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St.Kitts Doug
03-17-2008, 07:14 PM
With this economic status does this mean that the price of wood boats will drop?

Will the price of other (AWB steel etc) also fall>
?

OR will the owners be putting to sea to avoid the impending(?) depression?

botebum
03-17-2008, 07:18 PM
In an economic downturn, the sale of recreational boats/vehicles is the first thing to go to hell, whatever the price.

Doug

Boatmik
03-17-2008, 07:21 PM
For those selling in a hurry, prices may drop a lot - or they may be prepared to drop them a lot.

But you will be much worse if you are trying to sell a standard production item quickly as the price will be set by the most recent low price.

Wooden boats are all a bit individual - each a bit different - so it is hard to apply prices for one to prices for another.

For those not in a rush to sell it might make little difference.

Michael

skuthorp
03-17-2008, 07:23 PM
"to avoid the impenging(?) depression?"

So Doug, you use the 'D' word eh?
With the price of scrap metal steel wont be going down! It used to cost money to get old car bodies removed, these days they pay you.
And good boatbuilding wood is a dwindling resource, except from illegal logging in some SE Asian countries. Still, Turkey, Indonesia, even the odd African countries build good boats of various standards and types at reasonable cost.

rbgarr
03-17-2008, 11:19 PM
For many the problem will not be the purchasing of boats but the maintenance and operation costs of owning any boat at all since they are about the purest of discretionary items. There is often a glut of unsold boats on the market in bad times, or they simply remain in storage as owners cut expenses.

Lew Barrett
03-17-2008, 11:42 PM
For a variety of reasons, I was forced to take my 99 BMW 540i to the dealer last week for some expensive but unavoidable repairs (the ABS brake modulator, which is a part only available from a BMW dealer). I was unable to do the replacement myself, although it is a very simple physical job, as the module must be re-coded after it is replaced. Hence, the dealer visit was unavoidable.

Anyway, while I was there (and this is why I never go there in the first place) I found myself wandering around in the new car section of the showroom. I was first shocked to see what a replacement for my car costs, and then further surprised to see that the dealer was discounting the new cars. This is unheard of for BMW in this country, where any discount must be carefully and patiently negotiated on the basis of one's loyalty and resolve, especially on high demand cars like M Series. But there it was; discount stickers prominently placed on the windshields of all the cars, M Series included.

Folks, it's going to be ugly.

That said, I'd rather have to sell my one off oddball, unique as she is, than a 1997 37 foot Bayliner. We're all looking for just one buyer, but mine will know what he wants when he sees it.

abbyj
03-18-2008, 12:06 AM
For a variety of reasons, I was forced to take my 99 BMW 540i to the dealer last week for some expensive but unavoidable repairs (the ABS brake modulator, which is a part only available from a BMW dealer). I was unable to do the replacement myself, although it is a very simple physical job, as the module must be re-coded after it is replaced. Hence, the dealer visit was unavoidable.

Anyway, while I was there (and this is why I never go there in the first place) I found myself wandering around in the new car section of the showroom. I was first shocked to see what a replacement for my car costs, and then further surprised to see that the dealer was discounting the new cars. This is unheard of for BMW in this country, where any discount must be carefully and patiently negotiated on the basis of one's loyalty and resolve, especially on high demand cars like M Series. But there it was; discount stickers prominently placed on the windshields of all the cars, M Series included.

Folks, it's going to be ugly.

That said, I'd rather have to sell my one off oddball, unique as she is, than a 1997 37 foot Bayliner. We're all looking for just one buyer, but mine will know what he wants when he sees it.

Oh Nooooooooo:eek:

You mean BMW actually cut the 1000's of employees they said they would last year!!!!!! and with that surplus they're going to be able to drop prices on their line???? (Like they said they would last year). You mean they actually are starting off with quarterly plus's??????. Say it isn't so!

I don't think you know the BMW company as well as you think you do.

We are long overdue for a recession, without it, I'd get really worried. Expansion and contraction. Suck it up, it happened over 30 times in this country.

