What Will Happen to Boat Pricing when Euro Is Under Par to US$ ?

[GoingWalkabout]

According to Goldman Sachs. ... Euro going much lower. Forgive me for not taking some boaters here advise on the Euro. I would put my money on Goldman.

[SimonV]

You need to remember the boat that was €100,000.oo last year is still €100,000.oo this year. The change is not in their money but in your money. A strong US $ will buy more €. A €4 coffee will still cost €4 but will be cheaper in US $.

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[goboatingnow]

Originally Posted by Gpolar

Where can we find bank procession boat


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Most of the repossessions ( in Europe ) occurred in the 2009-2011. Banks typically appoint a conventional boatyard or yacht broker to sell them. They rarely get advertised as such for obvious reasons. By and large you won't find put its a repossession until into the sales process.

Dave


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[goboatingnow]

Originally Posted by Going Walkabout

According to Goldman Sachs. ... Euro going much lower. Forgive me for not taking some boaters here advise on the Euro. I would put my money on Goldman.

Hmmm given the ECB, QE program ends at the end of 2016 or maybe earlier if inflation gets close to the ECB limits, I would suspect its pure fantasy to speculate out to nearly 2018 , it's also likely the fed will have to respond to the strengthening of the dollar as well.


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[goboatingnow]

Originally Posted by SimonV

You need to remember the boat that was €100,000.oo last year is still €100,000.oo this year. The change is not in their money but in your money. A strong US $ will buy more €. A €4 coffee will still cost €4 but will be cheaper in US $.

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I think we,ll see price rises in the euro value of boats too, the ECB is encouraging ecomonic growth and as a result the Eurozone may see wage inflation as part of the overall return of inflation , coupled with the fact that many input costs in boating are dollar denominated ( GRP etc ) , I suspect will see some price rises.

Dave


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[more]

Before 2008 we in croatia imported used ships from the USA, and now incredibly massive ships exported to the USA and Australia.
Here sample I sell after October 2015 my Bavaria 38 building year 2003 with tax paid for € 55,000 or $ 60,500 and is likely to be October 2015 $ 55,000 and possibly lower, depending on the Greek crisis.In usa is imposibile bay sailboat 38-41 ft 12 year old in condition like new boat for $ 60000 whit tax paid

[tropicalescape]

I think its funny how the BRICs countries are now adding the CRA as a supplement (approx 50 billion more) so as to "hang on" why dont they let N.Korea join and they will reach the final conclusion ; CRAK(ed) BRICs !! With gas prices headed fast toward $ 2.00 (thats US $s or the EURO equvilent not yuan or remimbi folks or rubles!) things seem to be "right on schedule" !! SUPRISE!!

[savoir]

$2.00 gas? Not round here.

Through June oil fell roughly $4.00/barrel and pump prices in RI rose roughly 15c/gallon. The current typical price is $2.79.

[captain58sailin]

We are at $3.68 per gallon here for regular gasoline.

[tropicalescape]

As they say in Jamaica "soon come" "soon come"....

[tropicalescape]

Originally Posted by captain58sailin

We are at $3.68 per gallon here for regular gasoline.

Alaska well thats a little different maybe $ 2.50 for you guys..

[captain58sailin]

Funny thing, we have our own refinery 60 miles up the road, and our own oil.

[tropicalescape]

With China losing control of their "carefully managed economy" (not!) falling apart before our eyes and the Greek and Iran issues It wont be long (end of summer early fall) before the "New World Order" starts showing itself in all its glory ! Hang on people its going to be a wild ride..Think I will start planning that circumnav again, its been a long hiatus and I am an ancie kind of person ..

[tropicalescape]

Originally Posted by captain58sailin

Funny thing, we have our own refinery 60 miles up the road, and our own oil.

SC has none and they have gas at approx. $ 2.20 or so..

[captain58sailin]

Someone keeps telling me "Its the shipping!".