T&T: Abandoned boats

[Pascal Gademer]

typical general media inacurate article... all of the abandonned boats that 
i see around here (and there are quite a few) are old derelicts which have 
not been insured or registered in years...  these are not owners that are 
upside down on a loan, or "luxury" items, they are $500 boats bought or 
obtained by folks woudl coulnd't even afford to replace a battery...

pascal
miami,fl

----- Original Message ----- 
From: "Lawrence Zeitlin" <lrzeitlin at aol.com>
To: <trawlers-and-trawlering at lists.samurai.com>
Cc: "Lawrence Zeitlin" <lrzeitlin at aol.com>
Sent: Wednesday, April 01, 2009 3:47 PM
Subject: Re: T&T: Abandoned boats


> The New York Times published an article on April 1 about abandoned  boats.
>
> http://www.nytimes.com/2009/04/01/business/01boats.html? _r=1&ref=business
>
> Apparently many owners who are "under water", i.e. have boat loans  that 
> are greater than the boat's value, are simply beaching or  sinking their 
> boats and swimming away. Identification marks and names  are filed or 
> sanded off so the boats can't be traced. These are nor  derelicts. Many 
> are surprisingly new or, if older, are still  functional. State 
> authorities that recover the boats scrap them or  auction them off at very 
> low prices. It might be an opportunity for  would be boaters with a few 
> coins jingling in their pocket to pick up  a bargain. The problem is worst 
> in the south east and in the north  west. As the article said, "Boats are 
> luxury items and today few  people can afford the luxury."
>
> Larry Z
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