[C38] Sell boat or spend for improvements

[Joseph Launie]

Mark,
     Go for the 1984. That 38 sounds like a hole in the ocean for money. 
a boat that neglected probably needs new sailing, rigging etc. The list 
does go on. That sounds like one of the old long Beach Yacht Club  
Congressional Cup Boats, they were ridden hard and put away wet. Joe 
Launie/Macavity

On 11/16/2011 4:03 PM, Mark Lewis wrote:
>
> OK, the rookie is also a rabble-rouser (sp?).  I suspect I purchased 
> the lowest priced Catalina 38 ever.   Less than $15k.  1978, tiller, 
> nothing worked on the boat when I bought it.  Water leaks fouled 
> electrical panel and half of the toggels were rusted.  Battery charger 
> installed in hanging locker, shore power connection didn't work, so an 
> extension cord was run through the head hatch to keep batteries topped 
> off.  Engine (Westerbeke 33) needed $1800 worth of work to get 
> waterpump and impellor going for sea trial (seller wanted me to pay 
> half; I passed as I made my offer assuming the engine ran).  Project 
> boat…u get the pic?
>
> Longer story shorter; I am proud owner of hull #6.  Here is my $10,000 
> question:  My punch list of improvements (half for wheel steering and 
> dodger) is $10k. I budgeted $3k for Edson parts for wheel, but may buy 
> used for $500.  $10k could be $7.5k.  Sailed my boat to Catalina 
> Island (25 miles off shore) twice, and I love it!  U may have seen my 
> earlier punch list.  Half of my 24 repairs could be made for $600 
> total, but lots of self-labor love.
>
> My selling broker (Long Beach Yacht Sales) has a 1984 Jeanneau 37 
> (mine is hull #6, 1978) that is a bank repo reduced to $26K.  Has 
> wheel, dodger, windlass, Perkins deisel, etc… Have reason to believe I 
> could buy for less (has accepted offer for less). Still needs lots of 
> brightwork, but more labor than material.  Bottom line:  if I sold my 
> 38 for what I paid (it now runs and most things work), and added $10k, 
> I could likely buy newer boat without labor and aggrevation to improve 
> Cat38.  If not this boat, other FSBO's could be available.  Advice?  
> Heresy? Would promise to be like Tom T…  alumni with mounting experience!
>
> *From:*listserve-bounces at catalina38.org 
> [mailto:listserve-bounces at catalina38.org] *On Behalf Of 
> *1derful at comcast.net
> *Sent:* Friday, November 11, 2011 2:54 PM
> *To:* listserve at catalina38.org
> *Subject:* [C38] Quadrant
>
> I believe someone recently posted a note that they knew where to find 
> one.  Remember
>
> Patrick
>
>
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