Hobbyhorse

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I dont know why, but as soon as the price of anything is more than you can envisage in your wallet everyone seems to loose their grasp on reality.

Take for instance a typical large(ish) boat as tested frequently in the mags., say one with a not exceptional price tag of £500k.
Now consider the man in the street with an average salary of £27k. (net pay, less fares to work of barely £1000 per month). In his whole working life he won't ever earn the cost of this boat.
Meanwhile the industry goes further and further upmarket driven by the rapturious praise afforded it for every excess. There seems to be a vast gap in the market for affordable boats, it's a pity that they all seem to come from overseas. (S24 excluded)

Geoff

ps Did you know (or care) that if you put a million £1 coins end to end, the line would be 14 miles long?

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Yes, indeed! I like my new boat and it was definately all I could afford. Then the other day I pulled in to Pwllheli Marina to fill up and all of a sudden my boat was just a tiddler - a mere sparrow amongst the Eagles and Albatrosses.

Then I went to Benalmadena marina - and the league was different (vastly different) again. These guys made lottery winners look like down and outs. No kidding!!

Where does all this dosh come from??

Still, I can genuinely say I am happy with my boat and my lot in general.

It ain't getting what you want - its liking what you've got that counts.

<hr width=100% size=1>Madoc Yacht Club
<A target="_blank" HREF=http://www.madocyachtclub.co.uk>http://www.madocyachtclub.co.uk</A>
 
"not exceptional price tag of £500k." I'm glad you feel that's not exceptional.

At present, to me even a tenth of that is close to exceptional.

I know what you mean though - has happened in the raggie world big time - lack of smaller boats to start with. Everyone making bigger and bigger boats - although with cheap financing and more disposable income available they still seem to be able to shift them.

Waiting for the tide to turn...




<hr width=100% size=1>How much to fill'er up!
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Yes a good analysis.

No doubt it's been the reason why you still have to find £20K to buy a 20 year old boat, that needs £10K spending on it to make it habitable and look to you non-boaty freinds that it cost more than £5K.

And that's only for a sub 30 footer, look at how much P37's built in the late 70's still go for. Even one's in need of new engines and total refurbishment.

There's a big gap in the 'new' market in the uk, and your right to single out the S23/24.

Plenty of new 'sports boats', 'day boats', and 'fishers' available up to 21ft at reasonable prices. But then a big jump to £100K before you can buy a comfortable cruising boat from any supplier with even a loose association with the UK.

It's a strange market, and I suspect it's more to do with British buyers than builders. People like 'Waterline' try and market a very well equipped 30ft 'river' cruiser for about £70K, but how many actual potential buyers would take one in preference to a 2 year old S28 or a 14 year old P35 etc.

So I suppose this creates high demand for used £100K plus boats, making their new purchase more attractive to the rich few, and stops any new builder selling enough volume of a cheaper newy to be able to offer them as cheap as they could be (and would need to be if his project was to be sustainable).

<hr width=100% size=1><font color=blue> <A target="_blank" HREF=http://www.mboat.org>http://www.mboat.org</A></font color=blue>
 
Re: pound coins

I care very much indeed. 14 miles x 1760 to give yards, x 3 to give feet x 12 to give inches x 25.4 to give milmetres and then divided by 1000000 equals a diameter of 22.5308 mm. Yet the royal mint say a pound coin is only 22.50 mm. So 1 million one pound coins would actually be 13.98 miles, which is 32.187 metres SHORTER than 14 miles. To make 14 miles with pound coins you would need another 1,370 above a million, and seeing as how your post is all about saving a few quid this is quite important amount of loot, eh? :-)

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Ive just bought my first boat, and as you say I dream of a nice big boat but alas beyond my meagre means!

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Re: pound coins and source of boat loot

Hmmm. The mint also says they weigh 9.5g, so a million of them weigh 9.5 tonnes, which is a similar weight to a £500k boat, hence this is the origin of the well-known adage that a motorboat is worth its weight in pound coins.

All the markety types say there is increasing number of people able to afford £500k boats and similar such toys. I have never seen a study on where the loot comes from but at a guess I'd say it is (a) inheriting massive house in surrey when parents die (b) borrowed (c) stock options (d) bumper year in private family businesses (e) city bonuses and similar and (f) one-off capital gains on MBOs and such like. I never study this markety stuff too closely but seems entirely believable that there are more people in these categories than a few years ago....?

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I think that what he meant by '"not exceptional" in this context was "not unusual" i.e. it is quite routine for the magazines to review these hugely-priced vessels as thought they are readily affordable by the average reader. And GES's whole point is that they probably are not - even if you allow for the likelihood that the average boat mag reader probably earns a bit more than the average national salary.

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Re: pound coins and source of boat loot

note also that none of these people can fall into the category of "man in the street" who by definition is a bit skinno. Unless it is Bond Street, perhaps.

weight wise, we saw a powerboat with THRE crew on board, and swmbo struggling with fenders pointed out that she was the only crew on board our boat at the time. "ah, but you are very much more valuable - worth your weight in gold!" i said , er erm...

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Re: pound coins and source of boat loot

When buying a boat between £500k and £1m, do people generally pay 'cash' or is Mortgages the usual?
How much roughly is a typical mortgage on a £500k boat??
(probably a couple of months pays for me)

<hr width=100% size=1><A target="_blank" HREF=http://www.hamptonandmcmurray.co.uk>Hampton and McMurray</A>

Petrol Rules..
 
Re: pound coins and source of boat loot

Lots of peeps have lots of cash it seems. I read somewhere that 25% of houses bought in london are bought without mortgages. You can use houses as security for a loan, then buy a boat, and get a nice cheap housified rate. Mind you, why do you need one if you earn £250k a month?

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Re: pound coins

Look I only had one and I measured it with a rotton school ruler !

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Re: pound coins

Look I only had one and I measured it with a rotton school ruler !

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Re: pound coins and source of boat loot

Anyone know tonight's winning Lotto numbers?

I quite fancy buying a Hardy 42 for the UK winter, then an Azimut 55 for summer 2004 in the Med.




<hr width=100% size=1><font color=blue> <A target="_blank" HREF=http://www.mboat.org>http://www.mboat.org</A></font color=blue>
 
Re: pound coins and source of boat loot

I'll take an Azimut as well, if you're offering, Martyn?

<hr width=100% size=1><A target="_blank" HREF=http://www.hamptonandmcmurray.co.uk>Hampton and McMurray</A>

Petrol Rules..
 
Re: pound coins and source of boat loot

Prob get a good discount for a pair.

Ill only be about £700K short then (if the numbers don't come up) /forums/images/icons/laugh.gif




<hr width=100% size=1><font color=blue> <A target="_blank" HREF=http://www.mboat.org>http://www.mboat.org</A></font color=blue>
 
Re: pound coins and source of boat loot

There is an Azimut 55 in Chatham marina, lovely looking boat, but beware if you are buying one as I do believe the name of your choice being put on is charged as an extra. I am sure if you are getting two, you could do a deal and get them put on free /forums/images/icons/wink.gif

<hr width=100% size=1><font color=purple> "You only see what you recognise, and you only recognise what you know" <font color=purple>
 
Re: pound coins and source of boat loot

Sorry Pete, but is it not always a chargeable extra to have your name put on the boat, I paid £100 for my current boat , 2 at the sharp end and 1 at the blunt end.



<hr width=100% size=1><A target="_blank" HREF=http://www.hamptonandmcmurray.co.uk>Hampton and McMurray</A>

Petrol Rules..
 
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