250k is an awful lot to spend per year to maintain it tho.
Why would it cost so much to maintain? Crikey
If you've ever tried to keep up with a wood boat, you'd know. CONSTANT maintenance on every part - constant wood refinishing, parts repair, hull work, rigging work....it's something you hire very good people to do, not pursue yourself.
Geez, $250K might be the entire annual beer budget of everyone on this forum!