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

[vegasandre]

Euro now at 1.20 to us$
Is you were looking for a 400,000 Eur boat just this past April, it would of set you back $552000


Today that same 400k Eur boat is $480000




It will be interesting to watch next year or two.

[vegasandre]

Wow this is moving along faster than I thought.
Swiss move puts Euro at $1.16


So that 400000 EUR boat just 10 days ago was about $480000


Today its: $464000 (down almost 100k since last march)

[leftbrainstuff]

The Euro as a currency union seems set for a rocky road ahead. I wouldn't like to have to predict its future movements. Lots of national conflicts make Europe a fiscal basket case.

The Aussie dollar I can see continuing to fall in the near future. Coal exports will become a stranded asset and Australia's over reliance on gravel exports with no value add seems a risky bet moving forward.

Sent from my SM-N900T using Cruisers Sailing Forum mobile app

[vegasandre]

Originally Posted by vegasandre

Wow this is moving along faster than I thought.
Swiss move puts Euro at $1.16


So that 400000 EUR boat just 10 days ago was about $480000


Today its: $464000 (down almost 100k since last march)

Thanks Mario for putting the plan into action!
Last week that projected 400k euro boat would of cost $464000

Just one week later= $454000 -down well over $100k
in under a year .

EUR= $1.135 as of today- marching towards parity with no end in site.

Great News for foreigners buying boats or real estate in the EUR!

Sometimes it takes years for these moves to happen. Now it is well under way.

[goboatingnow]

Originally Posted by leftbrainstuff

The Euro as a currency union seems set for a rocky road ahead. I wouldn't like to have to predict its future movements. Lots of national conflicts make Europe a fiscal basket case.

I frankly don't think you understand anything about monetary policy in the EuroZone nor anything about quantative easing, nor does your " national conflicts: relate to any reality

a low euro makes a strong Eurozone not the other way around as the Swiss are finding out . a 1 Trillion Euro QE project, is specifically designed to expand the money supply and lower the Euro

for the largest economic area in the world , that exports all over the world, thats great news cause the high Euro was killing everyone

[savoir]

Thankyou goboatingnow for granting us all the benefit of your extensive understanding of monetary policy, the Eurozone, quantitative easing and national conflicts.

[goboatingnow]

Originally Posted by savoir

Thankyou goboatingnow for granting us all the benefit of your extensive understanding of monetary policy, the Eurozone, quantitative easing and national conflicts.

your welcome, but I just get tired at the " knockers" that predict the fall of the Euro or the EU every time currency changes. We had a dose of it here when the last " so called bank crisis " occurred, with many predicting breakups, collapses , etc, it simply didn't happen,

If people simply commented on the process thats one thing, making ridiculous inferences is another entirely. You'd think people " want" the Eurozone to fail , why would anyone wish for chaos on anyone !.

As for comments about " national conflicts", you'd think there was blood on the streets, apart from a ongoing issue of rescuing Greece, ( a process that will play out reasonably well in my opinion), what " national conflicts"

dave

[David_Old_Jersey]

Doom sells. Lol.

[David_Old_Jersey]

Originally Posted by vegasandre

Thanks Mario for putting the plan into action!
Last week that projected 400k euro boat would of cost $464000

Just one week later= $454000 -down well over $100k
in under a year .

EUR= $1.135 as of today- marching towards parity with no end in site.

Great News for foreigners buying boats or real estate in the EUR!

Sometimes it takes years for these moves to happen. Now it is well under way.

Of course that presuming the asking price does not increase in Euros - for items which have an international market outside the eurozone that more likely than not......even before the hoped for bout of eurozone inflation.

[tropicalescape]

Originally Posted by leftbrainstuff

The Euro as a currency union seems set for a rocky road ahead. I wouldn't like to have to predict its future movements. Lots of national conflicts make Europe a fiscal basket case.

The Aussie dollar I can see continuing to fall in the near future. Coal exports will become a stranded asset and Australia's over reliance on gravel exports with no value add seems a risky bet moving forward.

Sent from my SM-N900T using Cruisers Sailing Forum mobile app

The TTIP will change all(most) of what seems to be bothering the EU and the US at the moment by liberalizing fully 1/3 of all global trade!(I think the EU signed on yesterday to a US like economic recovery policy).... Good times are ahead for all that desire and work for a better life,the Shanghai co-operation agreement on the other hand may or may not help another 1/3 of global trade and the last 1/3 want nothing to do with "the rest of us" so they may get what they ask for ..They should be careful of what they ask for they might get it,but we will surly not leave anything that we built up in the last 100 or so years, let the spring continue..

[vegasandre]

Originally Posted by David_Old_Jersey

Of course that presuming the asking price does not increase in Euros - for items which have an international market outside the eurozone that more likely than not......even before the hoped for bout of eurozone inflation.

There is not a chance the asking price increases not even a 1% chance on Used boats (new boats- chances are a little higher). No one in the US raised their prices on their Used boats when the dollar was down for years. Quite the opposite actually- they would lower them.

Euro hit $1.1150 this AM which is pretty stunning. The European boat builders will probably have stronger sales outside of the EU due to this currency weakness. It will be a good time for someone out of the EU to buy a boat or real estate for that matter.

[careka]

$ will be getting even stronger. just wait and se.

[savoir]

Originally Posted by vegasandre

There is not a chance the asking price increases not even a 1% chance on Used boats (new boats- chances are a little higher). No one in the US raised their prices on their Used boats when the dollar was down for years. Quite the opposite actually- they would lower them.

Euro hit $1.1150 this AM which is pretty stunning. The European boat builders will probably have stronger sales outside of the EU due to this currency weakness. It will be a good time for someone out of the EU to buy a boat or real estate for that matter.

Raising prices would have been crazy. US buyers were not spending and Euro buyers were a little tentative. Higher prices might have shut down everyone doing some boat shopping. As it was plenty of east coast boats were sold to European buyers in recent years. Plenty of those boats sat unsold for a year or more.

Euro buyers have since left the US East coast market.

[s/v Beth]

So DOJ, have any land for sale? Looks like Europe is in a fire sale! Looking at land in BC with the USD 20% higher than it was last summer (compared to CAD)
Now I just have to look at the taxes...

[Invictus69]

I would not rush buying anything in EUR yet (unless you found your dream boat) - the EUR has still a way to go down - it is down almost 5% within the last week vs USD. However don't underestimate the possibility for QE4 at some point in a not too distant future. When politicians run the show, it is a race to the bottom.