The average boat owning idiot.
 

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

The average boat owning idiot.
 

On Wed, 21 Mar 2007 19:15:08 -0500, "Noname"
wrote:


" Got to go. Time to smoke a fine cigar and make love with one of my
many
female companions who love the life wealth can give them...

Wilbur Hubbard

Better be careful Neal, that cigar could melt a hole in those blow up
dolls - Or, maybe thats what you want to do?

Rubli W Drabbuh

PS: Isn't it pityful that this guy still seeks attention on the net . No
friends and the laughing stock of the Keys.


Yes, I always thought it was kind of sad really. We put sick,
incurable and miserable an imals out of their misery.

The average boat owning idiot.
 

On Wed, 21 Mar 2007 20:09:56 -0500, "Scotty" w@u wrote:

Besides your ranting because you can't afford a decent boat,
what is your point?

Scotty

Very simple really,

He gets the attention he so sadly needs.

Ever experienced attention starved little kids doing something naughty
right in front of you whilst staring you in the eye? They know they
are going to get punished but hey, any attention is better than none.

I guess that some of these poor souls never grow up

cheers
Peter

The average boat owning idiot.
 

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

The average boat owning idiot.
 

"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.

The average boat owning idiot.
 

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

The average boat owning idiot.
 

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.

The average boat owning idiot.
 

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

The average boat owning idiot.
 

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.

The average boat owning idiot.
 

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

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