Slip fees have gotten stupid, gas is stupid high, marine parts and services are stupid high. Marine mechanics and service providers are stupid unreasonable. Insurance is absoutely unbearable. Nothing about boat ownership is justifyable. The cost of buying the boat is bad, but it's everything that goes along with the boating lifestyle that is stupid expensive.
Yes - slip went up 45% in 5 years, storage up 48% in 3 years. Insurance up 13% this year. Our 25year old boat maintenance is never ending and tech prices up 35% in last 5 years. Even if you own it outright, everything that goes with a boat prices you out.
@@NoRegretsLifestylesincere thanks for your time, effort, and expert thoughts behind this video. As an old salt in mid 70s, I’ve seen the market flex much more dramatically than the general economy. The last recession drove manufacturing to cut back and prices to rocket. Boats have inflated values due to lower sales and lower competition. The next recession in boat values or, burst of the bubble, will occur and continue until the real value is the same as the market value .
I am new in the boat world and what a blessing it is to have people like you open and ready to help others. I know a downturn is coming and I would like to take advantage of that at the right time.
All the people that bought a boat during the pandemic have reached the end of their rope trying to maintain/pay for them. Given how outrageous the prices got during that timeframe this market correction is long overdue.
The usa economy is the real driver, it is completely screwed. Debt over 35 trillion, central banks all selling usa bonds, the rest of world dedollarising and not interested in buying usa bonds. The usa us bankrupt, morally, and now financially
The boat market has been crazy high for the last 5 plus years. What goes up, must come down.... Slip rentals, transient rentals, insurance, fuel and interest rates have all contributed to the lower boat prices.
We sold our 42 Bertram in November, 2023 and had originally planned to buy another boat. But, we’re watching used boat prices crashing, too. They are a long way from the bottom.
@@marriagepartnersministry5942 , the interest rates will be dropped to influence the election. But, it will be necessary to raise them again after that for the same reason they were raised in the first place.
I’m looking for a livaboard sailboat in the Honolulu area because housing prices are completely unaffordable. $1.2 Million for a fixer-upper in need of fixing up is just not possible. Also, I want to sail to French Polynesia some day soon. I hope to get into a boat that’s less than 20 years old and in need of electronics and sail upgrades, but I worry the most about the price of insurance.
You're talking a 30 percent mark down. That is a pretty big mark down to move a product. I noticed my local Walmart just increase the aisle size to make the store look full, but they are carrying less product. Plus, a lot of clearance items all over the store. Walmart usually gives you a great picture of what is going on in the economy.
Three years ago my cousin was in the market for a second hand boat. 40 foot range. Finding a boat was no problem but finding a slip was impossible. Boston MA to Providence RI
With this info would you say its economical buy a catamaran to live aboard and travel multiple coast ? Are the values low right now for these vessels? Parts aquisition may be the same but why stay docked to shell out $? Is the value reduction 25% across the board?
I want to purchase a boat but I can’t get insurance on it to get it into a marina to fix it so I can sail it away. I would imagine I’m not the only one.
This is basically the same as 2009 , FAR FAR from the bottom, Home prices fell 65% in my area and vehicles , TOYS , fell HUGE also ,, went on for almost 3 years..
In BC, govt has been jacking leases 50% so marinas charge 50% more. We have all these boats not sailing. People are still asking way too much. Keep lowballing offers to drive the prices back down to reality
Home values in exurbs, suburbs and cities need to crash. They have been insane for decades. And I do own, yes. I dont care. I want my tax bill lower :-)
Some of it is where the boat is in its depreciation curve. Newer stuff is going to drop more/faster than the older stuff. A bit like old cars and motorcycles.
I'm sure they have much farther to go. You're talking about a 13 year old boat that hasn't been used much. It may be running good the day of the survey but being a marina queen it might not have had much preventative maintenance done. Hoses, belts, seacocks, wiring etc all suffer from age, not just hours. For example during COVID 30-40 year old Taiwanese trawlers doubled and tripled in price and they simply have almost no value. The price of rewiring, replacing black iron tankage, fixing soft decks and water damage make them give aways to be honest.
