MarineMax Cuts Full-Year Profit Forecast
 

http://www.bloomberg.com/apps/news?p...HsE&refer=home

MarineMax Cuts Full-Year Profit Forecast
 

Wayne. B wrote:
http://www.bloomberg.com/apps/news?p...HsE&refer=home


One of the most crucial comments in the entire piece could have been an
easily overlooked paragraph in the middle:
......

``The boating industry is not bringing in new customers,'' said
Jonathan Cramer, an analyst at Cowen & Co. in New York. He has a
``neutral'' rating on MarineMax and doesn't own the stock."

.....

Of course new people *are* taking up the pastime, but only at about the
same rate that old farts are giving it up. New boats are built to
replace old junkers that are scrapped, and as the baby boomers are in
their peak spending years there is unprecedented demand for bigger
boats than ever before. A fairly static number of customers wants to
buy fewer but bigger boats, and young people are generally a lot less
interested in boating than their parents or grandparents were. Not
healthy signs.

And it's the industry's collective fault. Right now there are more
70-foot plus boats for sale in Seattle alone than sold in the entire
state of Washington in the last 18 months. Some of these sellers will
be left holding multi-million dollar bags. Ouch. Go to a boat show and
try to find an attractive, versatile, family cruising boat ("sleeps 4")
for under six figures- almost impossible. When the industry posits each
vessel as something that will convey the aura of being among the
privileged elite, it's no wonder that pretty soon people are unwilling
to consider boating as a family pastime because it appears to be far
too expensive.

If the industry got back to the message that simply being out on the
water was the important thing and offered some boats that weren't
simply strategically designed to be missing some important feature and
thereby motivate trade-ups, it would eventually create an expanding
market. A percentage of that expansion would ultimately become
prospects for those 60-foot and larger "home runs" that the builders
all love to sell.

MarineMax Cuts Full-Year Profit Forecast
 

"Chuck Gould" wrote in message
oups.com...

When the industry posits each
vessel as something that will convey the aura of being among the
privileged elite, it's no wonder that pretty soon people are unwilling
to consider boating as a family pastime because it appears to be far
too expensive.

It is far too expensive. I figure that it costs me $2000/month to own my
boat (loan, insurance, maintenance, and fuel). And that's before
depreciation...and excluding any major repairs.

Add in the additional cost to have a home on the water to keep the boat at
(or for those not on the water, dry storage which can run $500/month), and
the cost of ownership is off the charts.

But I look at it this way...
I don't gamble. I don't golf anymore. I have no real vices (except for the
internet). Every weekend, I go out on the boat and have a mini-vacation
with the family. To me, it's worth every penny.

MarineMax Cuts Full-Year Profit Forecast
 

"Harry Krause" wrote in message
...
On 1/10/2007 10:33 AM, NOYB wrote:
"Chuck Gould" wrote in message
oups.com...

When the industry posits each
vessel as something that will convey the aura of being among the
privileged elite, it's no wonder that pretty soon people are unwilling
to consider boating as a family pastime because it appears to be far
too expensive.

It is far too expensive. I figure that it costs me $2000/month to own my
boat (loan, insurance, maintenance, and fuel). And that's before
depreciation...and excluding any major repairs.

Add in the additional cost to have a home on the water to keep the boat
at (or for those not on the water, dry storage which can run $500/month),
and the cost of ownership is off the charts.

But I look at it this way...
I don't gamble. I don't golf anymore. I have no real vices (except for
the internet). Every weekend, I go out on the boat and have a
mini-vacation with the family. To me, it's worth every penny.



When I was a kid, I fished in Long Island Sound with mostly 12' or 14'
open rowboats with small outboards, 3 hp to 7-1/2 hp. Caught lots of fish
of all kinds, including some big stripers. Sometimes I think that is
really the way to do it.

How's the inshore and nearshore fishing in your area? Maybe you don't need
a big, two-outboard gas guzzler.

Inshore is very good for snook, redfish, and trout. Nearshore is good for
tarpon. But I don't really enjoy inshore fishing that much.

I want to catch fish that has a chance of pulling me in.

