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#1
posted to rec.boats.cruising
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Just a thought ;; there will be some very good bargains ..
As the banking, investment banking, wall street,, on the on .. goes down the
****ter .. and the economy follows ... for those that have some cash, I'm thinking that there will be some super deals on boats [sailboat, in particular]. What you say. |
#2
posted to rec.boats.cruising
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Just a thought ;; there will be some very good bargains ..
"Thomas, Spring Point Light" wrote in message news:WAiAk.367$pp3.134@trnddc06... As the banking, investment banking, wall street,, on the on .. goes down the ****ter .. and the economy follows ... for those that have some cash, I'm thinking that there will be some super deals on boats [sailboat, in particular]. What you say. Large gas hungry motor boats will take the greatest hit-but who is going to want to buy? There will be a move towards sailboats by people without any clue how to sail them. |
#3
posted to rec.boats.cruising
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Just a thought ;; there will be some very good bargains ..
Say, Tom, did I see Andiomo back on the mooring at Willard Beach or was it
just a similar looking boat? -- Roger Long |
#4
posted to rec.boats.cruising
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Just a thought ;; there will be some very good bargains ..
"Gogarty" wrote
So you may be able to buy a boat cheap but you might have to pay cash for it. At probable prices, that shouldn't be a problem for anyone who can afford the upkeep and maintenance. Used sailboats are going to be like some of those cell phone deals or how Gillette became big in razor blades. The boat will be essentially free but it's still going to cost a lot to keep and maintain them. Yard and dockage costs are the same for the 32 footer I bought for 15 grand as they would be for a brand new, 250 grand, 32 foot Morris. OTOH the stock of used sailboats got dramatically reduced last week except for those interested in restoration projects. -- Roger Long |
#5
posted to rec.boats.cruising
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Just a thought ;; there will be some very good bargains ..
*So you may be able to buy a boat cheap but you might have to pay cash for
it. At probable prices, that shouldn't be a problem for anyone who can afford the upkeep and maintenance. * But the cost of inflation will make sure that the $$$ you have are greatly reduced in purchasing value; plus, the cost of maintenance, etc. will escalate by the same value % of what you lost in capital value ..... double whammy = your money is now less valuable and everything will cost a LOT more. Two 'characters' are essentially and primarily responsible for all this - senate banking and house banking committees. These two vital congressional committees for the past 10 years (!!!!!) saw that the underpinnings of the financial system (Fanny Mae and Freddy Mac) were increasingly weakened to the point of corrupt, gave no warnings, and simply sat on their dead asses. The chairmen (Dodd and Frank) of these committees are leading socialistic members of the US Congress. This is the 'change' that everyone voted for in 2006; I hope you all are happy now. |
#6
posted to rec.boats.cruising
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Just a thought ;; there will be some very good bargains ..
I won't touch the politics but the rest is close to my essential point.
Used sailboat prices have been incredibly depressed over the last decade because just the cost of keeping a boat is too high for something many people only end up using once or twice a year. Inflation and investment losses will make it impossible for many people to keep maintaining the boats they have and prices will go even lower, a trap for dreamers. I used to have people come to me who wanted to convert my designs to ferro cement because they just figured out they could build a 45 foot hull for $6000. I'd say, "Look at your financial situation. If someone GAVE you a 45 foot unfinished hull right now, you would be immediately in deep financial trouble because you would be responsible for the costs of storing it. How are you going to find the $100,000 for materials to finish it? (Assuming funky ferro cement style finish and outfit.) If someone gave you an operating 45 foot boat right now you would be in immediate financial crisis because you wouldn't be able to afford the $10,000 a year to dock and maintain it." It was tough watching the light of dreams die in someones eyes but it was a necessary service. -- Roger Long |
#7
posted to rec.boats.cruising
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Just a thought ;; there will be some very good bargains ..
