: Ferrocement is not without merits, even if public appreciation is low. The
: link below shows the relaunching with a new owner of my former boat, a 36
: ft ketch, amateur built 30 years ago by myself and a friend in two years
: on a shoestring budget. No problems and minimal upkeep (except for some
: substandard woodwork due to inexperience) and in very good condition. Sold
: five years ago for approx double the materials cost (a little more than
: Bill suggests, but still with hourly wages I do not wish to elaborate on).

Boats depreciate in value over time. If it was 25 to 30 years old when it was sold its value would certainly have declined. For it to sell at twice the materials costs means that it was worth quite a bit at one time, and slowly lost value. Add in the value of owning and using that boat over 30 years and your investment in time and labor will not seem so low.

PGJ