Demographics is the major factor with Yacht sales.The Covid premium on boat prices is still alive in Northern Europe...but..
..with war, inflation running high and low consumer confidence, are things slowing down? What's the broker / used sailboat market doing in your part of the world?
I'd say - it depends.I see prices continuing to escalate. New, used, power, sail, big, small, all of it.
Except maybe superyachts.
If the loan costs 5 percent and money in the market generates 10 percent ….you wouldDo people get loans and pay interest for luxury items like boats?
Why?
Yes. I did. Amazingly Slug is right. I went with basic math.Do people get loans and pay interest for luxury items like boats?
Why?
That is nonsense.If the loan costs 5 percent and money in the market generates 10 percent ….you would
And you'd better have the carry if your position becomes a long-term one.That is nonsense.
The only time it makes financial sense is if the proceeds of the loan are invested in the market.
In the case of using the proceeds to buy a boat, a boat is generally a non-performing asset - it generates 0 percent return at best.
Listen to Sluggo people.Cash in your capital gains and your tax bill is huge
you guys need a lesson in money management
this is how billionaires , with no income, own megayachts
. . .only in our wildest dreams . .a boat is generally a non-performing asset - it generates 0 percent return at best.
For a pleasure craft yes.That is nonsense.
The only time it makes financial sense is if the proceeds of the loan are invested in the market.
In the case of using the proceeds to buy a boat, a boat is generally a non-performing asset - it generates 0 percent return at best.
If you could reliably really reap those rewards in the market why wouldn't the lenders put their money in the market instead of loaning it to you?If the loan costs 5 percent and money in the market generates 10 percent ….you would