How wrong you are,
My mate is selling his junk for 1.6 mil, 11 years old and the debenture is NOT included.
DB junks have been selling at over 3.2 mil for 6 to 8 year old boats with a debenture.
maybe you should read my first sentence
Currently there is a shortage of berths in DB. What Junk builders have done is to snap up the berths and then sell them to you providing you buy their boat. Go and ask the bank what finance they offer on a Junk over 10 years old. There is a supply and demand issue going on here that has waaaaaaaaaaaaaaaaaaaaaaaaaaay distorted the value of a plywood box that won't last 5 minutes in open water.
Maybe that supply and demand issue will remain as it is, I don't know, but historically Junks have been precisely that when it comes to return on investment in comparison to a house of the same value.
And goody good good for your mates who are making money on junks. I've been offered 12-14 yr old boats for free. I'm still waiting for old residential property in hong Kong to do the same