MarineMax Cuts Full-Year Profit Forecast
 

Short Wave Sportfishing wrote:


Is that over a year?

Couldn't be...

I don't think that $2000 is an unusual monthly expense for a guy who
lives where he can go offshore fishing every weekend *and* is including
his boat loan in the total. It doesn't take all that much boat to
require a monthly boat payment of 4 figures these days.

MarineMax Cuts Full-Year Profit Forecast
 

On Wed, 10 Jan 2007 16:23:58 GMT, Short Wave Sportfishing
wrote:

Is that over a year?

Couldn't be...

Have you insured a boat in south Florida recently?

12 month season, hurricanes, etc. The insurance companies have had
huge losses in Florida and the Gulf states over the last two years.
Most of them act like they are doing you a favor to even consider
insuring your boat or house.

MarineMax Cuts Full-Year Profit Forecast
 

On Wed, 10 Jan 2007 16:54:55 GMT, Short Wave Sportfishing
wrote:

It's a losing proposition and I find that $24,000, half of what the
average American earns in a year, outrageous.

Perhaps, but my expenses on the GB are even higher. I think it's safe
to say that the average American does not own a boat worth well into 6
figures. In our case we view it as a second home.

MarineMax Cuts Full-Year Profit Forecast
 

Boats have become increasingly larger and as a result, much more
expensive in the last two decades.

The typicall "wake board" boat can cost in the 40K region which
is ridiculous (no, I don't like wakeboarding).

Gone are the days of the 17 Ft. I/O (mostly) in the 20K region with
a few exceptions.

Boating is becoming a "rich person's sport" vs. just plain fun in many
cases. When I pass the boat dealers out here, their lots are full of
boats costing in the mid 50K to over 100K region.

The boating industry needs a "recalibration" regarding affordability
and the market will take care of them in due time.

b.

MarineMax Cuts Full-Year Profit Forecast
 

Harry Krause wrote:
On 1/10/2007 11:54 AM, Short Wave Sportfishing wrote:
On 10 Jan 2007 08:31:36 -0800, "Chuck Gould"
wrote:

Short Wave Sportfishing wrote:

Is that over a year?

Couldn't be...
I don't think that $2000 is an unusual monthly expense for a guy who
lives where he can go offshore fishing every weekend *and* is including
his boat loan in the total. It doesn't take all that much boat to
require a monthly boat payment of 4 figures these days.

I have never paid for a boat with a loan.

It's a losing proposition and I find that $24,000, half of what the
average American earns in a year, outrageous.

That's why I asked the question.



A four figure boat loan?

Insanity.

It's either insaniity, or a $120,000 balance at 6% for 180 months.
($1012).
Lots of boat loans are for substantially more than $120,000.
Not so much for trailerable fishing boats, but getting up into the
family cruiser category it wouldn't be unusual to have a $120,000 or
higher loan.

MarineMax Cuts Full-Year Profit Forecast
 

"Chuck Gould" wrote in message
oups.com...

Short Wave Sportfishing wrote:


Is that over a year?

Couldn't be...

I don't think that $2000 is an unusual monthly expense for a guy who
lives where he can go offshore fishing every weekend *and* is including
his boat loan in the total.

On the Grady White, insurance is $3500/year...or $300/mo. Gas runs $500/mo.
Boat payment is $777/mo. Maintainance is $1500/yr...or $125/mo. Bait and
ice is another $100 or so. Fishing tackle (line, leader, hooks, weights,
jigs, etc.) is another $100/mo.

The 17' Whaler is paid for. Insurance is $500/yr, but gas is negligible in
that boat.

Combined, they cost me $2000/month.

MarineMax Cuts Full-Year Profit Forecast
 

"Short Wave Sportfishing" wrote in message
...
On 10 Jan 2007 08:31:36 -0800, "Chuck Gould"
wrote:


Short Wave Sportfishing wrote:


Is that over a year?

Couldn't be...

I don't think that $2000 is an unusual monthly expense for a guy who
lives where he can go offshore fishing every weekend *and* is including
his boat loan in the total. It doesn't take all that much boat to
require a monthly boat payment of 4 figures these days.

