Buy /Sell
 

With the state of the economy and everything costing more and investments tanking do you think people can keep there toy's and extra homes. Or will there be a massive sell off coming?

We just put a for sale sign on our 2008 350 Sundancer over the weekend (not because of the economy), going to list it officially the week of July 4th. We will be looking for something different again but not right away, maybe a smaller CC but will sit on our cash to see what else happens. Personally I think you will see a fair amount of people get more and more cautious and do the same but on the other-hand I also think those that have the money are still spending the money. I have noticed over the past month-6 weeks on my service drive that the normal people that come in and say "whatever it needs" are slowly starting to pick and chose the services they want.

my guess is all assets tank as economy cools. inventory of boats, RV’s, houses will increase.

Everyone I know is busy as they can be, companies can not keep up with the work etc. I would think if you own a 500K plus boat multiple home and what not it really doesn't matter. Like always the middle will be hardest hit, poor is always poor, money always have money.

Two homes, three cars, a truck and a boat and not selling.

I'm hoping the market has a down turn for selfish reasons. I am waiting to buy another boat and the ones I want are just too much for me right now (33/36 Outlaw, Cafe Racer / Top Gun, or similar). Hoping for 2008 pricing. :party-smiley-004:

With the current rate of inflation, I would rather have assets and real estate as opposed to cash sitting in a low to no interest bearing account.

Assets like ETF’s which are getting crushed…? Cash is trash…but as Ray Dalio would say stocks are trashier. There is no where to hide from inflation and a cooling economy. Think that’s the definition of stagflation. Real estate holding up decent but only a matter of time…interest rates are pricing everyone out. Inventory is on the rise. Hope everyone is buckled up. Gonna be a bumpy ride.

Aren't you selling your boat now? 😉

I'm selling or well it's for sale. Starboard k plane cylinder sticks here and there, otherwise push button and 496 gives 100 percent.
Put a hundred hours on it, 10 times that cleaning, love the boat but don't enjoy it anymore, done with boating. i'll make a good deal for someone.