Archive for November 13th, 2008
Sunk Costs: Literally
Thursday, November 13th, 2008When the cost of maintaining a boat exceeds it’s value, owners abandon them. From MSNBC.com:
Unlike cars, wooden and fiberglass boats have virtually no scrap value. So rather than pay the high cost of hauling their boats to the dump, people ditch them or sell them for as little as $1 to anyone […]