I have never paid for a boat with a loan.


If you own a $100,000 boat without a loan, then that boat is still costing
you $6000-8000/year in lost opportunity cost...which is the amount you'd
have earned if you had invested the money in something else.

So there's $500-650/month.

Your insurance has to run another $200/month.

And your gas probably runs $300-500/month (and that's with just 20 hours of
usage per month).

Now add maintainance and oil, etc.

And bait, ice, fishing gear and tackle.

You're in the $1200-1500/mo. range too...and you didn't even realize it.



It's a losing proposition and I find that $24,000, half of what the
average American earns in a year, outrageous.


That's precisely the point that Chuck and I were making.

MarineMax Cuts Full-Year Profit Forecast
 

"Wayne.B" wrote in message
...

Most of them act like they are doing you a favor to even consider
insuring your boat or house.


Most of them laugh, and then hang up on me.

MarineMax Cuts Full-Year Profit Forecast
 

"Short Wave Sportfishing" wrote in message
...
On Wed, 10 Jan 2007 12:45:07 -0500, Wayne.B
wrote:

On Wed, 10 Jan 2007 16:23:58 GMT, Short Wave Sportfishing
wrote:

Is that over a year?

Couldn't be...

Have you insured a boat in south Florida recently?

12 month season, hurricanes, etc. The insurance companies have had
huge losses in Florida and the Gulf states over the last two years.
Most of them act like they are doing you a favor to even consider
insuring your boat or house.

I didn't think of that.

Still seems outrageous.

Read my breakdown of "costs" that applies even to the guy who pays cash.

MarineMax Cuts Full-Year Profit Forecast
 

Short Wave Sportfishing wrote:
Perhaps, but my expenses on the GB are even higher. I think it's safe
to say that the average American does not own a boat worth well into 6
figures. In our case we view it as a second home.

It's good we're having this discussion - just adds more fuel to my
fire about cruising. :)

Tom, you still considering buying that tug boat?

MarineMax Cuts Full-Year Profit Forecast
 

Harry Krause wrote:
For around $150,000, you can buy a nice, modern, small house on acreage
in Costa Rica, farm coffee (or lease the land out), and be within
spitting distance of fabulous fishing, and without spending a fortune on
a boat. I have a retired friend down there who did that three years ago.

What would you say his cost of living is, Harry?

I mean, fuel, groceries etc, maybe property tax, ect?

MarineMax Cuts Full-Year Profit Forecast
 

On Wed, 10 Jan 2007 15:09:40 -0500, Harry Krause
wrote:

For around $150,000, you can buy a nice, modern, small house on acreage
in Costa Rica, farm coffee (or lease the land out), and be within
spitting distance of fabulous fishing, and without spending a fortune on
a boat. I have a retired friend down there who did that three years ago.

What do you do when they decide to kick the gringos out or tax them to
death?

MarineMax Cuts Full-Year Profit Forecast
 

On Wed, 10 Jan 2007 19:47:45 GMT, "NOYB" wrote:


"Wayne.B" wrote in message
.. .

Most of them act like they are doing you a favor to even consider
insuring your boat or house.


Most of them laugh, and then hang up on me.


That too.

And if you've had a recent claim (knock on wood), then you are really
wasting your time.

MarineMax Cuts Full-Year Profit Forecast
 

On Wed, 10 Jan 2007 16:54:55 GMT, Short Wave Sportfishing
wrote:

I have never paid for a boat with a loan.

It's a losing proposition

Not necessarily so.

If you can "rent" money for a bit over 5% (and deduct the rent), while
at the same time making 9 to 12% on other investments, where is the
losing proposition?

MarineMax Cuts Full-Year Profit Forecast
 

Harry Krause wrote:
On 1/10/2007 3:12 PM, Tim wrote:
Harry Krause wrote:
For around $150,000, you can buy a nice, modern, small house on acreage
in Costa Rica, farm coffee (or lease the land out), and be within
spitting distance of fabulous fishing, and without spending a fortune on
a boat. I have a retired friend down there who did that three years ago.

