What Will Happen to Boat Pricing when Euro Is Under Par to US$ ?

[David_Old_Jersey]

Originally Posted by vegasandre

USA isnt a tiny sailboat market. US owners also dont have to pay a VAT if they follow specific protocol and dont intend to leave the boat in EUR waters- as far as I know.

True enough on a New boat, but for a s/h boat the VAT will have long ago have been paid (by first owner) - and yer can't reclaim it even if the boat leaves the EU with a Non EU resident owner......not to say that cannot buy a s/h boat that is ex VAT (likely used commercialy - Sunsail Charter etc), but they are in the minority.

.....and of course just because the boat has had VAT paid once doesn't mean it can't technically be due again! (theoretically an infinite amount of times!).......if a VAT paid s/h boat gets sold to an American who takes it to the US (and then spends many happy years using her), and he then sells the boat when it's outside the EU to an EU resident who then brings the boat back to his home in the EU then VAT is due again (all that can be repeated a squillion times - each time with a VAT bill at the end!, unlikely but could be)......what happens in practice is another thing (no idea!).......just something to bear in mind if buying a VAT paid EU yacht located abroad from a furriner and then taking her "home" to the EU.

[vegasandre]

More Euro News:

In Nigel Farage's first TV appearance since the Cypriot wealth tax was announced, the Englishman pulls no punches. In all his years and all his experience of the desperation of the European Union's leadership "never did [he] think they would resort to stealing money from people's savings accounts." The simple fact is that they know they cannot let any country leave, no matter how small, for "once one country goes, the whole deck of cards will come tumbling down." There is now "clear irreconcilable differences" between the North and the South of Europe and now that they have done this in one country, "they are quite capable of doing it in Italy, Spain and anywhere." The message that sends to people is "get your money out while you can." As far as his British constituents, he strongly recommends George Osborne (UK Chancellor) urge ex-pats to remove all their money and do monthly transfers from home. "Do Not Invest In The Euro-Zone," he concludes, "you have to be mad to do so - as it is now run by people who do not respect democracy, the rule of law, or the basic principles upon which Western civilization is based."
"They are propping up a Eurozone that, in the end, will collapse in disastrous failure and they are prepared to do anything to do so."

[goboatingnow]

Originally Posted by vegasandre

USA isnt a tiny sailboat market. US owners also dont have to pay a VAT if they follow specific protocol and dont intend to leave the boat in EUR waters- as far as I know.

Anyway -great discussion. we will see how this plays out. May take a few more years still ......

Actually per head of population the US is a tiny sailboat market, it is primarily a small powerboat market. The EU is a far far larger sailboat market. ( which is why its supports several of the planets largest manufactures )

Vat is not recoverable on secondhand boats in any circumstance

Dave

[goboatingnow]

Originally Posted by vegasandre

More Euro News:

In Nigel Farage's first TV appearance since the Cypriot wealth tax was announced, the Englishman pulls no punches. In all his years and all his experience of the desperation of the European Union's leadership "never did [he] think they would resort to stealing money from people's savings accounts." The simple fact is that they know they cannot let any country leave, no matter how small, for "once one country goes, the whole deck of cards will come tumbling down." There is now "clear irreconcilable differences" between the North and the South of Europe and now that they have done this in one country, "they are quite capable of doing it in Italy, Spain and anywhere." The message that sends to people is "get your money out while you can." As far as his British constituents, he strongly recommends George Osborne (UK Chancellor) urge ex-pats to remove all their money and do monthly transfers from home. "Do Not Invest In The Euro-Zone," he concludes, "you have to be mad to do so - as it is now run by people who do not respect democracy, the rule of law, or the basic principles upon which Western civilization is based."
"They are propping up a Eurozone that, in the end, will collapse in disastrous failure and they are prepared to do anything to do so."

Well of course the UK is a huge supporter of the Euro zone !!!!! So its a good place to get unbiased commentary.

