I just bought a sailboat in Feb. I had been looking for a long time and because of my budget...well under a 100k, i found a lot of ferro boats in internet searches from 40-60ft. In terms of ferro, I was curious, as i had read a book early on about 2 guys who sailed a 35' ferro boat to tahiti from British Columbia.
for me, resale value was of little importance, this endeavor was not an investment...rather a complete attitudal, philisophical shift...time to change the way i live.
I did a lot of research and bought a GREAT book by a guy who knows what he is talking about named Collin Brookes. I was pretty sure that i'd become a ferro boat owner and was just fine with that. If you look hard you will find some real nice, well equipped cruiseable ferro boats that are relativley inexpensive. There was one i was drooling over for an awful long time...but it sold before i made a move. As things go, i found a fiberglass boat i fell in love with...a 1979 46' formosa...which to many GRP snobs is also an 'undesireable' boat...just do your research. find out who put it together & from which design they used (some designs don't translate to ferro). in fact your one stop site on the web is www.ferroboats.com