Quote:
Originally Posted by SomeSailor
I'm noticing most do not include the payment for the boat itself in their annual cost although most are making them. Are we kidding ourselves a bit?
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Some boat owners will have an interest component on borrowings for the boat. Others bear an "opportunity cost", ie their $ in the boat which could otherwise be invested for a return. Others will have a combination of the two.
And there is depreciation.Many boats are a depreciating asset, no matter how much we spend on maintenance.
But that is not the test of boat ownership,we love our boats, we enjoy them, love our boating, our boating friends and the whole boating life.
It is interesting to check how many $ go on the boat. How others regulate their spend may help us too, and I guess there is a limiting point on what we can afford to spend. But it is really not about the $, it is about boating.