What would you say his cost of living is, Harry?

I mean, fuel, groceries etc, maybe property tax, ect?


"Fancy" real estate is quite expensive, but a new modestly sized house
with full amenities is not. You can rent a decent three bedroom house
for under $500 a month. Purchase of a car is expensive. Food is cheap.
I believe he told me he and his wife have national health insurance.

The last time we spoke about this, maybe a year or so ago, he told me he
and his wife lived "very well" on "her Social Security check," which was
about $1200 a month, and that they banked his and his other retirement
income.

They bought a 15-acre coffee "planation" with a modern house and a barn
for around $125,000. They lease out the coffee bushes or trees or whatever.

I've got a work related friend who's in-laws live in Costa Rica, and
they are living very well on their modest retirement income.

MarineMax Cuts Full-Year Profit Forecast
 

"Short Wave Sportfishing" wrote in message
...
On Wed, 10 Jan 2007 19:46:35 GMT, "NOYB" wrote:


"Short Wave Sportfishing" wrote in message
. ..
On 10 Jan 2007 08:31:36 -0800, "Chuck Gould"
wrote:


Short Wave Sportfishing wrote:


Is that over a year?

Couldn't be...

I don't think that $2000 is an unusual monthly expense for a guy who
lives where he can go offshore fishing every weekend *and* is including
his boat loan in the total. It doesn't take all that much boat to
require a monthly boat payment of 4 figures these days.

I have never paid for a boat with a loan.


If you own a $100,000 boat without a loan, then that boat is still costing
you $6000-8000/year in lost opportunity cost...which is the amount you'd
have earned if you had invested the money in something else.

So there's $500-650/month.

Your talking about a boat - it inherently is a losing proposition and
adding interest on top of it just makes it worse. You can't win on a
loan in which the principle is losing money every day. Any interest
or money you might make is offset by the losses.


The depreciation is there whether you pay cash or finance it.

I'm paying 6.25% on my loan. I don't have $100,000 laying around to plunk
down on a boat. If I did, and I paid cash, then I'd miss out on the
interest or gains that I could make by investing that money.

Don't forget that the interest on my boat loan qualifies for a second home
mortgage deduction too.

If you borrow at 6.25%, and invest your cash at 5%...you're even once you
consider the tax dedution. If you invest the cash at a an 8% return, you're
way ahead by financing.


Your insurance has to run another $200/month

$685 dollars a year for three boats. Full liability up to 2.5
million. Full replacement value on all three. I can show you the
bill. Traveler's Insurance.

Oh. My. God.

I'm near four thousand for two boats with insured values of $130,000
combined.



And your gas probably runs $300-500/month (and that's with just 20 hours
of
usage per month).

Half that per month on my E-TEC at 20 hours of usage. I think the
highest monthly gas bill I had last year on the Ranger was $200 and
that was over 40 hours in the fall. I might spend $600 all summer and
maybe another $60 on XD-100 oil.

Apples to oranges. You're comparing a twin-engine offshore boat with a
displacement of near 12,000 lbs to a bass boat.



It was even better on the Contender because that was a break even
operation.

And bait, ice, fishing gear and tackle.

I don't use live bait, I build most of my tackle and rods.

You're in the $1200-1500/mo. range too...and you didn't even realize it.

Not even close my good friend - not even close.


When you had the Contender, I guarantee it was costing you at least
$2000/mo. to own and operate (that's figure includes the opportunity cost of
not investing the cash in something with a decent return).

You can say it "was a break even operation" because you chartered the boat
out. If you didn't have charter revenue coming in, and you ran it just as
much, but for purely recreational purposes like I do, what were the monthly
expenses? (ice, fuel, depreciation, etc).

MarineMax Cuts Full-Year Profit Forecast
 

"Harry Krause" wrote in message
...
On 1/10/2007 3:36 PM, Wayne.B wrote:
On Wed, 10 Jan 2007 15:09:40 -0500, Harry Krause
wrote:

For around $150,000, you can buy a nice, modern, small house on acreage
in Costa Rica, farm coffee (or lease the land out), and be within
spitting distance of fabulous fishing, and without spending a fortune on
a boat. I have a retired friend down there who did that three years ago.