Dave

[goboatingnow]

Originally Posted by goboatingnow

The other thing is that it actually hasn't been agreed it should be done , Tuesday is supposed to be decision day. What's to bet a good old EuroFuddle won't be arrived at.

Dave

Bing bing , I win the prize, mega fuddled on the way, current plan was killed off.

Dave

[David_Old_Jersey]

Originally Posted by vegasandre

More Euro News:

In Nigel Farage's first TV appearance since the Cypriot wealth tax was announced, the Englishman pulls no punches.

For our furriner based members, Nigel Farage is the love child of Margaret Thatcher and Forrest Gump .....a Little Englander seeking to go back to a time that never was.....leader of the UK version of the Tea party. except a little less keen on foreigners .

But to be fair, he is articulate and humorous - just stark raving mad .

[Kettlewell]

just stark raving mad

We've got a few of those over here...

[boatman61]

Originally Posted by David_Old_Jersey

For our furriner based members, Nigel Farage is the love child of Margaret Thatcher and Forrest Gump .....a Little Englander seeking to go back to a time that never was.....leader of the UK version of the Tea party. except a little less keen on foreigners .

But to be fair, he is articulate and humorous - just stark raving mad .

After the Sanity of Blair and Brown followed by Cameron and Clegg..
Yeah.... we're workin through the alphabet.
A little madness could go a long way...
lets face it... there's not much left to f#ok up really..

[Kettlewell]

Euro at $1.29 I believe. That would put it about $0.05 down from when this thread started in 2011. Like I wrote somewhere back there in the thread, there are a lot more important factors than the exchange rate to consider in a boat purchase. How much is two years of your life not sailing worth?

[sailr69]

OMG, the sky is falling, the sky is falling!!

[vegasandre]

I just remembered this old thread and my old Plan.

Looks look there will be an extended move to parity or below for the Euro over the next year or two. It will be interesting how it plays out. If it gets to under 1.10 it may make a lot more sense for some people to buy that sailboat that they wanted in Europe . Time will tell. Currencies moves take years to come to fruition. Right now its at 1.23/$ No big deal yet.

[s/v Beth]

Although you seemed a bit pie-in-the-sky a few years ago, with our oil output we may yet see your idea play out. Will be interesting to watch.

[denverd0n]

Originally Posted by vegasandre

Looks look there will be an extended move to parity or below for the Euro over the next year or two.

Of course, that's essentially the same prediction that started this thread four years ago. Forgive me if I find all this somewhat amusing. My own suspicion is that four years hence, we will still be waiting for this to happen "over the next year or two."

[zeehag]

crapshoot
the sky is falling
the crick is risin
we all gonna die
doomed

[hellosailor]

Our oil output.(G)
Remember that is a highly controlled game. I wouldn't be surprised to see Saudi money invisibly flowing into the anti-fracking campaigns. Which is arguably a good thing, since the oil companies got the EPA to exclude fracking chemicals from the regulations requiring disclosure of what is being pumped into the ground. And no matter how carefully they do it, whatever goes into the ground eventually does get into the groundwater, which could leave huge areas with no drinking water for hundreds of years. Kinda like the early a-bomb tests...don't worry, this can't hurt you. Unless you drink milk, which comes from cattle, who eat grass, which was contaminated with radioactive iodine for a thousand miles downwind, wasn't it?


A lot of the US energy production now comes from energy prices being high enough to justify expensive production methods, and if oil prices drop (as the Saudis have cleverly agreed to) then US oil becomes too expensive, facilities go bankrupt, and, gee, someone with cash reserves could buy them up for pennies on the dollar. And then raise prices again. No doubt the Saudis never thought of that. [sic]


So oil production? International currency shifts?


No news there, that stuff changes in value all the time. That's how international currency and commodity traders get rich, or go broke.


Earlier this year someone was all excited about getting six percent on Australian CDs. Except, they have to be bought is Aus. $, and the exchange rate shifted enough to wipe out any profit there might have been in that, this year alone, if I read it right.


Global shopping? Caveat emptor. It will never be all the same.