The state of used boat market

Yes, sure, go out and buy a boat, car, house, fill-in-the-blank, now, at the peak of the market. The curve is turning downward, anyone that doesnt know this doesnt watch the economy. Demand is just starting to soften, as soon as Supply and Demand lines intersect it becomes a buyers market.

Why would anyone buy during a sellers market? :confused:
 
El Capitan said:
Yes, sure, go out and buy a boat, car, house, fill-in-the-blank, now, at the peak of the market. The curve is turning downward, anyone that doesnt know this doesnt watch the economy. Demand is just starting to soften, as soon as Supply and Demand lines intersect it becomes a buyers market.

Why would anyone buy during a sellers market? :confused:
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If nobody bought during a sellers market, there would be no market. No economy. Nothin. Not even a curve to talk about.

In fact it’s people buying that creates a sellers market. Strange.
 
Stee6043 said:
If nobody bought during a sellers market, there would be no market. No economy. Nothin. Not even a curve to talk about.

In fact it’s people buying that creates a sellers market. Strange.
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I guess it’s true what they say. A sucker is born every minute.
 
dvx216 said:
So at 61 yrs. old we're thinking about our last bigger boat. Currently have a 2000 310 Da. that we've had going on six seasons . In this time everything has been updated from electronics , flooring , upholstery and custom wood work nothing to over the top. Hardwood steps and drawer units under the dinette seats to hardwood unit under V birth and a road trailer I had built for the boat. We are interested in moving up to a 1998-2003 340Da. mainly because of the island bed. Right now in the Great Lakes area seems to be slim pickings. What I'm seeing is the ones that are for sale have not been updated and are over priced. Owning a 22 yr. old boat I know everything is showing it's age. I would consider buying a boat that hasn't been updated but not at the prices I'm seeing.
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Ask @Carver370 to help you. He is an excellent broker and can help you find and value what you want.
 
I sold my 1995 Silverton 41C about two weeks ago. I want to downsize to an express model since I am planning to retire hopefully next year. I am trying to find a 340 but when you find one it is either trashed or overpriced.
 
Stee6043 said:
For kicks - why would anyone choose to sell in a buyers market? Also suckers I have to assume?
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Sellers in a Buyers market are typically those that need or desperately want to sell due to changes in their financial position. Stock Market losses (-19%+ to date), Job loss (or decline of bonuses/overtime), divorce, health are the big catalysts but throw in being over-extended and add some inflation plus a doubling of fuel prices and those that were on the edge of financial problems get pushed over and need to sell the boat... or it's repossesed.

I've seen this scenario play out when I entered the workforce in the 1990-91 recession, again in 2000-01, and again (big time) in 2007.

Not everyone is sitting on a pile of cash ready to weather any life change or a financial storm and a storm is headed this way.
 
Ken Wolkens said:
Sellers in a Buyers market are typically those that need or desperately want to sell due to changes in their financial position. Stock Market losses (-19%+ to date), Job loss (or decline of bonuses/overtime), divorce, health are the big catalysts but throw in being over-extended and add some inflation plus a doubling of fuel prices and those that were on the edge of financial problems get pushed over and need to sell the boat... or it's repossesed.

I've seen this scenario play out when I entered the workforce in the 1990-91 recession, again in 2000-01, and again (big time) in 2007.

Not everyone is sitting on a pile of cash ready to weather any life change or a financial storm and a storm is headed this way.
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But then, there are those numbskulls that are members here who have stated they would walk away from a loan obligation if they were "upside-down" on their boat; leaving us the more responsible in the end with their problem.
 
ttmott said:
But then, there are those numbskulls that are members here who have stated they would walk away from a loan obligation if they were "upside-down" on their boat; leaving us the more responsible in the end with their problem.
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There was a ton of this in the 2007-2009 time frame that made the repo guys happy. Those boats get "retailed" at "wholesale" prices and further push overall prices down because sales typically have to compare to comps. I hope we never get there again but history tends to repeat itself for those that don't learn life lessons.
 
