SeaKnots

How do you think the current state of the economy will affect us, cruisers? For those looking to use credit to buy a boat, or trying to sell the house I guess it's not good... But for those just about to take off, losing a jobs may be the final push to finally get under way. What are your thoughts?

Views: 19

Reply to This

Replies to This Discussion

We are trying to sell our home and love the comfort of knowing that if it sells before we decide where we want to move we can move aboard! We have lived aboard and on land and know that in troubled economic times we could live aboard easily. We are both retired but I like the idea of taking a negative (losing your job) and turning it into a positive (go cruising!). Go for it!!
If you own your boat, you can anchor out and be self-sufficient. If you can depend on yourself and your boat, what happens in Washington and New York, is merely static on the radio.
If you have a home and are having trouble selling it because of the current economy there may be a silver lining.

Since people are going to be having a harder time qualifying for a loan there will be a good supply of people looking to rent. So instead of selling at the bottom of the market, rent it out, take the income stream and sell it later on down the line when the economy rebounds.

Bill
Renting is certainly an option.
As sailors we all know that things can change on the water very quickly. We put a plan in place and we follow it. We plan for extended foul weather periods and plan for troubles on the boat. Todays economy and cruising are not any different. We will experience some choppy waters but the sun shine and the wind will blow again. So put your plan in place and follow it.
13 month USA bank CD's look good to me! FL. banks offer 4. and some only want as little as $25,000. for 3.5 9 mo. rate...

I know, I sound as if a chicken but hey... play'n it safe...
The high end marina where I've worked the last 2 years just laid me off and my home hasn't sold. Luckily, it looks like I have a renter signing this week. I'll be waiting for the sales market to rebound to finance my liveaboard boat, meanwhile hoping to stay in the game working on the water & getting my Captain's license. The silver lining is I'm now free to move to warmer climes. Right now, it's frigid at night on Long Island.

RSS

Latest Activity

Patrick Findaro posted a discussion

Duct Cleaning Services in Hawkesbury

Duct cleaning Hawkesbury is a process designed to remove dust, debris, and contaminants from your heating, ventilation, and air conditioning (HVAC) system's ducts. Here's what you can typically expect during the process:1. Preparation and InspectionArrival of Technicians: Professional duct cleaners will arrive with specialized equipment like vacuums, brushes, and blowers.Initial Inspection: Before starting, they will inspect your duct…See More
15 hours ago
Patrick Findaro posted discussions
Wednesday
Patrick Findaro posted a discussion

How do I choose the right electric breast pump for me?

The world of breast pumps can be a confusing one! There are a whole range of different products on the market and working out which one best suits your needs can be a little overwhelming! Let's take a look at the two primary categories; manual and electric breast pumps and see how they differ, the advantages and disadvantages of each and how to choose one that will best suit your lifestyle and needs. Choosing the right electric…See More
Sep 30
Patrick Findaro posted discussions
Sep 26
Patrick Findaro posted a discussion

Main Components of an Electric Bike

An electric bike (e-bike) is a bicycle equipped with an electric motor to assist with propulsion. Located in the front or rear wheel hub. Provides propulsion directly to the wheel. Positioned at the bike's crankset. Transfers power through the bike's chain, offering a natural ride feel and better weight distribution. Provides power to assist the rider, reducing the effort required, especially during uphill climbs or…See More
Sep 25
Michael Boyle commented on CAN DRAC's group Beneteau 40 & 43
"Hi all I’ve decided that the time has come to replace the main on My 2010 French built 43. Original main is Elstrom sail and has stood up well, don’t know cloth used, still has good shape but put a couple of tears in main during double…"
Sep 24
Profile IconControlF5 and meetchi.com joined SeaKnots
Sep 24
Patrick Findaro posted a discussion

Want More Search Traffic With #1 SEO Agency In Canada

SEO is one of the most common pathways to find any business or website on search engines like Bing and Google. SEO will help you to improve your site and increase visibility in Google ranking. At WebnOnline, one of the leading and best SEO company in Canada. Professionals working with us are passionate about delivering marvellous outcomes for our clients. With the…See More
Sep 21
ADVERTISE ON SEAKNOTS CONTACT US AT: 
candrac@sailforwater.com

© 2024   Created by CAN DRAC.   Powered by

Badges  |  Report an Issue  |  Terms of Service