Bad News for the Boat Industry

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It’s bad news for the boat industry. In addition to that if you are looking to buy anything that has a motor, you are going to see prices fall dramatically. There’s so much inventory for you UTVs and ATVs. The RV industry is collapsing as well. #Boats #ATVs #RVs #Iallegedly #Recession #BankOfAmerica #Collapse #RetailCrime
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[@IAllegedly]

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[@susanrocksvold534]

😂 Didn't read it, but saw headline about Bezos 'Spending 200 million on homeless but just invested 500million to do total opposite'🤷‍♀️ 😂😂

[@Billytomtom18]

That is why I never belong to any social media platform. I joined one of them for a month or so and the scammers were on me like bee’s to honey 🍯 A lifelong friend, her account or phone number was cloned. According to her there was an Organization giving out Grants to repair your home. Unknowingly I thought I was texting her through Messenger and she provided me with the information for a Grant. Now I grew up in a working class neighborhood and we were all a bit street wise. So this Impersonator told to go to a local drug store and get 5, $100.00 gift cards and give him the PIN numbers. Please don’t insult my intelligence, did he think I was going to a 24 hour drug store and buy these gift cards and give him the PIN numbers. Sorry Charlie that Con is as old as 3 card Monty used to rip off tourist in Times Square. Oh btw those Hardy Boy boats were called Peen Yan boats. They are beautiful boats but they require constant maintenance. Thanks for your videos Dan 🛶🚢🚤⛵️⛴️ Another thing I’ve learned about social media is once you start, they are like cockroaches, almost impossible to get rid of them 😂

[@arifeliciano1275]

What in the economy is bad? Jobs? No Inflation? No GDP? No

[@ajett5081]

I am 81 and I am cleaning out my house of a lot of stuff. Can't take anything with me, so leave it on earth for younger people to fill their garages with.

[@user-vw8nh4dw2o]

Your a nice man. Hope you find a nice happy resting place, in 20 yrs.

[@mollypaintscows]

We’re in our late 60’s and we’re doing the same thing.

[@matthewsmith2362]

Right on man I want to do the same Only 40 tho So hopefully 🙏 I’ll have more years to build more and pass tools as well as skills on. I want to become a master handyman The bluest of blue collar if you will.

[@allenschmitz9644]

Lol, they don't have garages there called PODs storage bin generation...

[@tommak6516]

OK, but, you may find nobody will give you anything for you used stuff. You may just have to give everything away or throw it away.

[@Particle_Ghost]

But the government came on TV and said everything is fantastic and they would never lie to me. 😂

[@kidwichita]

Yes, the fed is always looking out for our best interests.

[@anthonyjamieson3875]

LOL 😂😂😂!

[@jimmyjames6487]

Biden loves us all

[@rondent6875]

That was obviously a lie

[@Munjajane]

Yes. And followed up with an add to get your Spike Vax by Moderna !😱

[@matthiasgrutzner9768]

I bought my boat in June 2021, and 2.5 years later I still absolutely love it. I love anchoring out where there's no noise and light, I'm learning so much (technically and lifestyle-wise), and I'm making new friends and entertain existing ones.

[@user-wo3lv5dl7e]

I did it a little differently. I joined the Navy and lived on my boat The USS Kitty Hawk CV-63. O and they paid me. YAY !

[@terrymagnusson3064]

Thank you for your service , God Bless those who serve this great country !

[@sprinkle61]

Best way to get a boat, get the taxpayers to buy it and pay to maintain it.

[@robmcguckin7605]

Oh! And they "vaccinated" you too!! YAY......Nooooo!

[@tommak6516]

Thanks for the useless nonrelevant info.

[@timborek7109]

Thank you for your service!

[@peggyharris3815]

So glad you resisted the pun "Boat sales are sinking."

[@deborahaichele8829]

😂😂😂

[@nathanielcarreon5634]

The boat industry or any luxury is the last thing struggling ordinary people have on their minds

[@musicmamma]

Right with u on that!!

[@jonhart-dj7fn]

Meanwhile president Biden gives away Bunker bombshell to make it's clean

[@jonhart-dj7fn]

Global warming star ⭐ for sale

[@Litterbaux]

I agree but it does show even the super rich are struggling. This mess is going to be epic when push comes to shove.

