One of my favorite sites is Yachtworld.com — its a giant relational database, where you can punch in any combination of characteristics and find the exact boat you want.
Want a Formula, years 2002-06, between 32-36 feet, on the East Coast, between $100-200k? There are 16 boats that meet those exact characteristics.
Given the recession and the credit situation, this summer, I have been perusing boat Repos — Bank financed machines that have been defaulted and are now the floating equivalent of REOs.
On Yachtworld.com, there are some 436 repos available in all sizes and shapes — 127 New, 309 used. Event he used boats tend to be newer (older boats don’t need much in the way of financing). 10 of these repo boats are more than $500k, including one repo that is $7.7 million dollars.
Something more modest, perhaps? How about:
Price: USD $0-50,000
That gets you 29 choices.
As I have noted many times in the past, I am a big believe in being a counter-cyclical spender. I try not to buy stuff when the economy is on fire and everything is overpriced. I don’t believe in using excess credit (Like these folks that ended up having their boats repo-ed)
This year, I have been selectively shopping for , and occasionally buying, whatever I thought was priced right — especially distressed merchandise.
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.