RE: Boats too costly to keep are littering coastlines - NY Times
Not quite a bust here in Houston / Galveston with Ike. Thousands of boats were destroyed. I think a lot of owners were delighted at their luck. That is, if they were insured! One big, but cheap junker is still impaled by the stern on a piling down the road aways. No insurance, the owner doesn't have the money to do anything with it (it'll take a big crane to remove), and the city is fining him $500 / day until he moves it. My guess is that it'll mysteriously burn one night, or he'll leave town.