Stormjib:

You are absolutely correct, except for one detail: this is a pleasure and a lifestyle that is second to none (i know, I have owned 3 charter boats). You cannot equate this to investing or home ownership. I am struck by the fact that nowadays, 95% of boat buyers I meet or advise or transact with, think about the financial aspects first. What about sailing and pride/pleasure of ownership?? What about the dream??

Again, it is a pleasure, and all pleasures have a price. If not there would be no luxury cars (think they make sense?), 1st class traveling, luxury clothing etc... You get the idea. Each one of us puts a different price on our pleasure, granted, but the rewards, when the whole process is done correctly, are absolutely beautiful.