Cruisers Forum
 


Join CruisersForum Today

Reply
 
Thread Tools Rate Thread Display Modes
Old 13-12-2012, 10:55   #301
Eternal Member
 
wolfenzee's Avatar

Join Date: Feb 2008
Location: Port Ludlow, WA (NW corner of Puget Sound)
Boat: 30' William Atkin cutter
Posts: 1,496
Send a message via ICQ to wolfenzee
Re: Is the Market Really this Bad ?

I liked what I saw on the boat I got (it was before the market ""crashed") so I didn't hesitate or haggle. Turned out alot of other people were looking at the boat....they were all playing the "waiting game". I got the boat for way under the market value, all the people that missed out only have them selves to blame. How much to pay....an amount you feel comfortable paying , something that will leave you enough money left over for repairs and/or upgrades and operating costs. Don't bite off more than you can chew...actually leave some on the plate to make your meal more enjoyable
__________________

__________________
"It is better to die living than live dieing" (Tolstoy para-phrased by Jimmy Buffet)
"Those who think they know everything piss off those of us who do"
wolfenzee is offline   Reply With Quote
Old 14-12-2012, 19:41   #302
Registered User
 
deluxe68's Avatar

Join Date: Apr 2009
Location: Arizona/Rhode Island
Boat: Swan 432
Posts: 581
Re: Is the Market Really this Bad ?

There is a leftover new 2009 IP460 for sale at $389K, quite a steal if that is the type of boat you are considering.
__________________

__________________
deluxe68 is offline   Reply With Quote
Old 14-12-2012, 20:29   #303
Eternal Member
 
wolfenzee's Avatar

Join Date: Feb 2008
Location: Port Ludlow, WA (NW corner of Puget Sound)
Boat: 30' William Atkin cutter
Posts: 1,496
Send a message via ICQ to wolfenzee
Re: Is the Market Really this Bad ?

My brother bought a house for $1.4mil a couple of years ago and it is now worth $500K....I told him if he paid $1.4 for the house it is because that is how much it was worth to him. You don't buy a boat as a finacial investment (possibly a spiritual investment). You pay what the boat is worth to you.
$380K for a boat?....<than half that you can get a 60'loa (50'lod) classic design wooden sailing schooner...with all the bells and whistles.
__________________
"It is better to die living than live dieing" (Tolstoy para-phrased by Jimmy Buffet)
"Those who think they know everything piss off those of us who do"
wolfenzee is offline   Reply With Quote
Old 14-12-2012, 20:32   #304
Registered User

Join Date: Jan 2010
Location: Narragansett Bay
Boat: Able 50
Posts: 3,052
Re: Is the Market Really this Bad ?

And the maintenance costs on this boat will be . . . . . .
__________________
savoir is offline   Reply With Quote
Old 14-12-2012, 20:37   #305
Registered User

Join Date: Sep 2009
Location: Mackay,QLD, Australia
Boat: planning a approx 45ft cat
Posts: 3,651
Images: 3
Re: Is the Market Really this Bad ?

Quote:
Originally Posted by savoir View Post
And the maintenance costs on this boat will be . . . . . .

More than those of the 46ft Schonning linked by Cat-man-do
__________________
downunder is offline   Reply With Quote
Old 14-12-2012, 21:40   #306
Registered User

Join Date: Jan 2010
Location: Narragansett Bay
Boat: Able 50
Posts: 3,052
Re: Is the Market Really this Bad ?

For sure.
__________________
savoir is offline   Reply With Quote
Old 14-12-2012, 21:48   #307
Registered User
 
Nessus's Avatar

Join Date: Dec 2012
Posts: 69
Re: Is the Market Really this Bad ?

Quote:
Originally Posted by savoir View Post
And the maintenance costs on this boat will be . . . . . .
"one million dollars"

__________________
Nessus is offline   Reply With Quote
Old 14-12-2012, 22:28   #308
Registered User

Join Date: Aug 2011
Location: Melbourne Australia
Boat: Paper Tiger 14 foot, Gemini 105MC 34 foot Catamaran Hull no 825
Posts: 1,616
Re: Is the Market Really this Bad ?

Multihullsolutions are saying they are selling One catamaran a week and going great, But also mentioned that the market was sluggish, I dont know if thats because of dropping prices or not,

Cat Man Do is saying the prices are dropping like flies,

I didnt look at Yachthub, So is the market bad or not, Its very hard to tell with These conflicting reports,

Then it depends on the sellers financial situation as well, They may be in a have to sell situation,
__________________
Mr B is offline   Reply With Quote
Old 14-12-2012, 22:41   #309
Registered User

Join Date: Jan 2010
Location: Narragansett Bay
Boat: Able 50
Posts: 3,052
Re: Is the Market Really this Bad ?

