SailNet Community - View Single Post - "You make your money buying the boat, not selling it."
View Single Post
post #30 of Old 07-05-2013
Senior Member
Join Date: Feb 2002
Location: Oceanside CA
Posts: 1,203
Thanks: 29
Thanked 27 Times in 27 Posts
Rep Power: 16
Re: "You make your money buying the boat, not selling it."

Originally Posted by JulieMor View Post
In our search we ran across a boat that appears to have been originally listed in 2007. It looks like the same owner. The original asking price was high (no surprise there!) Then he dropped it 20% after a couple of years. Then another 5% and has stayed there since.
I don't think anything that has happened in the last 6 years is indicative of long term values. In this time people have sunk their boats to avoid paying marina fees, have had their houses foreclosed on and parked their multi-million dollar jets to avoid paying the insurance.

If you wanted to sell any asset 2007 was the time to do it. Probably 2011 was the best time to buy anything as it looks like prices are going up. I still think the prices are fairly depressed compared to long term valuation and it is still a buyers market.

West Wight Potter 14 "Lemon Drop"
Oceanside CA
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
jephotog is offline  
Quote Share with Facebook
For the best viewing experience please update your browser to Google Chrome