Buying in a recession

[letsgetsailing3]

Originally Posted by Cheechako

While not a fan of recent Repub trends, I believe administrations have very little effect on the economy actually. Sure there are things they can do to help or hinder. But bottom line is that even experts cant figure out why the economy/stock market crashes. Terrible news you'd think would effect it has little impact, then some little thing does. It's psychological..

Absolutely.

The media and political parties tend to overplay the relationship of economics to political terms in order to sell copy or support an agenda, but the reality is that the world economy is complex and interrelated.

[Peterbee]

Originally Posted by grantmc

Boats at the end of the down wind journey locations such as Langkawi, Hawaii, Fiji, NZ and Australia, even Panama, for some people, are often the manifestation of a bad trip. Turned out that life in a boat wasn't the same as the their vicarious fantasy after watching every episode of Sailing La Vagabond. And mounting a For Sale sign up is their only alternative to sailing back to the USA and the thousands of miles of upwind sailing that requires.

Perhaps we could discuss some causes of dissatisfaction?
Anecdotally I would postulate, that for couples, many discover that the relationship issues that they had on land left shore with them, but as time goes on, those issues are accentuated by the confines of being on a boat.

So by the time they get to Opua or wherever they've had enough. They recognise the threat and risks to their relationship and value that higher. They accept they tried the cruising life style and it wasn't for them. They just want out.

But unfortunately these owners want the same money they believe their yacht is worth if it were back in their home port. I’ve seen MANY rotting sad and neglected yachts covered in dirt and weed that were once proud ocean going craft waiting for that elusive buyer to pay top dollar for what is now worthless. I can never understand owners believing in fairytales about selling their yachts for a premium price in Panama, down under in Aus or NZ or Langkawi etc... IT DOES not happen. Some broker will jump on it and promise the earth. Hell no - Santa Claus does not exist get this into your head. You have spent a fortune on your yacht I understand but if you are now over it or cannot see your way through .... a dollar in your pocket is better than years of expenses on your once pristine boat now bobbing away to its demise in a foreign country ... get real... fire sale it and move on.... you will not sell it for top dollar at the end of your journey