Man are boat prices going up

One problem with a the new boaters selling their covid boat once they realise boating isn't for them, is that how much of the missed or ignored maintenance items will have ruined these boats. Boats that would otherwise have been a careful and considered purchase by people who love boating...those boats will now have serious issues.. shame..
 
Sorry to interrupt this conversation, but I just acquired a 2004 Sea Ray Sundancer 320 and have a number of new posts that would like to make on this site but I can't figure out how to perform this simple task. Can anyone let mw know how to make a new post in this site?
 
Greg060 said:
Sorry to interrupt this conversation, but I just acquired a 2004 Sea Ray Sundancer 320 and have a number of new posts that would like to make on this site but I can't figure out how to perform this simple task. Can anyone let mw know how to make a new post in this site?
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Go to the forums tab and select the forum you would like to post in - once you click the forum, past threads will appear - at the top right there is a post new thread tab - welcome
 
Greg Lions said:
One problem with a the new boaters selling their covid boat once they realise boating isn't for them, is that how much of the missed or ignored maintenance items will have ruined these boats. Boats that would otherwise have been a careful and considered purchase by people who love boating...those boats will now have serious issues.. shame..
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Everyone is saying the "covid buyers" will be selling soon. I am not seeing it, and I am not sure we will. Perhaps they figure out they like boating and keep them.
 
mrsrobinson said:
Everyone is saying the "covid buyers" will be selling soon. I am not seeing it, and I am not sure we will. Perhaps they figure out they like boating and keep them.
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Just give it time.

Once the thrill is gone, the boat brokerage docks will start to fill up again. And those new boaters will find out that the bills keep coming until they find a buyer, and they will also discover in many cases they will sell below what that have in the boat.

I've already watched a few boats in my area go to the brokerage, get sold, and return many months later to get resold again. The bubble will burst, and there will be no market for resale unless they will discount, heavily.

Seen this rodeo before.
 
The market is still going on used boats. I listed my 205 yesterday and have 3 calls this morning they all want to see it today. The condition of this boat it’ll be sold today.
 
mrsrobinson said:
Yes and No. None of us have lived thru a pandemic like this (at least I haven't) so we really don't know what's on the other side of it when it comes to the boat market.
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It's basic economics. Just look around at what's going on right now. The scamdemic allowed the govt to run the printing presses 24/7 and flood the market with dollars. Interest rates are still being kept low, and cheap money is still available. Add to all of that some serious bad economic decisions coming from Washington DC and the future doesn't look too bright.

There's a bubble swelling and it will burst eventually. The repo guys will make out quite well. And the banks/lenders will be holding fire sales to get rid of the losses.
 
CaptRonn said:
govt to run the printing presses 24/7 and flood the market with dollars. Interest rates are still being kept low, and cheap money is still available. Add to all of that some serious bad economic decisions coming from Washington DC and the future doesn't look too bright.

There's a bubble swelling and it will burst eventually. The repo guys will make out quite well. And the banks/lenders will be holding fire sales to get rid of the losses.
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Politics removed.

I've been saying that we have been in a bubble for about 8 yrs now. Until the government (doesn't matter which side you're on) runs out of tools, we aren't stopping. I finally got tired of watching my cash value erode so I spent part of it on a new to me boat. Still on the fence about selling my old boat. I like that I can cash out of it for what I paid for it 5 yrs ago, but we still use it weekly.
 
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jmauld said:
Politics removed.

I've been saying that we have been in a bubble for about 8 yrs now. Until the government (doesn't matter which side you're on) runs out of tools, we aren't stopping. I finally got tired of watching my cash value erode so I spent part of it on a new to me boat. Still on the fence about selling my old boat. I like that I can cash out of it for what I paid for it 5 yrs ago, but we still use it weekly.
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Monetary theory aside, we really haven't been in a bubble economy the past 8 years. It was a pretty good, slow to moderate growth economy -- things where pretty balanced (although I get the low/no interest rate environment). But nobody can deny, what it happening now cannot be sustained. Pretty much every business is hiring and yet we are paying people not to work. Printing money to fund "infrastructure." Commodity prices going gangbusters. Etc. etc.
 
I am an Economics major, so I do not disagree with any of this. However, this pandemic is a whole new beast. And yeah, I got tired of sitting on cash as well, threw some in the market on Friday, made 30% on it today, quickly sold :)
 
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It’s definitely strange times. But to say we can’t sustain it? I’m not ready to commit to that. Granted a crash wouldn’t surprise me either. But The government just keeps making new tools to keep their rulers in Wall Street happy. As long as they’re happy we’re good.
 
jmauld said:
It’s definitely strange times. But to say we can’t sustain it? I’m not ready to commit to that. Granted a crash wouldn’t surprise me either. But The government just keeps making new tools to keep their rulers in Wall Street happy.
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Agreed, remember what Janet said? "No financial crisis in our lifetimes"...
 
jmauld said:
It’s definitely strange times. But to say we can’t sustain it? I’m not ready to commit to that. Granted a crash wouldn’t surprise me either. But The government just keeps making new tools to keep their rulers in Wall Street happy. As long as they’re happy we’re good.
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How can you sustain an economy where the cost of inputs are going up 100%? I am paying 2x what I normally pay for raw materials. Labor is hard to find and being bid up. It's taking 15+ min. to get thru a Mc Donalds drive thru. You essentially have business competing with the Government for labor. That can't be good.
 
Survey is back. Pretty decent report on our boat... didn't notice I needed new flares time flies... other than that and a few minor things he spotted, a great report.

Value.... hold on...

$40k!

Insane. And he said it should be higher based on prices going up but he has to value it over last 6 Mos... Not forward.
 
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