TARIFFS torpedoed the used sailboat market, DISASTER HAS STRUCK

Summary

In this engaging discussion, we delve into the unforeseen impact of tariffs on the used sailboat market. With import tariffs hitting as high as 54% on boats from Europe, China, and Taiwan, aspiring sailboat buyers are left stunned as prices skyrocket. The video provides a humorous yet insightful analysis of the current situation, emphasizing the hurdles caused by tariffs and offering advice on navigating this turbulent market. From exploring better purchase locations to understanding the role of technology in sailing, the video guides viewers on making savvy decisions despite market chaos.

Highlights

• You've saved up for a sailboat only to find tariffs driving prices sky high. So unfair! 😤
• Tariffs are hitting up to 54% on boats from certain countries, shocking many potential buyers. Ouch! 💥
• Buying ex-charter boats, especially in the Caribbean, can still be a smart move. Think ahead! 🌊
• Fancy new boat features debunk the appeal of outdated models—tech wins every time! 🤖
• Consider waiting out these tariffs instead of rushing into a bad financial decision. Patience is key! 🕒

Key Takeaways

• Tariffs have drastically affected the used sailboat market, making boats significantly more expensive. 🛥️
• Import taxes can reach up to 54% on boats from Europe, China, and Taiwan, shocking potential buyers. 💸
• Buying ex-charter boats in the Caribbean offers better value compared to private sales in the U.S. or Europe. 🌴
• Technological advancements continually improve new boats, debunking the myth that older boats are superior. 🚀
• Patience is crucial; waiting out the tariff situation may be the best strategy for aspiring buyers. 🕰️

Overview

In this captivating talk, we dive into the stormy waters of the sailboat market, destabilized by sudden tariffs. These tariffs—ranging up to a whopping 54%—have shaken potential buyers who once dreamed of sailing the high seas without breaking the bank. With a humorous take, the video highlights just how these government-imposed taxes have disrupted the market, leaving aspiring sailors in financial limbo.

Sailing aficionados are advised to explore better purchasing options, like ex-charter boats in the Caribbean, which offer better value compared to pricier private sales in the U.S. or Europe. The discussion further dismantles the notion that older sailboats are inherently better. Instead, it champions the constant evolution of technology, which continues to enhance modern sailing vessels.

The key message? Patience. For those feeling the pinch of these prohibitive tariffs, postponing purchases could be the best course of action. By waiting out the current economic storm, buyers stand a better chance of acquiring their dream sailboat without succumbing to inflated costs. Until then, it's suggested to consider alternative sailing experiences or investments, while closely monitoring the market's development.

