I like stuff but I like good stuff. Over the years I have learned that my $$ go a lot further buying really well made stuff that needs repair and fixing it rather than paying more for something that isn't well made. I like to buy it once, fix it once and enjoy it for life. Before I got the tractor disease I had (still have) a boat disease and have had experiences quite similar to what we have all experienced with tractors. I have have purchased boats for next to nothing because they are "old" while many of my friends go out and drop $40 grand or more for something off the dealer lot. I just finished putting together a boat I purchased for -$500 (paid $500 and sold the trailer for $1000) put in a good new (used) engine for $300 and spent $1,500 on new upholstery so I have a rock solid boat for $1300 that would sell for over $40,000 new and is far better built than most boats on the market today. A neighbor of mine purchased a brand new boat 3 years ago for around $50,000 and already has over $1,000 in non warranty repairs--and only about 10 hrs on the meter. I have a 1987 F250 diesel that a friend gave me because it was hard to start and looked old. I spent about $50 replacing a few glow plugs and $150 for a new exhaust system and now it starts instantly and runs like a top--only 130,000 miles.
In today's economic climate and with constantly increasing taxes in our future this approach makes more sense than ever since they haven't figured out how to tax your sweat equity--yet.
In today's economic climate and with constantly increasing taxes in our future this approach makes more sense than ever since they haven't figured out how to tax your sweat equity--yet.