Join Date: Oct 2009
Location: Swarthmore, PA
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Re: troubling news..
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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2001 Catalina 34MkII Breakin' Away (at Rock Hall Landing Marina)
PO of 1998 Catalina 250WK Take Five (new owners relocated to Baltimore's Inner Harbor)
1991 17' Trophy (Lake Wallenpaupack)
1985 14' Phantom (Lake Wallenpaupack)
Last edited by TakeFive; 02-25-2013 at 10:31 PM.