[@jonhart-dj7fn]

@@Litterbaux Rich people have same attorneys as this administration.. it's the folks in-between that die for them daily LoL

[@Backnine907]

I have a buddy who just purchased a used Carver 396 that was listed for $189k. The boat was on the market for 4 months. He made an offer of $125k which was initially rejected and the owner counter-offered at $150K. My buddy turned that offer down and stood on his offer of $125k. Three weeks ago the owner accepted the $125K which included all the taxes and winter storage fees.

[@michaelvanhorn3271]

I was talking to my sister the other day, she is in the car business and to say it nicely IT'S SLOW. She asked if I was interested in a newer car, and I laughed it off that I am about to put brakes on my Buick. I don't do car payments and as much as I hate mechanic work I fix everything myself. They I said, I am looking for a diesel pusher motorhome and a specific motorcycle if she has a customer needing cash to deal on a car, she asked about trading in my current car and motorcycle I said no been saving up for this and am in no hurry. She makes 8 to 10 times what I do and completely doesn't understand... how I have cash... every month a few dollars and every side gig... saved for what I want... It's the 5th of the month and I have had a half a dozen family and friends complaining they can't make their bills. I Praise God he taught me to stay out of debt.

[@wgj0510]

My car is paid off and I will drive it till it falls apart had payments all my life 61 now sure don't miss them 🎉

[@Dailyfiver]

I had a car payment for less than a year and I was lucky enough to make money on the sale during the pandemic. Learned my lesson at 23 years old. Other than my mortgage, I will never have another loan again. I now own a 24 year old Toyota that I paid $4k cash for. 120k miles on it and I will drive it until it’s sand.

[@l.ls.8890]

Many b oats here in my part of Florida are being sold and used as live aboard types. The insurance is minimal and the slip rent is cheaper than buying or renting a home on land.

[@tikigodsrule2317]

Actually my wife and I enjoyed our boat as a docked condo. Ocean property cost in California is absurdly high. We found a marina in a wild life preserve with a great restaurant. Then found a steal on a cabin cruiser rebuilt by the previous owners life savings. Very nice marina with security, bathrooms ,showers, washer, dryers... Interesting perk was watching the 4th fireworks show from the boat. The park was closed but marina gate card holders were allowed in. For much less than renting a micro condo with a view we were actually on the water for a few hundred a month. In the end the boat was donated to a good cause, (training the sea scouts) I got a big tax write off. No, hassle with escrow fee's, commissions or negotiations...

[@MyBoatLife]

Good for you!! There are affordable ways to enjoy the boating lifestyle.

[@SAFETYHOOD]

Ross Perot in 1992 was a Billionaire from Texas running for President and drove to work daily in his 1986 Oldsmobile Cutlass Station-wagon. I know personally of a man who was one of the original founders of Cathay Pacific Airlines out of Hong Kong - he drove a Toyota Delivery Van and lived in a Home made out of Shipping Containers - - dress like a common man - nothing fancy at all and yet also had a multi-million dollar home in New Zealand on the Water at the top of the North Island of New Zealand. To Look at him you would think he was hurting for money.

[@rudbeckia885]

He owned a feadship

[@mattie3595]

Big boater here. On our 3rd pleasure boat - all paid for. Be super careful if you are gonna buy a used/bank owned boat. Boats require incredible upkeep costs. You might find a great deal - but if it wasn’t maintained properly by previous owner (very likely because they lost it to the bank). Some big costs to get the boat back up to proper condition.

[@yosemite735]

Its the same with the horse industry. Many baby boomers had cheap horses that they boarded down the street for a few bucks a month. Now, the board is like $500 just for pasture. The middle class can no longer afford to do this. Maybe in the middle of the country the board is cheap, but the jobs are not there. With the end of the baby boomers, there will be an end to a lot of things.

[@Dan-440]

We moved to the country 20 years ago. One thing I didn't know until we moved out here is that most people who have horses shouldn't. Most do not take proper care of them. It costs too much.

[@wayneanderson1641]

There's a huge problem here in horse country Florida, people are boarding their horses and never coming back to get them.

[@tommak6516]

Unfortunately, will be like Animal Farm Book as far as the Horse is concerned. Very sad.

[@bensherman8976]

Everyone is screwed it's just that simple.

[@IAllegedly]

Time to buy a boat Ben

[@tamjeanell]

Not everyone

[@deborahaichele8829]

😂😂😂

[@bensherman8976]

@@tamjeanell give it time your going to suffer like the rest of us...

[@davidmercer5561]

Some people will become wealthy as the system melts down

[@kq2191]

It’s also the storage of your boat, just our boat rental was 600 per month, got rid of it , best decision ever.

