Bruce Napier wrote:
> 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?
>
I think it is happening right now; just ask the boat owners you
know well enough to touch on financial matters and if they are
like a lot of my friends, they are already considering other
options. We have had several declare as such on this forum.
> 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?),
I've just heard that the company that was promoting Polish boats
in the UK has gone under.
--
Will Chapman
Save Our Waterways
www.SaveOurWaterways.org.uk
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