SailNet Community - View Single Post - "Buyer's Market" - any data to back it up?
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post #43 of Old 08-07-2012
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Re: "Buyer's Market" - any data to back it up?

Financing doesn't seem a problem to me. I checked with my credit union 15 or more years 5.99% on 60 grand for a old sailboat late 70s early 80s. The one didn't book out high enough no problem just get the survey to the price I want to pay. They would finance the full amount no money down if I choose. On the power boater conversion , I had one out this weekend looking at my 37 c to buy. He is running through about $500 a month in gas on a 23 footer. Even with a few converting to sail the sail market will be weak for years to come. To much inventory/ cost to keep and less disposable income.
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