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The boat market seems to be improving

  • Thread starter Thread starter SeaEric
  • Start date Start date
  • Replies Replies 64
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I'm not saying the market is rosey by any stretch of the imagination and agree with all of your points - except the percentage that could go under. Many of the S&P 500 companies are my clients and yes, I watch their BS's almost as closely as I watch my own. While they're not pretty, I truly believe most are doing a terrific job at shoring them up (mainly by cutting expenses). I also believe this market correction is very healthy for business. The strongest will survive (and grow).....IF the government will stay out of the way!

I've been 90% cash (not including 401k's) since June '08 and will continue to be for the forseeable future. I just wish I could find a way to make money on one of the things I love most.....boats!
 
OBXTucker said:
I've been 90% cash (not including 401k's) since June '08 and will continue to be for the forseeable future. I just wish I could find a way to make money on one of the things I love most.....boats!
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Cash was a great place to be when the market fell. A friend of mine sold his company in late 2007 at the peak and got top dollar (8 figures). He jokingly says that it is his indecisiveness and reluctance to make a decision as to where to put the cash has saved him untold millions just because he was (and still is) all cash during the fall.
 
ThirdHatt said:
That looks like a nice boat. I know of a Hatt 70' that is much newer in excellent condition that can be bought for $300k as well! There are some strong deals on big Hatt's right now. I have been studying them quite hard lately!
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I'll bet you have. :)
 
That's a beauty. I'm curious why they didn't show engine room pictures though?? They've obviously spent a pretty penny on upgrading her. Reminds me a lot of what the previous owners did on my LRC.
 
A broker I know told me to offer 225 on that one. Said it might go for that!
 
krush said:
I doubt it. How many years did it take to recover from the Great Depression?
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We had a world war that ended the great depression. It wasn't any president that saved the country. The people needed jobs, the country needed equipment.

BILL
 
I think this is just a lull in the down hill slide. Unless there is another war the economy will continue to fall. The boats that are selling today and last year were owners that purchased them on the presumption that there jobs were safe and the money was safe. The cheap sale of the boats was, is just a valiant try to save and delay there butts from financial ruin. Wait till the people that purchased the new cars and got the discounts received there tax bill. There going to be a lot of OH SHITS out there. It's going to be at least 10 years maybe more before the country turns around. I'll say it again, You can't free trade with countries that are not on the same financial structure as ours. When the pay scale of these cheap workers rise to the same as ours or we drop to theirs there will be no change in our job market. The free trade has got to stop. STOP buying the cheap crap from over seas. That is the only way to stop our financial ruin.
BILL
 
Heard of a repo company operator who is jumping for joy on the "cash for clunkers" program. He KNOWS many of these people cannot afford the monthly car payments, and he will be VERY busy in 3 to 4 months.
 
America's economy has faced dire predictions my entire lifetime (age 45). I think this is largely a result of a people that conquered the world in 1946 and literally owned all of the gold. We have been giving it back ever since in an attempt to create trading partners and export our ideals of human liberty. We've been enormously successful and our relatives in Arlington would no doubt be proud of the results albeit intermittantly disgusted with our haphazard approach.

America's growth and recovery always centers around a surprise development. In my lifetime it's been aerospace from the moon program, semi-conductors, personal computing, the commercialization of the Internet, and the bubbles.

I do not pretend to know what will happen next but usually "next" occurs in between the predictions of "next". What scares me here, and other places I lurk, is that the range of predictions run from "Blade Runner" to "Grapes of Wrath". (I suppose "Killing Fields" would be worse so their is some hope.)

What new industry will we develop that will lead us out of this?

Bruce
Freestyle
1976 43 DCMY
Tampa
 
Or maybe not.

I just had a mid 80's 52c survey well. Engines in great shape and sea trialed over 30 kts fall through at $180K for last minute financing issues.

Seems there is always something that can go wrong and lately too often it does.

Smaller vessels in lower price ranges seem to be moving but the middle of the market is a bit tough lately.
 
Boatsb said:
Or maybe not.

I just had a mid 80's 52c survey well. Engines in great shape and sea trialed over 30 kts fall through at $180K for last minute financing issues.

Seems there is always something that can go wrong and lately too often it does.

Smaller vessels in lower price ranges seem to be moving but the middle of the market is a bit tough lately.
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Sounds like a great deal. What year was she and what was she repowered with to hit 30+kts?
 
8v92TA with less about 100 hours since overhaul. There are some changes to the props that increased the speed considerably.

PM me and I can get you the details.
 
ThirdHatt said:
That looks like a nice boat. I know of a Hatt 70' that is much newer in excellent condition that can be bought for $300k as well! There are some strong deals on big Hatt's right now. I have been studying them quite hard lately!
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Any details?
 
Just a quick clarification. It ran 33+ MPH which is about 30 Kts. I had the 33 in my head somewhere hiding.
 
JLR said:
Any details?
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A friend just put in an offer yesterday afternoon on that boat, so I'll have to wait to see what happens with his offer.
 
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