Why Aren't Millennials Buying Boats?

[jrudge]

Centre Parks makes boating look amazingly economical.

I have only dared stay the weekend. The activities bill is massive. Daddy can we..... NO!!!

 

[pumpsmynads]

People blaming millennials seem to conveniently forget which generation had the responsibility to teach them.

 

[bowler]

That's very reassuring to hear. Maybe I just know a lot of really bad parents!

Oh don't worry - there are plenty of those! But on a serious note. Why would anyone let their kids spend all day in their room and not pay their way? Their house, their rules. Monkey see, monkey do.

I think parenting has changed a good deal in the last 30 years. I see a lot of it in my line of work.

People blaming millennials seem to conveniently forget which generation had the responsibility to teach them.

Indeed...

To get back to boats. A good friend (almost a millennial) left school and became a plumber. He bought a boat at 19 years old (16 foot Sim Super-V with a 125hp Evinrude - I know). I was hooked. Money was tight and I was going to university but my goal was to have a boat of my own by the time I was 30. The rest is history and I am over 40 and on a boat every weekend.

Most people I know do not own boats, regardless of their age (except for those I met through boating). Boats soak up cash and unless you are obsessed (or loaded) you wont have one for long.

D

 

[Hot Property]

Well said. This thread is nonsense.

I teach for a living and have seen plenty of driven students working part times jobs alongside A' levels, and passing driving tests (when an option of affording a car is on the table - which for many is not) and progressing on in life. In many cases with more ambition and resilience than I ever had. Also, lets not forget that plenty of millennials are leaving university saddled with 50K of debt, not to mention getting on the property ladder.

Even cheap boats cost alot of money.

Where I work, with a staff of over 100 and few millennials there is one other boat owner. Go figure!

Happy weekend to all!

D.

I agree with everything you have said, except that its not a student loan! How many loans are available whereby you don't start to pay back until your income exceeds £25k. Oh, and when you are 50 they write it off for you!

It should be renamed a graduate tax - most will never get anywhere close to paying it off (with added interest). My son probably will as he's clever - but definitely in the minority....

 

[Hot Property]

Well said. This thread is nonsense.

I teach for a living and have seen plenty of driven students working part times jobs alongside A' levels, and passing driving tests (when an option of affording a car is on the table - which for many is not) and progressing on in life. In many cases with more ambition and resilience than I ever had. Also, lets not forget that plenty of millennials are leaving university saddled with 50K of debt, not to mention getting on the property ladder.

Even cheap boats cost alot of money.

Where I work, with a staff of over 100 and few millennials there is one other boat owner. Go figure!

Happy weekend to all!

D.

Duplicate reply... sorry

 

[lynallbel]

Money and most do not want to be tied to only one hobby, and an expensive one at that.

 

[Assassin]

I think another element is the bling factor and instant access to many things and this isn't just the young as people are encouraged to spend, spend, spend, and the system allows them instant credit to have it now and not work for it, after all shared home ownership, instant approved car loans, instant mobile phone contracts and instant virtually everything so they can have it now and pay some time never.

 

[Lisa&Paul]

Personally my dream to own my own boat only took 40 years to materialise !! Having done the water ski , scuba, wakeboard, windsurf ( Corfu to mainland Greece ,first attempt, offshore wind and couldn't turn it round lol) and finally jet ski experience till kids grew out of it ( a really good induction to disposable capital !! )……….

The delay caused by what has been mentioned by others above …...Running a business , house purchase and renovations , marriage...s' !!! and the D vorce s' compulsory kids x 4 ……….So any disposable income in the boat fund was soon sunk without trace …..UNTIL ….

Taking a gap year ( decade or two hopefully ) from the above at the ripe old age of 64

Having realised two dreams recently …………..

Final meeting the most amazing woman ( recently married and deffo 3rd time lucky ) who amazingly had always shared the same dream as me ……..

To stand on a pontoon and throw £20 notes into the sea lol …...And enjoy every well earnt damn minute of it ….

.Course having a Cyprus postcode helps !!!

 

[oldgit]

Nothing new.
Old gits moaning about the young.

+1