jimi
Well-Known Member
Wonder what will happen to boat prices if Armageddon does occur and all us old people are culled. Will boat prices drop through the floor as the market is flooded with old boats?
Effect of Coronavirus on Boat Prices
- Thread starter jimi
- Start date
lw395
Well-Known Member
Who can say?
The boatbuilders could struggle to deliver anything this year and good used boats might not be coming onto the market.
The boatbuilders could struggle to deliver anything this year and good used boats might not be coming onto the market.
Lightwave395
Well-Known Member
I think they've already dropped through the floor...
lw395
Well-Known Member
I don't think there is a floor.
Lightwave395
Well-Known Member
Good point, I guess if I'd spent £35K or so on a car 15 years ago I'd be lucky if it were still worth even £5K so I'm trying to maintain that perspective with my boat, that's thankfully not for sale yet
Star-Lord
Well-Known Member
LOL everything will equal out if stockmarket crashes and if UK and US and EURO print trillions because your money will not be worth much and you won't have as much as before.
Babylon
Well-Known Member
Star-Lord
Well-Known Member
IT WOULD NEVER HAVE HAPPENED IF WE HAD STAYED IN EUROPE ?
Ceirwan
Well-Known Member
Well if you kept your money in stocks & shares or Bitcoin then you probably can't affford the old prices anymore anyway.
Hermit
Well-Known Member
Boat prices will go through the roof for a while - everyone will want to get offshore and away from infectious people on shore. However, then money will become worthless but the barter value is huge in the post-apocalyptic society.
Star-Lord
Well-Known Member
Volatility can be your friend. A lot of people sold every single shares weeks ago when Tesla made 48%+ in a few weeks. Bitcoin has been the best performing asset for a decade. Everyone has their hustle ?
scotty123
Well-Known Member
They have to land sometime.
Halcyon Yachts
Well-Known Member
Concerto
Well-Known Member
Possibly the sea/ocean floor?
Daydream believer
Well-Known Member
Not everyone that will pass away will be a boat owner ( hopefully) so the proportion of the 1.5% deceased might be 5% of the 1.5% which is not a lot really.
But now you mention it--- there is a nice Hanse in our marina & if the owner starts coughing !
££££££
But now you mention it--- there is a nice Hanse in our marina & if the owner starts coughing !
££££££
xyachtdave
Well-Known Member
The panic buying of food and loo roll, creating a shortage in the 'just in time' supply chain illustrates clearly how fragile modern life is.
Personally if I thought this was the 'end of days' scenario some perceive it to be I wouldn't be stretching out my time eating Asda value tomatoes, toilet roll and dried pasta.
I'll be on my boat with my lovely plus 1 eating freshly caught Sea Bass before dipping into the (well stocked) drinks locker and bonking.
Boat value/coronavirus....sorry, it's not for sale!
Think Waterworld.
doug748
Well-Known Member
It's certainly a buyers market, particularly when ill health comes to call.
This is what twenty odd grand can buy you - not a tore out, based in Greece, off Ebay but a UK based boat, in commission placed with a pukka broker:
Beneteau First 456
This is what twenty odd grand can buy you - not a tore out, based in Greece, off Ebay but a UK based boat, in commission placed with a pukka broker:
Beneteau First 456
xyachtdave
Well-Known Member
The seller is hoping for nearly £30k.
lw395
Well-Known Member
When I saved up the cash to buy my first expensive boat, about 20 years ago, all my colleagues were buying dotcom shares.
I only lost 'some' money on the boat.
Lightwave395
Well-Known Member
I used to work for Cisco in the dotcom era. Sadly my luxury retirement fund was obliterated when their stock went from $85 to $9 !
Luckily I had cashed some options in prior which is how I came to own a J44...