Awesome video Paul.....As I've said, It's been difficult to find the perfect boat. I've been looking for a boat 40' - 45'. It must come with low hours, "AND" a beautiful woman 45-50 years old, she must be able to drive the boat, maintain it, and must be rich. If she's not rich, that's a deal breaker in this market. So, I changed my criteria, "she" can be 50-55 years old. But now, there are a lot of good deals with the prices dropping. Not sure what's cheaper, and maintenance costs? The trawler with diesels, and low hours or the woman? 😋😋😋
Ah, this 50 plus female is looking for a sailing catamaran. However, I think it would be less hassle just to get the boat and figure out how to single hand :D
It is a disappointing market for those of us looking to sell. I was offered $35k for my $105k boat, a bottom fisher in my opinion and it appears to be getting worse as costs increasing in my area New England.
26% off and then you need to get rid of it. Ya boat prices are going to be closed to scrap values in a year or two(joking). Slip fees, marine stores markups, expensive fuel, crazy maintenance, and lost personal time. Only saving grace is rent prices in large cities make live aboard and option. But these people look for bottom of the barrel boats many of which never move.
It’s not cool at all if you need to sell your boat friend. You invested your life savings in it and now it’s worth half what you paid for it. Pretty devastating.
@@maxsparks5183well said. I do not wish hard times on anyone. During the GFC I had good friends with kids in college terminated in the financial services industry when their good paying jobs were shipped overseas. It was devastating to families. More people need to vote the right way so we bring jobs back to the country instead of causing businesses to seek out cheaper labor elsewhere because it has become too expensive to use our own people.
It's about time, and I'm relieved to hear it. COVID prices are a stupid, greedy plastic bubble, so good riddance. People everywhere just need some price sanity, in all areas of their lives. Boats, cars, homes, rent, it's all just crazy stupid over priced. I know many do not want to hear this, but the fact is, it's a bubble. It amazes me that so many people cannot see it.
Interesting how noone ever talks about how much markup is on these boats. Until ppl start fighting back on these prices it will never change. Just because it says marine on it doesn't justify a 200% markup.
I'm a woody boater and have noticed prices dropping big time on classic power & sail. Unless it's a classic yacht of very high pedigree, they are going for way less than they were a few years back. Between the cost of dockage & insurance the lifestyle seems to be going back to what it was in the 1920's...only for the very wealthy. Sad times.....
A lot of these boats up for sale have no value left in them and probably should be free What I could never understand is why these owners keep dumping money in slip fees just to sit there and rot away
I looked at a new NauticStar 25' hybrid boat this spring. 180,000 dollars. The boat was just what we were looking for and was nice but not $180,000 nice. That seems crazy expensive for what you're getting.
I wouldn't say it's crashing, more returning to realistic pricing. The pandemic inflated pricing to unrealistic levels. This is good, unless you were dumb enough to buy at the elevated levels.
Hey man I've left a few comments love watching and am getting to the year out from buying a boat. Was hoping to chat you up. There's a good chance I'll buy a older Flemming in Seattle and would want to bring it to Florida. Any thoughts? My name is Steve don't know how to message any other way then this with you
If that bendytoy sold at 80,000 off ask and it surveyed perfect then we might be looking at a realistic value. Now new build are insane averaging 1.3 million for a 47 foot mono or cat sailboat.. The top brands. Just insane. I was pricing a new alures 47. 1.3 mil
Price of slips , marinas and fuel ever the boat Dealer is messing with people. It's really a big mess and it will correct when people wake up and stop giving them exactly what they want. 😅 0:200:21
I have a new walk-through channel. Do you have any suggestions for type of boats or ideas in general for me to build a channel with the market as it is? Thanks harbor Pilot yacht tours
I would like to comment on this no one really talks about it much. Back around 1988 1990 . As far as the Great lakes . Like Chicago lake Michigan and such . Bowling was really popular and you had to put your name on a waiting list . It was literally 5 to 10 years to get a boat spot . Depending on what harbor it was in. The harbors were 100% full . 5 years ago 8 years ago . They're only 50% full you could get a spot anywhere you want no problem . And that is in Chicago ! If you go North to like we're Waukegan . People used to go to that harbor because Chicago was full . I put my boat in there and there was like 70% vacancy it was like a ghost town . Years ago when you went out in the water 💦. You would see a lot of boat traffic out on the water when you're out there . Now it's an eerie creepy feeling like you're the only person on Earth 🌎. The prices of the pure spots are really cheap also . They can't even hardly give them away . You know what it is it's not really the price of boats or the price of maintenance or fuel or whatever . Even sailboating is way down . What it is the younger generations are not interested in boating as years go by old people die off or get rid of their boats . People that are 16to 30 years old . Are not interested in boating like other generations were in the past . The percentage % of young people interested in boating . Is extremely low than the other generations .
