Wood doesn't really cost more than f-glass if you stay on it (as others have said).
I do a bit every week (1-2 hours) and she is fine ... and has been for over three years now.
Keep her painted/varnished and she'll be just like a f-glass boat 99.9% of the time.
A lot of folks in my marina tell me they spend next to nothing each year on maintenance and that they LOVE f-glass.
One look at their boats, and DUHHHHHHHHHHHH, it LOOKS like they spend NO money- chalky, dull, dirty, etc.
Too many people think f-glass is their ticket to boating bliss- they buy one, use it for five or six years without doing a damned thing to it- then guess what? They have the same problem as WOODEN boat after 5-6 years sitting in the water:
-Need to be repainted/varnished
-Need a bottom job- blisters everywhere, which incidently are much more serious than a soft spot on wood if let go.
-Their window seals leak just like a wooden boat, etc.
The guy two slips down from me just hauled is boat for the first time in SIX YEARS! (a 34 Carver Santego).
By the time he had it blistered and re-sealed, epoxied, painted, waxed and buffed, etc. he spent $10,000.
Guess what: That's less than I spend in a six year period for bottom paint, cleaning, repairing a soft spot, etc.
Now, unlike others, I do NOT think that f-glass boats are evil by nature (I have two fiberglass vessels), there are just different dynamics at play.
If you do not want to become part of your boat and just want a toy- go f-glass. It will be easier most of the time. If want to get into the boating experience, go wood.
The beauty, and attention-drawing qualities of a nice wooden cruiser are priceless.
A nice wooden boat: $20,000
Annual maintenance: $2,500
Knowing that every f-glass boat owner is secretly envious of you: Priceless
Nothing else matters but how I raise my children ... and their opinion of me, as a father.