mrsrobinson
Well-Known Member
I have been looking since last Fall. I found a serious contender last Saturday and was ready to make an offer (cash buyer) until, this week. The market correction makes sense, and was overdue. Coupled with the anxiety/fears of the corona-virus, oil flooding the market, that was a perfect storm. A reliable/trustworthy broker told me there are still buyers, just not cash buyers. Loans will look more attractive if the fed gets us closer to 0, which i think will happen.Country is in panic. Stock market in shambles. Anyone buying a boat? Or gotten cold feet?
If this is a 3 -4 year recession/bear market then I am concerned about overpaying for a boat today, versus 2-3 months from now when the supply exceeds the demand.
I dunno, I am sitting on my hands right now, but thinking about it everyday, cuz i miss the water!!