Great information. I would love to do the Loop in a year or so. I have a place on the San Bernard river in Texas that has easy access to the IWC. Now just need the boat (oh and get my wife to agree) I have been looking at some restored Monks. I like the look of those old boats.
Are you an accredited and certified surveyor, i.e. member of SAMS or NAMS? Do you have any hard data showing an abnormal market price drop? I'd be interested in seeing that data to support your comments seemingly based on the one example you cited.
I did a quick survey of a few new/used marinas in the Sarasota area just because I was driving by the airport. Was surprised to see the lots stuffed to the gills - one had hulls jammed so close together that getting one out would require moving about 8 other boats. A mix of new and used in the three places I checked suggested prices were dropping on new hulls, and dropping much faster on used hulls. A new 24 footer with a below-deck mini stateroom and a head from a big manufacturer...$105k list and "we can work on that number". Used boats under ten years old well under $100K. I was tempted by a 2019 24' CC with low hours for $60K. I won't say "crash", but maybe "getting close to reasonable". A decent number of covid-era boats were being sold where they didn't even bother to register for 2024. I always thought that would happen. Just not sure I want a boat built during those days. Anyway, go look. You might get surprised.
Those complaining about slip fees need to realize that it is only natural when the boating market flooded fees would go up. And unless/until some of the boats cease to be boats fees will remain high. Keep in mind that new sales are still booked out to crazy lengths. It will likely be a long time before the market truly stabilizes for the affordable boats.
It's asset prices. They are through the roof still. Stocks and house values at nose bleed levels. Asset holders are the ones buying boats. Until assets get hit they will remain elevated
People are just trying to flog old boats and RUclips makes it sound great to buy old junk. The reality is good boats for sale will sell. Sometimes it takes a little while to find the new owner.
@maxsparks5183 Your boat is only worth what someone else will pay you for it. Not what you paid for it, or owe on it, or think it's worth. If it's not selling, it's just priced too high. True with everything, really.
Hoping down??? Lololol You obviously know nothing about boats and marinas. Slips have never been higher, $22.50 per foot, AND good luck finding a slip.
Try older sail monohulls if you want to find price collapse. Good quality boats which will carry you across oceans in the 40 foot range are listed under a 100k and sitting on the market. Meanwhile cats continue to be overpriced, poorly built and generally ugly. Go figure.
@@capitalm1257 That’s your opinion, but money comes and goes, time does not!!! So if money really matters don’t buy a boat, he won’t be the richest guy in the grave yard
@@NoRegretsLifestyle you do not get it. It happened before . So the first item to go is your boat followed by sports car and a holiday house. Whats more it is happening now again. Good luck Dude
The boat was not priced correctly. It wasn't an 80k haircut. To claim that there is a market crash and panic selling from two examples of overpriced boats is ridiculous and calls into question your credibility. You need fair market comps to determine value. Fair market value is the price that a boat would sell for under current market conditions, assuming that both the buyer and the seller are seeking the best possible price.
