So by my waiting around 5 years to sell my old 272 I might get a 1/3 of what I put in it. Hell yes there's always a up side

Its supply and demand. Poor economy two presidential administrations ago led to lower production and sales. Therefore now there is a shortage of quality used boats on the market. Many new manufacturers were affected by the pandemic with everything from employee to parts supply chain problems. On top of that less people were traveling or going out to eat and therefore had money to dump into luxuries such as boats, further driving prices up. Its not just boats. The high end car industry, jetskis, atvs, motorcycles, etc have all been affected and are seeing a surge in prices.

I was just at the Palm Beach boat show and most companies I talked to cannot get resin due to the freeze in TX earlier this year. The plant is supposed to be back online at the end of this month. Boat building stopped for many manufactures.

I ordered a boat and it will be at LEAST November

Shoot your doing good then. Some manufacturers are November of next year!

Yup, any decent brand fish boat is sold out of 2021's and half way into 2022's already.

I like to think of what I ordered is decent and its planned for November this year LOL

Congratulations! Post some pics when you get it.

Mercury Parts and Even Maintenance parts are in short supply as well. Back ordered

I have a 28 skater that I redid over the winter. New paint, new interior, and 2013 300xs's with less than 300 hours. I would sell it if somebody wanted it. $135k.

Tom


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Trailer just completely redone as well. new tires, axels, and converted to electric brakes.
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judging from the last 2 years in the swap shop and on facebook, all the used boats have been parted out, thus a shortage driving prices up,,,,,

:party-smiley-004:

Every market is price gouging, trying to create inflation to a point, that us poor folk will fall in line with a social credit system foe the powers that be.
(“if this post sounds lame...sorry, just trying to reach enough status post to post pictures”)

Have a 99 Active thunder 37 id sell and a 91 311 formula id sell. probably part out if not.

I would offer a (bill farmer) pre fountain..excalibur 33. It was de powered last fall for another project I am working on. Would need engines and drives & trim tab indicators were all that was removed. Boat ran great, dry
Overall it’s in good shape. Have a fountain road master trailer for it.

Or a 38’ Chris craft Corinthian. You move it. LOL.

Update. The 2007 Advantage X-Flight that I considered selling back in 2017 for $65K just sold for $94K. They say I should get the new one around March. The used boat market really is insane.
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WOW! Congrats...this whole market / economy makes absolutely no sense.

The crash will be epic!
But I have no clue as to when it will occur, I predicted the local housing market to pull back a bit before COVID, because it was going nuts.
Boy was I wrong!

Some around here say the housing will take a couple years but unlike 08 crash the homes are being bought with CASH, or like 50% down. I can not see people walking away from homes with that much skin in the game.

I was told the other day that anybody and everybody who was behind on house payments was getting extensions and minimal pressure (if any) to make payments, but those extensions keep adding up (cannot be put on the back-end with mortgages), and very soon will be required to be paid in full, one lump sum - thats gonna be a big wakeup call and a lot of foreclosures hitting the market at the same time.

Your logic makes sense, however most of the people who took advantage of the mortgage relief stimulus still have plenty of equity in their homes in this market, so if they are facing large fees to catch up, all they have to do is sell their house and will probably still walk away ahead. I doubt there will be a flood of foreclosures. Once demand slows, that’s when the tides will turn.

Its all boats going crazy right now. For the past year and a half Pop yachts sends me listings daily for older trawlers and sailboats in the 35-40 foot range. If its not complete junk like a majority I viewed appear to be they are asking crazy prices and many are selling .

A couple on our liveaboard dock here in Fort Myers own a 1980 41 Defever with a single Diesel with unknow hours put it on the market for $65 000 last week. I thought they were dreaming.

3 buyers lined up for it the next day.

Yeah, they are the loans that are going to hit the wall. LOTS of people wanted the free living with no expenses when COVID hit. One of my friends does bankruptcy, foreclosure and real estate law. I was talking to him the other day about the current market he said there is a frenzy of calls right now for people trying to figure out what to do with their COVID mortgage forbearance. Lots of these people owe $20,000-$40,000 in forbearance. I think the Biden admin is going to forgive a lot of it but it will screw a lot of people unless they refi - If then can refi they are good, but a lot cant.....

The free money is going to stop and a lot of people are saying it will be fine, but i think the market and real estate will correct when the COVID mortgage programs, PPP and EIDL stop/are due. Heck, I know another dude that teaches trading and options classes, he told me 80% of the people are trading EIDL money... and a lot lost that trading.

SMH, what a bunch of clowns.

I am told that these people CANNOT "REFI" without paying the back payments in full first, and that is where the issue is.

Thought this was a pretty interesting piece of news today...What do they know coming down the pipeline. ...





https://www.zerohedge.com/markets/wells-fargo-infuriates-customers-abruptly-shuttering-personal-credit-business


​​​​​​Wells Fargo just announced that it's shutting down all of its existing personal lines of credit - a popular product offered by the retail-focused Wall Street giant - a move that will likely infuriate legions of customers.

The revolving credit lines, which will be shut down in the coming weeks, typically allow users borrow $3K to $100K, were pitched as a way to consolidate higher-interest credit-card debt, pay for home renovations or avoid overdraft fees on checking accounts attached to the loan.
Customers have been given a 60-day notice that their accounts will be shuttered, and remaining balances will require regular minimum payments, according to the statement.

They are either getting ready to be sold, or their debtors are at the max and they are upside down and not making payments.

Trying to avoid a Repeat of conditions leading to 2008 bank collapse

Wells Fargo was such a train wreck for their clients when the COVID hit I bet a lot of their business customers went elsewhere.

I hate that bank, they bought our mortgage then tried to force us to get high risk flood insurance even when FEMA said no,our flood plan administrator said no and the insurance company said no you are not in a high risk flood plain. of course they were more than willing to send me to their insurance division. Refinanced,,, done.

WOW! That is interesting. Thx for sharing!