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  #41  
Old 08-26-2012, 12:36 PM
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Quote:
Originally Posted by Nick911 View Post
My city's average wage (Fort McMurray) is 170K/year (household). So stands to reason that half of households make more than that. And Alberta median income of ~ 85K mean tens of thousands of families that make more.

So a new loaded MC is well within reach of many here.
I would almost hazard to guess because of the number of people that live there and the type of work that they do that the average household income is fairly close being the true average not a weighted one.

Fort Mac is not the norm though
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  #42  
Old 08-26-2012, 01:21 PM
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Op wanted to know how people can afford new MC's. With the 10's of thousands of households that make 100k plus in a year, a 1400 payment on a 10 year loan for a 100K boat is a walk in the park. Most dual income families here in Fort Mac that I know would be at 300K plus a year. At 40% tax that's still 160K a year or about 14K net a month.

Most people I know affiliated with Oil and Gas in Calgary or Edmonton are over six-figures just for their personal wages. Hell, a buddy of mine sells cars at Dodge dealership and makes over 100K.

Point is plenty of people out there with money...
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  #43  
Old 08-26-2012, 06:21 PM
kalamalka kalamalka is offline
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That is not the norm, the okanagan is significantly less!
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  #44  
Old 08-26-2012, 07:43 PM
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I bought 2 new MC's...one in 08, and traded that in a year later for an 09. I put some cash down, bought at a good deal, and have a payment that is the same as the average vehicle payment. (I don't have a car loan) It was worth it at the time. I still have equity in my boat (which is why it is for sale) and can afford the payment. Some borrow to the max, others do what I did, and some pay cash. Who really cares.

BTW as soon as I get my CR redemption I will pay this biatch off in full....
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  #45  
Old 08-26-2012, 08:10 PM
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Quote:
Originally Posted by kalamalka View Post
That is not the norm, the okanagan is significantly less!
My .2 cents is that most of the people buying the boats and whatnot in the Okanagan are people with "money" from the Vancouver area and Alberta. See quite alot of Alberta plates in the Okanagan region.
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  #46  
Old 08-27-2012, 09:07 AM
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Quote:
Originally Posted by bill-d-c View Post
In 1990 I bought my first and only new boat, a MasterCrsft ProStar 190, for just a hair under $20,000.00. At that time, you could buy a brand new, full size, well equipped truck for about the same money. As we all know, new trucks, MC boats and everything else has gone up. However what I see is MC boats have gone up disproportionately. A top of the line Ford/Dodge/Chevrolet truck (4X4, diesel, leather, crew cab, all options) can be bought for around $55,000.00, give or take a few thousand. A top of the line MC boat is how much?...$125,000.00-$150,000.00. The average working "Joe" has pretty much been pushed out of the new boat market and even the used ones are barely affordable unless they're getting some years on them.
Bill

Your point is a valid one. However, you can still get a new ProStar 190 for the price of a fully loaded diesel truck..... Just not one of the bigger wakeboard boats.
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  #47  
Old 08-27-2012, 10:00 AM
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Quote:
Originally Posted by JulioX2 View Post
My .2 cents is that most of the people buying the boats and whatnot in the Okanagan are people with "money" from the Vancouver area and Alberta. See quite alot of Alberta plates in the Okanagan region.
Without doubt. It's Albertans coming to BC because there are no lakes in Alberta. At least 6/7 high end wake boats I see on Shuswap have AB registration numbers.
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  #48  
Old 08-27-2012, 10:38 AM
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Boats are luxury items, like fancy watches or fancy cars which also cost a lot. The major price shift came with the evolution from ski boats to wake boats. Not much different than the switch from cars to luxury SUVs. They are a rich person's game new. And while most people continue to struggle to make ends meet the rich get richer so the luxury stuff goes up.
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  #49  
Old 08-27-2012, 11:13 AM
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Just to chime in. im glad there is a used market. a few years ago a buddy and i partnered up on an 8 year old X-10. we keep it at a marina. on a 5 year note. we took on one additional friend and were able to keep the cost down to about 250 per guy plus matinance and repairs. some of which we do our selves. now the partner thing has been a little tough in that my original friend got a great job offer in another state, so him and i had to find some one else. the friend lost his job for a few months. how ever the boat is paid off next year and i end up being sole owner. but also look at malibu doing axis, they have realized that there brand is out pricing a huge boat market. but im and MC fan, but i would like to see MC do the same thing. i dont need heated seats and 3 video screens to enjoy a day on the lake.
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  #50  
Old 08-27-2012, 11:23 AM
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I think it also comes down to priorities. This is my 4th boat and second new boat in 8 years. We are very into the lake life and it's a prirotiy for my family and I. We don't drive around in brand new vehicles, in fact I drive an old 04 F-150. but we have a new X-30 and it's paid off. For me a new boat with no payment was much more important then a new vehicle and because we knew it was something we wanted to do, we starting planning/saving well in advance, did well selling our Moomba and was able to get into it debt free.
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