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Have people lost their minds ???

Old 08-15-2018, 06:44 AM
  #41  
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Originally Posted by Reel Tease View Post
I agree, never understood where the price jump happened, and why not get a Sportfishing yatch for the money
It is no secret that a sportfish for 200k is going to be a routine maintenance and up keep nightmare. a single or dual outboard CC is pretty minimal, I pay about 1500 a year for all maintenance every season, I can trailer, bottom paint and clean easily by myself. Just to get a sport fish pulled for maintenance or cleaning is over 500 bucks let alone the actual work to be done. it is crazy. Plus no need for a big ass sport fish to get out to blue water in 3 hours when I can now get there in half the time with half the fuel.
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Old 08-15-2018, 06:44 AM
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Originally Posted by Lovegettinsnooked View Post
Why would anyone spend 200k and more for a 26-28ft boat. Have people lost their minds? If you keep buying these boats they will keep raising the prices. I look at some of these center console boats and just laugh. I could buy a Viking or Hatteras for what people are spending on center console boats. I mean really what do you get a hull with a console. Am I just getting old or have people lost their minds?
Because that's how much they cost. Any Viking or Hatteras you bought for that money would be old and require tons of money in refitting, upkeep, fuel, etc. Center consoles are more economical to operate, easier to run with a smaller crew, and depending on your fishery much more fishing friendly.
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Old 08-15-2018, 06:46 AM
  #43  
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Originally Posted by Gunner38 View Post
Compared to a entry level 30k loan at 5% for 20 yrs is only $200 a month.

please tell me that people aren't financing a $30k starter boat for 20 years....
I'm sure they are, if you just look at payments and never add up all the interest the bank is making off you, also, 30k loan I'm assuming means a 45k boat purchase price or thereabouts.
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Old 08-15-2018, 06:52 AM
  #44  
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Agree with Smoke n Mirrors. He is spot on. Outboards over inboards and all of the PIA maintenance that goes with an inboard diesel and all of the many systems on a sportfish. A CC is faster, lower fuel burn, better for certain types of fishing, far easier to clean up at the end of the day, and for the money, you're comparing a new CC vs a much older sportfish. Meaning even more maintenance on all of those systems.

I bought my CC years ago. But even then, I felt like the CC market would explode. And it sure has.
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Old 08-15-2018, 06:59 AM
  #45  
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Originally Posted by Smoke n Mirrors View Post
I know some guys who sold there big sportfish and got into a big CC because they got sick of mantaining all the systems on a the big sportfish, and found it was way cheaper to get a hotel in a nice resort than it was to maintain a boat they can sleep their families on, plus running there and back on a sportfish cost a hell of a lot more for fuel on the soortfish than on even the bogger CC’s. They are generally much soower than a CC so yes, a long trip turns into long days or multiple days for far drstinations, cutting downon the time at the destination. Washing a CC at end of the day is a hell of a lot easier than starting on the tower down to the bridge up to the bow the cockpit then the interior. They are easier for the guy to go on a short dinner cruise with the wife or kids...the CC rrally is versatile. And you have to realize that $200k or even $500k is not that much money to some guys. There are a lot of guys makng big $ out there. For me personally, I like the big soortfish with all the creature comforts and having a bay boat too, best of both worlds, but as I get older I dread having the maintenance Of all the systems Ihave on my Tiara, and its only a 29. If I had a bigger boat with more complex/expensive systems, it just starts to take the fun out of it and many days I wish I had just a hull and a console to go out on that day rather than meeting a tech to tell me how much I have to lay him to fix or service yet something else on my boat, it will take him a few weeks to get to it, and I am either stuck at the dock waiting or getting in their and figuring it out and doing it myself rather than enjoying my time off on my boat. If you really look at it, boat ownership itself is stupid in comarison to how much they are typically antually used, and rebting or chartering makes more sense for most boat owners who never use their boats. Think about it, if average use is 100 hours or so a year, what is going on for the the other 8,660 hourd each year? Keep the down payment, note payment, dockage, insurance and maintenance and go rent a boat to run around in or charter to fish in, and most of us would come out way ahead, if we were thinking of this from a financial standpoint.
This.

No no threat of me buying a 20k boat, or an 80k pick up. But, I know and fish with several folks who used to have big sportfish, and now own 35’ plus cc’s. They all switched for the reasons above, and the fact they can put their cc on a lift behind their house. They’ve all told me they use their boats way more now, and save 1000.00’s a year on upkeep and maintenance. One of them likes to fish out of his own boat out of state, and having a cc gives him the option to trailer the boat to his destination. None of these are “young guys” They are successful individuals who work hard for their money, and can all afford a 200k boat without financing it.
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Old 08-15-2018, 07:00 AM
  #46  
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Originally Posted by Lovegettinsnooked View Post
Why would anyone spend 200k and more for a 26-28ft boat. Have people lost their minds? If you keep buying these boats they will keep raising the prices. I look at some of these center console boats and just laugh. I could buy a Viking or Hatteras for what people are spending on center console boats. I mean really what do you get a hull with a console. Am I just getting old or have people lost their minds?
Yes, they have lost their minds. Look around you. Many people are spending more than they can afford through ridiculous loans. Irresponsible and illogical spending, just like our gov't has been doing for years now.

