Cruisers Forum
 


Join CruisersForum Today

Reply
 
Thread Tools Search this Thread Rate Thread Display Modes
Old Yesterday, 12:03   #121
Registered User

Join Date: Jan 2012
Location: CHARLESTON, SC
Boat: Schucker 436
Posts: 68
Re: Sailing in recession ?

I received a call from my younger step-brother this morning, he had a massive heart attack, but made it. That puts my boat in perfect perspective of the value of time over deflation or depreciation. If boating is important, make it happen, and if you can't take a 50% loss, you may have a heart attack when you need to sell it. Then charter a boat, or find a friend that needs good crew. Worldwide, we are living in the best, but most unpredictable times. Standing by.
__________________

RUSTYNAIL is offline   Reply With Quote
Old Yesterday, 12:44   #122
Registered User

Join Date: Dec 2007
Location: Auckland; NZ
Boat: Morgan, Out Island, 36, Sunchaser
Posts: 49
Re: Sailing in recession ?

Circles of interest and Circles of influence,- that's my philosophy. I'm interested in all the things mentioned above but I have almost zero influence on the looming recessions/revolutions/social unrest/climate change/WW111/Chinese World Domination etc etc etc.

BUT my boat is paid for, it has a watermaker and I know how to catch fish,---if it gets really **** where I am, I can move.

For the most part, I couldn't give a **** about the rest, as a wise man once told me, when you go to sleep at night all you really need is about 3mx1m of shelter to keep you warm and dry,----everything else is excessive to your needs.
__________________

Joe Okros is offline   Reply With Quote
Old Yesterday, 13:06   #123
Registered User

Join Date: Jan 2017
Posts: 9,246
Re: Sailing in recession ?

Quote:
Originally Posted by captaingregger View Post
What boggles my mind is the thousands of boats you see at US marinas that never get used. I mean if youíre busy, I get it. But at $1,200-$2,200/ mo for a slip in a lot of places and you wonít even use your boat but once every 5 years? Iíll never understand that situation.
So many people have enough money, that even $5000 / mo, for some $50,000 / mo is proportional to an extra takeaway coffee for someone making under a half mil USD p.a.

An amount not even worth thinking about, much less taking action on.

The fact they have so much, is what they spend money on, trying to get through our thick pleb skulls just how much.

If it wasn't tied up at the dock it would be "wasted" on something else, that maybe "trickles down" even less.

So be properly grateful and in awe of their wealth and our great system that allows it to accumulate unchecked.
john61ct is offline   Reply With Quote
Old Yesterday, 13:18   #124
Registered User

Join Date: Dec 2014
Posts: 2
Re: Sailing in recession ?

I can only tell you our own story, AND you can read about it in my book, Escape from the Ordinary. We were early FIRE people and had saved a nest egg to buy a blue water boat. The 39 ft coastal cruiser we owned was not up to the task of a circumnavigation. During our last months of work we sold everything, and our nest egg grew. However, the kind of boat we wanted was still out of our reach. EXCEPT, in Europe. The exchange rate allowed us to buy twice the boat we could have afforded in the USA. We were nervous nellies about which day to exchange our currency (at those numbers even half a cent makes a difference). It worked out great for us. We had friends who did the same with their sailboat manufactured in South Africa, and another whose aluminum sailboat was built in New Zealand, Costa Rica, Australia....

There are special currency situations that can play in your favor which will greatly reduce the money you lose when you sell your boat. We bought our Super Maramu new at the factory (read about that part in Escape from the Ordinary and you will see what amateurs we were) lived on board and sailed her around the world for 8 years and lost very little money when we sold her. My husband IS a banshee when it comes to maintenance and upkeep so the boat looked great, but mostly it was due to the great exchange rate for buying. Hope this helps and you get a GREAT boat that serves you well. I would not trade those years for any amount of money.
Cestassez is offline   Reply With Quote
Old Yesterday, 14:13   #125
Marine Service Provider

Join Date: Jan 2013
Location: Silicon Valley, CA
Boat: TBD: Graphene reinforced amines, ideally around 14 metres.
Posts: 36
Re: Sailing in recession ?