What do you do when they decide to kick the gringos out or tax them to
death?



There are no guarantees anywhere. Costa Rica is a stable country, with a
well-educated population, NO standing army on which to waste its
resources, and good social services.

No army? Without the implied protection of the U.S. and others, how long do
you figure it would remain "stable" in that volatile area of the world?

I find it fascinating that a country that borders on two of the region's
most volatile and militaristic countries is able to remain independent
without some military junta coming in and annexing it.

MarineMax Cuts Full-Year Profit Forecast
 

"Wayne.B" wrote in message
...
On Wed, 10 Jan 2007 16:54:55 GMT, Short Wave Sportfishing
wrote:

I have never paid for a boat with a loan.

It's a losing proposition

Not necessarily so.

If you can "rent" money for a bit over 5% (and deduct the rent), while
at the same time making 9 to 12% on other investments, where is the
losing proposition?


Even if you "rent" the money for the same amount that you can earn on
investments, you're ahead because of the tax deduction.

MarineMax Cuts Full-Year Profit Forecast
 

"Wayne.B" wrote in message
...
On Wed, 10 Jan 2007 16:54:55 GMT, Short Wave Sportfishing
wrote:

It's a losing proposition and I find that $24,000, half of what the
average American earns in a year, outrageous.

Perhaps, but my expenses on the GB are even higher. I think it's safe
to say that the average American does not own a boat worth well into 6
figures. In our case we view it as a second home.


Could have sworn that you were one of the 'elitist professional boaters' in
here. that is... one who makes his living boating (charter fishing).

MarineMax Cuts Full-Year Profit Forecast
 

On Wed, 10 Jan 2007 22:26:34 GMT, "NOYB" wrote:

Even if you "rent" the money for the same amount that you can earn on
investments, you're ahead because of the tax deduction.

That's true if your investment earnings are taxed at a lower rate or
taxes are deferred into the future. At some point the Alternative
Minimum Tax enters into the calculation also, but that's messy to
figure out.

MarineMax Cuts Full-Year Profit Forecast
 

Harry Krause wrote:
On 1/10/2007 5:25 PM, NOYB wrote:
"Harry Krause" wrote in message
...
On 1/10/2007 3:36 PM, Wayne.B wrote:
On Wed, 10 Jan 2007 15:09:40 -0500, Harry Krause
wrote:

For around $150,000, you can buy a nice, modern, small house on
acreage in Costa Rica, farm coffee (or lease the land out), and be
within spitting distance of fabulous fishing, and without spending
a fortune on a boat. I have a retired friend down there who did
that three years ago.
What do you do when they decide to kick the gringos out or tax them to
death?


There are no guarantees anywhere. Costa Rica is a stable country,
with a well-educated population, NO standing army on which to waste
its resources, and good social services.

No army? Without the implied protection of the U.S. and others, how
long do you figure it would remain "stable" in that volatile area of
the world?

I find it fascinating that a country that borders on two of the
region's most volatile and militaristic countries is able to remain
independent without some military junta coming in and annexing it.


That's correct. Costa Rica has no standing army. It does have a small
force to protect its borders. The country is the most stable south of
the border. Land is widely held. There's an economy. Everyone has health
care. You know...that kinda stuff. Which is not to say there are no
problems. But it isn't a country boiling over from internal unrest.

Are the workers unionized?

MarineMax Cuts Full-Year Profit Forecast
 

Harry Krause wrote:

On 1/10/2007 10:33 AM, NOYB wrote:

"Chuck Gould" wrote in message
oups.com...

When the industry posits each
vessel as something that will convey the aura of being among the
privileged elite, it's no wonder that pretty soon people are unwilling
to consider boating as a family pastime because it appears to be far
too expensive.


It is far too expensive. I figure that it costs me $2000/month to own
my boat (loan, insurance, maintenance, and fuel). And that's before
depreciation...and excluding any major repairs.