You know what dude, the boat was listed with a broker at 300k just like the rest still are, so I can only call what is actually happing, I am not defending the 300k price. But they did drop the price 80 k where the rest should be
Or... Are you an old salty dog trying to generate buzz and business for yourself and selling customers. Boats are a money pit. Let us know when they start giving away boats. 👍
Slip fees have gotten stupid, gas is stupid high, marine parts and services are stupid high. Marine mechanics and service providers are stupid unreasonable. Insurance is absoutely unbearable. Nothing about boat ownership is justifyable. The cost of buying the boat is bad, but it's everything that goes along with the boating lifestyle that is stupid expensive.
There taken out of reach for most anymore
capitalism is for winners. you want a participation trophy?
We had a Carver flush deck years ago. We can't afford it now.
Yes - slip went up 45% in 5 years, storage up 48% in 3 years. Insurance up 13% this year. Our 25year old boat maintenance is never ending and tech prices up 35% in last 5 years. Even if you own it outright, everything that goes with a boat prices you out.
@@NoRegretsLifestylesincere thanks for your time, effort, and expert thoughts behind this video. As an old salt in mid 70s, I’ve seen the market flex much more dramatically than the general economy. The last recession drove manufacturing to cut back and prices to rocket. Boats have inflated values due to lower sales and lower competition. The next recession in boat values or, burst of the bubble, will occur and continue until the real value is the same as the market value .
I am new in the boat world and what a blessing it is to have people like you open and ready to help others. I know a downturn is coming and I would like to take advantage of that at the right time.
Thank You so much 🙏🏽💙⚓️
Greed of marinas are already harming boating and themselves. They are destroying themselves.
You are
SOOOOO RIGHT.
All the people that bought a boat during the pandemic have reached the end of their rope trying to maintain/pay for them. Given how outrageous the prices got during that timeframe this market correction is long overdue.
I agree ☝️
RV market, atvs, any recreational toys are dropping fast, too!
The usa economy is the real driver, it is completely screwed. Debt over 35 trillion, central banks all selling usa bonds, the rest of world dedollarising and not interested in buying usa bonds. The usa us bankrupt, morally, and now financially
I know people who buy boats to flip. They're whining now. That bubble has burst.
100% 💯 good stuff and good prices is what’s selling
Here in SW Florida its hard to find a place to just dock it.
Prices are crazy.
And a liveaboard....... forget about it.
Prices on all new boats is insane!.especially center console fishing boats!
The boat market has been crazy high for the last 5 plus years. What goes up, must come down.... Slip rentals, transient rentals, insurance, fuel and interest rates have all contributed to the lower boat prices.
All of it has to come down to
Great video Paul. Keep these market updates coming for those who are beginning to put their toe back in the water! 😎
We sold our 42 Bertram in November, 2023 and had originally planned to buy another boat. But, we’re watching used boat prices crashing, too. They are a long way from the bottom.
Well the good stuff still going fast
How do you know where the bottom is? Interest rates are likely droping this next quarter so why do you think the bottom isnt in yet?
@@marriagepartnersministry5942 , the interest rates will be dropped to influence the election. But, it will be necessary to raise them again after that for the same reason they were raised in the first place.
@@marriagepartnersministry5942 , we’re probably only at 2007 right now.
The rates are dropping as a reaction to the weak economy. Rates do not cause prices to rise or fall more than the economy.
I’m looking for a livaboard sailboat in the Honolulu area because housing prices are completely unaffordable. $1.2 Million for a fixer-upper in need of fixing up is just not possible. Also, I want to sail to French Polynesia some day soon. I hope to get into a boat that’s less than 20 years old and in need of electronics and sail upgrades, but I worry the most about the price of insurance.
You're talking a 30 percent mark down. That is a pretty big mark down to move a product. I noticed my local Walmart just increase the aisle size to make the store look full, but they are carrying less product. Plus, a lot of clearance items all over the store. Walmart usually gives you a great picture of what is going on in the economy.
I think so too
Three years ago my cousin was in the market for a second hand boat. 40 foot range. Finding a boat was no problem but finding a slip was impossible. Boston MA to Providence RI
That can be tricky as well
TOTALLY AGREE, MIKE....
