Hitchin' a ride
Join Date: Sep 2006
Location: In my mind, I live in Oslo
Thanked 1 Time in 1 Post
Rep Power: 12
DOESN'T ANYONE LISTEN TO ME!! Yes, I am shouting, and don't answer that. I believe I said a couple of months ago that the boat market is down 50% in volume, not prices, but the number of boats being sold. 50%!!!!! You can name your price if you find a boat that REALLY needs to be sold or is on the lower end of the market. Older Catalina 36's that were going for 50-60k, try 30-40k. Anyone that has paid cash or doesn't have a note on their boat, you can under bid if they can't afford their boat anymore. Look for foreclosures on boats to rise for those that owe and can't afford to keep it and can only sell at a loss. I am one of the ones in CD's last category. I have a great boat, but its not quite what I want. Its not going to sell, not nearly for what I paid for it, but I can afford it and don't have to sell. So I will sit on it, sail it, and treat her like I am not selling. Its going to be hard to find good boats at a decent price, like the housing market, its drying up and people will sit on the good stuff.
1.) I would be VERY picky about what I bought. The market may get flooded with a lot of boats that need to be sold. Prices certainly are not going up anytime soon. Take your time.
2.) That is a phenomenon that i have noticed before and even more so now. I think, and I could be wrong, that boats like Beneteau appeal to lots of first time buyers and people that don't really know about the maintanence required. The wear and tear starts to show after 4 or 5 years, and they try to sell the boat instead of fixing and upgrading. Look at all the 5-6 year old Beneteaus with roller furling on the market. Its time for a new sail. Also a lot of those boats come out of some sort of charter after 3-5 years. Sorry to pick on that brand, I like a lot of their boats, just an example please, okay.
3.) I don't know.
Edit - BTW my first sentence wasn't directed at you CD, just ranting.
Great men always have too much sail up. - Christopher Buckley
Vaya con Dios
Last edited by bestfriend; 11-21-2007 at 09:33 PM.