So, where were we...
I'm pretty sure we were describing how a cheap fixer upper can be a lot more expensive than a turnkey boat.
That said, I'm a big fan of fixer upper boats. It's just that a lot of
people don't do the math and, as a result, wind up unhappy campers.
Happy campers, by contrast, when they buy a fixer upper, know what the
boat will be worth when they've finished fixing and refitting it. For
what it's worth, they also realize that their labor has a worth of its
own and a dollar/euro/yen value. The bottom line is the total cost of
the boat when finished has to be significantly less than one you can buy
for cash in turnkey condition.
I'll repeat the important part...
Otherwise, what's the point?