With this info would you say its economical buy a catamaran to live aboard and travel multiple coast ? Are the values low right now for these vessels? Parts aquisition may be the same but why stay docked to shell out $? Is the value reduction 25% across the board?
I want to purchase a boat but I can’t get insurance on it to get it into a marina to fix it so I can sail it away. I would imagine I’m not the only one.
This is basically the same as 2009 , FAR FAR from the bottom, Home prices fell 65% in my area and vehicles , TOYS , fell HUGE also ,, went on for almost 3 years..
In BC, govt has been jacking leases 50% so marinas charge 50% more. We have all these boats not sailing. People are still asking way too much. Keep lowballing offers to drive the prices back down to reality
Great info I am hoping it drops for a couple more years when I am going to be in the market then. Thanks for the info.
Thank you 🙏
Home values are crashing as well. Sad times ahead.
Home values in exurbs, suburbs and cities need to crash. They have been insane for decades. And I do own, yes. I dont care. I want my tax bill lower :-)
Some of it is where the boat is in its depreciation curve. Newer stuff is going to drop more/faster than the older stuff. A bit like old cars and motorcycles.
@@steveale0711 agree and price point
@@NoRegretsLifestyle 40 year old trawlers meticulously maintained should hold or slightly increase. 😉
Good. I am looking for a bargain right now.
Good luck!
Used airplane values began heading South about a year ago.
Vacation homes boats n planes are first to go in market downturn.
I'm sure they have much farther to go. You're talking about a 13 year old boat that hasn't been used much. It may be running good the day of the survey but being a marina queen it might not have had much preventative maintenance done. Hoses, belts, seacocks, wiring etc all suffer from age, not just hours. For example during COVID 30-40 year old Taiwanese trawlers doubled and tripled in price and they simply have almost no value. The price of rewiring, replacing black iron tankage, fixing soft decks and water damage make them give aways to be honest.
100%
Awesome video Paul.....As I've said, It's been difficult to find the perfect boat. I've been looking for a boat 40' - 45'. It must come with low hours, "AND" a beautiful woman 45-50 years old, she must be able to drive the boat, maintain it, and must be rich. If she's not rich, that's a deal breaker in this market. So, I changed my criteria, "she" can be 50-55 years old. But now, there are a lot of good deals with the prices dropping. Not sure what's cheaper, and maintenance costs? The trawler with diesels, and low hours or the woman? 😋😋😋
The Trawler still 😂😉🙏👍🏻
I have a trawler and a ladyfriend. The Trawler is much cheaper to maintain.
Ah, this 50 plus female is looking for a sailing catamaran. However, I think it would be less hassle just to get the boat and figure out how to single hand :D
It is a disappointing market for those of us looking to sell. I was offered $35k for my $105k boat, a bottom fisher in my opinion and it appears to be getting worse as costs increasing in my area New England.
There is a time to sell and a time to hold, and getting it right is never good. But we don’t get are time back
26% off and then you need to get rid of it. Ya boat prices are going to be closed to scrap values in a year or two(joking). Slip fees, marine stores markups, expensive fuel, crazy maintenance, and lost personal time. Only saving grace is rent prices in large cities make live aboard and option. But these people look for bottom of the barrel boats many of which never move.
Just because a boat price is reduced tells me it was likely overpriced to begin with.
Most of them are 👍🏻
Someone tell me when the 29' and 31' Ranger Tugs crash. They seem to be holding their value.
The prices are coming down
Most of them sank.
How cool is that? I am hoping to be in the market for a live aboard soon in Florida. Maybe my timing will be good for a change....
It’s not cool at all if you need to sell your boat friend. You invested your life savings in it and now it’s worth half what you paid for it. Pretty devastating.
@@maxsparks5183 Like anything else in life. There are always winners and losers. At best a boat is a poor investment...
Best of luck!
Good luck finding a slip.
@@maxsparks5183well said. I do not wish hard times on anyone. During the GFC I had good friends with kids in college terminated in the financial services industry when their good paying jobs were shipped overseas. It was devastating to families. More people need to vote the right way so we bring jobs back to the country instead of causing businesses to seek out cheaper labor elsewhere because it has become too expensive to use our own people.