The market will correct itself (i.e. 2007-2008). It won't mean much to the richer folks, but the people in the category above will be hurt'n for cert'n.
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Old 08-15-2018, 07:08 AM
  #47  
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Most of these CC (At least the bigger and faster and $$$ ones) are being sold in FL and the southern part of the US where running to the fishing spot is 5/10/15 miles from the beach or its on the gulf side. North East, tournament people, or people know who will travel up and down the coast or lives in an area where the fishing grounds are easily 80/90/100 miles offshore won't buy these CC. I mean some will but not many.

Also when doing these long rides on CC you feel like sht and you been beaten with a baseball bat, your body hurts from the banging and it takes about a solid day to recover. On a sport fish the next day you could be playing a game of football on the beach and not sleep in till 12..

EDIT: If these guys are truly rich enough to own these boats, saving $$$$ doesn't really matter to them
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Old 08-15-2018, 07:11 AM
  #48  
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The financing thing always strikes me as kinda weird - what's the big deal? Just because its a "toy"? Nobody thinks twice about financing a more expensive house for 30 years when they could buy a single wide trailer for cheaper (or outright). Its weird to me. Why would I save a certain amount every month until I could stroke the check when I can go ahead and make that payment and, you know, enjoy my boat in the meantime. If you're worried about losing your job then you wouldn't ever buy anything. There are no balloon payments on boat loans.

Oh, and if the government had let the banks and auto industries fail, the economy would have crashed even worse and we'd have been in a great depression again. Pure capitalism and austerity don't really work.
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Old 08-15-2018, 07:13 AM
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Originally Posted by tommy099431 View Post
Most of these CC (At least the bigger and faster and $$$ ones) are being sold in FL and the southern part of the US where running to the fishing spot is 5/10/15 miles from the beach or its on the gulf side. North East, tournament people, or people know who will travel up and down the coast or lives in an area where the fishing grounds are easily 80/90/100 miles offshore won't buy these CC. I mean some will but not many.

Also when doing these long rides on CC you feel like sht and you been beaten with a baseball bat, your body hurts from the banging and it takes about a solid day to recover. On a sport fish the next day you could be playing a game of football on the beach and not sleep in till 12..

EDIT: If these guys are truly rich enough to own these boats, saving $$$$ doesn't really matter to them
The only place the run is 5 to 10 miles to the gulf stream is south florida.

For some reason I still see tons of large CCs in NC. And yes even people stroking 350k checks care about saving money - how do you think they got to that point? Rich people don't throw money away.
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Old 08-15-2018, 07:17 AM
  #50  
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Originally Posted by N2theblue View Post
The only place the run is 5 to 10 miles to the gulf stream is south florida.

For some reason I still see tons of large CCs in NC. And yes even people stroking 350k checks care about saving money - how do you think they got to that point? Rich people don't throw money away.

Lol buddy, its no more than what a 20-30 mile ride to catch some bigeye in NC? maybe even shorter than that. Also you didn't get my point, yea a high end CC thats 40-50 feet is around 1m and a 50 foot sport fish is 2m-3m of course they care about that 1m-2m extra but in the long they are only probably saving 20k-30k if that in their systems (most expensive being the motors) but as long as you take care of your boat thats should be the only true difference in cost.
My opinion is that stuff would break easier and faster in a CC as its mostly exposed to a degree. In a sport fish everything is in a room thats water tight sealed with a salon on top with a bridge, the only thing thats under that cockpit floor is the fuel tank. On a CC it can be almost every system that boat has
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Old 08-15-2018, 07:36 AM
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Originally Posted by tommy099431 View Post
Lol buddy, its no more than what a 20-30 mile ride to catch some bigeye in NC? maybe even shorter than that. Also you didn't get my point, yea a high end CC thats 40-50 feet is around 1m and a 50 foot sport fish is 2m-3m of course they care about that 1m-2m extra but in the long they are only probably saving 20k-30k if that in their systems (most expensive being the motors) but as long as you take care of your boat thats should be the only true difference in cost.
My opinion is that stuff would break easier and faster in a CC as its mostly exposed to a degree. In a sport fish everything is in a room thats water tight sealed with a salon on top with a bridge, the only thing thats under that cockpit floor is the fuel tank. On a CC it can be almost every system that boat has
From Oregon Inlet, which is one place in NC, and kind of a unique one at that. From anywhere else in NC it is anywhere from 50-70 miles to the Gulf Stream. For about 4 weeks a year we can catch kings within 5 miles of the beach. The rest of the time its at least 10 miles and usually 20-30. For king macks. Hell, that's even the case in NE Florida. Ask a Jax fisherman how far he has to run during their wahoo season. Trying to tell an NC fisherman how far he has to run to fish is something you can do, I guess. It might make you sound ignorant, but you can do it. And your description of the difference in cost and systems is EXTREMELY simplistic. And you didn't even mention fuel costs.
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Old 08-15-2018, 07:50 AM
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So far I have owned my 35, cc for 8 years, put over a thousand hours on it and it sits on a trailer in my barn. All in, I have spent at most $20k since I bought it including a new electronics package, a rewire with all new switches, systems, terminal bars, etc, new helm and new ps pump. Tell me how far 20k goes owning a 35’ sporty. Gas is additional as is insurance. I paid under 6 figures at 4 years old when the market took a dump and I could sell it for more than I have into it in a day. If the market tanked maybe it cents on the $ to the right buyer.

