Those Rates

[FROGMAN524]

Gotta love the Dems. I remember when these started with 2,3 and 4.

 

[Cole Trickle]

I'm not sure this is a REP/Dem issue as much as our government giving away trillions of dollars in the last bunch of years causing mass inflation.

rates were in the 6-7's forever until the government manipulated the 08+ economy.

Personally I'm good with it as i'm collecting 4.5% interest on money vs 0 and now isn't exactly the right time to be taking out 20 year boat loans imho.

 

[sintax]

woah woah woah, you sure you know what website you're on?!!? Only cash buyers around here pal!

haha yea, its bad, and its gonna get a LOT worse in the next 8 mo (not really a hold your hat kinda deal, just watching some scary trends)

 

[Englewood]

Those rates are crazy! I've had some come back in 6.99/240mos.

 

[FCT]

Those rates are crazy! I've had some come back in 6.99/240mos.

Do people really finance boats for 20 years!?

 

[Tank]

Do people really finance boats for 20 years!?

just like an RV right?

I financed my first boat through a traditional 20 year bank loan. I was 21. When I bought our first cigarette I couldn’t qualify for as much as the boat cost. Luckily Phil (Lipship performance) told me he’d carry the paper on half. Very cool of him to do so. Paid him on it for the 9 years we had it and when i sold it I paid him off but even then he gave me a break in the payoff too. Guys a stud.

It is nice not to have a boat loan though. First time I’ve never not had a loan on a boat is our current boat. Won’t have a loan on the next one either. I’m guessing I’ll never have another loan on a boat. There’s some peace of mind that comes with the feeling you don’t have to use it and it can just sit when you own it outright. Always felt pressured to use the boat when I was making a monthly payment. Weird feeling.

 

[LargeOrangeFont]

I'm not sure this is a REP/Dem issue as much as our government giving away trillions of dollars in the last bunch of years causing mass inflation.

rates were in the 6-7's forever until the government manipulated the 08+ economy.

Personally I'm good with it as i'm collecting 4.5% interest on money vs 0 and now isn't exactly the right time to be taking out 20 year boat loans imho.

Yes. Trump lucked out.. he would have had to deal with most of these economic problems that were caused by Covid giveaways and spending if he stayed in office.

 

[RiverDave]

I'm not sure this is a REP/Dem issue as much as our government giving away trillions of dollars in the last bunch of years causing mass inflation.

rates were in the 6-7's forever until the government manipulated the 08+ economy.

Personally I'm good with it as i'm collecting 4.5% interest on money vs 0 and now isn't exactly the right time to be taking out 20 year boat loans imho.

When is the right time?

 

[LargeOrangeFont]

When is the right time?

When you don’t even bother pondering that question.

 

[702sandman]

I'm not sure this is a REP/Dem issue as much as our government giving away trillions of dollars in the last bunch of years causing mass inflation.

rates were in the 6-7's forever until the government manipulated the 08+ economy.

Personally I'm good with it as i'm collecting 4.5% interest on money vs 0 and now isn't exactly the right time to be taking out 20 year boat loans imho

this is exactly right some people just have to blame somebody….

 

[Ace in the Hole]

When you don’t even bother pondering that question.

Go be poor elsewhere. Everyone here pays cash

cost of capital is going to keep increasing the rest of the year. Some stuff is easing but the backside of lending is in my industry right now. Expecting a lot of consolidations and bankruptcies this year.

 

[c_land]

Yes. Trump lucked out.. he would have had to deal with most of these economic problems that were caused by Covid giveaways and spending if he stayed in office.

I agree. I also think Biden made it significantly worse for everyone when he got into office and had to one up trump. He and the libs passed the American Rescue plan that really got inflation going, now we all get to deal with the hangover.

At least trumps stimulus was rolled out when we were staring down the barrel of an unknown virus and 15% unemployment.

 

[Looking Glass]

Go be poor elsewhere. Everyone here pays cash

cost of capital is going to keep increasing the rest of the year. Some stuff is easing but the backside of lending is in my industry right now. Expecting a lot of consolidations and bankruptcies this year.

Today, "Recession Proof" McDonald's, told the majority of their corporate Staff to stay home in preparation for possible Massive Layoffs"

 

[LargeOrangeFont]

I agree. I also think Biden made it significantly worse for everyone when he got into office and had to one up trump. He and the libs passed the American Rescue plan that really got inflation going, now we all get to deal with the hangover.

At least trumps stimulus was rolled out when we were staring down the barrel of an unknown virus and 15% unemployment.

Agreed.

