Let's say you study the market and see that you can buy a pretty exceptional turnkey example of the design for $50K and a mostly turnkey example fo $30K that might need a bit (around $5K or so) of TLC.
So, what do you do?
- Buy the $50K boat and sail off into the sunset.
- Buy the $30K boat do the needful TLC and sail off into the sunset.
- Buy the $30K boat do a major refit to the tune of a few years and $66K and sail off into the sunset.
- Buy a cheap fixer-upper W32 fix what's needful and sail off into the sunset for around $25K.
- Look at boats that are cheaper with the same qualities of the W32 and sail off into the sunset with a lot more cash in your cruising kitty.
Objectively, I'd be following the thought process offered in option number 5, but I also recognize that the-heart-wants-what-the-heart-wants so if it must be a W32 then I'd be thinking along the lines of number 4 with number 2 in the back of my mind keeping me honest: there is only $10k or so worth of time and effort that one affords me over the other.
ReplyDelete