Good advice. Two years ago, I purchased a 1987 47’ Marine Trader. The boat has good bones but most old boats need repairs and upgrades. I have spent over $40,000 already. It’s like Paul said, it’s about the adventure and memories, not the money. Paul provided me training on the 6 day delivery trip from Madisonville, La to Carrabelle, Fl. I was 73 years old at the time and took the leap into a big boat I knew nothing about. Paul provided a wealth of information on the trip. I have to admit that it was a little intimidating the first time I took the boat out without a captain. My wife and I just made a 3 day trip from Carrabelle to Shalimar recently. It was quite an adventure. Every time I take the boat out I gain a little more confidence. The boat has been therapeutic for my wife and I. We are both more active and enjoying the journey. I had rather burn out than fade out. Thanks Paul. No regrets!
What I find amazing is how some of these sellers are asking outrageous prices for pieces of junk. I’ve been in the Boating business for 40 years, and I am absolutely astounded at the amount of uninformed people coming along and paying ridiculous prices for boats that are absolutely not worth the asking price. It’s jaw dropping how uninformed this new generation of boat buyers are.
Thanks I appreciate the kind words, also thank you so much for watching the video it means a lot when someone takes there time to watch one. Need anything or make it too the Keys make sure you stop by and say high.
Just imagine how much money the owner can save by Fresh Water Flushing their heat exchangers each time they park the boat for any period. Getting the salt water out really makes those expensive coolers last a lot longer. You might want to do a video on that.👍
Great content and insights. Thx for sharing. Always an interesting conversation about where the tipping points are between budget & experiences as we enter the back half of life. And what defines a worth experience for each of us. For one it's $10k week at a resort, for another it could be the same $10k spent over 2 months traveling modestly across America (or wherever). Have a good trip with your son.
The sweet spot in any purchase decision for budget value shoppers is just beyond what the average person can afford and just under what someone with cash wants! I can see why less market interest in the ranger since this is usual a weekend or summer vacation type boat. At that price for a live aboard person it just does not make sense unless you will live on the loop. Excellent point how wages have not kept up with cost of living regarding your captain job.
Yes seems things are going into the toilet fast, but sometimes you just have to go for it. You can set on the sideline and wait it out if your young enough, but time not on anyone’s side 😂
Paul, very informative vid as usual. Where do you think the market will be a year from now, assuming that WWIII doesn’t happen? I’m planning on retiring at the end of 2024, buying a boat in the 40 ft - 50ft range, and doing the Great Loop with my GF. I’m a lifelong boater, having owned several boats included power and sail, and am familiar with operating boats up to 65 feet. My biggest concern is when to pull the trigger and buy. Ideally, it would be within six months after retiring, do you think that is a reasonable time frame to find a gem? Thanks and keep up the great work. PS: I’ve been following your channel since almost the beginning and I have one question for you, when’s Tats coming back? 😆
With labor to install new unit is about what it cost depending on how far you take it. But at 200.00 an hour for labor now it adds up very quickly and fast
Other side of the coin is that as the economic turmoil increases, signs of a larger conflict in the Middle East, upcoming elections, dollar going in the toilet, high interest rates, makes for a advantageous situation for boat buyers with cash. For me this winter I feel will be a really good time to find the boat I’ve been looking for the past few years. We have sold most everything, waiting for the right buyer on my home, and I’ll retire to a full time liveaboard on the hook in the PNW, no marinas for me. Personally I feel very good about the market headed in my direction.
A good example of what you might be looking for is the 43’ Albin, that one is set up for serious off grid living. ☝️ good luck finding your boat brother
Paul….I added a few more amens, and hallelujahs to my video on the same topic. Check it out. I am as frustrated if not more than you on this “boat value “ market. People need to wake up.
Good advice. Two years ago, I purchased a 1987 47’ Marine Trader. The boat has good bones but most old boats need repairs and upgrades. I have spent over $40,000 already. It’s like Paul said, it’s about the adventure and memories, not the money. Paul provided me training on the 6 day delivery trip from Madisonville, La to Carrabelle, Fl. I was 73 years old at the time and took the leap into a big boat I knew nothing about. Paul provided a wealth of information on the trip. I have to admit that it was a little intimidating the first time I took the boat out without a captain. My wife and I just made a 3 day trip from Carrabelle to Shalimar recently. It was quite an adventure. Every time I take the boat out I gain a little more confidence. The boat has been therapeutic for my wife and I. We are both more active and enjoying the journey. I had rather burn out than fade out. Thanks Paul. No regrets!
Thanks brother I appreciate that. Glad to hear you are enjoying the boat as well.