RichH wrote:
But the cost of *inflation will make sure that the $$$ you have are greatly reduced in purchasing value; plus, the cost of maintenance, etc. will escalate by the same value % of what you lost in capital Just wait until Uncle Sam loses his AAA+ bond rating. Two 'characters' are essentially and primarily responsible for all this - senate banking and house banking committees..... simply sat on their dead asses. *The chairmen (Dodd and Frank) of these committees are leading socialistic members of the US Congress. This is the 'change' that everyone voted for in 2006; I hope you all are happy now. I know you want to say, it, go ahead and get it out of your system... IT'S ALL CLINTON'S FAULT!!!! The problems in the insurance & finance sector never really were cured from the 1987 meltdown under President Reagan. It's been building a long time; but if the smart bankers like AIG and UBS didn't see it coming then how do you expect a bunch of dumb politicians? Especially when most of them are being "lobbied" by the very crooks they are supposed to be protecting us from. Dodd & Frank may be "Socialistic," but the "free-market" Republicans certainly share a lot of the blame... why didn't they do a better job during the 14 years *they* had a strong majority, hmm??? I think it may be time to build a fence around Washington DC and simply hang everybody inside from the nearest lamp post. Let God sort 'em out. DSK |
#8
posted to rec.boats.cruising
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Just a thought ;; there will be some very good bargains ..
Dave wrote:
On Thu, 18 Sep 2008 05:52:56 -0700 (PDT), RichH said: Two 'characters' are essentially and primarily responsible for all this - senate banking and house banking committees. These two vital congressional committees for the past 10 years (!!!!!) saw that the underpinnings of the financial system (Fanny Mae and Freddy Mac) were increasingly weakened to the point of corrupt, gave no warnings, and simply sat on their dead asses. The chairmen (Dodd and Frank) of these committees are leading socialistic members of the US Congress. This is the 'change' that everyone voted for in 2006; I hope you all are happy now. You left Chuck Shumer out of your cavalcade of heroes. He was right there alongside Barney a few weeks ago leading the cheering section for Fan and Fred to buy more mortgages. Wait a minute Dave. Didn't you tell me the gummint had nuttin to do with the problems? Gordon |
#9
posted to rec.boats.cruising
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Just a thought ;; there will be some very good bargains ..
"Gordon" wrote in message
news Dave wrote: On Thu, 18 Sep 2008 05:52:56 -0700 (PDT), RichH said: Two 'characters' are essentially and primarily responsible for all this - senate banking and house banking committees. These two vital congressional committees for the past 10 years (!!!!!) saw that the underpinnings of the financial system (Fanny Mae and Freddy Mac) were increasingly weakened to the point of corrupt, gave no warnings, and simply sat on their dead asses. The chairmen (Dodd and Frank) of these committees are leading socialistic members of the US Congress. This is the 'change' that everyone voted for in 2006; I hope you all are happy now. You left Chuck Shumer out of your cavalcade of heroes. He was right there alongside Barney a few weeks ago leading the cheering section for Fan and Fred to buy more mortgages. Wait a minute Dave. Didn't you tell me the gummint had nuttin to do with the problems? Gordon Yeah he did, but that's typical of right-wing nuts. Even Greenspan has admitted some responsibility. -- "j" ganz @@ www.sailnow.com |
#10
posted to rec.boats.cruising
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Just a thought ;; there will be some very good bargains ..
On Sep 18, 7:16*am, Dave wrote:
On Thu, 18 Sep 2008 05:52:56 -0700 (PDT), RichH said: Two 'characters' are essentially and primarily responsible for all this - senate banking and house banking committees. ... You left Chuck Shumer out of your cavalcade of heroes. He was right there alongside Barney a few weeks ago leading the cheering section for Fan and Fred to buy more mortgages. It's all political name calling at this point but http://bigpicture.typepad.com/commen...tory-exem.html is interesting. To put a sailing bent on it my plan is to go cruising in the developing world; a place where everyone understands that most folks are broke. -- Tom. |
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