Why is this boat so inexpensive?

I’ll guess it’s not vacuum bagged, resin infused epoxy lay up with billet aluminum fittings, no graphite and diamond stitched seats, no Livorsi monster gauges, no 17” Garmin screens, no 23 shades of show stopping paint, no racing engines, no 40,000 watt Bluetooth stereo with subwoofers and 28 speakers and probably no trailer.

In short, it’s probably built the same way Cigarettes, Scarabs and Apaches were built all those years ago when they used to race each other offshore. With a few improvements along the way, a bit more care with fiberglass work, sealing up holes and gaps, would it be possible to build a simple offshore boat, given a good hull design/mold, and not break the bank?

Just my stoopid guess. 🙂
RR

Pangas are work boats. The guys in the photo are loading concrete blocks they'll haul to a coastal building site.