Used catamaran prices, availability during recession or crisis?

[Mr B]

Originally Posted by peterp

Well, adding to the very good suggestion above perhaps when strolling around the Marina if we sight an oldie on his cat maybe we could ask how he is feeling in anticipation, get in early!!

Are we becoming like vultures looking for the next poor enterprise to go bust hoping to make a buck out of some ones misfortune. I agree with the sensible comments that the older folk are broadly financially rock solid, they will only sell when it suits them to sell, even if some one is unfortunate enough to fall on hard times the craft he offers to the market will sell if it is in good shape and priced right, good cats are hard to find at any price. I am looking for a replacement for my Lagoon 400, buying out of Australia is out of the question our dollar is worth a bit more than zip, FP and Lagoon are shut new cats will have an ever longer waiting list, so any one looking for a bargain will be waiting a very long time in my view.

How long did your boat take to sell, Pete, Just Curious,

[peterp]

Originally Posted by Mr B

How long did your boat take to sell, Pete, Just Curious,

From the first inquiry some of which were just that, to discussions, inspection, test sail, final on the hard inspection, settlement, about two months. My buyer was a very experienced prior cat owner and new exactly what he was looking for, my craft was very low time in as good as condition as you would find fully loaded, so it was a pleasure to do buisness with the couple who brought it, they have become good friends and are happily living full time on my old pride and joy.

[Mr B]

Originally Posted by peterp

From the first inquiry some of which were just that, to discussions, inspection, test sail, final on the hard inspection, settlement, about two months. My buyer was a very experienced prior cat owner and new exactly what he was looking for, my craft was very low time in as good as condition as you would find fully loaded, so it was a pleasure to do buisness with the couple who brought it, they have become good friends and are happily living full time on my old pride and joy.

Thank you for the reply, Two months sounds very good for a sale,

Cheers, Brian,

[Buda Baby]

Having read the posts I am looking for a Lagoon 380 and if anybody wants to sell at a discount give me a call

[dannc]

Just happened to see a YouTube video from the guy that owns Balance Catamaran. He said production is still ongoing in South Africa and they have a two year backlog of orders. I hope both remain true.

Later,
Dan

[Tillsbury]

Our marinas here in NZ are now in lockdown, so unless you are a pre-registered live aboard there’s no access even to see your boat (Or someone else’s), let alone go out on it. No sales going to be happening here for a few months...

[owly]

Originally Posted by Tillsbury

Our marinas here in NZ are now in lockdown, so unless you are a pre-registered live aboard there’s no access even to see your boat (Or someone else’s), let alone go out on it. No sales going to be happening here for a few months...

I'm not sure there is any rush.............. The fallout from this will last a long time.


The US economy is liable to be in ruins because of the stupidity of our president..... too little too late...........and his determination to reopen everything by Easter..... which is far too soon. The resultant spike in cases will lead to total chaos. We are already seeing bankruptcies, people unable to pay rent or make mortgage payments, car payments, etc. The temptation to relax restrictions too soon is almost irresistible under the circumstances, and ultimately will lead to further chaos and more extreme measures. He took the mistakes of China, and magnified them, taking stupidity to new levels, and the consequences will not be pretty. NZ and many other countries have it pretty well in hand, but the global economy will be badly damaged, with America as a key player, what happens here effects everybody else to a greater or lesser degree. This is not something that will be over in a few months. I see the shape of world power and influence being altered greatly after this is over. The only real rush is related to the value of the US dollar..... spend 'em while they are worth something!!

[tomfl]

Originally Posted by owly

SNIP

The US economy is liable to be in ruins

SNIP

Have to laugh at your TDS.

Compared to the rest of the world's economy the US economy is in good shape. Not saying there are not problems but there are massive problems in China and there shadow banking system is a total disaster. Europe will wind up being hurt much worse than the US. Cuba has basically kicked out everyone but citizens since they literally don't have enough food to even feed the citizens. Criminal gangs have taken over Rio since the govt has no control.

I would rather be in the US than any place to ride out the corona virus.

[Saleen411]

Originally Posted by dannc

Just happened to see a YouTube video from the guy that owns Balance Catamaran. He said production is still ongoing in South Africa and they have a two year backlog of orders. I hope both remain true.

Later,
Dan

Phil Berman?

I thought Balance Catamarans were built in China.

[rabbi]

Originally Posted by tomfl

Have to laugh at your TDS.

Compared to the rest of the world's economy the US economy is in good shape. Not saying there are not problems but there are massive problems in China and there shadow banking system is a total disaster. Europe will wind up being hurt much worse than the US. Cuba has basically kicked out everyone but citizens since they literally don't have enough food to even feed the citizens. Criminal gangs have taken over Rio since the govt has no control.

I would rather be in the US than any place to ride out the corona virus.

Agree more or less for the US being in a pretty strong position.
And even if they are weak the US still cheats their way out and makes everyone else pay for their problems (like subprime / GFC). Smartass

Not sure about wanting to be in the US for the immediate CV crisis though. Doesn't seem like they are doing a smart job on that frontier


But maybe the POTUS can simply order the virus to disappear like the Chinese do? Not sure this will work in a western society.

[Sand crab]

Originally Posted by Saleen411

Phil Berman?

I thought Balance Catamarans were built in China.

They only built the B451 in China and there was some issues. All the rest are buit in ZA I believe and were above average.

[Saleen411]

Originally Posted by Sand crab

They only built the B451 in China and there was some issues. All the rest are buit in ZA I believe and were above average.

Thanks Sand Crab.

[Tillsbury]

I think this graph of US unemployment shows pretty clearly how bad this is compared with other recent crises:

[rabbi]

Originally Posted by Tillsbury

I think this graph of US unemployment shows pretty clearly how bad this is compared with other recent crises:

Attachment 211329

and dow jones is +5% or so today

[owly]

Originally Posted by rabbi

and dow jones is +5% or so today

The stock market is so out of touch with reality that it's almost a joke!