A Steal, Peterson 44 for $30K!

[bstreep]

I have no interest in this boat - just happened to stumble on it. It's in the caribbean, it's been gutted below, so a REAL project. Just go to YW and search for it.

[hellosailor]

Sounds like it burned and sank and "steal" only applies to the folk who get their money taken while buying the bargain.

What makes you think this hulk in an expensive location is an kind of bargain?

[bstreep]

Actually, I'd guess that it just plain sank. What interior was left appears to be water damaged.

Yes, this boat SEEMS like it could be one of those that if someone gave it to you, you might end up, upside down.

[David M]

Chances are pretty high that the most economical thing would be for the owner to have it chain sawed and placed in a dumpster, unless he can find a buyer. Apparently this is what he is trying first.

http://www.yachtworld.com/boats/1980...ua-%26-Barbuda

[George Wade]

It would cost less to buy a reasonably good used boat that only requires the 'usual rebuilding & maintenance'. Remember: we're in a depression but it still costs a lot to rebuild with new wood and fibreglass. And electronics...

But thanks for the thought. The economics might be different in 3 ~ 5 years time ?