Chapters

• 00:00 - 00:30: Introduction to Buying a Used Sailboat The chapter titled 'Introduction to Buying a Used Sailboat' delves into the emotional and financial preparation involved in purchasing a used sailboat. It humorously begins by discussing the sacrifices made, such as skipping expensive lattes, and emphasizes the excitement and eagerness of potential buyers who have indulged in endless hours of sailing videos on YouTube. The narrative highlights the ambition of the buyer not to settle for any boat, but to seek a unique, tastefully selected sailboat driven by a desire for adventure and wanderlust.
• 00:30 - 01:30: Tariffs Impact on Sailboat Prices In this chapter titled 'Tariffs Impact on Sailboat Prices', the narrative humorously addresses the economic implications of tariffs on sailboat prices. It begins with the notion of having enough disposable income to contemplate buying a sailboat. However, potential buyers are confronted with skyrocketing prices, driven by government-imposed tariffs. The text implies a sense of frustration as these tariffs unexpectedly elevate the cost of sailboats, damping the enthusiasm of would-be buyers poised to make a purchase.
• 01:30 - 03:00: Understanding the New Tariffs The chapter titled 'Understanding the New Tariffs' opens with a vivid metaphor comparing the sudden imposition of tariffs on the used sailboat market to a rogue wave hitting a tight anchorage. The narrator evokes a sense of urgency and dramatic impact of these tariffs, indicating potential devastation. Amidst the chaos, there's a rhetorical question about choosing between taking a bold step or ending in regret, invoking a quote about madness and genius. There's an exploration of what these new tariffs mean, setting the stage for a deeper dive into their implications.
• 03:00 - 06:30: Comparing Sailboat Prices and Deals This chapter discusses the impact of import taxes on boats coming from Europe, China, and Taiwan. It explains that the United States imposed these tariffs during trade conflicts with these regions to assert economic dominance. As a result, this has affected the pricing and deals available for sailboats originated from these countries.
• 06:30 - 10:30: Technology and the Sailboat Market The chapter discusses the impact of technology on the sailboat market, highlighting significant price increases in some countries, reportedly up to 54%. This surge in costs applies to both new and used sailboats, making them notably expensive, sometimes even more than luxury cars. The author uses the example of a sailboat bought for 100K now costing 154K to illustrate the drastic price inflation affecting the market.
• 10:30 - 14:30: Market Strategy and Alternatives This chapter discusses various market strategies and alternatives. The narrator starts by mentioning import tariffs and their impact on market prices, leading to high costs. Sailboats have become popular as a primary mode of transport, equated as a market trend driven by economic necessity rather than preference. The sailing lifestyle is portrayed as somewhat exclusive, with new boats being categorized as luxury items, accessible mainly to wealthy individuals or influencers who partner with manufacturers.
• 14:30 - 17:00: Consulting and Support Services The chapter discusses the distinction between genuine consulting and support services versus superficial attempts to gain corporate sponsorships. It emphasizes the authenticity of their approach as compared to the image-driven motives of hedge fund operatives or sailing vloggers seeking sponsored yachts. The focus is on real, down-to-earth efforts in navigating life, devoid of corporate ego-stroking.