Add in the additional cost to have a home on the water to keep the
boat at (or for those not on the water, dry storage which can run
$500/month), and the cost of ownership is off the charts.

But I look at it this way...
I don't gamble. I don't golf anymore. I have no real vices (except
for the internet). Every weekend, I go out on the boat and have a
mini-vacation with the family. To me, it's worth every penny.



When I was a kid, I fished in Long Island Sound with mostly 12' or 14'
open rowboats with small outboards, 3 hp to 7-1/2 hp. Caught lots of
fish of all kinds, including some big stripers. Sometimes I think that
is really the way to do it.

How's the inshore and nearshore fishing in your area? Maybe you don't
need a big, two-outboard gas guzzler.



The good news is that imaginary lobster boats don't consume any fuel.

--
Posted via a free Usenet account from http://www.teranews.com

MarineMax Cuts Full-Year Profit Forecast
 

Harry Krause wrote:

On 1/10/2007 11:54 AM, Short Wave Sportfishing wrote:

On 10 Jan 2007 08:31:36 -0800, "Chuck Gould"
wrote:

Short Wave Sportfishing wrote:

Is that over a year?

Couldn't be...

I don't think that $2000 is an unusual monthly expense for a guy who
lives where he can go offshore fishing every weekend *and* is including
his boat loan in the total. It doesn't take all that much boat to
require a monthly boat payment of 4 figures these days.


I have never paid for a boat with a loan.

It's a losing proposition and I find that $24,000, half of what the
average American earns in a year, outrageous.

That's why I asked the question.




A four figure boat loan?

Insanity.

Imaginary lobster boats are very, very, cheap with no troublesome loans
required. Do you play air guitar?

--
Posted via a free Usenet account from http://www.teranews.com

MarineMax Cuts Full-Year Profit Forecast
 

Harry Krause wrote:

On 1/10/2007 2:50 PM, Short Wave Sportfishing wrote:

On Wed, 10 Jan 2007 12:48:25 -0500, Wayne.B
wrote:

On Wed, 10 Jan 2007 16:54:55 GMT, Short Wave Sportfishing
wrote:

It's a losing proposition and I find that $24,000, half of what the
average American earns in a year, outrageous.

Perhaps, but my expenses on the GB are even higher. I think it's safe
to say that the average American does not own a boat worth well into 6
figures. In our case we view it as a second home.


It's good we're having this discussion - just adds more fuel to my
fire about cruising. :)



For around $150,000, you can buy a nice, modern, small house on acreage
in Costa Rica, farm coffee (or lease the land out), and be within
spitting distance of fabulous fishing, and without spending a fortune on
a boat. I have a retired friend down there who did that three years ago.

More proof the lobster boat was a wild fantasy.

--
Posted via a free Usenet account from http://www.teranews.com

MarineMax Cuts Full-Year Profit Forecast
 

"Dan" wrote in message
...
Harry Krause wrote:

On 1/10/2007 2:50 PM, Short Wave Sportfishing wrote:

On Wed, 10 Jan 2007 12:48:25 -0500, Wayne.B
wrote:

On Wed, 10 Jan 2007 16:54:55 GMT, Short Wave Sportfishing
wrote:

It's a losing proposition and I find that $24,000, half of what the
average American earns in a year, outrageous.

Perhaps, but my expenses on the GB are even higher. I think it's safe
to say that the average American does not own a boat worth well into 6
figures. In our case we view it as a second home.


It's good we're having this discussion - just adds more fuel to my
fire about cruising. :)



For around $150,000, you can buy a nice, modern, small house on acreage
in Costa Rica, farm coffee (or lease the land out), and be within
spitting distance of fabulous fishing, and without spending a fortune on
a boat. I have a retired friend down there who did that three years ago.

More proof the lobster boat was a wild fantasy.

--

Dan ... you must be the newsgroup w*ore. Now you're infatuated with Harry.
Can't you focus your attentions on one man at a time? Shame on you!

MarineMax Cuts Full-Year Profit Forecast
 

Don White wrote:

"Dan" wrote in message
...

