Never was money on a marine surveyor better spent.
Not a mariner, but it looks like he got a 20 year old boat that was either beat to death or somehow compromised (sunk?) and got about halfway through a low rent rehab before deciding he had way too much of a project on his hands. I would imagine there at least another 100K you need to sink into that boat before you float it.
Glad to hear someone say that.
I no longer own a boat. I do have a couple of dollars in my pocket. Coincidence?
My hole in the water <giggle> is a sunfish ['72 newstyle, maroon and white] that lives in my barn and can be transported to water when it gets used. Perfect trainer for kids. Had it since it was given to me in 72 =)
I can and have sailed in stuff ranging from sunfish to crewing on a 40 meter seriously expensive hole in the water 30s John Alden sailboat. I spent summers crewing my grandfathers John Alden that was half that size. I prefer sail to power, given a choice. I would kill to get the old sailing dingy back that we also mucked around with when growing up.
Ever hear of the NWBBS? They can made you a wooden dink. It will cost an army and a leg, but gosh they make pretty boats!
BOAT = Break Out Another Thousand.
Back in the early 70’s a friend and I were working on Thursday Island. The pearling industry was not quite dead and we had ideas of buying an old lugger and living on the Great Barrier Reef. Of course it never happened, but it is nice to dream about still.
That’s not a boat, it doesn’t have a mast. That’s just a floating mobile home.
ducks
No, BOAT = Buoyancy Operated Aquatic Transport
The ad copy says he’s a yacht remodel contractor. He wants to sell it and then do the finish remodel for you. Sounds a little fishy, but not overtly so. I wonder if we could get a company name and look up some previous jobs he’s done?
No, this is a floating mobile home…
Though if one was looking to host lots of people for a party weekend, this might be an option. You could rig the top of it up as a steel beach. BBQ setup, maybe a tiki bar, some festive decorations and you are good to go. [especially if it is self propelled, or you have a tug 
]
Years ago, we responded to an ad for a boat: “Rough but ready to sail.” We’re not averse to work - most of our boats over the years have needed some serious elbow grease, but if the hull is sound and the engine is in good shape, most everything else is doable for us.
They were right about the rough part, but there’s no way by any stretch of the imagination that the boat was ready to float, let alone sail. It was a wooden hull, and you could see daylight between the planks. The deck flexed a lot when walked upon. Absolutely *nothing *about that boat was functional, and cosmetically, it was a joke. We wouldn’t have taken it if the owner gave it to us.
Some people have unrealistic expectations as to the value of their possessions…
Go big or stay home. Paul Allen’s yacht “Octopus” is how it’s done, mateys.