Weekend Boat Search. A Contemplation.

[petem]

Regarding the Princess 40, I don't believe it was that popular and not many were built / sold. Perhaps it's just not a great boat and owners tend to move them on after a year or so. I believe the cockpit is a bit tight for space and wonder if the cabins are too? Could it be that manufacturers were trying to fit too much into a 40ft flybridge and you really need to add a few feet to allow the boat to 'breathe'.

 

[tico]

If it's the newer version (stairs rather than ladder to flybridge) it replaced the 38 and is a noticeably larger boat, 2x heads. AFAIK Princess made quite a few of them.
no shortage of space unless you have a large family.

 

[petem]

If it's the newer version (stairs rather than ladder to flybridge) it replaced the 38 and is a noticeably larger boat, 2x heads. AFAIK Princess made quite a few of them.
no shortage of space unless you have a large family.

Maybe I'm getting confused with the 38?

 

[tico]

It wasn't that it was not popular, they only built ~120 as it was replaced by the 40 which was better suited to family cruising with 2x heads and a bit more space, as well as being pricier and thus better for Marine Projects/Princess profitability.

As for unpopular, just try to find one for sale. None of the owners want to part with them. (I can understand why)

 

[ari]

If it's the newer version (stairs rather than ladder to flybridge) it replaced the 38 and is a noticeably larger boat, 2x heads. AFAIK Princess made quite a few of them.
no shortage of space unless you have a large family.

The Princess 38 came out after the 40, the 40 didn't replace it.

 

[ari]

Regarding the Princess 40, I don't believe it was that popular and not many were built / sold. Perhaps it's just not a great boat and owners tend to move them on after a year or so. I believe the cockpit is a bit tight for space and wonder if the cabins are too? Could it be that manufacturers were trying to fit too much into a 40ft flybridge and you really need to add a few feet to allow the boat to 'breathe'.

The Princess 40 has the same basic layout as the Fairline Phantom 38 but is a bigger boat, so it's not short of space.

It's a very nice boat actually.

 

[ari]

Prices will deffo collapse sometime soon when people realise the cost of keeping a boat and how little they actually use it compared with their rose coloured specs when they bought it on a lovely sunny day. The only question will be when the collapse will be. It will be sooner with small boats than with larger ones me thinks

Are you a member of House Price Crash by any chance? That's a forum full of people like you absolutely convinced beyond all doubt that 'prices will deffo collapse sometime soon'.

They've been absolutely convinced of it for about 20 years so far...

 

[tico]

ari- my mistake.
P40 1997, P38 1999

 

[Bigplumbs]

Are you a member of House Price Crash by any chance? That's a forum full of people like you absolutely convinced beyond all doubt that 'prices will deffo collapse sometime soon'.

They've been absolutely convinced of it for about 20 years so far...

I am sure many owners of Property in the Med thought they would never drop. When I was looking about 3 years ago. I was looking at apartments that had been bought for £100k and were then up for £60K.
So Ari old Chap it does happen

Dennis MRICS...........

 

[ari]

I am sure many owners of Property in the Med thought they would never drop. When I was looking about 3 years ago. I was looking at apartments that had been bought for £100k and were then up for £60K.
So Ari old Chap it does happen

Dennis MRICS...........

Of course it does, I'm old (chap) enough to remember the 90s recession.

I'm just pointing out that even chartered surveyors *WINK* don't have crystal balls, so statements like Prices will deffo collapse sometime soon are no more than an unsubstantiated wild guess (or perhaps wishful thinking).

 

[oldgit]

According to Princess Heritage The P40 was built from 1997 to 2003. The P420 from 1994 to 1997.
Dimensions were virtually identical.


either would do.
There seems to be Goldilocks sweet spot around 40ft at the moment perhaps due to mooring fees and the impending rise in fuel cost.
Go just a little larger or smaller and your choice widens considerably.
Have considered the P440 but simply to big and expensive to run and smaller stuff such as the French 36 footers are cramped inside with flimsy build quality to say the least.

 

[Bigplumbs]

Of course it does, I'm old (chap) enough to remember the 90s recession.

