Re: troubling news..
Originally Posted by olson34
Even the selling price data on the "soldboats" site is only as accurate as the honesty of the broker making the entry...
I agree, but I do wonder what motivation brokers have to inflate the selling prices of their boats. They benefit far more from volume than they do from price increases. The price elasticity curve is likely to reward a 5% price decrease with a 10% volume increase. So the ones who are both smart and unscrupulous would have an incentive to understate
their selling price. That would encourage future sellers to lower their expectations of a final sales price, and thus increase volume, which benefits the brokers. (FYI, it was a broker who told me this.)
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Formerly posted as "RhythmDoctor"
1998 Catalina 250WK Take Five (at Anchorage Marina, Essington, on the Delaware River)
1991 15' Trophy (Lake Wallenpaupack)
1985 14' Phantom (Lake Wallenpaupack)
Last edited by TakeFive; 02-25-2013 at 11:31 PM.