Fixer-upper is not a folly. 1. It is the only way for many people 2. It allows to trade your time for a huge discount which may be advantageous if you have re

Fixer-upper is not a folly. 1. It is the only way for many people 2. It allows to trade your time for a huge discount which may be advantageous if you have relatively low wage. 3. It creates healthier market making boats cheaper for everyone because now low end yacht makers compete with used boats and because as an owner you can sell used boat making it effectively cheaper to own. Now... it is a folly if you have no idea what you are buying. Some kinds of damage is going to be too costly to repair properly. It is best if you have already spent some time sailing before you buy one.