I think a better term in this case would be sunk cost not investment.
Boats are more of a hobby than an investment. Unless you cruise a lot and live on the boat. Then it becomes a lifestyle. Still usually not a good investment. Of course there are exceptions. Classic in demand and improved boats, like your Westsail, might command a higher price. Then again there are labor hours............
Anyway, in McQue's case I think his hobby is to work on the boat with no definite end in sight. Different strokes for different folks. I know in my case i would sink the boat and write off the cost. But that is only me. I'm not McQue.
TRUE GRIT
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