[@user-vw8nh4dw2o]

Moorage and Storage Parking yards, become a huge liability. Even small stuff, m/c and small utility trailers, storage fees, exceed the value of the item (s) if store them too long.

[@youtubecarspottersguide1]

rv storage also , some areas boats, rvs go into heated storage for the winter

[@Dailyfiver]

As a Michigander I’ve never understood how people can buy a boat if they don’t have a place in their yard to keep it in lmao.

[@motorcitymadman146]

People thought going into debt for toys with free covid money and no rent would make them happy. But it didnt. Now they are broke and life sucks.

[@Itsaboutthewaterlife]

Well said.

[@jackmcandle6955]

And somehow its Bidens fault.

[@michaelsjolin9203]

You are soooo right about the 3 best days of owning a boat. I've experienced 1 and 3, however my wife would not have tolerated step 2. Someone once told me that a boat is "a hole in the water in which you drop money".

[@user-gi2mj3cw7z]

What is 2

[@endtimes2100]

@@user-gi2mj3cw7z The chicks.

[@michaelsjolin9203]

@@user-gi2mj3cw7z the girls

[@random2829]

You don't "drop" money in that hole, you THROW it in - like you are on a float in a Mardi Gras parade!

[@johnathonhuson8734]

That’ll be another thousand..

[@michaelvanhorn3271]

I seriously would not be surprised if 2 years from now to see everything from boats to rvs to homes and businesses 1/2 to 1/3 the current price. I am older and in bad health, but I plan on enjoying the last years. I don't need a lot but I really do like comfort.

[@robmcguckin7605]

By any chance did you ever live in the outskirts of Philadelphia......(Wynnewood, PA)? I remember the VanHorns in 1991 who had an aupair named Christine who was from Besanćon, France.

[@michaelvanhorn3271]

@@robmcguckin7605 I was born on 9th and Race in Philadelphia, your probably taking about family, I have family Williamsport, Scranton, Wilkes-Barre... and of course Van Horn Texas...

[@AmericanConstellation]

I live by the gulf in Florida. I'm retired now. I've always had a boat and I still do. I'm lucky that I am mechanically inclined and love to twist wrenches on on the boat. The one thing I did years ago was that I bought my new boat cash. I don't want boat payments. The boat I have is going to be the last boat I'll ever have. I did see here in Florida that during covid, people bought a lot of new boats. I'd go out on a week day and the water ways were packed. That's going away now. They have boat payments now and some have slip fees and I'll bet they regret owning the boat now.

[@ipenguin3918]

People now regret living in Florida.

[@AmericanConstellation]

I've lived here all my life. My mom and dad were born here as well. As for people regret living in Florida, I say get out! Give it back to me. They came down here from up north and ruined the state. They complain about the traffic and the drivers and don't realize most to the drivers are from someplace else! They say the food sucks and the weather is too hot and humid. Well, didn't they do some research before moving down here? They need to hit the road and go back up to the liberal mess that they created and voted for that they were running away from! Its fun to watch.@@ipenguin3918

[@CalifiaGoodvine]

​@@ipenguin3918😂

[@georgedreher2322]

@@ipenguin3918 Yep... Florida Sucks! Increasing property, car, property taxes, and cluster f*ck on the highways.

[@Dailyfiver]

Buying cash is the way to go. You’re a smart guy.

[@operationretribution1263]

You'll see a lot of the off road things get "stolen" as the owner will get more collecting insurance vs selling it.

[@glengarbera7367]

There are burning pre built homes in Canada.

[@bryansmith6054]

One of the good things about owning a boat is when you can’t get groceries anymore inland you can always hop on your boat and go fishing for food.

[@markphillips9822]

My daughter is a yacht broker in South Beach Miami. They are adding boats to their rentals because people are trying to rent them out. So they can continue to make the payments on them. They aren't renting fast enough.

[@user-vw8nh4dw2o]

I worked at a Marina, long time. .. Yacht/Trawler owners they allow their boats to be 'Chartered' out (rented), as you say.. we teach the people how to run the boats, then they go.. Surprisingly, not much damage or headaches occurred.. a pretty good business model.

[@markphillips9822]

@@user-vw8nh4dw2o yes you are right

[@tommak6516]

@@user-vw8nh4dw2o That is what Gilligan said before the storm.

[@anthonybasiliere9366]

I guess now would be a good time to rent a yacht. I can’t afford one but would love to spend a couple of months on one.

[@anthonybasiliere9366]

I have been waiting for a major market correction for ten years. It hasn’t happened …yet.

