On 5 Jan 2008, at 14:26, Adrian Stott wrote:
> As in any market, with boating there will be a point of diminishing
> returns, i.e. where increasing charges further will actually cause a
> reduction in total revenue.
>
> However, I doubt that BW's latest increases have taken us past that
> point, or even near to it.
>
> But I guess we won't know until we see the next couple of BW Annual
> Reports.
>
I think this is one of the crucial points of divergence of view between
yourself and many of us.
I agree we won't know until it happens, but the nature of a bubble is
that the pundits are taken by surprise when it bursts, isn't it?
My own feeling is that this market is right on its peak now, and the
next few years will see a wave of bankruptcies of small boat builders
(and even some big ones at the bottom of the market - why pay for a
Polish built sort of OK boat when you can have a second hand big name
one for the same price?), together with a flood of second hand boats
for sale.
But, as you say, we shall see.
––
Bruce Napier
www.nbsanity.net
nbsanity.blogspot.com
07884 003581
Living In Sanity (it's a no-mad existence)
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