Harry Krause wrote:


On 1/10/2007 2:50 PM, Short Wave Sportfishing wrote:


On Wed, 10 Jan 2007 12:48:25 -0500, Wayne.B
wrote:


On Wed, 10 Jan 2007 16:54:55 GMT, Short Wave Sportfishing
wrote:


It's a losing proposition and I find that $24,000, half of what the
average American earns in a year, outrageous.

Perhaps, but my expenses on the GB are even higher. I think it's safe
to say that the average American does not own a boat worth well into 6
figures. In our case we view it as a second home.


It's good we're having this discussion - just adds more fuel to my
fire about cruising. :)



For around $150,000, you can buy a nice, modern, small house on acreage
in Costa Rica, farm coffee (or lease the land out), and be within
spitting distance of fabulous fishing, and without spending a fortune on
a boat. I have a retired friend down there who did that three years ago.

More proof the lobster boat was a wild fantasy.

--


Dan ... you must be the newsgroup w*ore. Now you're infatuated with Harry.
Can't you focus your attentions on one man at a time? Shame on you!



What purpose do you serve here, Don? Humping others like a little, sad,
dog is pathetic.

--
Posted via a free Usenet account from http://www.teranews.com

MarineMax Cuts Full-Year Profit Forecast
 

"Dan" wrote in message
...



What purpose do you serve here, Don? Humping others like a little, sad,
dog is pathetic.

--
Posted via a free Usenet account from http://www.teranews.com



My mission is to lift the rocks to expose their underneath to the light of
day.
Consider yourself illuminated!

MarineMax Cuts Full-Year Profit Forecast
 

"NOYB" wrote in message
nk.net...

"Harry Krause" wrote in message
...
On 1/10/2007 3:36 PM, Wayne.B wrote:
On Wed, 10 Jan 2007 15:09:40 -0500, Harry Krause
wrote:

For around $150,000, you can buy a nice, modern, small house on
acreage in Costa Rica, farm coffee (or lease the land out), and be
within spitting distance of fabulous fishing, and without spending a
fortune on a boat. I have a retired friend down there who did that
three years ago.

What do you do when they decide to kick the gringos out or tax them to
death?



There are no guarantees anywhere. Costa Rica is a stable country, with a
well-educated population, NO standing army on which to waste its
resources, and good social services.

No army? Without the implied protection of the U.S. and others, how long
do you figure it would remain "stable" in that volatile area of the world?

I find it fascinating that a country that borders on two of the region's
most volatile and militaristic countries is able to remain independent
without some military junta coming in and annexing it.



Transportation suxs. The roads are bad, so lots of travel via boats or
airplanes. Makes it hard to an army to attack and hold the land. They do
have a national police force that serves like an army from what I
understand.

MarineMax Cuts Full-Year Profit Forecast
 

"NOYB" wrote in message
link.net...

"Chuck Gould" wrote in message
oups.com...

Short Wave Sportfishing wrote:


Is that over a year?

Couldn't be...

I don't think that $2000 is an unusual monthly expense for a guy who
lives where he can go offshore fishing every weekend *and* is including
his boat loan in the total.

On the Grady White, insurance is $3500/year...or $300/mo. Gas runs
$500/mo. Boat payment is $777/mo. Maintainance is $1500/yr...or $125/mo.
Bait and ice is another $100 or so. Fishing tackle (line, leader, hooks,
weights, jigs, etc.) is another $100/mo.

The 17' Whaler is paid for. Insurance is $500/yr, but gas is negligible
in that boat.

Combined, they cost me $2000/month.





My $20k full replacement on the Jetcraft is $243 / year. Gas in not
negligible. And toys are not paid for with loans.

MarineMax Cuts Full-Year Profit Forecast
 

Dan wrote:

Don White wrote:

"Dan" wrote in message
...

Harry Krause wrote:


On 1/10/2007 2:50 PM, Short Wave Sportfishing wrote:


On Wed, 10 Jan 2007 12:48:25 -0500, Wayne.B
wrote:


On Wed, 10 Jan 2007 16:54:55 GMT, Short Wave Sportfishing
wrote:


It's a losing proposition and I find that $24,000, half of what the
average American earns in a year, outrageous.


