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There have been a number of topics posted where the question of how much money/time/work is too much to put into a 27. Of course for the do it your selfer there is a better return than for those who pay top dollar in professional repairs. Other owners only want a boat to sail or race and are not inclined to spending two hours painting the bilge much less 25 hours replacing a dead A4. (Some of this has been detailed in "Buying a MK III" and "What to look for".) A member of our local cruising club just spent some BIG money buying and outfitting a new Catalina and I expect that he will loose $20k in depreciation before he pays it off. My question is how much would you put into a 27 knowing that the sell price is relatively fixed and what kind of cost difference can a new owner expect between doing it all them selves and having a boat professionaly restored? I'm considering a boat a money loosing project to begin with (although I have been luckily breaking even with my boats to this point). Comments?</SPAN>
Mike M
SV Pura Vida
#375
Galveston Bay
Mike M
SV Wind Horse
#375
Galveston, Tx
Offline
Hi Mike,
I have a good friend who seems to be able to quickly cut to the heart of any controversy. It is her observation that in matters like the necessities, such as food, shelter. transportation etc., we spend what is necessary BUT when it comes to discretionary spending such as buying things for our enjoyment, her rule of thumb is to ask: What's the F/E ratio* ???
We don't need a boat and how much we choose to spend is up to us. Some may choose to go "new" , some to buy a "fixer-upper" but the question remains , how much fun can you buy for the bucks you lay out??
Even if a boat costs very little but doesn't get used, the F/E ratio may be far too low to justify.
* In the F/E Ratio, F= Fun E= Expense
Clare Jordan
<U>SAIL FOR SALE </U>_
#2 Genoa for 27' Mk.111 by North Sails . Tri-radial cut, Norlam fabric, built 1998-- good shape . Window, tell-tales and draught stripe. Stitching etc. checked ;2001/2002 . #6 Luff tape .
Replacement Genoa is on order for 2004 racing season but there's some cruising years left in this one -$ 550 asking price. phone 613 498-2029 or e-mail <A href="mailto:bosco@ripnet.com">bosco@ripnet.com</A> <img src="emoticons/icon_frown.gif">Brockville)
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Good point Clare. As a former Wellcraft dealer I've sold thousands of boats over the years. I dont recall ever selling a boat to someone who NEEDED it. It all starts with WANT. That WANT gets infected with a self inflicted virus called Pride of OWNERSHIP. If a prospective buyer says "I need to check with my wife---or my accountant" consider the deal gone---in most cases. There just ain"t no way to justify owning these things. When we reach the terminally ill stages of PRIDE OF OWNERSHIP---we'll go to any lengths to justify getting it----likewise---when the romance is over----we'll go to any lengths to justify geting rid of it.
Right now I've found my mate for life in my 27. Though I did notice that cute little FLICKA 20' in the next slip wink at me the other day!!!!Dave Tinder
DAWN BREAKER Mk3
Ft Myers
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