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$40k, really?

hallett21

hallett21

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Flynryan said:
Id say $25k ish
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I hear yea but given what’s going for 20-30. I’d say the original boat would probably go for 35-40



2000 Sanger V210 Competition Tow boat in great condition! - boats -...

CALL MORGAN @ 9 2 8 – 3 0 2 – 9 0 1 3 2000 Sanger V210 Competition Tow boat in great condition! This is a one owner boat powered by a Mercury Black Scorpion EFI 315 HP motor that runs great! It is...
mohave.craigslist.org

2020 Hurricane Deck Boat - boats - by owner - marine sale

2020 Hurricane deck boat. Mercury 115 4 stroke. Sweet boat. Very fast. Bimini top
mohave.craigslist.org

1998 Essex Sterling Boat - boats - by owner - marine sale

1998 Essex Sterling 21'. Great condition. I/O Merc Cruiser 350 with Bravo 3 outdrive. New Engine with under 100 hrs. Blutooth stereo system. Extreme dual axle trailer. $24,900 obo. Contact Rob.
mohave.craigslist.org

1996 Laveycraft 21XtiSki open bow - boats - by owner - marine sale

Runs drives great Engine and drive just serviced 1/05/21 New impeller! Bad ass stereo Bluetooth 3 amps 10 speakers 2 subwoofers!! Hensley dual axle trailer with new led lights!!! Surge brakes just...
mohave.craigslist.org


1996 Eliminator 236 Open Bow - boats - by owner - marine sale

1996 Eliminator open bow 236, comes with 454 Magnum MPI 385hp. Easy 65mph boat Seats 10, walk through mid cuddy. Boat is extremely clean for the year. 500 hours on original engine and drive. 3rd...
mohave.craigslist.org



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Flynryan

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hallett21 said:
I hear yea but given what’s going for 20-30. I’d say the original boat would probably go for 35-40



2000 Sanger V210 Competition Tow boat in great condition! - boats -...

CALL MORGAN @ 9 2 8 – 3 0 2 – 9 0 1 3 2000 Sanger V210 Competition Tow boat in great condition! This is a one owner boat powered by a Mercury Black Scorpion EFI 315 HP motor that runs great! It is...
mohave.craigslist.org

2020 Hurricane Deck Boat - boats - by owner - marine sale

2020 Hurricane deck boat. Mercury 115 4 stroke. Sweet boat. Very fast. Bimini top
mohave.craigslist.org

1998 Essex Sterling Boat - boats - by owner - marine sale

1998 Essex Sterling 21'. Great condition. I/O Merc Cruiser 350 with Bravo 3 outdrive. New Engine with under 100 hrs. Blutooth stereo system. Extreme dual axle trailer. $24,900 obo. Contact Rob.
mohave.craigslist.org

1996 Laveycraft 21XtiSki open bow - boats - by owner - marine sale

Runs drives great Engine and drive just serviced 1/05/21 New impeller! Bad ass stereo Bluetooth 3 amps 10 speakers 2 subwoofers!! Hensley dual axle trailer with new led lights!!! Surge brakes just...
mohave.craigslist.org


1996 Eliminator 236 Open Bow - boats - by owner - marine sale

1996 Eliminator open bow 236, comes with 454 Magnum MPI 385hp. Easy 65mph boat Seats 10, walk through mid cuddy. Boat is extremely clean for the year. 500 hours on original engine and drive. 3rd...
mohave.craigslist.org



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maybe you are right. Just seems like a shit load of money for it. I wonder if the boats you listed are selling?
 
Ace in the Hole

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HTMike said:
The boat market is about to change drastically. What are sales going to look like when fuel is $5 a gallon and interest rates start to sky rocket ?
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Gas will impact it, and i think a lot of the finance crowd may be in trouble later this year...but never forget that a lot of people have/had cash to buy their boats outright.. The order books at most of the builders are out a while...I think the market will stay strong for a while until the bottom falls out of the finance market which is going to be accelerated by basement biden's anti american jobs/anti oil campaign. I see the cracks here in texas already.
 
hallett21

hallett21

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HTMike said:
The boat market is about to change drastically. What are sales going to look like when fuel is $5 a gallon and interest rates start to sky rocket ?
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I don’t see interest rates sky rocketing in the next 2-4 years. If fuel hits $5 people will just not boat as far.

Granted we run an outboard. But fuel at $3 a gallon = $350-400 including boat and truck. At $5 it would be $600.

$200 is cheap when talking about boating lol.

Edit: this figures on us skiing and boating 50+ miles a day for 3 days


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rrrr

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HTMike

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hallett21 said:
I don’t see interest rates sky rocketing in the next 2-4 years. If fuel hits $5 people will just not boat as far.

Granted we run an outboard. But fuel at $3 a gallon = $350-400 including boat and truck. At $5 it would be $600.

$200 is cheap when talking about boating lol.
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So people going to continue over paying for 20 year old boats even after fuel goes way up again ?
 
Ace in the Hole

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hallett21 said:
I don’t see interest rates sky rocketing in the next 2-4 years. If fuel hits $5 people will just not boat as far.

