Market Madness?

henryf said:
A couple of points raised.

Smaller boats back on the market: Yes, a lot of people soon realise they need something bigger if they plan to stay on it over night.

Prices crashing when people realise boating isn’t all the marketing people hype it up to be: HaveI missed an episode? Has boating only just been invented? I thought it had been going on for a while now. The marketing boffins have been selling a dream for over 50 years now. Some boats are better at delivering than others and some people will never make boat skippers but we only need a very small handful of the population to practice the craft for it to succeed, fill berths, and buy boats. Boating isn’t a passing fad, in fact in an increasingly busy and regulated world boating offers an escape now more than ever before.

Also look at the other options. A Motorhome is going to cost you £100k plus. A decent hotel is £500 a night doubled or tripled depending on how many rooms you need for the sprogs. Things move on I’m afraid. Cars are no longer £12k brand new, the cheapest VW Golf is over £21k and anything decent is bumping £40k.
The world moves forwards, prices rise. There are economic ups and downs but the line still goes upwards over time. Our parents paid a couple of grand for houses that are worth 6 or 7 figures today.

There is a very big difference between a farm labourer earning a wage that leaves little scope beyond survival and someone earning a substantially higher than average wage that still provides huge scope for enjoyment once living costs have been removed.
Click to expand...

Well I fear you may be a tad out of touch with much of the world many people live in. We just stayed in a Hotel in Hastings (Nice it was too) for £52.50 for the night 2 of us and our little dog and am about to buy a Motor Home for £24,000.

And speaking as someone who's farther was that farm labourer. I can assure you that myself, My Sister, Mother and Brother live a lovely life and it was and is way beyond survival. I am afraid so many people simply don't know how to do it. My Fathers Property sits in 2.5 acres with a swimming pool, paddocks with horses in Rural Suffolk so perhaps a little more than survival. How did Dad achieve that one word DIY and hard work
 
Last edited:
ari said:
Agree 100% with this.

People also seem to very quickly forget the huge drop in used boat prices a decade ago. Prices now are back up to about where they were before that.

So maybe they're not currently 'high', maybe values have simply recovered back to normal.
Click to expand...

Now somewhere where I agree with you. I own over 10 boats with all being at the very low end of the market compared to most on here. All were bought Pre 2019 and in every case I felt that in general terms they were far to cheap.

The current small Rib I use the most and a lot, cost me £3,000 and that included, Very good Trailer, 60 hp outboard, all accessories, Decent VHF, Full tank of Petrol and he delivered it half way which was about 150 miles.

Our Sealine S24 which was in very good nick with new canvas's was £18,000. All of these were in my book far too cheap at the time.

My Fletcher 17 GTO was £6,000 with a 115 hp outboard, Trailer, Skis. Fenders and loads of accessories.

Here they are......... All were in my view too cheap for what I got. I know these are very small boats by many on here's standard but the fun and enjoyment we get from them is I think inversely proportional to their size

 

Attachments

  • Rib.jpg
    Rib.jpg
    79.8 KB · Views: 10
  • Baloo.jpg
    Baloo.jpg
    61.6 KB · Views: 11
Bouba said:
A global financial meltdown ?‍♂️ All the more reason to keep a boat??
Click to expand...

Everyone's financial situation is different but boats are classed a luxury unless you use them for work

And in times of financial uncertainty luxury items are the first things that people stop buying and then cars & white/electrical goods etc

Especially if youre married....wives seem to think that food & warmth are more important than boats.

(y)
 
ShaneAtSea said:
Everyone's financial situation is different but boats are classed a luxury unless you use them for work

And in times of financial uncertainty luxury items are the first things that people stop buying and then cars & white/electrical goods etc

Especially if youre married....wives seem to think that food & warmth are more important than boats.

(y)
Click to expand...
You are describing a recession. A meltdown requires a method of escape ie a boat?
 
ShaneAtSea said:
You werent being rude but quite pedantic

I was generalising and your example of someone owning a stately home or a knackered 150ft superyacht is very specific.

Like is said, i read it somewhere and you obviously dont agree. Cool

:cool:
Click to expand...

I don't think I was being pedantic, I was simply using an extreme example to clearly explain why it makes absolutely no sense.

There are SO many variables from the size of someone's mortgage payments to whether there are kids at private school to the person's age to their income to the type of assets that make up that 'worth' (some generate income, some do the opposite).

So no, certainly don't agree. :)
 
ari said:
I don't think I was being pedantic, I was simply using an extreme example to clearly explain why it makes absolutely no sense.

There are SO many variables from the size of someone's mortgage payments to whether there are kids at private school to the person's age to their income to the type of assets that make up that 'worth' (some generate income, some do the opposite).

So no, certainly don't agree. :)
Click to expand...

