I bought a GB36 woodie for 30k, and it needed lots of work, mostly cosmetic and fixing leaks in the cabin.
But, it has fuel tanks replaced, new wiring throughout, new windlass, new fridge compressor, new propane stove and oven, decent electronics.
Starboard engine seized two weeks in, so that added 20k, and I’ve spent a fair amount on paint and hardware, new dink and outboard, cushions and such.
I sold everything I owned to liveaboard a boat, I don’t regret it one bit, I’ll be on this boat til the end of days, no matter what, it’s my home.
Not looking for a museum piece, just a functional boat, that does what I need, ie: cruise the PNW from Puget to Alaska just exploring and seeing if I can live off the sea and coast, foraging for my meals.
I knew going in I would need to work on the boat, I like working on it. Favorite time is going out on the bow with a cup a Joe in the early am watching the wildlife and sun rise.
Living on the water is a special way of life, and for sure not for everyone, but for me it’s hard to beat.