Cruisers Forum
 


Join CruisersForum Today

Reply
 
Thread Tools Rate Thread Display Modes
Old 30-06-2015, 07:53   #1
Registered User
 
Tscott8201's Avatar

Join Date: Nov 2012
Location: North Florida
Posts: 104
Greece's Loss Your Gain?

All the talk of the financial problems Greece is going through have me thinking. Will the financial crisis in Greece affect boat prices there to any significant extent? I wonder if the local economy goes tits up if there will be opportunities to sweep in with foreign cash and get a great deal on a boat?

Tom
__________________

__________________
Tscott8201 is offline   Reply With Quote
Old 30-06-2015, 08:40   #2
Registered User

Join Date: Jun 2015
Location: north wales uk
Boat: Ker 33 IRC
Posts: 70
Re: Greece's Loss Your Gain?

i don't think that there will be where boats are concerned but that there will definitely be savings to had in terms of yard work / hard standing / pontoon moorings and other local services.

most of the boats that are currently for sale moored up in greece are owned by foreigners that don't have to sell - they're selling to upgrade / downgrade their boats.

there might be some boats going cheap but not many. i forecast that greek property on the other hand will get cheaper - bit like southern spain did. in short the watersports community will not realise the same savings as the land lubbers in greek terms.

gunna be interesting when they start printing the drachma again next week though

Greece out / UK out and there is talk already of a Frexit which would be really good for us travelling Brits
__________________

__________________
ruby tuesday is offline   Reply With Quote
Old 30-06-2015, 10:04   #3
Registered User
 
SimonV's Avatar

Join Date: Aug 2007
Location: Brisbane, Australia.
Posts: 1,316
Re: Greece's Loss Your Gain?

This could mean no more schengen for Greece. That could be handy.
__________________
Simon

https://svgoodonya.blogspot.com.au/
SimonV is offline   Reply With Quote
Old 30-06-2015, 10:20   #4
Registered User

Join Date: Apr 2013
Posts: 4,883
Re: Greece's Loss Your Gain?

Only if they drag the rest of the EU down. Far too many of the boats are owned by other EU citizens.
__________________
valhalla360 is online now   Reply With Quote
Old 30-06-2015, 11:50   #5
Registered User
 
Tscott8201's Avatar

Join Date: Nov 2012
Location: North Florida
Posts: 104
Re: Greece's Loss Your Gain?

Quote:
Originally Posted by valhalla360 View Post
Only if they drag the rest of the EU down. Far too many of the boats are owned by other EU citizens.
Sadly, I think that is a distinct possibility at this point.

Tom
__________________
Tscott8201 is offline   Reply With Quote
Old 01-07-2015, 09:21   #6
Registered User

Join Date: Feb 2008
Location: GREEN COVE SPRINGS, Florida
Boat: Irwin 43 Mk111 CC, Sloop
Posts: 362
Send a message via Skype™ to adlib2
Re: Greece's Loss Your Gain?

Quote:
Originally Posted by Tscott8201 View Post
All the talk of the financial problems Greece is going through have me thinking. Will the financial crisis in Greece affect boat prices there to any significant extent? I wonder if the local economy goes tits up if there will be opportunities to sweep in with foreign cash and get a great deal on a boat?

Tom
No VAT to worry about; but then considering the situation probably introduce something much higher.
__________________
adlib2 is offline   Reply With Quote
Old 01-07-2015, 09:37   #7
Registered User
 
timbenner's Avatar

Join Date: Jan 2007
Location: Ponte Vedra Beach, FL
Boat: Lagoon 380, 38', I Dream of Jeanne
Posts: 313
Images: 7
Re: Greece's Loss Your Gain?

There should be some Greeks looking to sell their boats for cash. The news here said that they can only take $57 per day out of the banks.

This brings up a good point. Half of the reason I keep my boat, is to have an exit strategy for a little wealth (value of the boat) out of my Country, when the financial meltdown hits here. Add some gold coins and I can go start over in a Country that's not broke.
__________________
timbenner is offline   Reply With Quote
Old 01-07-2015, 09:47   #8
Registered User

Join Date: Jun 2015
Posts: 41
Re: Greece's Loss Your Gain?

It would be a tough one since the banks are closed... and it will be chaos when they open again.
__________________
GreenIssue is offline   Reply With Quote
Old 01-07-2015, 09:47   #9
Senior Cruiser
 
atoll's Avatar

Cruisers Forum Supporter

Join Date: Mar 2010
Location: gettin naughty on the beach in cornwall
Boat: 63 custom alloy sloop,macwester26,prout snowgoose 37 elite catamaran!
Posts: 9,312
Images: 75
Re: Greece's Loss Your Gain?

after the riots,prices will sky rocket on all imported goods,untill the blackmarket currency exchange is established,making it cheap for anybody with hard currency.

unfortunately only locally produced food and drink will be on the menu,so you better like feta salad and retsina,with octopus the only seafood available!
__________________
my catamaran building project updates http://www.cruisersforum.com/forums/...36#post2502136
atoll is online now   Reply With Quote
Old 01-07-2015, 09:55   #10
Registered User
 
S/V Alchemy's Avatar

Join Date: May 2008
Location: Toronto
Boat: Custom 41' Steel Pilothouse Cutter
Posts: 4,576
Re: Greece's Loss Your Gain?

