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Many people long to own their own boat and there is something about man and water that has us longing for the sea. Currently, boat prices are down 8% in many places from 2004 prices and Projections say another 3% expected and analysts are talking 7-11% less than 2004 prices or even more. Why have boat prices sunken so low? It seems that folks cannot take second mortgages as easy due to real estate calamity. Yacht sales companies complain that they have cut prices and staff to adjust to the fewer sales stating some boats are selling at 1998 prices now and expect a further drop. Perhaps if you have the money, it is time to invest in that boat of your dreams now or in the near future. Yacht sales companies on the Pacific, Atlantic and Gulf Coasts all report severe drops in sales, taking the prices right down to the bottom with them. Great time to buy a boat of your dreams and yet not a very good time to sell a boat unless you are trading up and thus it is all relative really. When will boat prices recover ask many marine enthusiasts? Probably not soon, some even wonder if they will recover in their life times. One Marina sales woman confided in me that, she is getting out of the business, “It’s Dead” she said. Another who runs a Boat Sales/Auction website tells me that advertising sales have picked up, but not much is moving and nothing is moving for the asking price. Economists wonder if this is just one more Industry Sector that the Housing Crash will take down with it. If the Democrats take office, some in the industry are considering throwing in the towel. What say you? L. Winslow is an Economic Advisor to the Online Think Tank, a Futurist and retired entrepreneur http://www.worldthinktank.net Currently he is planning a bicycle ride across the US to raise money for charity and is sponsored by http://www.Calling-Plans.com and all the proceeds will go to various charities who sign up.  Related PostsPost a comment
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