It's about time, and I'm relieved to hear it. COVID prices are a stupid, greedy plastic bubble, so good riddance. People everywhere just need some price sanity, in all areas of their lives. Boats, cars, homes, rent, it's all just crazy stupid over priced. I know many do not want to hear this, but the fact is, it's a bubble. It amazes me that so many people cannot see it.
fuel prices are still high, and the boats are being priced out at this point. No one wants to spend the money these days
Getting tougher and tougher
Poor people shouldn't buy luxury items. That life is not for them. Just saying.
@Tugela60 it takes a rich guy to die, so the wealth would pass to someone else with less! C'est la vie" just saying 😂
@dcgo44r Make your own money, don't depend on getting handouts from other people. Just saying.
Do you have recommendations for surveyor in Stuart and Cummins engine surveyor please
Interesting how noone ever talks about how much markup is on these boats. Until ppl start fighting back on these prices it will never change. Just because it says marine on it doesn't justify a 200% markup.
Yes it’s bad enough but so true 🙏🙏🙏🙏🙏
I'm a woody boater and have noticed prices dropping big time on classic power & sail. Unless it's a classic yacht of very high pedigree, they are going for way less than they were a few years back. Between the cost of dockage & insurance the lifestyle seems to be going back to what it was in the 1920's...only for the very wealthy. Sad times.....
Yes agree
A lot of these boats up for sale have no value left in them and probably should be free
What I could never understand is why these owners keep dumping money in slip fees just to sit there and rot away
It’s emotional at that point, but yes lot of them don’t get it.
"Sunk-cost fallacy"
I have a question. Does the sell pay all the fees to transfer title ? Buyer has the survey , registration right?😊
@@davidwooten4002 buyer pays for all of that
How’s the sailboat market?
300k was a crazy price to begin with.
Thats a nice boat for 220k. It will be interesting to see where the market goes.
I looked at a new NauticStar 25' hybrid boat this spring. 180,000 dollars. The boat was just what we were looking for and was nice but not $180,000 nice. That seems crazy expensive for what you're getting.
They all are, the Grand Craft we got at work was 1.2 million, it’s not a nice boat and is falling apart
Hi Captain Paul, Great video! This may be a coincidence, the stock market not liking the new economic data. Possibly recession on the horizon.
Could be
Pretty sure that's called getting near the end of the season sell now avoid winter storage fee's syndrome 🙂
we could see the prices sliding last fall and that has continued
When it comes to planes boats and classic cars it's not the price that's the problem it's EVERYTHING ELSE
I wouldn't say it's crashing, more returning to realistic pricing. The pandemic inflated pricing to unrealistic levels. This is good, unless you were dumb enough to buy at the elevated levels.
Are you seeing the same dynamic on say a 35-80 thousand dollar boat?
No
How do you really find salvage yachts?
I don’t mess with salvage, but sometimes sellers are ready just to sell
Brother in law took his expensive boat out twice this summer. Now it’s coming up on Labor Day.
Reach out says the guy with no email.....!
Hey man I've left a few comments love watching and am getting to the year out from buying a boat. Was hoping to chat you up. There's a good chance I'll buy a older Flemming in Seattle and would want to bring it to Florida. Any thoughts? My name is Steve don't know how to message any other way then this with you
@@steveborgman3987
702 885-7579 sounds like a plan brother, you know I love my Flemings
Wow just watched this video and saw a cruisers 370 Express drop 20 thousand.
It’s happening fast
If that bendytoy sold at 80,000 off ask and it surveyed perfect then we might be looking at a realistic value. Now new build are insane averaging 1.3 million for a 47 foot mono or cat sailboat.. The top brands. Just insane. I was pricing a new alures 47. 1.3 mil
Price of slips , marinas and fuel ever the boat Dealer is messing with people. It's really a big mess and it will correct when people wake up and stop giving them exactly what they want. 😅 0:20 0:21
I’ve been waiting
I have a new walk-through channel. Do you have any suggestions for type of boats or ideas in general for me to build a channel with the market as it is? Thanks
harbor Pilot yacht tours
gotta be rich to afford fuel, and boats are thirsty!
