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post #1 of 33 Old 08-26-2007 Thread Starter
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Sailboat Prices

With the current market conditions do you think Sailboat prices will drop or hold value? I am unsure because I think more people might give up power boating and start sailing!
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post #2 of 33 Old 08-26-2007
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Drop... except for some which will hold there value. Lots of toys will have to go.

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post #3 of 33 Old 08-26-2007
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I think jef is right. At least part of me hopes so. We will be in the market to purchase a sailboat soon.

I do believe many people will sell their toys over the next year. Between not enough money to fix, keep, store and use.

I am making the move from power boating to sailing, partially due to the fuel prices. Can't see having a pb with a 200 or more gallon tank anymore. Our pb has 65 gallons, so at least $150 at the pump. 13gph (35 mph) to 18gph (45 wot). Even at 35mph that's only about 4 hours riding time with a safety margin of fuel left.

The other (Main) reason we are making the switch is: I have realized a sailboat is the destination. Where a pb is just a means to a destination.

It would take one heck of a pb to due some cruising. 35 foot pb would get you a bedroom, a galley and the rest would be fuel tank.
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post #4 of 33 Old 08-26-2007
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It all depends on what you mean by sailboat prices. Generally for things other than real estate and rare items, values drop with age. Boats are more like cars... or actually mobile homes and the value for a specific one will drop with time unless extensive modifications are made but these are generally valued well under 50% of cost of improvements.

Sailboat values will also depend on the Local market more than the international market. Locations where supplies are high, generally cause boat values to decrease faster. Locations where supplies are moderate, prices generally are more stable. Unfortunately where supplies are limited... while you may expect them to increase... it just doesn't typically happen... they go down and days on market generally expands.

I agree boat are "toys" and about the only way they hold their value or at least slow the depreciation, is when you find another "child like creature" with the same interest and appreciation. Fortunately you can often find these creatures around active boating locations and I have been told some even may be located on forums on the internet... but I would not know anything about "those folk". :^P
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post #5 of 33 Old 08-26-2007
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Assuming the market to which yhou are referring is the stock market, it's a big stretch to assume a direct correlation with boat prices. Even if there was such a correlation, it has never been demonstrated historically either by prices increasing or decreasing at the market rate. Buying a boat is purely a lifestyle choice which requires buying a depreciating asset and that will never change regardless of the market.
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post #6 of 33 Old 08-26-2007 Thread Starter
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I am speaking of good name brand sailboats such as PS,IP,Valiant,etc. I think prices will hold due to high demand from people coming from power boat market. Quality always holds value!
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post #7 of 33 Old 08-26-2007 Thread Starter
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I contacted an Island Packet dealer because I was interested in selling my boat and asked them how much I should ask. After they inspected my boat they said demand was high and suggested a price 20% more then I paid in 2002. I was surprised.
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post #8 of 33 Old 08-26-2007
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320 - asking price and selling price, seldom coincide. As with anything used, it's only as valuable as someone is willing to percieve it.

John
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Free, is the heart, that lives not, in fear.
Full, is the spirit, that thinks not, of falling.
True, is the soul, that hesitates not, to give.
Alive, is the one, that believes, in love.
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post #9 of 33 Old 08-26-2007 Thread Starter
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The 20% more were the sold comp's PB.
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post #10 of 33 Old 08-26-2007
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Well, if you want an IP then they should be happy to take the trade at a fair price. Many brokers, real estate, car, boat, etc. start high to get the listing. After a few months on the market, and again not that long in todays real estate and boat market, they suggest dropping the price. Getting closer to reality all the time.

Now, you may have made a great purchase on your PB and the price is fair. Try the trade idea and see where that gets you.

I agree with others, boats and stock market are seperate exept for those folks on margin and irrationally exhuberant. Those people are out there in every market, but I do not believe they will sway the entire boat market. Boats are a depreciating asset unless you buy one that is already depreciated. However, you will probably put a bunch of money into it that you will not get back. Ain't it grand!

Good Luck
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