Quote:
Originally Posted by djugurba
Interesting- do you think it's a supply/demand issue? With housing values having declined in many areas, it seems it could be that overextended folks with boats paid for with home equity might be quick to the liquidation market. Hence the lower demand, which would seem to lower the prices even further. There are certainly a ton of boats for sale for cheap on the cape and south coast this year.
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Nah boats are always the first thing people stop buying when the economy looks iffy. Its EXTREMELY expensive to keep a boat, home equity may be how you buy the thing but thats the cheap part.
A 40ft Egg would cost you $10k a year just sitting at the dock looking pretty, thats before you do anything to it or turn the key.
As for living aboard its fun, but you have to really want it. Other than a few cloths and some books you have to get rid of everything else you own.