[@msgmak1379]

Bought a brand new 23' Searay Bow Rider in 97 for $23k. That same boat today costs $165k......I have no idea why new boat sales are down...lol....I must confess, I'm probably on the 3rd boat since then but buy lightly used for 1/2 price of new.

[@jayf6525]

The boat, motorcycle and RV industry are taking a hit and it's going to get a lot worse. When we owned boats quite some time ago, my wife's late mother gave us a refrigerator magnet with the definition of a boat. "A hole surrounded by water into which you throw money". Yup. I do think that many people who own boats are "aging" out of boating. I'm seeing a lot of this in the RV industry as well; a transition for snowbirds from an RV to a park home. And young people today just aren't into it nor can they afford it. There was a spirt during Covid with the free money. But that party is over. I did just buy a new Segway ATV for $14k when they are asking $20k. So, yes, the deals are starting to trickle in as inventories get more and more bloated and interest payments on floor plans eat profits. I love this thing. It's my getaway into the mountains. With regard to helping the needy, if this country wasn't being run by globalists and climate zealots, we could take proper care of our veterans and our most in need.

[@kidwichita]

I looked at RVs a while back. After doing research that what stopped me from buying. Lot's of owners complaining it's a money pit.

[@williambrownjr2346]

As a yacht owner of 42 years, there's another expression used frequently , Break Out Another Thousand to define what a boat is. No doubt about it, both are very true.

[@crosslink1493]

A lot of boat buyers don't consider the ongoing expense of a boat slip rental, storage lot rental, trailer, ongoing maintenance, etc. Whenever I've wanted to go fishing I'd just rent a boat. Deep sea fishing I'd just sign up for a scheduled charter boat trip.

[@georgedreher2322]

@@kidwichita We bought a small used utility RV trailer camper several years ago we use for camping trips in North GA & SC mountain areas several times a year. The $10K price was right and requires very little maintenance (all aluminum frame). Has rooftop AC/Heat & Maxx Fan, pull-out kitchen, EZ to pull (only weighs 2200 lbs loaded), fits in our garage at home, and better than sleeping on the ground or in a dirty hotel/motel.

[@TheWallofWealth]

Wow-zer,...

[@JodySedrick]

I don’t know why people say the happiest day for a boat owner is they say the sell. I’ve had my 21’ Calabria for 7 years and LOVE every day with it. Can’t wait to buy a catamaran and sail the world. Hope to do this in 2025/26

[@damonmd3]

Thx the comment section was getting depressing

[@karenalbanese9308]

Thank you for sharing! What touched me so much is that man you gave to and he said “he gets to eat today”. God Bless you for helping someone! You will receive the blessings back 10 fold!

[@seekingthetruth304]

Boat marinas just amaze me when i see hundreds and hundreds of boats just sitting there even on the nicest day !! They NEVER even use them !!😢😢

[@williambrownjr2346]

What he walked by is not hundreds of thousands, you're looking at millions. A boat of a million plus in Southern California are a dime a dozen. This is coming from someone that has owned a yacht for over 42 years. I'll agree that not seeing any boat moving out of the slip on a nice day is pretty amazing given the location. My boat sits in a marina where you have to winterize the boat for the winter. Most of the insurance companies I've dealt with, require a "lay up period" where you are not covered if something happens during the winterization period.

[@user-vw8nh4dw2o]

That enormous amounts of money wasted each month, for a little bit of summer boating fun.

[@georgespiese7388]

New dentures! I’ve been saving for couple years now. Hoping to get used ones for less than retail! Sheesh!

[@dennisboran772]

People need to concentrate on doing what they can to stay alive., let alone buying expensive toys. We are being attacked in multiple ways like never before and it seems some people don't understand that we are in a boat load of trouble!

[@patrioticjaustralia4679]

Governments around the world have declared war on their people but the people don't see it or believe it

[@sailingcapedissappointment2012]

Which is why I bought a boat in the first place .. If I was planning to stay I would have gotten a small helicopter ....

[@cvsmiss7578]

⁠well said

[@rockpadstudios]

That is one of the signs of a bad recession when people stop this kind of buying. I had a co-worker that paid $250k for a twin engine boat. They didn't setup the cooling right so he burned out one of the engines but warranty replaced it (never did run the same). Two years later the second motor burned out but it was now out of warranty. $25k to get it replaced (25 boat units). He was in a fancy boat club in San Diego and fee's etc. were crazy. He dropped another $50k over the next few years only to sell it for $35k. He bought a porsche for $100k and some change as he used to say. He burned out the engine and spent $25k to put a new engine in only to decide he wanted a Tesla. He goes to sell it and they only offer $8k. The dealer said it didn't matter that he put in a new engine because it's all based on odometer miles. So the bottom lines is if you are getting rid of a money pit don't throw more money down the pit.

