Tis the season for financial distress. Housing markets are plummeting and lots of people across various sectors are getting laid off or fired. Companies that were on the brink of failure have failed, some like Circuit City and Linens n Things, never to return.
Amidst all this tragedy are little bright spots. This is apparently the land of much opportunity, especially if you have much money. So, as the housing market tanks (today we found out that more than 40% of the population owns a house that is underwater), there are deals to be had. Foreclosures are at a record high, so guess what, now is the time to buy. And, notably, the house does not go first. If you are laid off and have to cut expensive, all those other toys must go as well. And in this society, sometimes those toys are plentiful.
So what does that mean? Well boats! Most boats are toys for folks, not residences. People use them on the weekend as a true leisure toy. And if bad times means out with all the toys, boats will be effected, and they have been. There are reams and reams of lists of boats for sale, for auction, for almost give away. But, we are just entering the boat sailing season. It is still March, most people don’t give their boats a second thought until April (at least this far north). What this means is that those reams of lists will grow. By the time the summer comes, there will be more for sale. And more for sale means the prices will be good.
That’s right I said it. The prices for boats will be good, possibly great. Because of all the unfortunate people who must forgo their expensive toy in lieu of their expensive house, boat prices will be great. We are already seeing the 400k boat selling for more that 30% its price. Some are thinking we will see deals south of 50% pricing.
How does that affect me and my aspirations to buy a live aboard boat? Well it means I might actually be able to afford one. 
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