JB in so cal
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In all reality this might be accurate to an extentEnd of summer 2023.
Right before any chance of the USA becoming a socialist country.
This. Once the boat is parked in the driveway and stops moving on the weekends, the shock of A) Finding a open storage place, and B) how much storage is, I think we will start seeing them.Once they realize they will have a boat payment and storage rental for months on something they won't be using.
Or when their PPP loan gets audited.
This. Once the boat is parked in the driveway and stops moving on the weekends, the shock of A) Finding a open storage place, and B) how much storage is, I think we will start seeing them.
This year many low wage jobs were eliminated but most high earning professional jobs were not effected. It takes a few quarters of really bad earnings due to recession for companies to form plans to cut, then probably another quarter for people to run low on savings after getting laid off. End of 2021 stuff goes on sale.
People are lazy, and most don't think past the purchase of the boat. Sorry, I should have excluded you and your 200k boat. My apologies.So everyone bought new boats with PPP funds, and stores their brand new $200k boat in their driveway and can’t afford storage?
Well homes do go up and down in cycles but eventually keep going up everytime.id take a home over a boat for long term.I haven’t see boats and homes do anything but rise in price....[emoji848]
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friend of mine was telling me earlier this summer rvs are selling because theres nothing else to do for vacations.Some are use to airline and resorts but those are out right now but you can get an rv and do something they havent done.Like LazyLavey said ... about RV’s ... gonna b crazy next year ... all the peeps that bought in 2020 will b rethinking their $200 a month storage costs and their $600 monthly payment and their $100 a month insurance cost and the fact that every park in the US is sold out ... gonna b some good deals coming up.
People are lazy, and most don't think past the purchase of the boat. Sorry, I should have excluded you and your 200k boat. My apologies.
Good, need me a covid camper.......Like LazyLavey said ... about RV’s ... gonna b crazy next year ... all the peeps that bought in 2020 will b rethinking their $200 a month storage costs and their $600 monthly payment and their $100 a month insurance cost and the fact that every park in the US is sold out ... gonna b some good deals coming up.
I would think cash out re-fi also played a big role.......Everyone that buys a boat knows they have to store it somewhere. How many new boats do you see in long term storage in people's driveways? Like none.
If they get sick of paying so much for something they barely use, that is another subject and yes that often happens.
These were not people making $20/hour buying new boats this year. It was people that already had money. Not having a kid or 2 in sports frees up enough money per month to own and store a boat.
I would think cash out re-fi also played a big role.......
I would think cash out re-fi also played a big role.......
Soon hang tight it’s coming your starting to see price dropping on boats and homes in havasu
No, not everyone. I'm sure we would both be surprised at how many people DO NOT have storage figured out for their boat at the time of purchase. The driveway is good enough for the time being, and they will put more thought into it later. When later comes, it's a shot in the arm.Everyone that buys a boat knows they have to store it somewhere. How many new boats do you see in long term storage in people's driveways? Like none.
If they get sick of paying so much for something they barely use, that is another subject and yes that often happens.
These were not people making $20/hour buying new boats this year. It was people that already had money. Not having a kid or 2 in sports frees up enough money per month to own and store a boat.
I'm watching the housing market close. I haven't seen much of a drop but I'm hoping to. I'm not hoping for a crash just a correction.Soon hang tight it’s coming your starting to see price dropping on boats and homes in havasu
And time...Everyone that buys a boat knows they have to store it somewhere. How many new boats do you see in long term storage in people's driveways? Like none.
If they get sick of paying so much for something they barely use, that is another subject and yes that often happens.
These were not people making $20/hour buying new boats this year. It was people that already had money. Not having a kid or 2 in sports frees up enough money per month to own and store a boat.
Everyone that buys a boat knows they have to store it somewhere. How many new boats do you see in long term storage in people's driveways? Like none.
If they get sick of paying so much for something they barely use, that is another subject and yes that often happens.
These were not people making $20/hour buying new boats this year. It was people that already had money. Not having a kid or 2 in sports frees up enough money per month to own and store a boat.
i kinda disagree, but it’s kinda because it’s not the 200k guys. The 35-80k guys are already scrambling it’s funny I’ve seen quite a few posts on other social media outlets already. These people were ok with the boat uncovered or covered but outdoors all summer when they were out every weekend but are not able to find storage now.
Few posts about wth i can’t even use the boat these months and still have to pay insurance ... posts.
And a few wth storage ishow much???
I personally would completely freak if i had to pay storage on a boat, but am also limited to my boat size do to my garage. I see people that are 1000+ a month for their Boat payment, insurance, & storage and that’s on a 40-60k boat that’s another house payment or child support payment each month.
I feel like the influx will be runabouts, pontoons, wakeboats not custom boats. Im sure there will be more inventory but not massive amounts. RV's on the other hand will be abundant.
I don’t think you will see the PPP boats come up as people who did that won’t be selling them anytime soon. As far as unemployment boats. That won’t happen! They didn’t buy boats
The people who bought boats had the money and are in the mid to upper middle class. Poor people don’t buy boats.
This influx of boats hitting the market will not exist
Keep dreaming
I disagree. The people buying 200k boat and motor homes have money. Have jobs.Like LazyLavey said ... about RV’s ... gonna b crazy next year ... all the peeps that bought in 2020 will b rethinking their $200 a month storage costs and their $600 monthly payment and their $100 a month insurance cost and the fact that every park in the US is sold out ... gonna b some good deals coming up.
I disagree. The people buying 200k boat and motor homes have money. Have jobs.
they are now spending different.
no vacation on planes. No eating out 6 times a week on and on
another dooms day thread. Will boat and rv possibly drop 10%? Great, that’s 20000 off a boat most can’t buy anyways.
It’s fake economy printing cash and lowering interest rates does nothing for middle income people maybe you have major cash sitting but most of it is in equity of home or a retirement package which will be taxed personally I have not said recession but I have said it’s a fake economy
It’s fake economy printing cash and lowering interest rates does nothing for middle income people maybe you have major cash sitting but most of it is in equity of home or a retirement package which will be taxed personally I have not said recession but I have said it’s a fake economy
How many times have I heard that the last 8 years, lol.
In all seriousness everything we know about the economy is predicated on what happens November 3rd. Trump win = Economic Recovery in 2021 then Status Quo the next 3+ years. (Ie: Boat prices continue to rise as well as personal income and corporate profits)
Biden win = Economic Depression and Double Digit Inflation begins as Big and Small Businesses stop investing as Trump Tax Cuts rescinded, and larger corporate and personal tax rates increased to pay for Green New Deal and other Liberal Pipe Dreams. (Ie: Boat prices drop drastically but nobody can buy one as unemployment and petroleum prices skyrocket)