| Could be more that boats are cheap in general...
As a generalisation it could be more that boats are cheap in general at the moment - there are a lot for sale and times are not good.
Fibreglass boats look and sail better than steel boats and a factory fitout is going to look way better than a custom job.
While $100k for a steelie may look cheap I have seen a similarly sized 10 yr old, top quality, immaculately maintained, fibreglass boat listed for $240k. That looked a seriously nice boat, probably cost more than $800k to replace these days.
I would sugest that your question might turn more on how well suited a steel boat might be to your plans and long term budget. If you could give us more information we could make better suggestions.
I do know that a minor mistake in docking Boracay with my wife is not a cause of marital disharmony.
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