Honestly if we had taken a few extra seconds of debate and analysis during that time, we could have avoided the entire thing. But that’s another topic for another discussion.

 

[LargeOrangeFont]

Today, "Recession Proof" McDonald's, told the majority of their corporate Staff to stay home in preparation for possible Massive Layoffs"

McDonald’s is recession proof. The bloat at corporate isn’t .

They are restructuring and they claim they will lay off hundreds of employees at corporate. Hundreds of people.


And they employ 200,000.

 

[FROGMAN524]

this is exactly right some people just have to blame somebody….

Let’s spend another $7,000,000,000,000, fuck it, you’ve never been busier!

 

[702sandman]

Let’s spend another $7,000,000,000,000, fuck it, you’ve never been busier!

Exactly !! Sorry if your not

 

[Orange Juice]

I’m 62, those rates are “old school”.

Brings back memories of the late 70’s, early 80’s, and the trades offs I made to own a new boat.

 

[Boat 405]

Do people really finance boats for 20 years!?

I've seen 30 years.....

 

[Looking Glass]

McDonald’s is recession proof. The bloat at corporate isn’t .

They are restructuring and they claim they will lay off hundreds of employees at corporate. Hundreds of people.


And they employ 200,000.

Restructuring!!!!

 

[Vamodsquad]

I’m 62, those rates are “old school”.

Brings back memories of the late 70’s, early 80’s, and the trades offs I made to own a new boat.

When Jimmy Carter was leaving office, I had to get a loan at the credit union to buy a used car I wanted. I paid 17% interest to them.
I remember going to the credit union because their rates were cheaper than the Banks were !

 

[FROGMAN524]

Exactly !! Sorry if your not

I hope we meet some day asshole

 

[702sandman]

I hope we meet some day asshole

I’m not Some keyboard warrior, I’m very open and don’t hide behind a screen name. your The one that came at me because I said I was busy with With work if you spent more time looking for work than On the internet your panties wouldn’t be in a wad about Me being busy with work. Be careful of what you hope for …..

 

[FROGMAN524]

I’m not Some keyboard warrior, I’m very open and don’t hide behind a screen name. your The one that came at me because I said I was busy with With work if you spent more time looking for work than On the internet your panties wouldn’t be in a wad about Me being busy with work. Be careful of what you hope for …..

I don’t need work, I’ve got plenty, but unlike you limousine liberals, I understand that just because I’m doing well, despite the commies, doesn’t mean that lots of other people aren’t suffering thanks to your boy and his policies.

 

[BIGRED9158]

I've seen 30 years.....

I’ve seen 40 on a new build

 

[702sandman]

I don’t need work, I’ve got plenty, but unlike you limousine liberals, I understand that just because I’m doing well, despite the commies, doesn’t mean that lots of other people aren’t suffering thanks to your boy and his policies.

We all suffer the same way, I’m paying an extra $10k in fuel a month right now and it sucks trust me. The difference between me and you is I’m not on the internet crying because someone said they were Booked with work. If I wasn’t busy I still wouldn’t be on the internet complaining I would be pounding the pavement making sure I was trying to get work. Your “liberal“ comment tells me everything I need to know about you neither Joe or trump is my “boy” just to be clear.

 

[Cole Trickle]

When is the right time?

3-10 years back when either the prices were good or the rates were low...lol

 

[JFMFG]

This thread is getting good. grab a chair @RiverDave. Maybe next regatta you actually get a doctagon with some sockem boppers?

 

[attitude]

I’ve seen 40 on a new build

For a house or boat?

 

[LargeOrangeFont]

For a house or boat?

For a house boat

 

[LargeOrangeFont]

We all suffer the same way, I’m paying an extra $10k in fuel a month right now and it sucks trust me. The difference between me and you is I’m not on the internet crying because someone said they were Booked with work. If I wasn’t busy I still wouldn’t be on the internet complaining I would be pounding the pavement making sure I was trying to get work. Your “liberal“ comment tells me everything I need to know about you neither Joe or trump is my “boy” just to be clear.

Damn you.. you made me like something Bobby liked.

 

[Tank]

3-10 years back when either the prices were good or the rates were low...lol

Funny how the prices are high and the rates are high. As I recall it’s not supposed to work that way. Lol

 

[attitude]

For a house boat.

I would expect that to become more popular. We are in a payment based society.

 

[LargeOrangeFont]

I would expect that to become more popular. We are in a payment based society.

Yep. Boating is going to become oppressively expensive in our lifetimes.

