Join Date: Jul 2012
Location: Chesapeake Bay Area
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Re: "Buyer's Market" - any data to back it up?
Ultimately it still boils down to "you get what you pay for". The well cared for and maintained boats still cost more than the same model boat that has been neglected and needs big upgrades. Often paying more for the well maintained boat with newer electronics and features you need for cruising ends up costing less in the long run than buying the cheaper neglected boat that will need repairs and upgrades.
I think the economy is causing more boats to fall into the disrepair category because people don't have the money to do all the things that really need to be done regularly to keep the boat in great shape. That is probably why prices have dropped on these boats and they appear to be "bargains".