Someone told me "I am not going to participate in this recession". Wise words, a boycott of sorts.

Good time to buy a BMW... Ain't it;)

Lew Barrett
03-18-2008, 12:45 AM
Abby,
Before you were born, and before BMW actually had a subsidiary called "NA," I worked for the MC distributor. BMW will do what BMW does, but posting discounted prices on the windshield, that's news and a change. I'm sure they build 'em efficiently in Spartenburg, but they still have to sell them just like everybody else. They'll dodge the bullet, but not all of us will.
Good time to buy a BMW? I don't think so, but then, I already have mine.

merlinron
03-18-2008, 08:34 AM
thread drifting, but in reply to the bmw posts.....

there was a article on the news yesterday about a lady that was walking away from her mortgage , but bought a brand new suv before she did because she needed it to get to work reliably after her credit takes a dive from abandoning her home.

maybe bmw is jumping on that idea....... "mortgage bailing" is becoming a new fad, ya know....

if i can't have my $400K house, i'll settle for a nice car.........

Lew Barrett
03-18-2008, 09:44 AM
What I'd meant to suggest, but did a seemingly poor job of, is that even luxury items that purportedly appeal to people of means, are going to take hits, or are doing so. A theory that you hear bandied about is that people with money always have money and downturns don't affect them. Presumably, such luxury goods as Mikimoto pearls, fine couture, BMWs and fancy boats float above such petty concerns as inflation, deflation and recession.
But I believe we'll find this is not true for the broad range of consumers in the middle anymore. This has become the very same range of people that buy BMWs and wooden boats. We have come to be a society, a world culture even, of the middle that expects to be able to enjoy fine things. But hard times may likely redefine what the average person can afford. BMWs, and wooden boats, have become items that aren't just for the rich anymore, and economics can and will affect those companies and products in much the same way as they affect GM.....and Toyota.....and yacht sales.
And that was my point. Not complicated at all.

Wild Dingo
03-18-2008, 10:29 AM
aaaahhh but...

Back in the main bad ol days of the crash of when uncle Moses was kickin about there were many a rich and wealthy sod who put the gun to the head because it DID adversely affect their wealth was there not? Do you mean to imply young Lew that these same sods will not be similarily affected with this coming crash?... people from all socio-economic stratas WILL suffer just with varying degrees of tolerance and acceptance willingness to try to move forward even when its 10 steps backward for every 1 step forward no?

Yes the poor and middle range of socio-economic society will obviously suffer... possibly one reason being is there are simply more of them and so are more obvious... whereas the rich will also suffer many being over mortguaged and over indebted to an insane level and as it crumbles so will their ability to see a way out

BMW? Nah!!! LANDCRUISER MATE!!! :cool: :D

ingo
03-18-2008, 01:21 PM
One Euro is now at 1.58 dollars. Five years ago it was 1 dollar. So it's a very good time for us Europeans to buy a wooden boat in the US! Any offers? And if the price seems to be to high, I just have to wait some weeks :D

(sorry, but your economics is not my fault)

I am looking for a new family car and a Ford Galaxy (http://en.wikipedia.org/wiki/Ford_Galaxy) seems to be good value for the money.

rbgarr
03-18-2008, 04:41 PM
Some years ago there was a luxury tax applied to yachts that were priced at $100K and above IIRC. It nearly wiped out that segment of the industry, driving some companies and many jobs out of the business. I'm praying this downturn and price rise in fuel/petroleum products doesn't do the same.

Tanbark Spanker
03-19-2008, 06:31 AM
I was talking with a broker in Florida who selling a boat to some criminal Albanian pill pimp from Frankfurt. I faked an interest in the boat and offered the asking price and promised to retain the broker as an agent for the transportation of the boat. I had no intention of buying the boat. I wanted to make sure Ditmirchenco payed the highest price possible. He payed a few thousand dollars over the asking price. I imagine the boat will be painted some garrish color and stocked with young Eastern European women and a vending machine for knock-off Viagra. Hmmph, Euro-trash.