At the best of times, a boat is a depreciating asset. It is only an asset in that it generally has some residual value after depreciation.While going through the process of looking for my dream boat I have found myself trying to explain the purchase to my friends and family and realize almost everything I say to them sounds completely irrational. In particular it probably (she would never be confrontational like a western woman) sounds crazy to my long-distance filipina girlfriend, since you can buy a nice little two hectare farm on the oceanfront there in the province (translates roughly to middle of nowhere on a small island only accessible by bangka) for $10,000, complete with money producing coconut trees. It all started when I got on Yachtworld a few months ago to help a friend find a powerboat...
My best rationalization thus far has been "I don't feel comfortable with fiat currency right now with all the government spending, and need to put money into tangible assets. Land is overvalued, I couldn't even find an affordable winter home in Florida bigger than a trailer to spend the next cold winter." Injecting "fiat currency" into the discussion has been helpful to confuse most of those that might try to talk me out of it.
I'm just ventilating, since I know most people here share my mental illness. The best reason for buying a boat is always "f*$& it, I just want it." But it might settle my nerves if I hear a few craziness stories from other people.
It's a pretty standard right wing POV.Why are you worried about "fiat currency" so much. It's what all the world uses (unless there are countries still tied to shiny yellow metal)
Another mind reader. Why are you not worried about it ha? A little worrying can go a long way to keep a person from getting screwed. I can give you about 800 good reasons but it would then be in the political anarchy section. Fiat currency is not actually money, it is based on the population's belief in their government handling economic affairs in a responsible fashion. Gold is money.Why are you worried about "fiat currency" so much. It's what all the world uses (unless there are countries still tied to shiny yellow metal)
A boat is "money" too. Look it up. Such a strange person you are: Confusion regarding boats, money and filipinas. Why are you in Ohio flipping boats when you could be filpping your filipina in the filippines? That there is a logical conundrum.Another mind reader. Why are you not worried about it ha? A little worrying can go a long way to keep a person from getting screwed. I can give you about 800 good reasons but it would then be in the political anarchy section. Fiat currency is not actually money, it is based on the population's belief in their government handling economic affairs in a responsible fashion. Gold is money.
Logic (from Greek: λογική, logikḗ, 'possessed of reason, intellectual, dialectical, argumentative') is the systematic study of valid rules of inference, i.e. the relations that lead to the acceptance of one proposition (the conclusion) on the basis of a set of other propositions (premises). More broadly, logic is the analysis and appraisal of arguments.
Heh. I used to do "TCO" (total cost of ownership) analysis around technology investments. e.g., the cost of replacing a server in the datacenter isn't the cost of the server, it's the cost of the hardware, plus the software, plus the software maintenance, plus the implementation labor, plus the hardware maintenance, plus the labor to do updates and patches and performance tuning and configuration, plus, plus, plus, over the expected life of the thing, minus quantifiable benefits (labor savings, operational efficiencies, scaled capacity, reduced power costs, etc) during that period...Or we could compare it to having a child, or children.
Sure but you can sell your boat.Or we could compare it to having a child, or children. Are they expensive? Yes. Are they going to increase in value? Maybe, though not in a monetary sense, they'll put deep dents in your bank account. Are they difficult sometimes, and wonderful at other times? Yup. Will they take a lot of your time, and be unpleasant or difficult? Yeah.
So, why do we do it? Because we love them. And the rest of the disadvantages melt away when re realize that, and live it.