Wood of course, it seems to require lots of varnish, lots of fuel (twin 427's) and also lots of pumping. I remember sitting on the dock being amazed at how often his bilge pumps came on.
An interesting side note is that our travel lift does not have the capacity to haul his boat out so he has to haul and store and a ship repair facility.
On the other hand, if you're retired........what else do you have to do? Sand, varnish, sip a cold beer......