There is a guy named Constantine that I always end up talking to at 3 Dunes over the last several years and we catch up. If I recall he is from Germany. Pleasure boating is almost unattainable in his native country unless it was generational.

 

[702sandman]

Damn you.. you made me like something Bobby liked.

That was planned

 

[Yldboyz]

It seems that the longer I wait to do something, rates keep going up.

Navy Fed still shows better rates.

 

[Tank]

It seems that the longer I wait to do something, rates keep going up.

Navy Fed still shows better rates.

That’s the challenge right?! All about timing.

 

[Orange Juice]

Restructuring!!!!

They needed a more diverse upper management. Bi-linguals.

 

[ChrisV]

Goddamn those are crazy rates. Good thing I paid cash like the RDP way for my bote.

 

[Yldboyz]

That’s the challenge right?! All about timing.

Correct, I have to talk my self down sometimes...

 

[Orange Juice]

Funny how the prices are high and the rates are high. As I recall it’s not supposed to work that way. Lol

Inventory is a problem. In NE Phoenix, buyers are still competing with cash investors.

One home in our neighborhood was sold to New Jersey SnowBirds. They were here 4 months this winter. Airbnb’s rent about one weekend a month in the summer. It has a pool.

Those dynamics are taking up a bigger piece of the real estate pie. What’s selling today are cash value prices.

 

[FROGMAN524]

We all suffer the same way, I’m paying an extra $10k in fuel a month right now and it sucks trust me. The difference between me and you is I’m not on the internet crying because someone said they were Booked with work. If I wasn’t busy I still wouldn’t be on the internet complaining I would be pounding the pavement making sure I was trying to get work. Your “liberal“ comment tells me everything I need to know about you neither Joe or trump is my “boy” just to be clear.

Everybody who voted for the guy is all of a sudden an “independent”. Always makes me laugh. At least I picked a side.

 

[FROGMAN524]

This thread is getting good. grab a chair @RiverDave. Maybe next regatta you actually get a doctagon with some sockem boppers?

Where’s my guy @BHC Vic ???

 

[LargeOrangeFont]

Everybody who voted for the guy is all of a sudden an “independent”. Always makes me laugh. At least I picked a side.

Yes you did. Yore state is almost as blue as CA. Nice work .

By the way, if you accept government subsidy money for the solar on a new home build, tell us again what side you picked?

 

[FROGMAN524]

Yes you did. Yore state is almost as blue as CA. Nice work

You and I moved away and gave them the state to ruin, now, like parasites, after killing the host, they have spread east and are on to the next victim.

 

[LargeOrangeFont]

You and I moved away and gave them the state to ruin, now, like parasites, after killing the host, they have spread east and are on to the next victim.

Truth.

 

[RiverDave]

I hope we meet some day asshole

Dude you seriously gotta calm down.. people can have differences of opinions without having to meet on the doctagon.. how many people are on your meet in person list now? 4-5?

Stop..

 

[HubbaHubbaLife]

just like an RV right?

I financed my first boat through a traditional 20 year bank loan. I was 21. When I bought our first cigarette I couldn’t qualify for as much as the boat cost. Luckily Phil (Lipship performance) told me he’d carry the paper on half. Very cool of him to do so. Paid him on it for the 9 years we had it and when i sold it I paid him off but even then he gave me a break in the payoff too. Guys a stud.

It is nice not to have a boat loan though. First time I’ve never not had a loan on a boat is our current boat. Won’t have a loan on the next one either. I’m guessing I’ll never have another loan on a boat. There’s some peace of mind that comes with the feeling you don’t have to use it and it can just sit when you own it outright. Always felt pressured to use the boat when I was making a monthly payment. Weird feeling.

Boy you are so right about that monthly payment scenario the way it played on my head.... additionally I was paying an extra $600 for storage/ launch services. I paid off that note in year two just to keep my sanity.... I didn't wanna feel like i HAD to go boating every friggin weekend rain or shine!

 

[FROGMAN524]

Dude you seriously gotta calm down.. people can have differences of opinions without having to meet on the doctagon.. how many people are on your meet in person list now? 4-5?

Stop..

We’ve already met so you’re off the list. Lol.

Oh and this is cool right ?

 

[shintoooo]

The right time to buy a boat or anything that you want for that matter is when you can afford it. Doesn't matter what the price is or what the rates are because you can go to sleep tonight and never wake up. I've seen it happen with so many of my clients. Working and saving and never getting to enjoy that hard work.

You can't time everything in life and you can't take any of your savings with you. Go out there and enjoy life. As long as you can afford it, do it.