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.

"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.

Say, Tom, did I see Andiomo back on the mooring at Willard Beach or was it
just a similar looking boat?

--
Roger Long

"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

*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.

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

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

"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

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.

Duhh... Clinton did it (you pick which one) because Karl (Achtung) Rove said
so.

Yeah, they, in the developing world, know what the definition of poor is.

wrote in message
...
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.



--
"j" ganz @@
www.sailnow.com