i had an opportunity to buy a 28’ Whitewater before my Island runner and passed. Was maybe 7 or 8 years old and perfect condition (motor condition unknown but twin yami 250s) for a little north of 50k. While my IR is more boat than that whitewater could hope to be, that same whitewater would likely sell for a similar price as mine today.

yes, the prices have appreciated exponentially.
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Old 08-15-2018, 08:36 AM
  #53  
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Originally Posted by JCC123 View Post
People have lost their mind.
Particularly when they criticize what other people do with their own money.
There is no criticism. This is a forum for which people want to hear other opinions. Anyone can do what they want with their money this is America. Just don't let uncle sam know LOL.
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Old 08-15-2018, 09:28 AM
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Originally Posted by lurker25 View Post
Hell $200k for a center console, wasn't there some guy on here asking north of 200k for a Barker bay boat 6 months back or so. I think he said supply and demand.
This is something I see on THT all the time, people amazed that a high-end bay boat cost a lot of money but don't have an issue with the CC costing much. A bay boat is nothing more than a shallow drafting CC. Conversely, you could say a CC is nothing more than a bay boat with more freeboard and deadrise. The word bay does not imply lesser material quality, lesser build quality, etc. That CC's extra 2 feet of freeboard and 6" more deadrise does not justify that much more costs.

When you're talking about one of the larger bay boats from a high-end builder like the Barker 26, it does not surprise me at all that it cost as much as a 26' CC. In fact Barker makes a Bay model and an Open model. They are essentially the same price and the same boat but one has a flat cockpit floor and isn't called "bay". Funny, it doesn't sound so absurd when you say the Barker 26 Open CC costs $200K.
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Old 08-15-2018, 11:26 AM
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oh ............and don't buy a $120,000 - Z06 Vette either, it only has 2 seats & you can't use it in the snow ...................WTF ????
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Old 08-15-2018, 07:37 PM
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The other thing is that a properly equipped boat can count as a second home with all the financial benefits that go with that.

All you have to do is spend 14 nights on it a year.
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Old 08-15-2018, 07:50 PM
  #57  
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One could get into a new 26 C Hawk wih twin 150's and modest electronics for 65 - 70K and have a completely competent offshore rig....but it seems everybody wants a pair of 10" Garmins, Rhodan TM, powder coating, color on the hull sides yada yada and this stuff ain't free. The fly in the ointment for me is the trickle down effect on "everymans" boats which are rapidly escalating in price.

I guess Lou Rambo will soon have a 2 year waiting list and we can have a hate fest here on THT when folks start selling their build slots for a profit.
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Old 08-15-2018, 07:53 PM
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as a young chap we always had a CB in the car, I remember my pops asking a guy in a holiday rambler how much that thing cost, he came back with, if you gotta ask you can't afford it...coarse I still fish with TLDs....
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Old 08-16-2018, 04:24 AM
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Originally Posted by reelbrothers View Post
as a young chap we always had a CB in the car, I remember my pops asking a guy in a holiday rambler how much that thing cost, he came back with, if you gotta ask you can't afford it...coarse I still fish with TLDs....
LMAO! The good o'l days wish is was still like that. You can have all this tech crap and you can have all this money back just send me back to then.
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Old 08-16-2018, 04:35 AM
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I’d be willing to bet that if we had forums in the 80’s someone would be chirping about how high Grady’s are and how can someone be asking that much for a used Whaler...

I pretty much heard this from my grandfather every year at the boat show...
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