Used sailboat market predictions
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- čas přidán 26. 08. 2024
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Welcome to Chasing Latitudes! Have you ever imagined the smell of the ocean air as your boat crashes through the waves? The freedom that comes from casting off the bow lines and heading out to sea to explore new places you can’t reach by car or airplane? Then this channel is for you.
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My channel is specifically meant for one thing and one thing only, to help YOU find your new to you fancy-dancy yacht of your dreams and get on the water in the fastest, most time efficient manner.
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Wow Chris, glad I stuck around to the end. What an amazing and heartfelt tribute to Tim. I wish I could have had an opportunity to know him as you did.
Thank you
I've been sailing since back in the 70's, and you always show me something I've maybe missed or not really paid attention to b4 because I wasn't the owner, just crewing on real racing and other various boats of acquaintances and friends made all over the place because of sailing. I encourage anyone even vaguely thinking about buying a boat to listen to you!! I mean geeez if "everyone in the market" did listen it may even drive down the absofukinlutely ridiculous prices a bit more!!!! Commiserations to the family, sorry for your loss, great tribute btw. Now get out there! cheers from Fremantle, Australia!
Thank you
That was a beautiful tribute to your friend. I’m so sorry for your loss 🙏🏻
Man I need to rob a bank or win the lottery….. Why didn’t my Dad have money?? What a jerk he should have done better.
I like the bank idea… just saying
If only my dad hadn’t tortured me for so many years .. perhaps I would’ve had a chance to recover mentally and get a stable job
Sounds like a you issue not a me issue
Get a boat and port to port, rob em blind...!
After your last video of this sort, I checked used prices and my heart leaped with joy. Glad to see. There's hope!!! Some ex- charters have " Irma " damage repaired to specs-- should I be nervous about these? Jeanneau 349 would be the perfect size for me-- love, love, love those!! No expiration on the $1000 wow!! Selling my house would immediately solve the $$$. Love the clothes you've got for sale.
Amazing
With the economic downturn scheduled for this mid to late summer in the United States,So I don’t see an upturn in sail boat prices anytime soon.
As for the american economy, 2024 will be jeopardize when the inversion in the bond market will be corrected. Since 1950, ALL inversion of the 2 years /10 years bonds were repositionned after an interest % drop from the FED. This is coming in the next months. Each time this happened in the past,, a negative correction between 25% to 60% of the Stock market occured. There will be a massive loss of money and jobs since a good percentage of companies are already labelled with the zombi status. We are assisting at the prepared/programmed demolition of the American Empire.
Boats are like planes and exotic cars, they are status related. But what happen when banks credit shrinks, and mid-class boat owners are decimated by their evaporationg profits + sinking credit line, boats price should go down substentially For me, a boat is a way to get out of dodge when SHTF. So I will still waith for a few months for the FED to push the economy over the cliff...
I agree, we live in madness, in Australia we participate in fake capitalism like the rest of the west. Monopolies become efficient business models, as we print more money and steal it from the working population. These boats will be cashed in.
Chris - I am a subscriber and an irregular viewer of your channel. I have read many comments by Tim aka abcgang on your and other sailing channels and am so shocked and sorry at his unexpected passing at such a young age. My condolences to his family and his friends and have made a donation on the gofundme in his memory.
Thank you
@14:30 "Brokers have a dog in the fight," i.e., they overprice boats to fatten their commission. Maybe, in a sellers' market. On the other hand, underpricing the boat will result in a faster sale, i.e., a quicker and more certain commission. In a soft (buyers) market, expect underpricing will be more likely than overpricing: inventory will be piling up and the brokerage has recurring expenses that motivate it to move boats to new owners. ... A survey of real estate sales some years ago found homeowners got higher prices when they sold their own homes, compared to when they listed with a Realtor. (The survey also found Realtors priced their own homes higher than equivalent homes of clients. Two good reasons for this; they sacrifice a few dollars' worth of commissions to generate commissions quicker, and their clients appreciate unloading the property quickly --- not realizing there is a cost to this, the reduced selling price.)
Good job Chris! Hope to hire you soon on my journey!
I think, by the end of the year there will be lots of boats being repossessed. You might be able to snag a Moody DS after all Chris.
Hope you are right
Sorry for your loss, you are a great friend to help look after his family.
What generally contributes to the 10% difference between ex-charter and privately owned? Use and abuse? Less maintenance/care, etc?
Love your videos sir! I have learned so much from your content. Next year or at the end of this one I will have enough money to afford a sailboat. Looking at the 40-50ft range and the dream is to first of all sail around the world and then do that a couple of times again. Also sorry for you losing a person very close to you, I know how it feels. Much love and stay strong. And thats for everything else! Happy new year.
Thank you
Great video Chris, great boat market information and a tribute to a dear friend. Much better than anybody's sorry "cry face" video. Never do I feel like I wasted 20min of my life watching Chasing Latitudes.
You are the goat. Glad I found you.
Sorry for your loss, wish I knew how to express myself as well as you do. Well done.
Wow, this video on used sailboat market predictions was really insightful! Hang in there, keep dreaming, and remember that sailing is about freedom, regardless of market predictions!
Really enjoyable info. I believe your info is for boats that offer comfort and class, seemingly the 35-50ft class with the space to offer layout options for a live aboard. But what happens if you step out of your comfort zone, and talk about a coastal trailer-sailer for only a weekend or week sail? Like maybe the beneteau oceanis 30.1 or corsair 880, etc. where your honest style of critique would be interesting.
Just helped a client buy a Corsair 😁 also have failed the 30.1 and love it
I’ve just heard the worst things about buying specifically from Moorings. But that 41.9 looks great!
They can be a pain, you need to be very careful what broker through them you go through
So very sorry for your loss, Chris.
Thank you
Learning a lot on this channel thx!
thank you for watching
You said hurricane damage isn't a big thing for you. I'm surprised and would like to hear more about that.
Ok it started about 30 minutes in. 🤗
How do you tell ex-charters?
I hope you are right, I retire in 12 months.
how do you tell they're charter boats or not?
Hi Chris! Any insight on trimarans?
Nah not for me my man
15:27 - what website is that...?
Moorings brokerage
Chris is going to be banned from yatch world soon hahah
Lol 🤣
Chris your channel is like the insider, you must be a hemorrhoid to the yacht sales.
I wonder what captian Q thinks of your channel.
I hate drugs, I'm glad you throw those similes in. I hope one i gain enough experience to make the leap of faith and sail the world.
😁
Brokers have had it fat and easy for so long the number of them that ever had to do work to sell a boat are probably tiny. Of course they suck at it when times get tough.
Very interesting take on the boat market. Prices already are falling and we haven't had a recession or worse yet. It might not even start for 6-12 month, JMO. Things to watch, Job market, RE prices, Stock market, energy market, inflation/interest rates and the bond market. If these pathetic idiots drag us in to a war in the middle east fuel will go up, inflation and interest rates therefore will follow.
Real estate is at all time highs, stock market at all time high, stocks could keep going for a another 6 months, but it shouldn't PE's are nuts. RE looks like it's getting ready to shit the bed. 34 trillion in debt, probably close to 200 trillion in unfunded debt. If we can't get the other stupid countries to buy our bonds watch out. I'm thinking a real shi show within 18 months or less. We borrow 2-3 trillion just to pay the bills. This can't go on forever. I Hope You are right and I am wrong.
VAT
I don't think you understand what vat is or how it works
corrupt brokers