Perry Rennie
Member
- Joined
- Jan 16, 2018
- Messages
- 15
- Reaction score
- 7
We all know the boat market is pretty crazy right now but how long does everyone think this will last? Will it Plato? Will it drop? Or will it keep climbing?
I was thinking the market was going to Socrates.
I agree with this and am even thinking about selling my over priced house and buying multiple houses after Biden destroys the economy.If your selling, do it now, if your buying wait a year or two!
The current Market is that boats that were built in Early 2000's and only go 65mph are being listed for 89,000.00.
Smart money does'nt fall for that trap
My son just sold his 45 year old Spectra 20 jet with a Ford in it for 20k. We felt this is the plateau and decided to do it. The money won’t be there this time next year. So if your going to do it do it now. Only reason he sold it was he knew he would never get that much for it again.
I was thinking the market was going to Socrates.
No but I see similar makes and models being listed for the same price range that they would have commanded a couple of years ago.You have it listed? No bites?
Honestly you have to get it out there to get a feel. I just sold two boats over the last 3 months. I used Here, Offer UP, Str8up Toy Trader and Craigslist.No but I see similar makes and models being listed for the same price range that they would have commanded a couple of years ago.
I wasn't actually looking to sell it, just kind of keeping my eye on the market and feeling a little left out. You may be right, if I actually listed it there may be a bidding war to get it.Honestly you have to get it out there to get a feel. I just sold two boats over the last 3 months. I used Here, Offer UP, Str8up Toy Trader and Craigslist.
For some reason my boat hasn't appreciated in price. Not that it's anything special just a Rinker deck boat but I see all these other boats that are also nothing special going for outlandish prices.
All I can say is that everything has become more expensive and I have not been paid given a raise at my jobs.
Do to the fact I don't live beyond my means and have savings, I am able to still enjoy hobbies and pay for fuel. But at what point do the scales tip and it starts to becomes what we all know its going to happen?
I think there was some people that pulled 401k's without the penalty last year, but i doubt that is why everything is so crazy. I don't get it either, whatever it is i missed the memo lol, still a broke ass hourly worker.Are people cashing out their 401k's or SEP IRA's and taking the tax hit? That would be bizarre, but the money has to come from somewhere, whether it be a new house, boat, or whatever? Far as I can tell nobody is suddenly making double the amount of $ on a large scale. Yes some have done very well during the last year, and others have suffered severely.
Yes apparently I missed it too. I felt lucky that I was able to do a refi to lower interest rates on property and I never stopped working. I made about the same as the previous years, but I don't suddenly have excess money to blow on over priced houses or boats... I know folks are taking 20-30 year loans on stuff but, when I hear about all the cash buyers on houses and toys I can't help but wonder where the f... is the cash coming from.I think there was some people that pulled 401k's without the penalty last year, but i doubt that is why everything is so crazy. I don't get it either, whatever it is i missed the memo lol, still a broke ass hourly worker.
We sold our property in Willow Valley last month. Two of the three offers were contingent on them pulling money out of their current homes.Yes apparently I missed it too. I felt lucky that I was able to do a refi to lower interest rates on property and I never stopped working. I made about the same as the previous years, but I don't suddenly have excess money to blow on over priced houses or boats... I know folks are taking 20-30 year loans on stuff but, when I hear about all the cash buyers on houses and toys I can't help but wonder where the f... is the cash coming from.
Alot of the money is coming from PPP loans. Once the gov stops giving free money, its gonna be ugly.
Alot of the money is coming from PPP loans. Once the gov stops giving free money, its gonna be ugly.
I agree. I was not in the boat market due to the insane prices. But, good floats still come along. Def dont push it and go on craigslist at this exact moment and buy something. Take your time and wait for the right boat. I think we are in it with these prices for 2 more years but it will 100% crash.I listed my boat for a realistic price, that was still higher than I paid OTD new in 2018, and had a cash buyer within 24 hours. First guy who contacted me bought the boat. The market is still hot for clean boats listed at fair prices. Will be interesting to see if rising fuel prices slow the market down.
Alot of the money is coming from PPP loans. Once the gov stops giving free money, its gonna be ugly.