Yes 💯
Very thirst. I'm sure they could be much better.
This will not bode well for those cruisers who had their boats in Carriacou.
I would like to comment on this no one really talks about it much. Back around 1988 1990 . As far as the Great lakes . Like Chicago lake Michigan and such . Bowling was really popular and you had to put your name on a waiting list . It was literally 5 to 10 years to get a boat spot . Depending on what harbor it was in. The harbors were 100% full . 5 years ago 8 years ago . They're only 50% full you could get a spot anywhere you want no problem . And that is in Chicago ! If you go North to like we're Waukegan . People used to go to that harbor because Chicago was full . I put my boat in there and there was like 70% vacancy it was like a ghost town . Years ago when you went out in the water 💦. You would see a lot of boat traffic out on the water when you're out there . Now it's an eerie creepy feeling like you're the only person on Earth 🌎. The prices of the pure spots are really cheap also . They can't even hardly give them away . You know what it is it's not really the price of boats or the price of maintenance or fuel or whatever . Even sailboating is way down . What it is the younger generations are not interested in boating as years go by old people die off or get rid of their boats . People that are 16to 30 years old . Are not interested in boating like other generations were in the past . The percentage % of young people interested in boating . Is extremely low than the other generations .
why would anyone pay that for a 34 foot ?
Great information. I would love to do the Loop in a year or so. I have a place on the San Bernard river in Texas that has easy access to the IWC. Now just need the boat (oh and get my wife to agree) I have been looking at some restored Monks. I like the look of those old boats.
Sounds great!
Are you an accredited and certified surveyor, i.e. member of SAMS or NAMS? Do you have any hard data showing an abnormal market price drop? I'd be interested in seeing that data to support your comments seemingly based on the one example you cited.
I am not a survivor, but I only use certified ones SAMS or NAMS
What is the market for the avg 23-26 foot CC doing?
I think new boat prices are coming down as well
I did a quick survey of a few new/used marinas in the Sarasota area just because I was driving by the airport. Was surprised to see the lots stuffed to the gills - one had hulls jammed so close together that getting one out would require moving about 8 other boats. A mix of new and used in the three places I checked suggested prices were dropping on new hulls, and dropping much faster on used hulls.
A new 24 footer with a below-deck mini stateroom and a head from a big manufacturer...$105k list and "we can work on that number". Used boats under ten years old well under $100K. I was tempted by a 2019 24' CC with low hours for $60K.
I won't say "crash", but maybe "getting close to reasonable".
A decent number of covid-era boats were being sold where they didn't even bother to register for 2024. I always thought that would happen. Just not sure I want a boat built during those days.
Anyway, go look. You might get surprised.
Those complaining about slip fees need to realize that it is only natural when the boating market flooded fees would go up. And unless/until some of the boats cease to be boats fees will remain high. Keep in mind that new sales are still booked out to crazy lengths. It will likely be a long time before the market truly stabilizes for the affordable boats.
Still lots of people with money in any market
It's asset prices. They are through the roof still. Stocks and house values at nose bleed levels. Asset holders are the ones buying boats. Until assets get hit they will remain elevated
Its not a panic yet. Its a panic when you can get a lagoon 420 in good shape for under 100k.
People are just trying to flog old boats and RUclips makes it sound great to buy old junk.
The reality is good boats for sale will sell. Sometimes it takes a little while to find the new owner.
WHY? Why is your boat suddenly worth less? Someone please explain.
Because people aren’t buying them at the higher prices
You have a seller willing to lower price to sell it, it carries a buc of the exact price it’s selling for
@maxsparks5183 Your boat is only worth what someone else will pay you for it. Not what you paid for it, or owe on it, or think it's worth. If it's not selling, it's just priced too high. True with everything, really.
What about slip fees?
Are they on the way up or down?