[@russmcmeans4667]

Wow! What a disaster. Crazy! I have been through 4 trucks that were disasters. But my Toyota has been good to me, though expensive. It's a pristine Tundra. 15 years old now. Good truck.

[@razz.7446]

I guess he wasn’t good at maintenance

[@nightowl6811]

​@@razz.7446😂 exactly lol, absolutely no excuses

[@birdmannichols939]

@@razz.7446 Lol first thing I thought when I read that, Jesus christ. talk about more money than brains and no real world experience whatsoever. Thinking you can recoupe value on an engine swap LMAO😂. I raised my eyebrow at "they didn't setup the cooling right." on a boat the cooling system is set up on it's own😂 this entire thing just means his friend was an actual idiot who can't be trusted with money sounds like the dude would be screwed if he didn't have a disposable income lol

[@razz.7446]

@@birdmannichols939 Absolutely

[@hcox1111]

Chemtrailing right behind him, probably trying to cool it off a bit. LOL

[@Jeff-ge4kc]

Danny do you know what BOAT stands for? Bust Out Another Thousand. Headaches

[@tobagotom]

I’ve owned boats for over fifty years and love it. I own three now . Don’t regret a penny of it

[@ipenguin3918]

The saving grace for Major Industries is that 2024 is an election year. Most certainly the Big 3 Auto Makers could declare bankruptcy. They may claim profitability, but their liabilities will break them.

[@deniseclaeys8295]

It doesn't have a motor, but I got a nice fishing kayak for $399 on Black Friday. I looked for over a year, and had looked at boats that cost 10x that much. Patience rewarded- I am thrilled!

[@IAllegedly]

That is a fantastic price. Good for you.

[@deniseclaeys8295]

Thanks, Dan! I think I should look into my leasing my own state park, where I can go fishing. Your son would be welcome in his van! 😉

[@user-vw8nh4dw2o]

Many folks think their ugly boat worth a lot.. I'm waiting a good deal after the holidays too.

[@Epona52]

When you realize how much land the U.S. Government owns - mostly west of the Mississippi - they could begin selling it off to raise money! In Nevada, over 80% of the land is owned by our government; overall, about 47% of the land in western states is government-owned. I don't recall anywhere in the Constitution where it says the government should be in the real estate business!

[@Woodsrider9338]

Sold my fishing boat in 2021 that I had owned for 10 years and made $1500 on the deal, also sold my KTM dirt bike that I raced for 2 years and made another $1000. It was very strange to see this back then but I knew at some point the worm was going to turn.

[@tamibrink8569]

You are one of the good guys Dan ❤ Appreciate your videos. Greetings from Oregon

[@user-zg7kp8dv6m]

During the Great Depression people were selling their cars for $100 bucks. So, yea, prices can plunge.

[@ccw-cs6xb]

As a child, my mother went to a doctor and the charge was $0.25. She said her mother cried as that was her last quarter. It was said, you couldn’t buy a job.

[@billyflanagan9657]

😂

[@bretgreen5314]

Dan'l, thank you so much for the boat tour. So nice.

[@rockymnthodad3047]

Glad you mentioned the Galley Cafe, I thought you were strolling there near bye, Promontory Bay and Point in background.. Mertyl & Eddie a very fond memory as I worked in kitchen of the Cafe back in the day 1976 or so, need to drop in and catch up with an order of Chili Size ! . The Golden Rule of doing to others as you'd have them do to you and or love your neighbor as your self ,, seems cliche to say but I'll say it anyway, as when times are good or bad , you want that in your world, whether you get a deal or no deal on the stuff you try to buy. I want to buy the house on the SW corner of Little Island , sail my boat down there and tie up at the dock in front of it....good times.. something tells me the market won't accommodate me yet for that !:))

[@robertabbott8541]

The big drop hasnt happened yet. When the Big Banks continue to go down the prices now will be seen as outrageous. It will get really scary.

[@fatpatridesagain]

Good video.....I'm grateful for the time I had with boats and because of boats I'm able to have a nice retirement not because I'm smart, not even close, but only because I was lucky enough to be in at the right time. If you love money pits or having your ass handed to you buy a boat or even better get into the boat business.. As the saying goes " If it Flys, Floats, or Fucks rent it".

