Editorial April 2009 Issue

Measuring the Depth of a Passion

If you had the prescience to sell your home for a tidy profit and stuff your life savings into your mattress before Wall Street began to crumble last year, then you might well be looking for a better boat. It is, undoubtedly, a good time to be shopping, and an even better time to go cruising. There doesn’t seem much sense in sticking around, fighting for scraps on the job market, or pumping your cash into a volatile market when you could be stretching those now mildly fortified greenbacks in some tropical port. The used-boat market is particularly enticing these days. For a fair indication of just how sharply prices have fallen on some classic cruising boats, you need only to look at the online listings for the nine boats profiled in this month’s cover story ("Bargain Voyagers," page 8). When we began researching this story more than a year ago, we set a target price range of under $75,000. This was the going list price for some of the better boats featured in this story. When we recently carried out another price survey on these boats, the upper end on many fell closer to the $60,000 mark.

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