What I find amazing is how some of these sellers are asking outrageous prices for pieces of junk. I’ve been in the Boating business for 40 years, and I am absolutely astounded at the amount of uninformed people coming along and paying ridiculous prices for boats that are absolutely not worth the asking price. It’s jaw dropping how uninformed this new generation of boat buyers are.
Jim i agree it will be interesting in the next couple of years - Kind Regards
Well unfortunately it happens every day.
Thanks for the update. We Love Your Wonderful Personality. Nice people should Always be Appreciated.
Thanks I appreciate the kind words, also thank you so much for watching the video it means a lot when someone takes there time to watch one. Need anything or make it too the Keys make sure you stop by and say high.
Great video Paul. Thanks for the insight on the market especially on the Ranger. Have a great trip w your son!
Thanks 👍
Thank you for the very well done update on the current market.
Thank you for the visit brother
Just imagine how much money the owner can save by Fresh Water Flushing their heat exchangers each time they park the boat for any period. Getting the salt water out really makes those expensive coolers last a lot longer. You might want to do a video on that.👍
Great point
Great content and insights. Thx for sharing. Always an interesting conversation about where the tipping points are between budget & experiences as we enter the back half of life. And what defines a worth experience for each of us. For one it's $10k week at a resort, for another it could be the same $10k spent over 2 months traveling modestly across America (or wherever). Have a good trip with your son.
You bet!
I'm with you like the way you think I'm the same way no news is good news live day by day and enjoy
Thanks I just don’t have time or energy for it 😆
The sweet spot in any purchase decision for budget value shoppers is just beyond what the average person can afford and just under what someone with cash wants! I can see why less market interest in the ranger since this is usual a weekend or summer vacation type boat. At that price for a live aboard person it just does not make sense unless you will live on the loop. Excellent point how wages have not kept up with cost of living regarding your captain job.
Thanks for sharing!
Good info on the present situation.
Thanks brother
I was ready to buy a boat for 300k a few weeks ago. Now I am no longer willing to spend the money because of the political situation
Yes seems things are going into the toilet fast, but sometimes you just have to go for it. You can set on the sideline and wait it out if your young enough, but time not on anyone’s side 😂
Paul, very informative vid as usual. Where do you think the market will be a year from now, assuming that WWIII doesn’t happen? I’m planning on retiring at the end of 2024, buying a boat in the 40 ft - 50ft range, and doing the Great Loop with my GF. I’m a lifelong boater, having owned several boats included power and sail, and am familiar with operating boats up to 65 feet. My biggest concern is when to pull the trigger and buy. Ideally, it would be within six months after retiring, do you think that is a reasonable time frame to find a gem? Thanks and keep up the great work. PS: I’ve been following your channel since almost the beginning and I have one question for you, when’s Tats coming back? 😆
Tats is back in February, I think with this election and uncertainty you should be ready at any point, but 6 months from could pay off.
Why would a ac unit cost 10k that seems more than ridiculous. What do the parts cost? A condensing unit evaporator 1,000 to 2000?
With labor to install new unit is about what it cost depending on how far you take it. But at 200.00 an hour for labor now it adds up very quickly and fast
Understood. It's a dream to pursue, not an investment.
Agree, too many people think it’s an investment, but it’s living 😆
I can attest, if you have cash and a sugar pile becomes available you can’t hesitate. The good boats are usually sold the first day.
Yes you have to buy when they come up
Thanks P.
Your welcome thank you.
"when you see that". Plz explain
Promoting WWIII and lamenting about your financial situation certainly does not help me to figure out which boat to buy and how much to pay for it.
👍🏻
Thanks!
Thank you so much means a lot, hope you have a wonderful day. 👍🏻
Other side of the coin is that as the economic turmoil increases, signs of a larger conflict in the Middle East, upcoming elections, dollar going in the toilet, high interest rates, makes for a advantageous situation for boat buyers with cash. For me this winter I feel will be a really good time to find the boat I’ve been looking for the past few years. We have sold most everything, waiting for the right buyer on my home, and I’ll retire to a full time liveaboard on the hook in the PNW, no marinas for me. Personally I feel very good about the market headed in my direction.
A good example of what you might be looking for is the 43’ Albin, that one is set up for serious off grid living. ☝️ good luck finding your boat brother
The market can’t be so dynamic that it’s significantly different from one week to the next.
Your right market the same as it was last month 🤙
Great episode Captain Paul - Regards
Thanks Brother, have a good week☝️
On boats, learn your systems and DIY.
You should if your buying one of these older boats have some skills 😆
Foday Yillah 👍
Love you brother
Paul….I added a few more amens, and hallelujahs to my video on the same topic. Check it out. I am as frustrated if not more than you on this “boat value “ market. People need to wake up.
I will check it out, thanks 🙏 brother