[@paulkelly4731]

Haven't seen significant price drops in my area... and this guy touches on it... lots of people with money, and nice inventory goes fast.

[@user-vw8nh4dw2o]

As much as love motor boats/yachts, they sure if you let them, guzzle a lot of fuel. A 54' yacht trip I was on, from Hawaii to Vancouver = 2000 gal of fuel @ 7 knots, continuously, (2 gal/hr each) for 18 days. The tanks/bladders were almost empty upon arrival. A sea trial, 17 knots/hr, both engines were sucking 28 gal/hr, each.

[@bryanlee8577]

Boats always fall in November. When a 20ft boat cost 65,000 plus with others cost more than a house. My boat is 2021 and the price went up 195,000 more for 2024 model. Crazy times.

[@larryblake3048]

A 5 gallon pail of Sunoco Optima 95 unleaded (zero oxygenates) is about $100 in SoCal.

[@aaronmast1543]

I'm wondering if the rich people don't realize what is going to happen because where I am they have their season beach homes and boats. One lady said she down sized from 7,000 square feet house to 3,000. I had to laugh because she lives by herself and my house has 5 and is smaller than hers.

[@youtubecarspottersguide1]

same in beverly hills 12 bed .16 1/2 baths 14,000 sf

[@chriseustace9734]

Remember the cautionary saying : If it floats, flies or fxxxxxx then Rent It!

[@ipenguin3918]

Soooo true.

[@jamesrobinson8247]

Dan, The story about the homeless veteran and how you walked over and gave him money so he could eat is why I like and respect your channel. At least you practice what you preach. That’s what being a Christian is all about. There’s another guy on KZbin who goes by the name of Jeremiah Babe who just goes around lifestyle shaming people who are unfortunately struggling to survive. That bastard lives high on the hog and likes to put down the homeless and doesn’t do shit to help someone in need . It makes him feel like he’s superior to everyone else when he’s actually worse than most. He’s always talking about his house, his gold and looks like he never had to struggle a day in his life. He’s a KZbin punk. What I like about your channel is that you keep it real and you speak from the heart and you walk the walk. I just wanted to thank you for that. It gives me hope for humanity.

[@russmcmeans4667]

Dan has a golden heart. You can tell by how he talks.

[@user-cf6gw8zg4r]

Lovely boats, wish I could afford to buy a large boat. Dan, thank you for this report.

[@moleisrich1]

My boat is 19 years old. Bought it brand new. Been paid off for 14 years. Best boat I ever had. No problems what so ever. I’ve owned a bunch of boats. But this Yamaha ar230 is been the bomb. Starts everytime.

[@jonesjones7057]

Yep. I had a 2008 Ar230, sold to a buddy because he had young kids, mine were busy as they got older, but that boat NEVER let me down. Best boat I ever had. He's had it for a couple years now. Still perfect.

[@Dailyfiver]

Glad to hear it!

[@stevekamitsis1327]

Saw your video and enjoyed it thank you, I recently sold my 176 key west , I went to nada and put a price on it that was in the middle of the range, and it worked out for me and the buyer. But I am looking to get another boat in October, I believe at that time more people will be more motivated.

[@crosslink1493]

Hey dan, you should check out the musical instrument market. People who bought good-quality stuff 1-3 years ago are now trying to sell it for near what they paid for it, while the used stuff at the music stores sells for less. Crazy. BOATS - Back in my high school days I had a friend who went to Corona del Mar high school. His father was a filthy-rich lawyer, partner in a law firm, and had a big, opulent boat in Newport Harbor. He never took it out to sea, it was simply to entertain clients with parties and cruises around Newport Harbor. All the costs were written off as business expenses. For fun ask any loan friend you might have what the interest rate is on a boat loan right now (compared to housing or car laons); be prepared to pick your jaw off the floor.

[@steven4315]

A recession is when your neighbor gets laid off. A depression is when you get laid off.

[@michaelsikorski-mahler2375]

Dan, long time listener, love the show! First time commenter on your channel, but I wanted to let you know your hair is exceptional today, it looks great.

[@IAllegedly]

Thank you I spent a lot of time on it like John Travolta in Saturday Night Fever

[@random2829]

Remember when Virgin Atlantic was pushing for "space tourism"? Good times! Good times!

[@sd-xo9dk]

Not so fun owning his stock. 50$ down to $1.00. Not a happy camper.

