Keep up the good work your show is getting better all the time

Great questions …. Great interview ! Thanks

Great show My insurance said the same thing about a 1983 Catalina that just passed a 2023 survey . It was getting old and near a cut off date ( they did not say what the cut off was) . I started to look for a different insurance company . This is why I don't understand you pushing boats from the 70s . Sure they are old battle tanks but they are over 50 years old. Even the 1983 is 41 years old . Sure well taken care of but no sugar scoop narrow , and may need upgrades

Good information for sure… but for real a new boat drops half the value and you will get zero of the money back on upgrades. Brokers and the rest of the snobs at my marina tell me that you need to spend 300k…. All in 25k so far and I live on the boat because I’m poor does this mean I don’t get to sail. Hate these people who want to make me feel less of a sailor because I’m not wealthy. The cost is number 1 reason more people don’t sail the 2nd is the way people act if you’re not wealthy and dare to have a boat.

From my experience brokers are difficult to deal with. They are not organized for keys and access to get to the boat. Any question is answered with the Survey will know the answer . So I find it better to deal with the owner. Could be just my local dealer?? .

Superb presentation, great interview and questions! Sobering, yet not dampening the magic of boating. All the best, Marty p.s. I was gonna show this to Mrs. 51% but...nah

Thank you for the interview. Need a reputable broker interview from someone in Florida an southern waters region.

Second. Does that count?

Good interview! With this new job will you have enough time to sail this summer?

New boat entry is super expensive and not viable for many wanting into the sport. Purchase is only the start of it. As a Canadian, currency exchange rates make it more expensive to purchase a boat from the US. Add 35% for exchange and then tax on top of it. If you need to truck it home, that also hurts. I just went through this last month as I purchased a boat in Maryland and trucked it home. I checked out the new Tartan 365 at the Annapolis boat show - you need to have some serious disposable cash to get into a boat like that. It’s not reality for most so the used market is always going to be attractive. You need to constantly be searching and you may find a needle in the haystack. I’m starting my third refit.

I bought an 81 S2 26' for cash, gonna try living on it, might maybe eventually try an ocean passage with her, not even concerned with resale value ...

A subject sometimes neglected when discussing the used boat market: Many manufacturers went out of biz or out of production between 2008 and 2011-2013 or so. That is a large number of boats that should be on the market that do not exist, affecting the values of the boats that are on the market.

Historically I must argue no, 2024 interest rates are not high, they are pretty average. People who thought 3% loans were forever, then borrowed real money for a depreciating, maintenance-heavy asset, have only themselves to blame imho. _

Loving these insightful videos!!! I'm planning my future towards retirement and have so many questions. Would an episode on insurance in general be useful to many viewers? I do hear the difficult to insure past a certain age, as well as only will insure if outside of hurricane seasons, etc. Could we discuss these topics, what to expect, and most importantly how to navigate through? So I'd like to think I'm a more atypical retiree wannabe. Perhaps 90s boat, luxurious interior woodwork, starting off in the Caribbean. So yes, from an insurance troublesome standpoint: older, hurricanes (what do I do off season), how good really IS the insurance god forbid should I wish to claim as this is a part of my dear retirement, etc. Thanks as always for all that you do and share!!!

John Kretschmer wrote in his Used Boat Notebook: If you have $150,000 to spend, would you rather have a beautifully reconditioned 1975 B40 or a new 32 foot ABC production boat? Which boat will be worth more in five years ? Which boat would you rather sail ? I just had my B40 surveyed. Her estimated market value is 48% higher than it was in last survey of 2006. I’ve upgraded her yes but she’s held her value.

So, they go to all the trouble to design a great 37.1 that accommodates only those 6'2", 6'3" (6'4" in the companionway) or less. Still looking for a designer in that length that acknowledges people over 6'5", 6'6" tall in their design. See it in older (Robert Perry) designs and more current boats over 40'.

Not Last!

What will be hot depends on the local and the market. every region will be different, those new boats are $270,000. You can buy a great used boat and pay for the ownership for a couple of years for that price. People should get a copy of Don Casey's "Inspecting the Aging Sailboat" so they know what to look for. It is my bible as a look at any potential boat for myself or a friend, new or used. Be prepared to walk away if you can't fix some thing or id you can't afford to have it fixed. Even new boats come with problems, the more systems on a boat the more likely something is to break.

First

Put this way, if you have money to throw away and love the water buy a boat well newer than 20 years old and sell it way before it's 20 years old. Ya gotta really want to have a boat and have a lot of expendable cash. If your not wealthy or a financial masochist buy land with resources on it ,rather pay property tax on that

As broker I'm so sick of hearing that 80s boats have no value. Kinda like saying a 1968 Plymouth Roadrunner is worthless. A good one sells for 3 times what cost. Good boat vs bad boat. A new 37' almost anything is $400,000

Those 80s boats all should be under 20k. They just sit out here and rot because people are unrealistic with thier prices

The average American can not afford a new sailboat, this is why the sailing world is very small, a very small percentage of people sail.

Poop was hoping that the post sailboat Covid dump was coming.

If you own a company.. & you need a tax write-off, maybe dropping tens of thousands on a nice looking yacht ⛵ could be a good business plan? Its a big status symbol.. 99% of Sailboats are much like travel trailers, no building standards & mostly disposable.. just try & sell your boat & you need to almost trick someone into buying it...! 😁 Brokers are selling a 'Dream' it seems?

I can't agree that a yacht doesn't depreciate the moment that you buy it. You suggest that it doesn't depreciate like a car the moment that you buy it. Imagine that I buy a brand new yacht, fresh from the factory and ten minutes later, I try to sell it. Why would someone buy my yacht, rather than a new one? There has to be gains, reasonable incentive. Thus, in order to sell the yacht, I would need to drop the price for some significance to incentivise someone to want it over the new yacht. Otherwise, they've already got the capital for the new one; If for no other reason than the fact that it's "brand new".