"A boat is a hole in the water you pour money into."
We have six kids on a single income, so luxury purchases have never been on the table. No desire to own a boat, RV, ATV, etc. A vacation property is the only thing that interests me, but we need to buy our first house before thinking of a second. My brother-in-law has a cabin about 1.5 hours away up in the mountains and it was nice for a weekend when we used it. But not nice enough to want to spend $100k + multiple weekends doing repairs or getting it ready for winter and thousands of dollars of annual maintenance, etc. He's got a paid off house and good income so he can certainly afford it.
My dad had a sailboat when we were growing up that he had partially built himself. We'd go out on it maybe 5-8 times a year, usually just for the day. He finally sold it 10-15 years ago so he could put the money towards a pair of classic cars he had - including the first car he bought back in the 1960s. I have some memories of the sailboat but never enjoyed it that much. The cars are probably worth $100k between the pair but he can still drive them even though he's getting older. They still have a fair amount of upkeep and even an oil change on a car like that ends up costing hundreds of dollars since he has to have a mechanic do it since he's not physically able to anymore.
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