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Atom Ant

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Posts posted by Atom Ant

    2nd hand yacht prices = ridiculous

    in MarineTalk

    Posted

    I doubt hard storage around here will be any cheaper. I could take it out of the water, put it on a truck and stick it on my lawn, but the cost of removing the mast, trucking it all of 3 km to my place from the marina, and then the reverse will cost quite a bit and then if I want to go for a putt, I won't be able to, which currently I can still do on no wind days.

     

    I like sitting on the boat in the marina. It's my blokes shed and I'd be screwed without one of those.

    2nd hand yacht prices = ridiculous

    in MarineTalk

    Posted

    Agreed but in any market, people who are in trouble and need the readies quickly inevitably sell for below "market" value. Wether that market is buoyant or depressed. I can wait. I even have kind friends who have offered to sail my boat for me while I am unable to. You see what a great community this is!

    2nd hand yacht prices = ridiculous

    in MarineTalk

    Posted

    Royale your post sounds rational and well considered. But it's because you use words like reasonable and fair. What gets me are the ones who expect a Rolls Royce for the price of a mini. And I agree wholeheartedly that a boat in top condition is worth paying top dollar for. It will in the end cost a whole lot less and will be out on the water more often rather than being repaired.

     

    If history repeats itself as it has done over many many decades, boat prices will follow real estate in approximately 12 - 18 months. If I were selling my boat (which I am) I would hang onto it for another year or so rather than flog it off for next to nothing. The money it costs me to keep it for another year won't come close to the amount of money I'd lose in order to sell it to a bargain hunter. I'd suggest right now is the best time to buy.

     

    Riverjim of course there's no comparison between a Chico or Cav 32 and a new boat, but if the "market" gets the shits with all the cheapo's out there and withdraws all the second hand boats for sale (ok it's an extreme extrapolation but just roll with it for the sake of discussion), then eventually even those old boats will become worth something. It's called supply and demand. Currently supply is greater than demand, but it will change, because it always does.

     

    I agree with living within our means, but if someone doesn't have the means to buy a good boat at a fair price, then why do they expect someone to throw it away for nothing?

     

    In my experience the market works like this:

    When I'm selling, the bottom has dropped out of the market, especially whatever sort of boat it is that I am trying to sell. It's a buyers market apparently. The instant I have sold my boat and am looking for a replacement, the market changes, within a nanosecond and the boat I want is a much sought after type and I'd better hurry up and get my cheque book out. It has become a sellers market before the ink has dried on the sale contract of my boat. :?

    2nd hand yacht prices = ridiculous

    in MarineTalk

    Posted

    Of course the obvious conclusion of saying the market is still too expensive is to simply not buy a second hand boat. Vendors won't sell to the people who won't pay a reasonable price (because let's face it, you've said the condition of the boat is irrelevant which really means you want an excellent boat at a bargain basement price) and the people who want to pay bugger all but get a second hand boat in excellent condition will never meet. End result? The second hand market stagnates and dies and no one buys second hand boats, so the price of new boats goes sky high because they're the only thing in town.

     

    I say if you won't pay a reasonable price for a second hand boat, go and pay 250K plus for a new one. Or give up boating and play tiddly winks because that can be bought for next to nothing.

    This Weekend's Achievements

    in MarineTalk

    Posted

    Saturday I had to work but was happy in the knowledge that my PVR was going to record the VOR harbour race. Got home only to find that alghough it was set to the right time and channel, for some reason it had a still shot of the green screen for parliament tv. Talk about pissed off! I checked the settings and it was set for the correct time and channel so don't know what happened there!

     

    Today, I mowed the lawns, stopped to watch the VOR re-start then finished the lawns. Great weekend - NOT!

    This Weekend's Achievements

    in MarineTalk

    Posted

    The 3 Baker brothers re-launched their Young 8.4 at Weiti over the weekend. Looks pretty good, and given their reputations as top dinghy sailors, no doubt they'll be a tough edition to the Weiti fleet.

    also ..where are the life lines that go around the boat? they still to be fitted?

    yes indeed.

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