Saturday, December 06, 2008

The Porthole Loophole


My Dad is shopping for his 'dream boat'. The shitty SoFlo economy has created an interesting supply/demand situation with luxury boats. Large supply, little demand. Nevertheless, savvy buyers are picking up bargain boats. And some know about the porthole loophole tax write-off for claiming the boat as a second 'residence'. My Dad has had boats in the past. But not his dream boat. He wants a 40'+ foot sailboat. So I'm going boat shopping with him tomorrow to spend a little father / daughter time together. And give him my advice on the boats he's interested in.

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