Think most boats are no wood these days.
This post is an arguement that could go on for years and has been discussed many times.
All points are valid and it's hard to comment on a boat that others can't see.
I also suppose that each boat has its place.
Over here in the uk...bayliners and similar did and do really well because of their low price and modern looks. They are fine for certain applications like inland. Lakes and lochs. Not sure I'd go to sea in one, although many do. Added to this. It depends on the environment they are used in. Bayliners and similar don't tend to stand the test of time in harsh weather and salt water. That said, if they are treated right, hey can.
My boat yard is full of 18-20ft boats of all makers. It is easy to see the difference in quality and even gel coat on the hull. All the early 2000's and 1990's maxums, bayliners, glastrons and similar haven't faired well and look weathered with their gel coats faded.
The one campion, cobalt, chap and rinkers (to a lesser extent) have faires better.
The maxums in particular are terrible for fading...I can't imagine how bad they would be in a sunny climate and near the salt.
Each boat has its place, no doubt...and the main thing is to get out on the water...should it be a zodiac rubber dinghy or a Princess or sunseeker flybrigde.
My main point is that for 20k....I wouldn't be buying a glastron or similar. You could get a cracker of a higher quality boat for that.
If I stayed over there, I'd be after a Baja islander or a campion Chase. I also wouldn't be going for an outboard. Small block V8 MPI all the way !