[@rickranum1]

Hey Dan, I know you can’t talk about chemtrails on the air. But, you could point and smile. At 20 minutes into the talk behind you.

[@user-vw8nh4dw2o]

Bill Gates, he behind the new 'Aerosolized Vax' sprayed from aircraft.

[@Billytomtom18]

Hello Dan years ago I used to get the old hand me down boats we had on a lake in NJ. Well I repaired the the nose of this old wooden Hardy Boys boat with a walk through and a hatch in the back for the gas tank. Dan it had an old White 50hp. Mercury outboard. The lower end needed to re-worked with a flush outlet or water jacket so I could use it out at Freeport LI. I had a great time with this boat. The Marina had liquor licenses on the wall for almost 100 years except during Prohibition. I don’t remember the name of this Marina but it Iconic to there area. But I was a young kid and just got my drivers licenses, just out of HS. I was looking for something that was fun, boating is cool, but you really know the rules of the seas, or Maritime Rules. But because I had known plans to go to college, I registered for the Draft. Great fully the War ended before being required to go to boot camp. After the War was over, I decided to go to a Trade School. That was the smartest decision I’ve ever made. With a Trade a person can almost work anywhere in the Country or World. And yes there are some amazing women in my Trade, why do people think that women should work as only a secretary or something like this ? During WW2 woman built and flew many of the Fighter Planes and Bombers which were made in the USA or over in the UK. In my humble opinion, boats are the gift that keeps on taking. I just left my boat at the Marina, because I couldn’t afford the winter dry dock fee. But I will leave this comment with one final note 🎵 If You See A Veteran, Thank Them For Their Service !!!

[@mollypaintscows]

Our family members just sold their sailboat. Yup. They also sold their house with a pool. They bought a smaller home near lakefront where they can carry their sail boards to. 🤔 They won’t dare admit that their lifestyle has maxed out.

[@charleshammer2928]

I had a former boat owner here in South Florida tell me that the 2 happiest days he experienced during his boat ownership, were the day that he bought it and the day that he sold it.

[@MarketingStrategies28]

No you didnt

[@charleshammer2928]

@@MarketingStrategies28 Yes I did. Eat me.

[@MarketingStrategies28]

@@charleshammer2928 you did not liar. How sad are you

[@charleshammer2928]

@@MarketingStrategies28 It's spelled liar. Learn how to spell. Who consults someone for Marketing Strategies that is unable to spell or speak basic English?

[@MarketingStrategies28]

@@charleshammer2928 You can take it up with google spell check. Go cry to them little man

[@peppypattib570]

Keeping money for basic living - no motorized "toys", trips, real estate, additional decor, or closets full of anything - limited dining out - keeping 2019 vehicle, which is perfect. Selling extra accumulated stuff as well as donating things. Keeping aware of who could benefit from gestures of kindness & encouragement.

[@smo-guiver8315]

We bought our 1 owner Sea Ray for cash at a yard sale. We ad good luck with it so a year later we bought my wifes car from the same people. Zero debt and zero repairs so far.

[@Bob-cd5pp]

Hay Dan, I agree I have been saving for a plane for 2 years , I can not wait....

[@jamespeacock7202]

My father was born in 1900. Southeast alabama. He said During the depression a dime Looked like a log cart wheel Coming down the road.

[@shady9891]

We have some friends that work in RV manufacturing up in Indiana and even they're surprised the demand hasn't decreased since covid. It's been odd since it doesn't seem to align with the news of the immediate decline being reported but currently they're still pumping out inventory.

[@wittelarry1]

We grew up in El Toro. Now living in Kingman Arizona. Enjoy your show 👍

[@keithfrazier2558]

Atlanta had the same thing happen with a homeless person. They were storing all sorts of plastic things, cones, barriers, street signs, temporary signs for the street depts. Got to watch what they store material wise and what quantity becomes an issue.

[@billyflanagan9657]

You are awesome.we all need to help people less fortunate ❤

[@thomasromero3154]

We have a boat in Huntington Harbor and they just raised our slip rent by $125 per month.

[@MountainManFred]

Good vid...saving for a truck / car / suv. Just starting to see the truck prices come down..

[@tarawhite4419]

I saw a story that electric bikes are being banned in apts because of fires

[@mollypaintscows]

Whoa! 😮

[@realreviews9207]

I only help people that help themselves, and that's it.

[@xmbjams]

Boat prices did drop but it’s bring young folks like me in & that means likely is we will pay people like you to teach us the ways & the trade as well as how to maintain our living space . My generation is moving toward alternative living & boating is now catching our attention, some aren’t in it for the right reasons as a new boater I’m trying to learn the real way of the water .

