ill Hapgood’s of- fice is, ap- propriately enough, carpeted with a steely shade of blue. It’s the color of the ocean on an overcast day — a blue that Hapgood knows very well. Eleven years ago, the realtor sold his house and all other assets so that he, his wife, Pat, and his daughters, Julie and Jennifer, could live aboard a 29-foot boat, Melissa, while travelling through the Caribbean, Europe, and Panama. “Page M22° August 29, 1990." “This Week Long-distance sailing is best in a small boat —. The thought of cramming four people into an area as large as the storage shed in many North American yards might not appeal to everyone. But the Hap- goods, who built their first boat from a kit and then raced so they'd know how to sail, didn’t suffer from claustrophobia. “If youre going to live on a boat, it doesn’t really matter whether it’s a 50 foot or a 29 foot,” Hapgood says now. “Hither - way, you don’t have privacy. In terms of size, the only real dif- ference is that you have to twice as far to get to bathroom.” BOAT BUILDING and RESTORING : NAVIGATING THOUSANDS OF MILES was done the old-fashioned way — with a compass __