TARIFFS torpedoed the used sailboat market, DISASTER HAS STRUCK Transcription

• 00:00 - 00:30 So, you finally saved up some cash. Skip some of those dumb lattes you're always grabbing for 10 bucks a pop. Like, it's happy hour at the Mexican restaurant. They're giving away free tequila. You've watched hours of sailing YouTube for quote unquote research. And now you're ready to buy. Life is good. Or so you thought. But you weren't just going to buy any boat. You were going to buy a mother in sailboat because you got taste. You've got that wander lust.
• 00:30 - 01:00 You've got just enough disposable income to start making poor decisions. But instead of sailing into the sunset, you're here scrolling boat listings, watching prices skyrocket, wondering if the universe is punking you. Spoiler alert, it is. And it's using tariffs. So, just when you were about to click the contact seller, bam, tariffs. Not the fun pirate kind of tariffs. No, these are governmentissued, wallet
• 01:00 - 01:30 throttling, dream sinking tariffs, and they've just hit the used sailboat market like a rogue wave in a tight anchorage. Buckle up, ladies and gents. We're about to get decimated. So, do you want to take a leap of faith or become an old man filled with regret, waiting to die alone? Have I gone mad? Have I gone mad? All the best people are. So, what even are these mother tariffs?
• 01:30 - 02:00 Well, in short, Uncle Sam decided to slap big old import taxes, aka tariffs, on boats built in Europe, China, as well as Taiwan. Basically the short version, Uncle Sam got into a slap fight with some other countries, mainly China, EU, and again Taiwan. So to show who's boss, they put import taxes on boats from those
• 02:00 - 02:30 countries. Like a lot, in some cases, 54%. So imagine buying a used sailboat for 100K. Now it's 154K. That is insane. and used boats. Oh yes, ladies and gents, this 100% counts used boats. That's right. Your quote unquote bluewater classic dumpster that you just bought over uh in the Azors and thought you were going to bring it over to the United States. Yeah, buddy. Now it costs more than your new Ferrari all of a
• 02:30 - 03:00 sudden cuz these big bad import tariffs. You got 25.87. Not for long. I make bad financial decisions. Now use sailboats. They're pretty much the only game in town these days and everyone is playing. New boats are now luxury yachts for those head fun bros. Expensive as a mofo and we can't afford them. If you happen to be a YouTube vlogger who stroked the right egos of enough manufacturers, you may have been able to get yourself a fancy,
• 03:00 - 03:30 dancy new yacht sponsored to you only so then you could turn around, mess it all up, and have to have that company buy back that yacht cuz you don't know what the you're doing. That's not us, ladies and gents. We're not fancy dancy hedge fund bros. And we're not dingleberry uh YouTube wannabe sailing vloggers uh trying to stroke the ego of corporate world to get us a sponsored boat. We are mere mortals out here trying to play this game of life and we're just getting
• 03:30 - 04:00 worked at the moment. Sometimes the used boat market can be absolute chaos. Boats that normally would sit for eight months or two years got offers during CO like it was going out of style before the boat even got listed. People were running to the gate just to give them an overpriced offer. Ladies and gents, that is not the case today, especially with these
• 04:00 - 04:30 tariffs. Now, generally speaking, buying a boat in the Caribbean is by far the best place to buy your boat. vessels down here are far less expensive. Let me show you an example right now. So, here we are, ladies and gents. We're over on the Moorings brokerage website. Boom. Right here, right out of the gate. 2017 Oceanas 41. $119,000. Love this boat. Just sailed this boat couple thousand miles on a delivery just a month or so ago. I
• 04:30 - 05:00 filmed it all. It's on my channel. Go check it out. But here we go. Your classic sailboat. Three cabin, two head, dual helm, foldable swim platform. Fantastic. Let's go through some pictures here. Next year. Boom. There we go. Fantastic. I would get rid of this center table here. Lay it flat. Make that a bed. Long story short, wonderful boat in my humble opinion. Now, let's go over to Yacht World. Let's take a look at the cheapest Oceanana 41 that is
• 05:00 - 05:30 privately owned. And here we are. We're over on Yacht World. Fantastic. So now I'm looking Oceanana's 41 price low to high, right? So here's the 2017 Rodney Bay St. Lucia $119. Here's a 2014 privately owned one in South Carolina for $214,000. That's a $100,000 difference. No matter what this boat has right here, this one, no matter what this boat has, you can take that 100 grand and you can put it right into
• 05:30 - 06:00 our moorings boat and make this moorings boat a million times better than this privatelyowned boat right here. Right? Make sense? Follow along. The best deals in the US sailboat market are always excharters. Anybody that tells you different is incorrect. I'm correct. They're wrong. Easy cheesy lemon breezy. If you haven't learned by now that X Charter is the best deals, you should go watch some more of my videos. So, Ocean has 41 2017 119K. Let's try to find a
• 06:00 - 06:30 2017 so we can compare apples to apples. Uh, cruising bruising. Uh, let's see here. Nothing. Oh, here's a 2016 Carolina 250K. So, 100 What's that? $131,000 difference in price. No matter what this boat has, doesn't matter. You can buy it all brand new with the X Charter, upgrade it all brand new and still come out ahead over this one. Now, there's a YouTuber right now that this