Ken Wolkens said:
Sellers in a Buyers market are typically those that need or desperately want to sell due to changes in their financial position.
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Yer saying the majority of people selling in a buyers market need to sell due to some level of distress? Seems like a stretch. But hey, I'm no economist...
 
El Capitan said:
Yes, sure, go out and buy a boat, car, house, fill-in-the-blank, now, at the peak of the market. The curve is turning downward, anyone that doesnt know this doesnt watch the economy. Demand is just starting to soften, as soon as Supply and Demand lines intersect it becomes a buyers market.

Why would anyone buy during a sellers market? :confused:
Click to expand...
We have new neighbors that have decided they like to party every god damned night of the week. Tried talking to them, calling the police, nothing changes. That leaves us with house shopping during a sellers market. It beats prison time. Cape Coral is looking pretty nice at the moment. If I can hold off moving until the market crashes we will likely buy a property there.
 
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Ken Wolkens said:
There was a ton of this in the 2007-2009 time frame that made the repo guys happy. Those boats get "retailed" at "wholesale" prices and further push overall prices down because sales typically have to compare to comps. I hope we never get there again but history tends to repeat itself for those that don't learn life lessons.
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Yup, and I was a buyer then. I purchased the 2001 Regal 3780 as a bank repo, did well, sold it because of a divorce 2+ years later for a nice profit. See, it does "pay" to get a divorce :)

Lost my shirt on the rental property we owned though.
 
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Bringing up this thread again. …
I am starting to see (in my area) a lot of mid 20k boats suddenly dropping to low teens.
Not years, dollars. Like 2000 - 2006 260s pushing as low as 12k. I am starting to feel panic in the ads that some sellers are felling.
Everyone needs at least 3 to 5k improvement. Canvas, water heater,upholstery, etc, but starting to get a sense of panic in some sellers.
Came across a nice 92 270 in western state. I made a comment to owner that I loved the boat and color. He was begging me to come get it and would drop price to what I could afford, needs it gone. Are we seeing panic selling?
 
Here on Lake Erie I am looking for a 340 and as soon as one hits the market it is gone!
 
jmauld said:
We have new neighbors that have decided they like to party every god damned night of the week. Tried talking to them, calling the police, nothing changes. That leaves us with house shopping during a sellers market. It beats prison time. Cape Coral is looking pretty nice at the moment. If I can hold off moving until the market crashes we will likely buy a property there.
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Sell and rent until the market crashes.
 
So, today it occurred to me. Kids gone. Son in California, Daughter living the Electric Kool Aid Acid Test Gypsy life.
House paid off. Thinking WTF, we like Oxford. Why not move there? Got nothing here.
 
So anyway, not selling mine. This weekend my boat was amazing. After all that work we did last year. It climbed on plane at 2600, scooted across a mild chop at 3000 doing 28mph. All gauges reading great, 155 degrees. Took 2 summers but it’s running great. All systems a go. Happy happy joy joy.
upload_2022-7-6_19-56-40.jpeg
 
Pirate Lady said:
So anyway, not selling mine. This weekend my boat was amazing. After all that work we did last year. It climbed on plane at 2600, scooted across a mild chop at 3000 doing 28mph. All gauges reading great, 155 degrees. Took 2 summers but it’s running great. All systems a go. Happy happy joy joy.
View attachment 130060
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That's a wonderful feeling!
 
jmauld said:
We have new neighbors that have decided they like to party every god damned night of the week. Tried talking to them, calling the police, nothing changes. That leaves us with house shopping during a sellers market. It beats prison time. Cape Coral is looking pretty nice at the moment. If I can hold off moving until the market crashes we will likely buy a property there.
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That sucks. I got lucky, I guess. Our new neighbors did the same for almost a year. About two months ago, cops hauled the mom off on a warrant. Kids are gone somewhere now and the place has been silent since. Blessed.
 
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