"Edited to add: What Dwight said..." As regards the ongoing discussion on boat value and expenses I’ll give you my case on what we have into our boat in relation to its value to my wife and me. I’m sure that we’re not alone in this. We bought “Ronin” 16 years ago as a decrepit bank-repo. Since then we have put large amounts of money and time (mine…) into her. Serious money. I know because I am one of those fools who keep detailed records of their expenditures. I do this primarily to be able to budget for future upgrades or repairs. The knock-on effect is to have a year-by-year record of costs. Those costs are lost. The boat now, with major upgrades would probably sell for only twice what we paid for it. And there’s always the issue of inflation so in reality the value is even less. But even though the aggregate amount is staggering in its total,when spread out over those 16 years the yearly average isactually quite moderate. Yes, there were some years in the beginning due to the rig and motor needing to be rebuilt along with adding new sails and roller-furling when the yearly total was more than the original cost of the boat. But there have been years when the repair/replacement costs were fairly low. The recent years have cost us nothing but that is because the boat is decommissioned and the downside is that we get none of the value of actually using the boat. But we are lucky enough to have free, and I use that term with tongue firmly in cheek, slipfees because we have our own dock so that goes a long way towards reducing the heartburn. Anyway the reason we continue to put money and time into our boat is that we derive a great deal of pleasure from her. The upgrades that have been done and are yet to be done will make the boat nicer and easier to use. I have long gotten over the 2-footitist desire for something larger, shiner and newer. Both my wife and I are perfectly happy with the looks, size and effort(not) required to sail her. I plan on finishing repairing/upgrading the deck and adding new hardware, painting the deck and hull, and installing electrical, electronic and interior items, all that fortunately already residing in my shed. And after all that is done I feel that we will have a good boat that looks nice, is safe and sound, easy to maintain that will be of use to us for the next 10 years. I have plans to spend a winter in the Bahamas on her. So, yeah, from a financial perspective it doesn’t make sense. My financial advisor* runs screaming out of the room with his hands over ears whenever I start to talk about the money we’ve spent.But we really don’t care about the money in the end. It’s our cost to do what we like to do. Hell, I even enjoy working on the boat. Go figure. Cheers, Dave * Not really. He started out sailing by crewing for me and now has a nice, low-cost, cheap-to-maintain Cal 34. :-)
Sent from my iPhone On Feb 20, 2013, at 10:06 AM, dwight veinot <[email protected]> wrote: > Fun can be expensive…sailing is fun > > Dwight Veinot > C&C 35 MKII, Alianna > Head of St. Margaret's Bay, NS > > From: CnC-List [mailto:[email protected]] On Behalf Of Della > Barba, Joe > Sent: February 20, 2013 10:59 AM > To: [email protected] > Subject: Re: Stus-List Used boat prices > > If I had only known. I was 6 years old in 1969. > > Joe Della Barba > Coquina. > From: CnC-List [mailto:[email protected]] On Behalf Of dwight > veinot > Sent: Wednesday, February 20, 2013 9:25 AM > To: [email protected] > Subject: Re: Stus-List Used boat prices > > Should have bought 2 houses, sell one now and buy a boat…$500K goes a long > way in today’s boat market > > Dwight Veinot > C&C 35 MKII, Alianna > Head of St. Margaret's Bay, NS > > From: CnC-List [mailto:[email protected]] On Behalf Of Della > Barba, Joe > Sent: February 20, 2013 9:53 AM > To: Dennis C.; [email protected] > Subject: Re: Stus-List Used boat prices > > My house cost $34,000 when we moved to Maryland and we paid $35,000 for > Coquina in 1977. For ages her insured value was $55,000. I have paid the > marina $36,000 or so for a slip since 2001 (arghhhhhhhh). > *that house now is worth over $500K. > > Joe Della Barba > > From: CnC-List [mailto:[email protected]] On Behalf Of Dennis C. > Sent: Wednesday, February 20, 2013 8:46 AM > To: [email protected] > Subject: Re: Stus-List Used boat prices > > I paid $10 (yep, ten dollars) less for Touche' in 1999 than it cost new in > 1971. Somewhere in the early 80's, the previous owner had secured a $62K > mortgage on it. > > Dennis C. > Touche' 35-1 #83 > Mandeville, LA > > From: "Della Barba, Joe" <[email protected]> > To: "[email protected]" <[email protected]> > Sent: Tuesday, February 19, 2013 12:08 PM > Subject: Re: Stus-List Used boat prices > > To depress everyone more – we paid more for Coquina than we paid for our > house AND she *appreciated* in value over the next few years quite a bit. > > Joe Della Barba Coquina C&C 35 MK I > > _______________________________________________ > This List is provided by the C&C Photo Album > http://www.cncphotoalbum.com > [email protected] > > No virus found in this message. > Checked by AVG - www.avg.com > Version: 2012.0.2238 / Virus Database: 2639/5618 - Release Date: 02/20/13 > No virus found in this message. > Checked by AVG - www.avg.com > Version: 2012.0.2238 / Virus Database: 2639/5618 - Release Date: 02/20/13 > _______________________________________________ > This List is provided by the C&C Photo Album > http://www.cncphotoalbum.com > [email protected]
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