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#1
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![]() wrote in message oups.com... snip...... There is a simple answer to your question concerning boat depereciation. The boat that sold for $100,000 ten years ago and still brings $100,000 today does so not because the boat hasn't aged or worn out, but because the same boat today now sells for $200,000 new. Used boat prices are justified by comparing to the cost of purchasing the same thing new, more like houses than cars. (Likely due to the fact that unlike cars, boats aren't shot after 5-6 years of average use). Unlike real estate, most boats won't actually appreciate but if the new price goes up high enough, fast enough, an older boat often sells for the same amount of pre-inflated dollars ten years or 20 years after the fact than it did when new. snip..... My Sandpiper 565 might be an example. Brand new when production started in 1974 a basic model cost less than $2k CDN.....last year of manufacture in 1992 ...little over $9k CDN. Used models now normally sell for $ 4500-5500 CDN and I've seen some advertised over $ 8k. |
#2
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Hi Don,
Glad to see you made good, especially if you're looking to sell your Sandpiper 565. So it looks like there aren't quite enough boats out there to satisfy demand sufficiently - unless there are too many of some types of boats that can't find buyers, and categories of actively marketed overpriced new boats creating a strong demand for too few used models which meet the same demand?!? Wow is this stuff getting confusing. Rich |
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