My recollection is that ALL my boats have been previously owned. First was a 19' Lightning, built '55, bought '69. Wood hull and spars by Finkelday in Essex CT - took several first place trophies with it, beating fiberglass boats. Then, Admiral wanted a boat to go overnight - bought a Morgan24. Built '67, bought '75. My two kids grew up in that boat, doing both racing and cruising. Cruising was interesting with two kids - seems everything you wanted to do, you had to move something. Boat had sail mode, cook mode, and sleep mode - storage of bags was different for each. Lost (hit by another boat) in Gloria '85. Current boat (Tartan 30) is 1973 vintage, bought in '88. Curiously, I know the original owner, but not the guy that sold it to me..