I’m hoping down but betting up because of insurance
Never
Up is all I have seen, taxes and insurance just keep going up so do slip fee’s
@@NoRegretsLifestyle THATS WHY PEOPLE ARE SELLING
Hoping down??? Lololol
You obviously know nothing about boats and marinas. Slips have never been higher, $22.50 per foot, AND good luck finding a slip.
You mention you are a surveyor? Who are you. How can I find you?
Where is that resume of yours? It is not in this video?
I am not a survivor, I know a few of them I work with. I am a consultant.
Happy to answer any questions
702 885-7579
Delaware City representing!!
My favorite marina
Looking at steel hull boat to rescue. 50 to 70 ft
Well I would be looking at the Hatteras closely
@@NoRegretsLifestyle
I did not know Hatteras makes a steel hull?
Nobody expected this???? I did 100% boats, rvs,sxs,atvs,jet skis,campers even hot rods all are gonna be 50-70% off
...floating Winnebagos'👉dime a dozen👉hundred bucks in fuel for a trip to the foghorn🤑
Try older sail monohulls if you want to find price collapse. Good quality boats which will carry you across oceans in the 40 foot range are listed under a 100k and sitting on the market. Meanwhile cats continue to be overpriced, poorly built and generally ugly. Go figure.
🙏🤙
@@robertgranafei2781 very good comment.
Looking for a steel hull boat to rescue. 50 to 70 ft FYI
Rich folk only need so many boats...
Why is he so happy ? The boat will be worth 120K next year sprig time ?
@@capitalm1257 That’s your opinion, but money comes and goes, time does not!!! So if money really matters don’t buy a boat, he won’t be the richest guy in the grave yard
@@NoRegretsLifestyle you do not get it. It happened before . So the first item to go is your boat followed by sports car and a holiday house. Whats more it is happening now again. Good luck Dude
The boat was not priced correctly. It wasn't an 80k haircut. To claim that there is a market crash and panic selling from two examples of overpriced boats is ridiculous and calls into question your credibility. You need fair market comps to determine value. Fair market value is the price that a boat would sell for under current market conditions, assuming that both the buyer and the seller are seeking the best possible price.
You know what dude, the boat was listed with a broker at 300k just like the rest still are, so I can only call what is actually happing, I am not defending the 300k price. But they did drop the price 80 k where the rest should be
You can’t make people over pay high prices
Well, shyt. I just bought a boat. I didn't overpay though...just hope I can get it back in shape for the flip.
You can do it!
...it's not that marinas don't want boats,it's the lazy bums that inhabit them.
I’ll hold on to my old Chris craft.
Agree 👍🏻
Wheres the best place to sell a 110k boat?
Depends what it is, but Boat Trader listing works just fine
@NoRegretsLifestyle It's on my Channel. 2004 Luhrs express with Cummins diesel power. I have 2 boats so this one's ready for a new home.
Still over paid
Well you can just sit on the sidelines and wait or you can just jump in, time is much more valuable then any dollar ever made 👍🏻😉🙏
BOAT= BUST OUT ANOTHER THOUSAND
Yes
I use BOAST now. Break Out Another Several Thousand. We just sold our boat a week ago after a roller coaster ride the last few years
Tell me what doesn't cost another thousand!!!
It all costs, car, house, boat. Just live within your means.
What?
Can you say,,, Thanks Joe?
😉
All kinds of cheep boats on Craigslist, I noticed lower prices on there too, especially if it needs work, fixer upper type
Yes 👍🏻 for sure
😮
I’m surprised you made such a click bait podcast
Next year thst boat may be 150000
Don’t think we go that low, but no one knows
Trump 2024
Sure, get ready for his dictatorship and the rich getting richer. Glad I'm not an American
We're glad your not too! Red wave coming!!
Or... Are you an old salty dog trying to generate buzz and business for yourself and selling customers. Boats are a money pit. Let us know when they start giving away boats. 👍
Yes 👍🏻
A dock i paid $250 a month for 4 years ago is now $600.
Ya, it’s crazy high
I’ve owned boats and sold them all for more money. Who buys a boat with a mortgage? Stuuuuupid.
I don’t 😉