Chuck Gould wrote:
On May 7, 7:43�am, HK wrote:
Chuck Gould wrote:
On May 7, 7:15?am, "NOYB" wrote:
Thank you, Madam Speaker. ?You're doing a bang-up job.
Actually, the percentage of your net worth required to purchase a boat
is probably plummeting. A softening retail environment for boats (the
little and some of the middle guys can't do the fuel costs) as well as
rampaging securities market put upper income professionals, like
dentists, into a pretty good position to buy right now.
"Boating is more affordable than ever!"
Nice rationalizations! Need a larger shovel?

Not at all.

The market is soft right now. Everybody used to laugh when somebody
would make a ridiculous offer on an older boat with a pair of 350-HP
gas engines and use the excuse, "I need to buy it that cheaply so I
can afford to repower with diesels". That line of logic isn't as
ridiculous these days.

Prices and demand for relatively fuel efficient boats both seem to be
holding up somewhat so far, but if you want something that will cost
$2000 to fill up for an ambitious 3-day weekend you can pick it up
pretty cheaply. Many of the guys who felt their boat didn't sell last
year because of high fuel prices and who thought this year might be
better are looking at the calendar, (mid May), and starting to chop
prices pretty aggressively.



Ahh, so as dumb as a boat purchase was previously, it's even dumber
down. Boats...the world's fastest depreciating asset? Fortunately,
Parkers are still a hot commodity.