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Old 08-05-2012, 06:50   #31
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Re: Near-term Yachting financial forcast... Used boats.

BOATMAN IS 100% Right.
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Old 08-05-2012, 06:56   #32
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Re: Near-term Yachting financial forcast... Used boats.

People that analyze, negotiate with themselves, and wait for the "best deal" in the "best environment" will never fulfill their dreams.

But, they will be able to brag about their deal-making abilities as they sail the boat that was NOT in their dreams.

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Old 08-05-2012, 08:00   #33
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Re: Near-term Yachting financial forcast... Used boats.

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Yes it is. And Hollande, the socialist, just won the presidency in France. That leaves only Germany with a leader who is strongly advocating fiscal responsibility. What does that mean for the EU in general and the euro in particular? Anyone's guess, but my money says that some dramatic changes can be expected.
More alarming than that is Spain gave 2 seats up to the Neo Nazi party. Now that's scary
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Old 08-05-2012, 08:54   #34
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What's a year of your life worth? Or in your example, 3 years? I say, if you're ready to buy the boat, do it now, you will never get those boat-less years back.
Hey Tabbycat... nice meeting you this morning... no way is my 5hp Tohatsu racing your 18hp one.... lol
Nice to meet another 'dinghy surfer'...
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Old 08-05-2012, 10:17   #35
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Re: Near-term Yachting financial forcast... Used boats.

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Yes it is. And Hollande, the socialist, just won the presidency in France. That leaves only Germany with a leader who is strongly advocating fiscal responsibility. What does that mean for the EU in general and the euro in particular? Anyone's guess, but my money says that some dramatic changes can be expected.
Hollande is back pedaling already; Merkel told him the EU agreement on the debt crisis is not up for re-negotiation.

He understood.

Now Greece is a totally other issue.
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Old 08-05-2012, 15:03   #36
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Hollande is back pedaling already; Merkel told him the EU agreement on the debt crisis is not up for re-negotiation.

He understood.

Now Greece is a totally other issue.
All smoke and mirrors. The Treaty is to convince Germans its ok to turn on the euro printing presses.
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Old 08-05-2012, 15:59   #37
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Re: Near-term Yachting financial forcast... Used boats.

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All smoke and mirrors. The Treaty is to convince Germans its ok to turn on the euro printing presses.
I doubt that will happen; too many Germans remember stories of the hyperinflation after WWI.

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Old 09-05-2012, 08:10   #38
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Re: Near-term Yachting financial forcast... Used boats.

I've always enjoyed the "hunt" for a new boat, but at the same time I've never looked back and said what if. I'm sure if I had held out and waited longer I could have gotten better deals ... maybe, but I always got a deal I could live with. Once I had the boat and the sailing began I forgot all about the deal because I had the boat I wanted at a price I was willing and able to pay. And I've haven't run across many boat owners with "buyer's remorse". Most are too busy enjoying the boat.

Besides, the DREAM is not to get a boat at the absolute very best price possible, it's to got sailing.
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Old 09-05-2012, 08:54   #39
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Re: Near-term Yachting financial forcast... Used boats.

+1 to Boatman

The implication is that the retiree plan in the OP to sell everything, buy a boat, sail for a while and sell the boat to move back on land is a high risk model. If the economic uncertainty doesn't create enough downward pressure on boat value, add demographic trends and the lifespan of GRP boats. Aging boomers, at least in the US, aren't being replaced by the same number of people who want to buy cruising boats. As the boomers age out and decide to sell, there aren't going to be as many buyers even in a decent economy. If we take care of them, our boats last for a very long time. If someone can get a well maintained 40' boat from the '80's (just sayin' (and she ain't for sale)), why pay 4X for a barely used boat?

For us, that means that if we sell our home to sail, we'll put the dollars somewhere that has a prospect of being there when we're too old to hoist the main. The dollars in the boat won't need to be liquified to move ashore. Or, if they do, mebbe it will be time to sail away and not worry about the return trip.
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Old 10-05-2012, 09:19   #40
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Re: Near-term Yachting financial forcast... Used boats.