Perhaps, but my expenses on the GB are even higher. I think it's
safe
to say that the average American does not own a boat worth well
into 6
figures. In our case we view it as a second home.



It's good we're having this discussion - just adds more fuel to my
fire about cruising. :)




For around $150,000, you can buy a nice, modern, small house on
acreage in Costa Rica, farm coffee (or lease the land out), and be
within spitting distance of fabulous fishing, and without spending a
fortune on a boat. I have a retired friend down there who did that
three years ago.


More proof the lobster boat was a wild fantasy.

--



Dan ... you must be the newsgroup w*ore. Now you're infatuated with
Harry.
Can't you focus your attentions on one man at a time? Shame on you!


What purpose do you serve here, Don? Humping others like a little, sad,
dog is pathetic.


Donnie is the "me too" of the circle jerk trio.

MarineMax Cuts Full-Year Profit Forecast
 

"Animal05" wrote in message
...


Donnie is the "me too" of the circle jerk trio.


Hi Frizzle.
Good to see you're keeping your standards up.
Carry on!

MarineMax Cuts Full-Year Profit Forecast
 

Short Wave Sportfishing wrote:
On 10 Jan 2007 08:31:36 -0800, "Chuck Gould"
wrote:


Short Wave Sportfishing wrote:


Is that over a year?

Couldn't be...

I don't think that $2000 is an unusual monthly expense for a guy who
lives where he can go offshore fishing every weekend *and* is including
his boat loan in the total. It doesn't take all that much boat to
require a monthly boat payment of 4 figures these days.

I have never paid for a boat with a loan.

It's a losing proposition and I find that $24,000, half of what the
average American earns in a year, outrageous.

Same here. Just like a car loan, you are paying interest on something
that is depreciating in value.

MarineMax Cuts Full-Year Profit Forecast
 

Don White wrote:

"Dan" wrote in message
...


What purpose do you serve here, Don? Humping others like a little, sad,
dog is pathetic.

--
Posted via a free Usenet account from http://www.teranews.com




My mission is to lift the rocks to expose their underneath to the light of
day.
Consider yourself illuminated!



Really? Try a religious group - and stay there.

--
Posted via a free Usenet account from http://www.teranews.com

MarineMax Cuts Full-Year Profit Forecast
 

Harry Krause wrote:

On 1/10/2007 8:53 PM, Don White wrote:

"Dan" wrote in message
...

What purpose do you serve here, Don? Humping others like a little,
sad, dog is pathetic.

--
Posted via a free Usenet account from http://www.teranews.com



My mission is to lift the rocks to expose their underneath to the
light of day.
Consider yourself illuminated!



Po' Widdle Dan is upset because almost everyone has put him in their
bozo bin. If you do, too, then no one will have to watch him crap in here.

Sure, Harry.

--
Posted via a free Usenet account from http://www.teranews.com

MarineMax Cuts Full-Year Profit Forecast
 

Dan wrote:

Don White wrote:

"Dan" wrote in message
...


What purpose do you serve here, Don? Humping others like a little,
sad, dog is pathetic.

--
Posted via a free Usenet account from http://www.teranews.com




My mission is to lift the rocks to expose their underneath to the
light of day.
Consider yourself illuminated!


Really? Try a religious group - and stay there.


Nothing like the smarmy arrogance of an socialist.

MarineMax Cuts Full-Year Profit Forecast
 

Dan wrote:

Harry Krause wrote:

On 1/10/2007 8:53 PM, Don White wrote:

"Dan" wrote in message
...

What purpose do you serve here, Don? Humping others like a little,
sad, dog is pathetic.

--
Posted via a free Usenet account from http://www.teranews.com



My mission is to lift the rocks to expose their underneath to the
light of day.
Consider yourself illuminated!



Po' Widdle Dan is upset because almost everyone has put him in their
bozo bin. If you do, too, then no one will have to watch him crap in
here.


Sure, Harry.

Harry is projecting his own shortcomings.