The Market Has Turned

[zeta]

Originally Posted by atoll

the writing is on the walll.................better to have a boat under you than cash in the bank

Agree!

[avb3]

To steal a phrase for those that believe:

A dead cat bounce.

[Mr B]

Originally Posted by Randyonr3

Maybe not where you are but around here, things are busten lose.. my shop is right next door to a Yacht Sales and there has been a steady line of traffic to their front door all day.. When she left late last night she mentioned that she had written 6 offers on friday alone..
One of the boats she sold last week needed new canvas, I gave the guy an estamate of 14,500 for the job.... he stopped buy with a check for the deposit of 50% to put him on the list to get the work done..
Now if boats are not being sold and money is so tight, what in the hell is going on around here...........

So, How many of those six offers were accepted and actually sold,
The boat your talking about was sold last week.

Thats only one out of seven.

You sell a used car, how many tyre kickers do you get,
How many offers do you get,
How many offers do you get any where near the asking price,
If these offers are way off the mark.
You still have an unsold car, or in this instance, A boat.

[Mr B]

The boat I bought was first advertised for sale in January of this year,

So it was on the market 8 months,

Supply and demand,

Lots of supply and not a lot of demand.

Check out when the boats were first advertised, That will give you an indication of the market,
If they have been on the market for a year or two, the market is not booming,
Or they are asking to much,

Brokers, Used car salesmen, politicians, estate agents,

They all spruik about how great things are, and how things are improving and on the up and up,

No matter how bad things really are, Even when every thing around them is going down the gurgler, Hhahahahahahahahaha

[atoll]

Originally Posted by Mr B

The boat I bought was first advertised for sale in January of this year,

So it was on the market 8 months,

Supply and demand,

Lots of supply and not a lot of demand.

Check out when the boats were first advertised, That will give you an indication of the market,
If they have been on the market for a year or two, the market is not booming,
Or they are asking to much,

Brokers, Used car salesmen, politicians, estate agents,

They all spruik about how great things are, and how things are improving and on the up and up,

No matter how bad things really are, Even when every thing around them is going down the gurgler, Hhahahahahahahahaha

salesman talk,the only people that have made gains are holders of swiss francs and gold,the writing is on the wall..............

[Dragon Lady]

They say the gold and silver bubbles are about to burst too.
Aussie real-estate the last domino to fall ?
My friends with investment properties can't believe it.
Interesting days ahead.

[atoll]

Originally Posted by Dragon Lady

They say the gold and silver bubbles are about to burst too.
Aussie real-estate the last domino to fall ?
My friends with investment properties can't believe it.
Interesting days ahead.

hows the aus=us$ these days
bricks n mortar better than worthless paper

[VirtualVagabond]

Originally Posted by Dragon Lady

They say the gold and silver bubbles are about to burst too.
Aussie real-estate the last domino to fall ?
My friends with investment properties can't believe it.
Interesting days ahead.

Sure are.
I'm not particularly worried about paper value fluctuations with investment property. If you're not selling it's not losing value, as long as I've got tennants paying rent the bank is happy and so am I.
I don't even think they'd do anything if the LVR went sour. As long as the loan is serviced by the rents they'd be more inclined to let well alone, IMO.

[VirtualVagabond]

Originally Posted by atoll

hows the aus=us$ these days
bricks n mortar better than worthless paper

The shine has come off a little right at the moment.

When the Aus$ could only get 94c US, we were dreamin' it might get to parity. Then it got to A$=1.10US$ and we we're over the moon. Now we're down to US$1.03 and suddenly we're feeling cheated!!! I'll never understand people... myself in particular!

Looks like something in the Euro zone could be good for Aussie buyers at the moment too

[savoir]

AUD is currently USD 1.03. It fell 3% last week because of negative news coming out of Greece and nothing to do with Australia itself. It will rise again.

As for boats, 8 months on the market is typical rather than long.

. . . . . . . Yet again VV is too quick for me. Sigh !

[atoll]

Originally Posted by VirtualVagabond

The shine has come off a little right at the moment.

When the Aus$ could only get 94c US, we were dreamin' it might get to parity. Then it got to A$=1.10US$ and we we're over the moon. Now we're down to US$1.03 and suddenly we're feeling cheated!!! I'll never understand people... myself in particular!

Looks like something in the Euro zone could be good for Aussie buyers at the moment too

buy,buy,buy your'e about the only people left with a stable currency

[tropicalescape]

Originally Posted by zeehag

no one is comparing apples and oranges--boats aint sellin. period.
brokers are liars, for the most part, and only into their own commission. they are paid to lie.
and sold for prices are NOT published anywhere i am able to find em.
the economy and thus, market, is not gonna be getting better before it gets MUCH worse. sorry. dream all you want-- aint happening.
false upturns are just that. false.not something onto which to pin your dreams of selling your boat for more than someone will pay for it.

Thats right you tell'um..

[zeta]

The market has indeed turned: "from bad to worse!"

[tropicalescape]

Originally Posted by Mr B

The boat I bought was first advertised for sale in January of this year,

So it was on the market 8 months,

Supply and demand,

Lots of supply and not a lot of demand.

Check out when the boats were first advertised, That will give you an indication of the market,
If they have been on the market for a year or two, the market is not booming,
Or they are asking to much,

Brokers, Used car salesmen, politicians, estate agents,

They all spruik about how great things are, and how things are improving and on the up and up,

No matter how bad things really are, Even when every thing around them is going down the gurgler, Hhahahahahahahahaha

Hell we cant all be negative...

[Jamel]

Originally Posted by atoll

the writing is on the walll.................better to have a boat under you than cash in the bank

Exactly my friend, that's what I have just done, purchased my own floating apartment in the form of a Catalina 42! Bought and paid for!!

Cash in the bank can disappear behind hordes of people queueing up to get their money out.

Here in Australia people lost hundreds of thousands of $$$$ overnight from their super funds when the stock market plunged.

It's time for no debt and budget living.....quite comfotably on a boat!