SandS said..

Bundeenabuoy said..

SandS said..

Magpieuser said..

TKNick said..
China has COVD 19 under control with only 20 new cases a day and the majority of those infected now well. I wouldn't be surprised if China trade is not not back to normal in 2 or 3 months time.

I'd be disappointed if it wasn't back to normal in weeks.

But yeah surely in 2 to 3 months China will be powering along again worst case scenario.

glad you think so . nice to here some happy thoughts . but i dont think we have ever heard the truth about this situation .

On the news tonight, the Chief Medical Officer for NSW said 1.5 million people are expected to catch the virus in our state.
If one percent of these die, that's 1500 people in NSW.
Am I right?

how many people died in the spanish flue pandemic ?

Estimated 20 - 50 mill

lmgtfy.com/?q=how+many+people+died+in+the+spanish+flue+pandemic+%3F

1% of 1.5mil is 15,000 people.

But the death rate is more like 3%..

Sadly I'm not sure which is going to be worse, covid or the panic that seems to be fueled by it.
If the panic takes hold then yacht prices may actually rise.

Karsten said..
Looking for a positive side - perhaps the value of my sailboat will hold up better than, currently, the value of my shares...

It seems that the average age of sailors on this forum is towards umm, the later years. Many of us might even be retirees. A stock market crash might make keeping a boat difficult on a reduced pension. The only solution I can see for that is get out of the high cost cities and into the lower cost areas where mooring, slipping, etc is a bit cheaper. Keep the boat.

id rather be on my yacht than living in some city reliant on supermarkets etc atm. my boats worth more to me now than ever.

The only solution I can see for that is get out of the high cost cities and into the lower cost areas where mooring, slipping, etc is a bit cheaper. Keep the boat.

There is another solution Yara, and you can keep that boat.
Reduce all costs and labor by sharing a boat.
Might not be perfect , but much less radical than getting out of high cost cities.

gary

We live on a country acreage already, but we've been thinking that if we have to self isolate, we may move down to the boat at Port Stephens. Imagine having to sit on the boat, go sailing, windsurfing, etc for weeks on end with only the occasional midnight trip to the supermarket. Oh, the horror......

Not much difference between boats and cars in the matter of depreciation. Buy a new car and it won't be long before it's worth half what you paid. Buy a 20 yo car and if it's a good one, you won't lose much capital over quite a few years.

In both cases, buy an old bomb and you will end up spending more than it is worth

Chris 249 said..
The thing about boats is that if you buy a good older one and maintain it well, you've still got a good boat at the end of the time. If you buy a good older car and maintain it will, it will still normally run out of life.

Some positive news for me and maybe everyone with a boat.
In the last six months I have sold my Southern Cross 23 for $1000 less than I paid for it six years ago.
I have sold three shares my Swarbrick 26 to lovely partners for the asking price.
And the money is in the bank yesterday for my quarter share in Sanity (Jeanneau 35) for slightly more than I paid.
Maybe I had good fortune.

We plan to race the Swarbrick 26 in the winter (very doubtful), and I plan to cruise my Swanson 28 in the future (hopeful).