Buy a boat now with this market, or wait?

JVM225 said:
Taxes in NY are insane now. I’m afraid it’s going to get much worse after this.
The state had already been taking in billions less in tax revenue as a result of the flight of actual net taxpayers (those who pay in more than they take) to lower tax states over recent years.
An even heavier tax burden and more flight from the downstate area due to expanded remote working and people just wanting to add more space between themselves and their neighbors because of this pandemic experience may be the final nails in the coffin.
I know several young Manhattan dwellers who have now committed to fleeing NY as soon as this is all over. They don’t want to relive this experience.
If Cuomo was smart he would be pulling out all the stops to spread out the population more evenly around the state.
Lots of beautiful open space and reasonable property values in upstate areas that have been devastated by loss of manufacturing jobs.
Some in existing cities/suburbs and lots in rural areas.
Making NY more tax friendly to businesses and encouraging remote workers to consider upstate areas would be a good start, but unfortunately those don’t align with Democrat or Progressive values.
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Incentives to move people to other parts of the state is a nice idea, it is is practical? My company on Long Island loathes the idea of people working remotely. They have no flexibility on it whatsoever and can’t wait to get everyone back in the office. Even though we have data that productivity is up management is very rigid on this. Maybe they will loosen up but I doubt it. They built a huge HQ building a few years ago and don’t want it sitting empty.

Because if that I can’t leave the island and keep the job I have. Also, moving upstate limits my boating options a lot. And I have older in-laws here.
 
b_arrington said:
Incentives to move people to other parts of the state is a nice idea, it is is practical? My company on Long Island loathes the idea of people working remotely. They have no flexibility on it whatsoever and can’t wait to get everyone back in the office. Even though we have data that productivity is up management is very rigid on this. Maybe they will loosen up but I doubt it. They built a huge HQ building a few years ago and don’t want it sitting empty.

Because if that I can’t leave the island and keep the job I have. Also, moving upstate limits my boating options a lot. And I have older in-laws here.
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People staying here because they “have to” seem to greatly outnumber those that stay because they “want to” in recent years.
I crossed that bridge myself about 3 years ago after going from “I wouldn’t ever consider leaving” to wishing I could get out of here ASAP.
It’s not that I can’t afford to pay the taxes as they are right now, it’s that I feel like I’m not getting any value for what I pay and it’s only going to get worse.
I’m retired and will be 66 in June, my wife just turned 63 and still works 4 days a week because, despite how much I try to get her to quit, she isn’t mentally ready to pack it in.
But our kids are younger, turning 23 and 20 this year.
My daughter is out of college and got a great job locally. She lives in Manhattan. She wants to stay in the area because of her job and friends, but is pretty sure now she wants to move out of the city a lot sooner than she had planned to.
She’s the biggest thing keeping us here. My wife doesn’t want to leave her.
My son is a sophomore at RPI up in Troy and plans to look for a job anywhere else but here when he graduates.
I’m hoping that once he settles somewhere my wife will be more flexible about moving.
We have friends our age who bought a second home down in SC three years ago with the plan of being basically snowbirds because their 2 adult sons are here.
Now they can’t wait to sell the house up here, and it’s looking like at least one of their adult sons won’t be far behind them.
Ideally, I’d like to go somewhere that I could keep my current boat but it’s not a deal breaker.
 
Year old thread. But amazing how wrong we where about the boat market. :)
 
My broker called the boat is sold. Took less then 3 weeks. I am very happy now that i won't have 2 big boats this spring.
 
Golfman25 said:
Year old thread. But amazing how wrong we where about the boat market. :)
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Hey?! Post #5 :)

Blueone said:
I wouldn't look at the current economic situation as a typical recession. I have a feeling this is a 3 to 6 month decline and it should recover to about 75% of the high. Just my opinion.... So I don't see boat pricing dropping all that much
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No boat shows for the long foreseeable future. Just for grins and giggles I went to my dealer to look at what he had in stock. (just window shopping). Half were already sold, waiting for Spring delivery. The others were waiting to be sold, but if you didn't like any of them you were out of luck. He carries several classic brands and most models were completely sold out for the 2021 model year.

Can't go on a cruise ship. Can't go on a Caribbean vacation (unless you want the hassle of having your nose poked for covid testing and then hope you get the results in time). Can't go on an airplane (unless you want to breathe in your own carbon dioxide for hours and hours at a time). So, why not buy a boat. At least that has been the theme this past year.
 
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