Granted we run an outboard. But fuel at $3 a gallon = $350-400 including boat and truck. At $5 it would be $600.

$200 is cheap when talking about boating lol.


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agreed...yellen will want to keep interest rates low for government borrowing...I expect those to stay low for a yearish maybe longer..depending on the scamdemic...but thats just my opinion.

Boats are supply and demand... The 08 shit killed a lot of production which now leads to a shortage of used boats...which means higher priced used, and more new demand. I can tell you with absolute certainty that we bought new, bc i thought it was stupid to be paying 100k for a 15-20 yo boat. BTW i fuckin' love our x-flight. 😝
 
HTMike

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A lot of people are not looking at the credit crisis thats on deck later this year either. Bidet put a moratorium on foreclosures and evictions until September 30,2021. Gas at $5 and a lot of jobs gone away forever, I think its going to be changing pretty quick.
 
Ace in the Hole

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HTMike said:
A lot of people are not looking at the credit crisis thats on deck later this year either. Bidet put a moratorium on foreclosures and evictions until September 30,2021. Gas at $5 and a lot of jobs gone away forever, I think its going to be changing pretty quick.
Click to expand...

It's coming we all know it... Im watching the subprime car loan default number as a metric.. Second im watching the normal stuff. If he keeps killing jobs at this rate (70k the first day), we're in trouble..especially with the opening of the immigrant floodgates.

My lenders (for our customers) have tightened up hard... IMO this who scenario is fubar..unprecedented, and nothing previous is a good predictor..were fucked, and i just hope the dollar doesn't become toilet paper.
 
hallett21

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HTMike said:
A lot of people are not looking at the credit crisis thats on deck later this year either. Bidet put a moratorium on foreclosures and evictions until September 30,2021. Gas at $5 and a lot of jobs gone away forever, I think its going to be changing pretty quick.
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I think we’re in for a ride. But I’m sure there will be a lot of money printing between now and then.

Meaning it’ll take longer to happen but the consequences will be worse. I think they’ll keep it a float until term 2 then let it rip.

If the economy fails before then, Biden/Harris will be out of the White House.


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HTMike

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Ace in the Hole said:
It's coming we all know it... Im watching the subprime car loan default number as a metric.. Second im watching the normal stuff. If he keeps killing jobs at this rate (70k the first day), we're in trouble..especially with the opening of the immigrant floodgates.

My lenders (for our customers) have tightened up hard... IMO this who scenario is fubar..unprecedented, and nothing previous is a good predictor..were fucked, and i just hope the dollar doesn't become toilet paper.
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Agreed. Very scary times ahead and a lot of friends of mine are spending money like water. This feels a lot like late 2008. Where are you getting your data for sub prime car loan defaults ? I KNOW that number as of today has to be a metric amount of ugly.
 
HTMike

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hallett21 said:
I think we’re in for a ride. But I’m sure there will be a lot of money printing between now and then.

Meaning it’ll take longer to happen but the consequences will be worse. I think they’ll keep it a float until term 2 then let it rip.
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Its not going to last till the end of the year. I don't care how much money they print. How did the housing crisis start in 2009 ? This is the same thing except everything in the economy is going to be decimated on the lending side with a big side order of job loss.
 
Ace in the Hole

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HTMike said:
Agreed. Very scary times ahead and a lot of friends of mine are spending money like water. This feels a lot like late 2008. Where are you getting your data for sub prime car loan defaults ? I KNOW that number as of today has to be a metric amount of ugly.
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I'll pm you a link, its on my work laptop which apple has for repair right now.
 
hallett21

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HTMike said:
Its not going to last till the end of the year. I don't care how much money they print. How did the housing crisis start in 2009 ? This is the same thing except everything in the economy is going to be decimated on the lending side with a big side order of job loss.
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Housing crisis started/ended (not sure which is more important) based upon lending to unqualified buyers.

And the end result was bailing out the banks. Which I was in high school for, but that was paid for by printing money I believe.

Today all types of people have been effected. The glaring one being commercial and residential rental property owners. As well as small business owners and “non-essential” employees.

I don’t pretend to know the answers. But the .Gov never has the same repercussions you or I have when they make poor financial choices.


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HTMike

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hallett21 said:
Housing crisis started/ended (not sure which is more important) based upon lending to unqualified buyers.
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Right. People who couldn't pay the loan in the first place and people who were playing hot potato as house prices were sky rocketing. Noticing a pattern ?

Today, there are people in very expensive houses that have not payed a mortgage payment since June 2020 and don't plan to pay until the end of this year. Not to mention the hot potato on over priced houses. Commercial property will be damn near net zero as many industries have been vanquished.

September 30, 2021 is coming.
 
RodnJen

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HTMike said:
A lot of people are not looking at the credit crisis thats on deck later this year either. Bidet put a moratorium on foreclosures and evictions until September 30,2021. Gas at $5 and a lot of jobs gone away forever, I think its going to be changing pretty quick.
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What credit crisis?
 
