Gene Kearns wrote:
On Tue, 27 Nov 2007 11:27:26 -0500, HK penned the following well
considered thoughts to the readers of rec.boats:

"With a little bit of budgeting, it would seem reasonable that most
families could justify spending 6-month's income on a used boat or
perhaps a year's income on a new one."


Only if they are insane.

In 2006, the median annual household income according to the US Census
Bureau was determined to be $48,201.00.

Maybe a 245 Bayliner Cruiser for 50K?

Maybe 3 families could go together and buy a 28' Mako.... 106K on sale
at Bass Pro....


Nah.........




I've always thought expensive, depreciating toys should be purchased
with "loose cash," and not with loans, or with a critical savings
account. I get a big chuckle out of some of the ads I see for very
expensive boats that tout that you can buy one for only $XXX a month for
36 months, and then, of course, you have 20 years of payments left at
$ZZZZ a month. What a nightmare.