Private School.......... Why :alien:
 
On the Boats were too cheap some years ago. Another example. This Fletcher 19GTS we bought 5 years ago with trailer for £8,000. It had a 3 year old 'new' engine in as well and numerous bits and pieces with it
 

Attachments

  • FL 19 GTS.jpg
    FL 19 GTS.jpg
    76.1 KB · Views: 15
Bigplumbs said:
Well I fear you may be a tad out of touch with much of the world many people live in. We just stayed in a Hotel in Hastings (Nice it was too) for £52.50 for the night 2 of us and our little dog and am about to buy a Motor Home for £24,000.

And speaking as someone who's farther was that farm labourer. I can assure you that myself, My Sister, Mother and Brother live a lovely life and it was and is way beyond survival. I am afraid so many people simply don't know how to do it. My Fathers Property sits in 2.5 acres with a swimming pool, paddocks with horses in Rural Suffolk so perhaps a little more than survival. How did Dad achieve that one word DIY and hard work
Click to expand...
I do not know a single farm labourer who owns a house set in 2.5 acres with horses and a swimming pool. I myself worked as a farm labourer and there were not enough hours in the day for me acquire such wealth. One bloke I worked with once put in for 25 hours for a marathon shift during harvest time on the basis he worked through his lunch break, but even then he hasn't managed to raise 3 children and live in such surroundings. The building materials alone would cost too much. I suspect there is a little more to your story....

How "new" is your £24k motorhome ? Currently the cheapest used unit listing with Brownhills is a 2014 Fiat Autotrail for £43,000. The cheapest new unit for 2022 delivery is £49k but that looks a bit out of place. A new Swift Kon-Tiki 884 is going to set you back £95k

As for hotels yes, the Britannia Coventry Hill Hotel can be "enjoyed" for a mere £33 per night but I've worked hard and long enough not to have to take my holidays there. There are plenty of places that are fully booked and charging in excess for £500 per night. Often WELL in excess.

My point is that someone's excess, spendable money will vary drastically. Someone just covering the bills hasn't got enough to buy a canoe, others will have huge spending power. They could save up and wait 15 to20 years before one day pulling the trigger on a new boat but for some one day never comes. Instead they choose to finance the purchase with payments that are well within their financial comfort zone. They enjoy the boat in good heath with family and friends and when it comes time to sell have an asset that will cover any remaining debt and return a lump sum.

It may not be your way but it isn't wrong.
 
Last edited:
Bigplumbs said:
Now somewhere where I agree with you. I own over 10 boats with all being at the very low end of the market compared to most on here. All were bought Pre 2019 and in every case I felt that in general terms they were far to cheap.

The current small Rib I use the most and a lot, cost me £3,000 and that included, Very good Trailer, 60 hp outboard, all accessories, Decent VHF, Full tank of Petrol and he delivered it half way which was about 150 miles.

Our Sealine S24 which was in very good nick with new canvas's was £18,000. All of these were in my book far too cheap at the time.

My Fletcher 17 GTO was £6,000 with a 115 hp outboard, Trailer, Skis. Fenders and loads of accessories.

Here they are......... All were in my view too cheap for what I got. I know these are very small boats by many on here's standard but the fun and enjoyment we get from them is I think inversely proportional to their size

Click to expand...
Your place must look like steptoes yard with all boats drones Chinese heaters/ inverters and 20 cctv cameras and soon to be motor home
 
The definition of wealth/poverty is a very movable feast. My wife's cousin considers herself poor despite the fact that she lives in a big house in Richmond and all her children went to expensive schools. Her neighbours are Ed Sheeran's manager and one of Mick Jagger's children.

With regard to the optimum number of boats: the formula is N+ 1
N being the number of boats you currently own.
 
....made few phone calls yesterday regards type of boat am interested in.
All gone except possibly one , maybe because its festering in Red Wall land and they have not even bothered to answer emails and phone calls.
Loads of course in the EU but that involves Boris Taking Back Control of about 20K of my money. :)
Wonder if there are any for sale in the Antipodes, could pop it into a shipping container and get it back to Blighty then get it delivered by HGV to my marina....Ooo .....hang on a minute.
 
Heres a question for the seasoned boat owners on here...

When did the government check the tax statues of your boat and do you get asked to prove the tax status on your boat regularly?

Im sure there are lots of people who havent paid VAT on their boat and never have

?
 
ShaneAtSea said:
Heres a question for the seasoned boat owners on here...

When did the government check the tax statues of your boat and do you get asked to prove the tax status on your boat regularly?

Im sure there are lots of people who havent paid VAT on their boat and never have

?
Click to expand...
I've never personally been checked by HMRC (UK boats) but the ability to prove the VAT paid status becomes important when you sell.
 
I've towed 2 boats through Europe on multiple occasions. Never got stopped and asked for proof of purchase or vat paid. Only to make sure I had no migrants stowed away.
 
Scala said:
I've never personally been checked by HMRC (UK boats) but the ability to prove the VAT paid status becomes important when you sell.
Click to expand...

Ive seen loads of second hand boats online where they say 'VAT NOT PAID'

Maybe theyre imported
 
You must log in or register to reply here.

Share this page

Top