Ace in the Hole

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RodnJen said:
What credit crisis?
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You aren't serious are you? You're about to see consumer lending pucker up tighter than a snare drum. Our baseline credit requirements used to be 730+ for prime, 640 minimum...i can't even write a loan for someone under 700 right now.
 
HTMike

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RodnJen said:
What credit crisis?
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Commercial, housing, credit, auto, student loan. Its federally mandated that you cannot foreclose, evict or reposes any assets until September 30,2021 due to the pandemic. How many people that have been sitting at home not working are going to have 12+ months of payments saved up that WILL BE DUE on October 1, 2021 ?

That crisis.
 
RodnJen

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Ace in the Hole said:
You aren't serious are you? You're about to see consumer lending pucker up tighter than a snare drum. Our baseline credit requirements used to be 730+ for prime, 640 minimum...i can't even write a loan for someone under 700 right now.
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HTMike said:
Commercial, housing, credit, auto, student loan. Its federally mandated that you cannot foreclose, evict or reposes any assets until September 30,2021 due to the pandemic. How many people that have been sitting at home not working are going to have 12+ months of payments saved up that WILL BE DUE on October 1, 2021 ?

That crisis.
Click to expand...

Here are the delinquency rates, not that bad. It may get worse but vaccinations are up so the economy should expand.

FRB: Charge-Off and Delinquency Rates on Loans and Leases at Commercial Banks

The Federal Reserve Board of Governors in Washington DC.
www.federalreserve.gov
 
hallett21

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HTMike said:
Right. People who couldn't pay the loan in the first place and people who were playing hot potato as house prices were sky rocketing. Noticing a pattern ?

Today, there are people in very expensive houses that have not payed a mortgage payment since June 2020 and don't plan to pay until the end of this year. Not to mention the hot potato on over priced houses. Commercial property will be damn near net zero as many industries have been vanquished.

September 30, 2021 is coming.
Click to expand...

I think the best you can do on a loan today is 50% LTV including all current debt. And that’s with a great credit score and pay stubs showing stable income.

Self employed people have to show 2 years of income with no reduction between 1st and second year.

I’m far from a mortgage broker but that’s my understanding. @OldSchoolBoats


Not saying you’re not correct. But it seems like the average home owner today can “afford” their home. Of course that was before people lost their jobs etc.

However this shakes out residential feels safer since everyone needs to live somewhere. You don’t have to have a commercial space to run a lot of businesses.

I have no idea what I would do if I owned a vacant commercial property right now.


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OldSchoolBoats

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hallett21 said:
I think the best you can do on a loan today is 50% LTV including all current debt. And that’s with a great credit score and pay stubs showing stable income.

Self employed people have to show 2 years of income with no reduction between 1st and second year.

I’m far from a mortgage broker but that’s my understanding. @OldSchoolBoats


Not saying you’re not correct. But it seems like the average home owner today can “afford” their home. Of course that was before people lost their jobs etc.

However this shakes out residential feels safer since everyone needs to live somewhere. You don’t have to have a commercial space to run a lot of businesses.

I have no idea what I would do if I owned a vacant commercial property right now.


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Come on man, you realize the forum you are on?? Housing has been about to crash since 2015 around here!! Forbearance rates are way down, delinquency is at record lows and getting a loan is ridiculously hard right now, especially for self employed. Want a bank statement loan? Be ready to pony up a good sized downpayment and have good credit.


Fuck man!! Try to buy a house right now with low down payment or FHA loan and you don't stand a chance. There are 20 buyers with good credit, great jobs and over 20% down for every house out here in my market right now. Supply is down 87%......

Makings of a housing crisis?? LOL [emoji38][emoji38]

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HTMike

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OldSchoolBoats said:
Come on man, you realize the forum you are on?? Housing has been about to crash since 2015 around here!! Forbearance rates are way down, delinquency is at record lows and getting a loan is ridiculously hard right now, especially for self employed. Want a bank statement loan? Be ready to pony up a good sized downpayment and have good credit.


Fuck man!! Try to buy a house right now with low down payment or FHA loan and you don't stand a chance. There are 20 buyers with good credit, great jobs and over 20% down for every house out here in my market right now. Supply is down 87%......

Makings of a housing crisis?? LOL
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Nobody wants the 2019 economy more than I do LOL. I don't give a fuck if an elephant is running the show. Where are you at ?
 
Nanu/Nanu

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double-sided-print.png


Double sided printer for sale $2500 o.b.o
Just needs cartridges and paper. Why wait on the feds to print your money when you can just diy!
 
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Guys this boat has upgrades and an anchor, that adds 15k right ?
 
Nanu/Nanu

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farmo83 said:
Guys this boat has upgrades and an anchor, that adds 15k right ?
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I saw that anchor, that's pretty badass. Oh and "LA VIDA" written on the back. Which I'm pretty sure means like el niño in the Navajo language. Pretty bitchin'!
 
OldSchoolBoats

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Ace in the Hole said:
subprime is what you need to watch, ill leave it at that.
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Sub Prime?? You mean like sub prime car loans??

This is 2021 man!! You will have to hop in your time machine and head back to 2006 to find those sub prime loans responsible for the last housing crash, because they aren't here.



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