Tarkkonen" wrote in message
...
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

Lauri,

You are a trip. So touchy-feely and all that liberal crapola. If it
feels good go it. But have you never stopped to think you could have
taken your investment advisor's advice and invested in something that
would earn you some money instead of something that cost you an arm and
a leg? 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. I can tell from your posts that you are quite
impoverished. People who say it's dangerous to have more money than
brains usually have less brains than usual. You can NEVER have too much
money. Just like you can never have too much fun.

But, you do sound kinda cute. Do you have a nice figure? Are you 35 or
under? Do you have all your teeth? Can you read a compass. Post a link
to a picture if you're attractive. I'll take you out on my (paid for)
boat (a Swan 68) and we can have a sunset all to ourselves. I live like
a king. You can be queen for a day.
How's about it honey?

Wilbur Hubbard

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

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

"Ernest Scribbler" wrote in
message
et...
"Don White" wrote
an ugly yellow boat with purple interior?

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


that is *SO* gay!

SBV

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