…Then compare it to other activities the cost of which we’ll grossly over-inflate to convince you to buy a boat – the cost of which we’ll grossly understate – that’s 99% likely to lose you ridiculous amounts of money! Granted, having a boat (especially a sweet yacht) is likely to get even the most pathetic guys some attention from the ladies, but a Ferrari is likely cheaper, holds its value better, and costs less to maintain/use.
This is what industry lobbying (like the NAR or NRF or any of the others) gets you:
Of course, the tool on that website only allows you to consider those activities versus buying a boat up to $100,000, even though they assume owning a second home costs $27,000/year, because that’s almost comparable (or nowhere freaking close!).
People, the lesson of this is: When people try to sell you things, they’re trying to get paid, and more often than not, they’ll say some pretty inaccurate things to get that cash money. Do not take their word for it. DO.NOT. (Unless you want to get taken advantage of, then by all means, go buy a boat/house/car/etc without running the numbers.)