One must consider that the Grexit will complicate money transfers, even down to the level of making change. Another consideration is that the desperation of the situation may make Greece more dangerous for foreigners (particularly if they might be German, or resemble Germans) from a mugging and theft point of view.

It doesn't preclude cruising there, but I would have to consider it South Africa on the Med in that reputation and fences would suggest the best places to visit, as social breakdown might prevail beyond fences and security guards.
__________________
Can't sleep? Read www.alchemy2009.blogspot.com for fast relief. Can't read? Avoid www.volumesofsalt.blogspot.com, because it's just personal reviews of sea books.
S/V Alchemy is offline   Reply With Quote
Old 01-07-2015, 10:02   #11
Registered User
 
hoppy's Avatar

Join Date: Sep 2009
Location: Melbourne, Australia
Boat: Jeanneau Sun Odyssey 40
Posts: 2,842
Re: Greece's Loss Your Gain?

Quote:
Originally Posted by SimonV View Post
This could mean no more schengen for Greece. That could be handy.
That's never going to happen.

The only way Greece would be leaving schengen would be if they left the EU and that would only happen if Putin shows up with a lot of cash (which he can't really afford) and there is a bloody civil war
__________________
S/Y Jessabbé http://www.jessabbe.com/
hoppy is offline   Reply With Quote
Old 01-07-2015, 11:17   #12
Registered User

Join Date: Dec 2014
Location: Wicklow, Ireland
Boat: Ruffian 23
Posts: 4
Re: Greece's Loss Your Gain?

If Greece goes bust and the Brits exit, we will finally realise that Germany have been behind this break-up. Irresponsible lending by German banks, pension funds and the like led to the troubles in Ireland, Greece, Italy, Portugal and Spain. Yet their muscle has ensured that their banks are defended and protected at the expense of the ordinary people in the streets. Yet, the lenders are only now having it put up to them by the stubborn Greeks. I only wish the Irish Government had stood up to irresponsible lending and let the banks sort it out amongst themselves. There should have been blood on the streets, Bankers blood and the politicians who allowed them to play the electorate like they did.
__________________
mcgranec is offline   Reply With Quote
Old 01-07-2015, 11:21   #13
Registered User

Join Date: Jul 2012
Location: Switzerland
Boat: So many boats to choose from. Would prefer something that is not an AWB, and that is beachable...
Posts: 1,242
Re: Greece's Loss Your Gain?

Quote:
Originally Posted by SimonV View Post
This could mean no more schengen for Greece. That could be handy.

Not necessarily. Firstly it's not a given that Greece would leave the EU. Secondly even as a non EU country it still might remain a member of the Schengen treaty. Given the importance of tourism this is very likely.


Sent from my iPad using Cruisers Sailing Forum
__________________
K_V_B is offline   Reply With Quote
Old 01-07-2015, 11:43   #14
Registered User

Join Date: Sep 2014
Posts: 112
Re: Greece's Loss Your Gain?

I'm guessing that you are not ashamed to be a vulture. Me either since financial ruin is pretty much of their own making. Puerto Rico is closer, Tom, and is in a similar situation.
__________________
AlwaysFORSAIL is offline   Reply With Quote
Old 01-07-2015, 11:46   #15
Registered User
 
hoppy's Avatar

Join Date: Sep 2009
Location: Melbourne, Australia
Boat: Jeanneau Sun Odyssey 40
Posts: 2,842
Re: Greece's Loss Your Gain?

Quote:
Originally Posted by mcgranec View Post
If Greece goes bust and the Brits exit, we will finally realise that Germany have been behind this break-up. Irresponsible lending by German banks, pension funds and the like led to the troubles in Ireland, Greece, Italy, Portugal and Spain. Yet their muscle has ensured that their banks are defended and protected at the expense of the ordinary people in the streets. Yet, the lenders are only now having it put up to them by the stubborn Greeks. I only wish the Irish Government had stood up to irresponsible lending and let the banks sort it out amongst themselves. There should have been blood on the streets, Bankers blood and the politicians who allowed them to play the electorate like they did.
If you take out a massive home loan that you can afford at 2% interest but will suffer if it increases to 3%, or if you remortgage your home to buy a fancy yacht/car that you can barely afford, then you are an idiot.

People also have to take responsibility to borrow what they can afford, not what they can get. The bankers were idiots and so were the borrowing public
__________________

__________________
S/Y Jessabbé http://www.jessabbe.com/
hoppy is offline   Reply With Quote
Reply

Tags
Greece

Thread Tools
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Preventing Loss of Your Valuables . . . Thieves / Piracy, etc. Lagoon4us Health, Safety & Related Gear 0 11-11-2011 17:07
What's the Best Way to Volunteer as Crew to Gain Sailing Experience in Chicago Area ? Dreamofsailing Training, Licensing & Certification 6 19-08-2011 00:52
My Loss Could Be Your Gain DCGSAILING Classifieds Archive 57 07-04-2011 19:05
Crew Available: Looking to Help Out and Gain Experience bren776 Crew Archives 0 17-11-2010 19:35



Copyright 2002- Social Knowledge, LLC All Rights Reserved.

All times are GMT -7. The time now is 22:14.


Google+
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.
Social Knowledge Networks
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.

ShowCase vBulletin Plugins by Drive Thru Online, Inc.