[@jerryandre3270]

Great Video as usual. Great job Dan.

[@IAllegedly]

Thank you very much

[@FM-db3ft]

Boat prices are one thing but paying 5-10 grand a year for mooring and storage means you could buy a new boat every 7-10 years so advice is, don’t buy a boat unless you can store on your property.

[@jimoliver2309]

I've been building sailboats up in my attic.....sails are thru the roof!

[@danielj3010]

Let's go on Dan's boat!

[@robertsloane1268]

Maybe a reset in prices.. a 26 foot Sea ray family sport boat at over 200k is nuts

[@davidbobo9740]

Music to my ears . I'm retiring and want to get a boat. I worked for 15 years ferries and tugboats so I'm not a rookie . Not recommended for everybody

[@ipenguin3918]

I like Submarines. Stealthy.

[@MarioMaresSr]

Perfect now I can buy my live on board yacht

[@morrisritchie8125]

Thanks for the TANKS!

[@Tommy-blue590]

Merry Christmas 🎄🎁.

[@johnmusser8925]

Zelinsky helped out he just bought two yachts for 75 millon

[@ez1913]

In 2020 our shop had a 6 week wait for service. Today, I have 1 boat in the shop.

[@marilynking6535]

Yes, boats family owned, sits most of the year, boat insurance WOW, adds up besides pulling it to destination, FUN, BUT NOT WORTH FOR RECREATIONAL 😮, None motor kind are fun too

[@judycromar5893]

Saving for a house hopefully I will see prices like in 2008. Too young to buy at that time.

[@RD-8]

Thank you for meaningful and real news, Dan🌟 Stunning background and sky views, except for some chemtrails💫

[@johnhalpin9168]

Atlanta had a fire under I85 in 2017 from a similar storage situation. Messed up traffic for weeks

[@ipenguin3918]

Atlanta will be the next Chicago soon.

[@rogernorman2621]

Here in the UK it’s also marina fees! For 6 months of the year the fees have to be paid and the boat is not being used for this reason autumn and winter is a good time to find a bargain. Fuel costs have shot up and our cheaper red diesel has been effectively outlawed to use in boats. It’s not only power boats though. Sailing boats are not fetching good prices. In the UK we do have the weather against us. A good summer can help to increase demand.

[@Deepimpactocean]

I agree with part of your comments, but not all boat classes have been affected the same way. I have been patient and have followed pricing on center consoles for 3 years and we are still seeing private sellers and dealers list used boats that are 2-3 years old for 10-20% over the original purchase price. Because the production boat builders increased their pricing so significantly since covid, it appears we just now started to see dealers stack inventory. I do think we will start seeing more dealers fold if the current potential buyer population remains patient and declines to pay these crazy prices.

[@IAllegedly]

You are about to see the people that have use their homes as piggy banks have to sell these boats.

[@commonsense5741]

The secret to gaining wealth is using other people's money and not using your own.

[@allenschmitz9644]

Own a cult.

[@darrellluck7230]

Veteran is a 3 syllable word. Not VET - TRAN. Correct pronunciation is VET - ER - AN.

[@timborek7109]

Since I was a teenager some 35ish year ago, I've dreamed of living aboard a boat full time (south of the snow belt). Doing much of my own maintenance (and staying single) could make that lifestyle about the same as my mortgage, HOA dues, insurance, utilities, and upkeep. Problem is, nowadays the nicer independent marinas where you would WANT to live are being bought up by large marina management companies who prohibit boaters from making their boat slip their mailing address. If you keep your vessel seaworthy and in good repair, and are a considerate neighbor, what difference does it make? I know of one marina (Charleston SC) that requires you to buy a slip (starting at $40K for 40 feet of dock) and then pay quarterly yacht club dues; membership gives you access to on-shore amenities like laundry room, showers, bar/lounge, swimming pool, and 1 or two parking spaces. But places like that seem increasingly rare.

[@littlecougarkitty3063]

Cracks me up. Your concept of "beautiful" is SO different than mine, lol.

[@martysk8r]

Bring on the winter boat deals. I want a Yamaha AR190.

[@dawnsinay1464]

I live on my boat! best choice I ever made ❤

[@1999zrx1100]

I’ve also heard of many Americans able to put big ticket items like boats on their mortgage and then get a tax break on the interest. Up here in Canada that can’t happen, when you do the math that boat sure costs a bundle.