Prices

[whoover]

We have had an influx of new members to my yacht club this year. I don't know if these people are all new boat owners or just that covid has closed their previous place where they have been keeping their boats. I guess that in a year we will know if they are l still here or sell and or move on. None of these are big boats, 30 feet and under. I not seeing anything too new, all between five and ten years old. I still hold the record though at 47 years, what a feeling! Mostly in my back, knees and one hip, the other hip is only eleven years old.

Walt Hoover

 

[oscarvan]

Our club too has seen a record influx. Most don't have boats though...... Apparently live music, drinks and food on the lawn and a pool made them show up.

 

[oscarvan]

Thank god my son ended up flying cargo. He keeps hitting 100 hours a month maxing out the allowed flight time. All his buddies in the airlines are sitting on their asses at home but still getting paid. Nothing to do their looking at boat car and airplanes for sale.

So he's not quarantined in a "health facility" in Hong Kong? Good for him. There's a bunch of pilots getting a less than 5 star treatment there right now after "testing positive" (yes forced testing by the government) flying freight in and out of there..... Me, I'm one of the guys that's been sitting on his ass since March 3rd.... but I didn't pull the trigger yet. Getting closer though.

 

[Passages]

I'm a contrarian. I don't doubt lots of boats of sold, both used and old. What I think this shows is that we are in for some sort of MASSIVE crash.

At my marina, I'm seeing many boats which have been on the market for a year or more selling in the past 3 months. The only boats that can't sell are the ones that have absentee owners and poorly maintained.

That said, we probably are in for a correction when the subsidies....subside.

 

[oscarvan]

At my marina, I'm seeing many boats which have been on the market for a year or more selling in the past 3 months. The only boats that can't sell are the ones that have absentee owners and poorly maintained.

That said, we probably are in for a correction when the subsidies....subside.

We are in for a correction when people realize that boating around with a fufu beverage and a smiling Leave it to Beaver family is only a VERY small part of boat ownership and requires a lot of work, and money. Again I see it in the RV arena too.

 

[krush]

Maybe it's because they all got on Robbin Hood and got rich "trading stawks". LOL timber!!!!!

 

[rsmith]

So he's not quarantined in a "health facility" in Hong Kong? Good for him. There's a bunch of pilots getting a less than 5 star treatment there right now after "testing positive" (yes forced testing by the government) flying freight in and out of there..... Me, I'm one of the guys that's been sitting on his ass since March 3rd.... but I didn't pull the trigger yet. Getting closer though.

For the last year he’s been Riverside Cal Rockford I’ll Cincinnati Minneapolis Portland Seattle. Sitting in Portland right now says the gunfire at night makes him think he’s back in Afghanistan. Headed to Honolulu on Sunday landing just about when the hurricane is supposed to hit. Says his alternate will probably be Midway.

 

[oscarvan]

Headed to Honolulu on Sunday landing just about when the hurricane is supposed to hit. Says his alternate will probably be Midway.

That sounds like too much work.

 

[Seapig100]

This thread has me even more mad at my yacht club.*

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[JLR]

Regarding boat prices, I thought I would post this as a word to the wise. Having sold my 74 Hatteras in April, I put my 56 Ocean Sportie up for sale. A second home purchase made the Ocean expendable. Well I received an offer today of about 50% of what I am asking. The asking price was set with a very experienced broker after reviewing the entire market and the price is right in the middle of the pack of similar boats selling. Long story short, I believe that the virus has also brought out a bunch or bottom feeders and tire kickers looking to find folks who “have” to sell their boats for economic reasons. Fortunately, that is not my case. Needless to say, I instructed my broker to tell the prospect that we would not respond to his offer. For those selling, watch out for the buzzards.

 

[oscarvan]

Regarding boat prices, I thought I would post this as a word to the wise. Having sold my 74 Hatteras in April, I put my 56 Ocean Sportie up for sale. A second home purchase made the Ocean expendable. Well I received an offer today of about 50% of what I am asking. The asking price was set with a very experienced broker after reviewing the entire market and the price is right in the middle of the pack of similar boats selling. Long story short, I believe that the virus has also brought out a bunch or bottom feeders and tire kickers looking to find folks who “have” to sell their boats for economic reasons. Fortunately, that is not my case. Needless to say, I instructed my broker to tell the prospect that we would not respond to his offer. For those selling, watch out for the buzzards.

May well be a flipper......

 

[JLR]

Sounds like it to me or some sort of wholesaler. Offered to up the offer by some unstated amount and said he would buy without a survey. I advised that I am not the least bit concerned about a survey and unless he comes up with a realistic offer, we need not converse further. Since I know he will need to get a survey to insure the boat, the whole thing sounds very sketchy to me.

 

[rsmith]

Scammers

 

[Boatsb]

Get a good lawyer if you have to deal with them.

 

[Pascal]

Counter at asking minus $1....

 

[Jammin']

An architect once asked me if I could adjust my bid because I was some trivial amount higher than some other bid. I raised my price and thanked them for giving me the opportunity to revise my bid, that I had overlooked a few things.

I didn't get that one, but I noted that within a few weeks there was a stop work order slapped on the job that lasted for months.

 

[rsmith]

Then again I’ve bought quite a few things that I put a low ball cash no contingency offer on and the owner came back and accepted. You just never know what people’s motivations are.

 

[oscarvan]

You just never know what people’s motivations are.

The last few months saw me, and a few hundred million others, at home playing with our toys. So I cleaned up 20 years of workshop, garage and part of the basement. Upgraded a bunch of stuff. Sold a TON of stuff on FB market place. I don't need 4 chainsaws..... got a new tractor and sold the old one, went from 7 trailers (yes seven) to four, etc. etc. I priced everything to be gone in 24 hours. My motivation was to get it "outahere"..... so I probably averaged $.60 on the dollar. But my object was to make room with a minimum of time invested.

Lots of happy buyers.