stroutmail
Senior Member
- Joined
- Apr 20, 2020
- Messages
- 154
- Location
- United States
- Vessel Name
- Grand Day Out
- Vessel Make
- Grand Banks 36 Classic
Predicting the market price of assets is impossible with any precision. There is just too many unknowns. One can only assess various probabilities to different possible scenarios.
That said, prices of boats will depend a great deal on the make, model, type and year. There is a significant size market segment that has sufficient assets, conservatively deployed, to pay cash for an older trawler and to not be affected very much by economic turmoil. I think 20-35 year old boats (1985-2000) fit into this category and their price will mostly be determined by condition. The market that is likley to suffer price declines is the newer vessels where people have financed them--a significant portion of these owners will be experiencing economic hardship and will be anxious to sell--even with a loss.
I think in some segments, demand for quality boats may actually increase and prices may even rise. Boats attractive to 70 year olds who have conservative investment portfolios and/or healthy pensions know, now more than ever, that life is finite and uncertain--enjoy life while you can.
That said, prices of boats will depend a great deal on the make, model, type and year. There is a significant size market segment that has sufficient assets, conservatively deployed, to pay cash for an older trawler and to not be affected very much by economic turmoil. I think 20-35 year old boats (1985-2000) fit into this category and their price will mostly be determined by condition. The market that is likley to suffer price declines is the newer vessels where people have financed them--a significant portion of these owners will be experiencing economic hardship and will be anxious to sell--even with a loss.
I think in some segments, demand for quality boats may actually increase and prices may even rise. Boats attractive to 70 year olds who have conservative investment portfolios and/or healthy pensions know, now more than ever, that life is finite and uncertain--enjoy life while you can.