I'm just pointing out that even chartered surveyors *WINK* don't have crystal balls, so statements like Prices will deffo collapse sometime soon are no more than an unsubstantiated wild guess (or perhaps wishful thinking).

Why would I wish a collapse I have 11 boats

 

[Aardee]

It's an interesting question to ponder; if there is a price "correction" on the horizon what will lose the most - 11 boats with a combined value of, say, £150k or a single boat currently worth £150k?

 

[henryf]

As has been said before the price crash brigade have been at it for many years. I know some people who sold their home several years ago and went into rented on the basis prices were about to crash. Sadly house prices have pretty much doubled in that time and the pot of money gained from the sale has steadily dwindled in value.

Boats have always been costly to maintain. They have always used fuel. They have always been used for less than 365 days a year. Mooring fees have always been a wedge of cash. Nothing has changed on those fronts. What does happen is individuals get older, stop earning money, become less able to enjoy their boats, have families who move away and generally become more cynical towards the lifestyle making way for new blood coming in.

New boats go up by around 4% per year and that is what dictates the value of the second hand market. Some used boats are white elephants that no one wants and so they cause localised glitches in price but popular boats generally follow a pattern. Indeed some new boats are also white elephants, I know of one in our marina that has been for sale for around 3 years but it’s crap, took the skin off my back when I went up the stairs to the flybridge !

As for buying a boat don’t worry too much about random stuff like how long the last person has owned the boat. Look at the actual boat. If you don’t know what you’re looking at employ the services of someone who does and realise that no used boat is perfect. You just want to make sure you pay a fair price in the market.

Henry

 

[petem]

I am sure many owners of Property in the Med thought they would never drop. When I was looking about 3 years ago. I was looking at apartments that had been bought for £100k and were then up for £60K.
So Ari old Chap it does happen

Dennis MRICS...........

A lot of the decent property in the Med (e.g. Lanzarote, Ibiza, Mallorca, northern Costa Blanca) didn't drop in value in either recession. Nor did prices in my home town.

 

[Bigplumbs]

A lot of the decent property in the Med (e.g. Lanzarote, Ibiza, Mallorca, northern Costa Blanca) didn't drop in value in either recession. Nor did prices in my home town.

I suppose it depends on your definition of decent. The ones we looked at certainly had

 

[henryf]

I suppose it depends on your definition of decent. The ones we looked at certainly had

Easy to replicate shoe boxes came down particularly because builders were trying to offload newer shoe boxes. The question is how many buyers are there really for the hundreds of thousands of pretty grim “holiday“ homes You see out there. I Suspect the £100k apartment was always only worth £60k.

The benefit of boats is that they can be moved so it’s a world market and values are more transparent. With regards UK prices specifically there is convenience, a climate that’s more friendly to used boats, safer provenance / purchase, a native support network if you buy common UK brands and vastly reduced search costs.

With new boat orders today being delivered in 2023 you know the bottom isn't about to drop out of the used market any time soon.

 

[Scapegoat]

It is a great way to spend a day or weekend looking at boats for sale when you want to up or down grade. Absolutely no point in rushing a decision when there are still more to look at ?

 

[Greg2]

It is a great way to spend a day or weekend looking at boats for sale when you want to up or down grade. Absolutely no point in rushing a decision when there are still more to look at ?

Very true - we are on our sixth boat, seven if we include the Norfolk Gypsy sailboat that we recently acquired, and we have thoroughly enjoyed the search including trips away to view. All part of our pastime to my mind.
.

 

[Bigplumbs]

Easy to replicate shoe boxes came down particularly because builders were trying to offload newer shoe boxes. The question is how many buyers are there really for the hundreds of thousands of pretty grim “holiday“ homes You see out there. I Suspect the £100k apartment was always only worth £60k.

The benefit of boats is that they can be moved so it’s a world market and values are more transparent. With regards UK prices specifically there is convenience, a climate that’s more friendly to used boats, safer provenance / purchase, a native support network if you buy common UK brands and vastly reduced search costs.

With new boat orders today being delivered in 2023 you know the bottom isn't about to drop out of the used market any time soon.

Have you ever lived in the real world alongside 80 % of the population. Who is it you are trying to insult by using your shoe box analogy