Reply to thread

Message: <blockquote data-quote="SLE" data-source="post: 321107" data-attributes="member: 3889">Well boys, that's a combination of high demand and ridiculous inflation. And as long our treasury department keeps printing money like drunken sailors and giving it away for free with interest basically at 0% outa the federal reserve, it's not gonna get any better. Unfortunately, sticking to the Ramsey's cash idea isn't quite as stellar when the you can borrow for almost nothing an pull in 8-12% in the market without even trying. Hence the inflation flying through the roof. Lots of factors, but the reason those 20 year old boats are $20k is because the new ones are $120k. Its all relative. There are lots of guys that bought new boats, ran them for 3-5 years and were able to sell them close to what they paid new, I'm one of those guys. However, the flip side of that was that same boat to buy new had increased $20k over that 3-5 year period. At the end of the day, your gonna pay to play no matter, so pick the poison that fits your budget!- - - Updated - - -Just for reference, from personal experience, I get a new truck about every 5 years and every time I do it, the new one ends up being about $10k more than the last one and that's buying the same brand, style, and trim level each time. That's averaging about 4% inflation year over year. With that said, each one has had more standard features than the last and each one has gotten increasingly nicer. One side note however is I would honestly wager that a new 2021 F150 XLT with a leather upgrade is nicer than a 2011 F150 Lariat. This is just the same as my new Lariat having more features and being nicer than the higher trim Limited's, King Ranch's, and Platinum's of 5 years ago. If you take that into account, and actually stuck with option for option equivalents, I'd be willing to bet you could get the inflation down closer to 2%. boats are the same thing. 20 years ago, a 20 footer with a 225 was king of the water. now it takes 22ft, 10k worth of electronics and 400hp to claim the same title. food for thought.</blockquote>

Verification: What is the most common fish caught on this site?

Reply to thread

Recent Posts

Friends of NDA