Old glass boats with rotten wood buried in several layers of plywood with water logged foam are all too common. About half of the guys I know keep their boat outside year round, uncovered. Many have patches on top of patches and motors that barely run but they keep going.
All are broke old guys who retired years ago and most won't spend a nickle to do it right if cheap suffices for now.
When I lived in FL I had a neighbor there who owned a 1950's era half wood, half fiberglass 14ft boat. He would run out of Gov. cut in Miami every weekend, he'd go out late on Friday, and stay on the water till he caught fish, sometimes staying out in that tiny boat for three days sleeping under the bow deck adrift in the ocean. A few times he drifted too far, one time he drifted into a storm and nearly sunk the boat. He did it till he was in his early 80's. He gave the boat away after he fell overboard trying to rinse his hands of cut bait and almost didn't get back in the boat. The boat had a mid 50's Johnson 15hp on it that was missing its cover for years. He'd also take a bottle of Jim Beam with him as well, he said it helped him sleep and not worry about the boat sinking while he slept out there.
He would go out there, with no radio, no phone, no tools, and no registration on the boat, He said he had paid enough for the boat back when it was new and he's not paying any more for it. As far as I know he never got stopped or asked for papers and never got any tickets.
I knew a guy like that years ago in NJ, he ran an old trihull, he and a buddy would run that thing miles off shore, often going out for several days at at time just sleeping in the open boat, under a tarp if it rained. They had a frame for a Bimini top but no top, they just carried a blue tarp and duct tape.
One of them finally died, well into his 70's, but the other one kept fishing. Then one weekend he didn't return, his wife had called and asked if anyone had seen him. Apparently he went out on Friday night, alone, in May. She said he filled up the boat, (he had mounted two 40 gallon tanks in boxes above deck under the two back to back seats), and he would carry four full 6 gallon tanks just in case. He was 81 at the time. It was Sunday night when his wife started calling around. She called the coast guard on Monday to report him missing but she had no idea where he fished or where he went.
After no one saw him by Tues morning, a few of us went with another buddy who had a mini speed boat that he ran offshore from time to time, it could cover a lot of water fast. With 400 gallons of fuel on board and twin engines it could run at a decent speed for hours and still be able to make it back, plus the boat had a 150 gallon reserve tank just in case. We started out around 8am, got to the area where he normall fished and starting scanning using the radar. We searched till about 2am, then got a call that someone saw a small boat about 32 miles off shore about 40 miles south of us. We headed that way and after a bit of searching and scanning we found him, he was out of gas, still fishing, with a cooler full of beer and two bottles of Scotch. He couldn't figure out why we came looking for him, he had no idea how long he was out there, he had been eating fish he caught, drinking and he figured that sooner or later, even with no engine, he'd drift into land sooner or later. He said he was fine and didn't want a tow.
We didn't give him any choice and tied up his boat and got back to the dock. He had gone better than 100 miles in all. Leaving out of Cape May and heading north about 80 miles and off shore about 35 or so. He was drifting south about even with Ocean City, NJ when we found him, about 30 miles from land in a 15ft trihull with more sketchy patches and bad repairs than we could count. He wasn't worried because he had four batteries, a solar panel to charge the batteries, and 8 bilge pumps all wired separately. Including one 1500gph monster. He didn't think he was in trouble at all, he was perfectly content with just letting the current take him where it may. He had fish, and alcohol, he was happy.
We hauled the boat back to my buddies place, it sat there for two weeks, and over the time the transom gave way and the motor fell back, nearly completely off the boat. The boat had 9 layers of 3/4" plywood on the floor, each later added to fix the last one that rotted away. It had two 40 gallon tanks, and he had five 6 gallon tanks, all empty when we found him. His wife offered to pay us to loose the boat somewhere.
They moved away later that year, moving to a senior only development out of state but the boat sat there for years until my buddy finally pulled the motor off it and buried it somewhere. He lived for another 15 or so years from what I heard, but I think his wife pretty much put an end to his offshore fishing in small boats. I still have the motor, it does run great but he's lucky it and the boat didn't end up at the bottom of the Atlantic Ocean back then.