Quote:
Originally Posted by Nessus View Post
"one million dollars"

Cash or cheque ?
__________________
savoir is offline   Reply With Quote
Old 14-12-2012, 22:47   #310
Registered User

Join Date: Sep 2009
Location: Mackay,QLD, Australia
Boat: planning a approx 45ft cat
Posts: 3,651
Images: 3
Re: Is the Market Really this Bad ?

Prices certaninly seem to have come down in Aus.e

New imported vessels also have dropped due to our dollar.

Even Seawind has become more competetive since moving to Vietnam.
__________________
downunder is offline   Reply With Quote
Old 14-12-2012, 22:59   #311
Registered User
 
cat man do's Avatar

Join Date: Aug 2006
Location: Brisbane Australia [until the boats launched]
Boat: 50ft powercat, light,long and low powered
Posts: 4,409
Images: 36
Re: Is the Market Really this Bad ?

Quote:
Originally Posted by Mr B View Post
Then it depends on the sellers financial situation as well, They may be in a have to sell situation,
I can assure you that at least one of the boats I linked to is not in this predicament, but they are bleeding a $k or more a mth on storage and upkeep on a boat they no longer use, not to mention lost opportunity costs.
__________________
"Money can't buy you happiness but it can buy you a yacht large enough to pull up right alongside it"...............David Lee Roth
Long Distance Motorboat Cruising It Is Possible on a Small Budget
cat man do is offline   Reply With Quote
Old 21-12-2012, 19:29   #312
Registered User
 
westsail374's Avatar

Join Date: Jul 2012
Location: Durham, NC
Boat: Looking...
Posts: 318
Re: Is the Market Really this Bad ?

So now it looks like we will fall off the budget cliff. More uncertainty, meaning fewer itchy trigger fingers, i.e. less folks likely to pull the trigger on buying boats.

__________________
westsail374 is offline   Reply With Quote
Old 22-12-2012, 00:45   #313
Registered User
 
Doodles's Avatar

Join Date: Nov 2009
Location: Virginia, USA & Krabi, Thailand
Boat: Wauquiez Pretorien 35; Nordica 16
Posts: 2,810
Images: 1
Re: Is the Market Really this Bad ?

Quote:
Originally Posted by westsail374 View Post
So now it looks like we will fall off the budget cliff. More uncertainty, meaning fewer itchy trigger fingers, i.e. less folks likely to pull the trigger on buying boats.

Look on the bright side, the world didn't end yesterday like it was suppose to so now you've got another chance to buy that boat you've always wanted.
__________________
Mundis Ex Igne Factus Est
Doodles is offline   Reply With Quote
Old 22-12-2012, 05:02   #314
Armchair Bucketeer
 
David_Old_Jersey's Avatar

Join Date: Oct 2006
Posts: 10,013
Images: 4
Re: Is the Market Really this Bad ?

Quote:
Originally Posted by westsail374 View Post
So now it looks like we will fall off the budget cliff. More uncertainty, meaning fewer itchy trigger fingers, i.e. less folks likely to pull the trigger on buying boats.

The goods news is that the Cliff is now more of a slope - at least that is how the reporting is now being done over here......which kinda makes me suspect that no deal will be done by 1 Jan (with us being warmed up to that!, actually does kinda make sense - Obama gets his tax increases, and one thing is for sure folks in Congress will keep on voting for more spending even if not in one go as part of a Budget, after all it is how the US got into the financial mess in the first place!).
David_Old_Jersey is offline   Reply With Quote
Old 22-12-2012, 06:42   #315
Senior Cruiser
 
tartansail's Avatar

Cruisers Forum Supporter

Join Date: Oct 2010
Location: Tiverton, RI, USA
Boat: ex-Tartan 40
Posts: 614
Images: 1
Re: Is the Market Really this Bad ?

The basic problems with the market are that there are way too many perfectly serviceable used boats around, more people are leaving the market than coming in, and the economy is stagnant. I wonder whether the losses from Sandy will turn into a positive blip in the Eastern US as Spring approaches. A fair amount of inventory was lost so there may be a temporary correction to the supply imbalance. Many of the people who lost their boats will want to replace them. Many were insured so there will be some money available.

Not all scenarios are complete disasters though even if there is a bump, it's not likely to last beyond this year. And the cliff. Political brinksmanship that has gotten blown up to the point it could be a self-fulfilling prophecy.
__________________

__________________
- David
S/V Sapphire Tartan 40 #71

tartansail is offline   Reply With Quote
Reply

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
The Business Case for Next-Generation Chartplotting hyman Navigation 17 24-11-2011 23:34
Vendor Space Still Available: Florida Marine Flea Market and Seafood Festival LarryBu Commercial Posts 0 22-08-2011 08:03



Copyright 2002- Social Knowledge, LLC All Rights Reserved.

All times are GMT -7. The time now is 21:43.


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.