Quote:
Originally Posted by Kenomac View Post
The economy in the USA is roaring ahead, moving forward like it hasn't since the Reagan years. Anyone who wants a job is working and can probably get overtime or two jobs. You won't hear any of this in the news but, it is all thanks to Trump; and hopefully most will have figured it out before the next election in two years time.

I rent office space for a living which was nearly impossible to do during the Obama years, now I have a waiting list, mostly startup businesses.
I'd buy a boat from this guy in about...2 years.

Always bookmark the people who say the economy is booming, ascribing the reason to some simplistic and fact-free causal agent, and especially if they claim quants, economists, and the media are not reporting how great their Dear Leader is doing, then check up on them later.

International rental property and land tend to give the same value to yachting in good times and bad, the income they generate correlates with the costs of supplies and repairs reasonably well.
Aargau is offline   Reply With Quote
Old Yesterday, 21:08   #126
Registered User

Join Date: Feb 2019
Posts: 1
Re: Sailing in recession ?

What if your in the market to buy a boat .I like the fact that I could potentially save 30% .I've got a 30% deficiency now with the Canadian dollar .I'm just waiting for the dollar to improve to pull the trigger.hopefully before I die would be nice
Captains.chair is offline   Reply With Quote
Old Yesterday, 21:59   #127
Registered User

Join Date: Jan 2018
Posts: 322
Re: Sailing in recession ?

Waiting on this recession like.....

I can't find employees, can't find someone to build out the rest of one of my boats. My life is at a standstill because there is such a shortage of available people who want to work.

Praying for this recession to get started so things can get moving again.
Chotu is offline   Reply With Quote
Old Yesterday, 22:26   #128
Registered User

Join Date: Feb 2018
Posts: 143
Re: Sailing in recession ?

Quote:
Originally Posted by Aargau View Post
I'd buy a boat from this guy in about...2 years.

Always bookmark the people who say the economy is booming, ascribing the reason to some simplistic and fact-free causal agent, and especially if they claim quants, economists, and the media...
Wisdom (right out of the Michael Burry playbook).
Singularity is offline   Reply With Quote
Old Yesterday, 23:22   #129
Registered User

Join Date: Feb 2018
Posts: 143
Re: Sailing in recession ?

Quote:
Originally Posted by Chotu View Post
Waiting on this recession like.....

I can't find employees, can't find someone to build out the rest of one of my boats. My life is at a standstill because there is such a shortage of available people who want to work.

Praying for this recession to get started so things can get moving again.
If you offer a more competitive salary/compensation you will get your employees. If you cannot offer more now, there really is no logical reason to expect that you will be able to in the foreseeable future. The labor force participation rate has been decreasing for years with no logical expectation that it will increase in the foreseeable future.

Firms that cannot hire will have to scale back operations (already are), which reduces, ultimately, consumption from other firms in a positive feedback loop manner. This can define system contraction (i.e. recession as viewed from another angle).

In any event, those who have already opted out of the traditional economy are least like to be cajoled back into the work you are advertising for.
__________________

Singularity is offline   Reply With Quote
Reply

Tags
sail, sailing

Thread Tools Search this Thread
Search this Thread:

Advanced Search
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
Cruising and the Coming Storm ~ Recession, Depression, Climate Change, Peak Oil jtbsail Off Topic Forum 162 13-10-2015 13:17
The Ghost Fleet of the Recession - Singapore Patient General Sailing Forum 17 16-09-2009 23:02
beneteau pricing during recession virgovirtus Monohull Sailboats 6 31-03-2009 11:38
Haul-out / Bottom Paint Recession Specials? windsaloft Construction, Maintenance & Refit 0 15-03-2009 22:42
New to sailing & addicted to sailing :) Serendipity13 Meets & Greets 8 13-07-2008 17:43



Copyright 2002- Social Knowledge, LLC All Rights Reserved.

All times are GMT -7. The time now is 03:54.


Google+
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2019, vBulletin Solutions, Inc.
Social Knowledge Networks
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2019, vBulletin Solutions, Inc.

ShowCase vBulletin Plugins by Drive Thru Online, Inc.