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...Aging boomers, at least in the US, aren't being replaced by the same number of people who want to buy cruising boats. As the boomers age out and decide to sell, there aren't going to be as many buyers even in a decent economy. ....
We're seeing this happening already. How many 20 -30 somethings own a boat in your marina today? As you pointed out, these are the future owners of our boats and there simply aren't enough of them.

However, here in Florida there is a new class of boat owners. For want of a better word, I'm going to call them 'boat people'. These people were foreclosed on, or have lost their job and managed to locate a rotting hulk they could move on to in lieu of paying apartment rent. Their boats have non working engines and if they are sail boats, have no sails.

I guess it's a sign of the times we live in. Who would have thought this could ever happen in America?
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Old 10-05-2012, 11:23   #41
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Re: Near-term Yachting financial forcast... Used boats.

"We're seeing this happening already. How many 20 -30 somethings own a boat in your marina today? As you pointed out, these are the future owners of our boats and there simply aren't enough of them."
"Lower SSCA member ship, etc"
Yep, we have been fortunate enough to live in a wonderful bubble of prosperity since WWII. My guess is that the near depression of 2008 is an adjustment starting a more rapid decline of properity here in the US. Heck, look at how much of the world lives, small cheap apartments or tin shacks. "...own a yacht? You're kidding!...." Add to that ...that fiberglass lasts too long.... and there are going to be boat hulks everywhere. At least in the old days the wooden boats would sit on the shore and rot....
As things decline the nazis and other wierdos will gain traction. It's a perfect breeding ground for radical Islam too.... which is the fastest growing religion out there... It's only a matter of time before we start seeing the suicide bombers here in the US instead of on the news... and they will likely be US citizens...

Wow.... I'm depressing today! sorry....
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Old 10-05-2012, 17:20   #42
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Re: Near-term Yachting financial forcast... Used boats.

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We're seeing this happening already. How many 20 -30 somethings own a boat in your marina today? As you pointed out, these are the future owners of our boats and there simply aren't enough of them.

However, here in Florida there is a new class of boat owners. For want of a better word, I'm going to call them 'boat people'. These people were foreclosed on, or have lost their job and managed to locate a rotting hulk they could move on to in lieu of paying apartment rent. Their boats have non working engines and if they are sail boats, have no sails.

I guess it's a sign of the times we live in. Who would have thought this could ever happen in America?
Lots of good stuff posted here.

I would add that several places in Florida are (or already have) passing/passed laws or rules prohibiting anchoring boats in traditional areas. While some of these new rules have reasonable basis there are some other reasons.

Not only are there craft in ill repair used by "boat people" there are lots of boats simply abandoned. They are not only unsightly, they are a hazard to navigation.

The times they are a changing.
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Old 10-05-2012, 17:54   #43
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Re: Near-term Yachting financial forcast... Used boats.

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"We're seeing this happening already. How many 20 -30 somethings own a boat in your marina today? As you pointed out, these are the future owners of our boats and there simply aren't enough of them."
"Lower SSCA member ship, etc"
Yep, we have been fortunate enough to live in a wonderful bubble of prosperity since WWII. My guess is that the near depression of 2008 is an adjustment starting a more rapid decline of properity here in the US. Heck, look at how much of the world lives, small cheap apartments or tin shacks. "...own a yacht? You're kidding!...." Add to that ...that fiberglass lasts too long.... and there are going to be boat hulks everywhere. At least in the old days the wooden boats would sit on the shore and rot....
As things decline the nazis and other wierdos will gain traction. It's a perfect breeding ground for radical Islam too.... which is the fastest growing religion out there... It's only a matter of time before we start seeing the suicide bombers here in the US instead of on the news... and they will likely be US citizens...

Wow.... I'm depressing today! sorry....
You make some points here that I agree with, Cheechako; none more so than the one about being depressing today. You depressed the hell out of me.
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Old 10-05-2012, 17:56   #44
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Re: Near-term Yachting financial forcast... Used boats.

Yeah... sorry... but not to worry, my stock market predictions are usually 180 degrees off!
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Old 10-05-2012, 18:06   #45
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Re: Near-term Yachting financial forcast... Used boats.

Great! That is fantastic news. Feel better already!
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