• 06:30 - 07:00 kind of feeds directly into the tariffs. Let me pull this up for you. So, here we are. We're over on YouTube. We got Ryan and Sophie sailing. Let's click on this. Here we are. Ryan and Sophie sailing. Go to their videos. Kablammo right here. Ocean 40 for sale. Click on this. Don't actually want to watch their video. All that we're looking for here is this right here. Now, their boat is currently for sale. Let's click this. Now, here we are. Here's their boat. Ocean 40. I
• 07:00 - 07:30 believe theirs is uh 2008 or something. Um I believe it's a Let's find out. 2007 Oceanis 40 for 155 grand. Now, this is EU registered, right? The VAT is paid, but you can't bring this vessel to the United States currently with these tariffs. That would make this boat closer to $200,000. Even at $155,000, it wouldn't be worth it to buy this vessel because, as I just showed
• 07:30 - 08:00 you, you could just pop right to moorings. You could grab a 2017 Ocean 41. It's a larger vessel. It's far newer. You could upgrade this boat to everything that Polar Seal has and come out way ahead of the game because of these not only because of these import tariffs, but they're asking too much money for this boat. Uh especially with it not even being flagged in the United States. Um you're going to have a heck of a time with everything. But there's not a lot going on here in my opinion as
• 08:00 - 08:30 far as upgrades. Basically, the biggest thing would be like uh some solar and uh some lithium batteries. Fantastic. Um, again, not trying to dog their boat, but if you just start breaking things down when it comes to buying a used sailboat, mathing it out, the math doesn't work on things like this. Um, this boat would not be any better than this charter boat right here, this Oceanis 41. Cuz again, you just buy this one, boom, upgrade it. You could probably get this boat for 110 grand, leaves you 45,000 for upgrades.
• 08:30 - 09:00 Bingo. Easy cheesy lemon breezy. And you get a boat that's a decade newer. Problem solved, right? Pretty easy when we're boat shopping. But as you can see, these tariffs, they're affecting even people like Ryan and Sophie, unfortunately. So, sad day. I don't think their boat's going to sell anytime soon. Um, they should have imported this boat before to the United States. They would have only paid 1.5% import tax. You'd be free and clear right now, ladies and gents. But, uh, people like to put things off in the world of boating, and it normally backfires. Now,
• 09:00 - 09:30 here's something I want you guys to really consider, and I want you to think about this long and hard. Technology is undefeated. Throughout the entire history of civilization, technology is undefeated. Period. That is an absolute fact. The more technology we get, the more improved things get and we go to newer, bigger, and better. It just is what it is. And the same is true in the
• 09:30 - 10:00 world of sailboats. You're always going to hear these ridiculous comments like, "Ooh, an older boat's better, blah, blah." No, it's not. If they were better, they would still be making them. Now, you're going to hear some YouTubers make some absurd claims like, "They do dual rudders cuz they're less expensive." I mean, my brain literally wants to explode based on the stupidity that I hear on a daily basis from some of these YouTube sailors. It's absolutely insane. Technology is 100%
• 10:00 - 10:30 undefeated throughout history. The more we advance our technology, the better the boats get. It's just an absolute fact. That's why nobody's running around crossing the ocean on wooden masted vessels carrying all of our cargo. Why? Because technology improved the way that we transport cargo across oceans. Period. Technology is undefeated. get off of this buying 20 and 30 year old boat thing. It is absolute nonsense.
• 10:30 - 11:00 So again, buying down here in the Caribbean normally by far the best way to go, but not now. Not with these tariffs hammering us. We can't import them to United States now. It used to be a 1.5% import tax. And by used to be, I mean three in weeks ago, ladies and gents. Now it's upwards of 30, 40, 50%. You can call up any sailboat yacht insurance broker on the planet. He will absolutely tell you they are getting
• 11:00 - 11:30 100% crushed right now with boat deals falling through. I've had three deliveries in the last 4 days get postponed now due to these darn tariffs. Ladies and gents, if I were you and you're thinking about buying yourself a new to you fancy dancy used sailboat to get on the water sooner than later in the most cost effective manner possible, just skip it. wait until probably I'm my guess is right around November is when uh you know things might might kind of
• 11:30 - 12:00 level off. We're gonna have to see what's happening with these tariffs. So at this stage, what do we have to do? Well, we can pretty much forget Florida, it's out. Florida, man, later Gator can't buy a boat there right now. Uh prices are through the roof up there and this import thing is only gonna increase them further. California, same thing. Out like a trout, no can do. me amigo. What we're going to have to look for possibly, and this is going to get delusional, about 2 weeks, maybe a guy in Nebraska who didn't realize he can
• 12:00 - 12:30 sail on corn has one sitting in the barn. But ladies and gents, we are burned. Even the areas where boats were in low demand in the United States, they are going to skyrocket in their pricing. It's time. If you're in a hurry and you don't have patience, number one, that's the biggest mistake to make when you're buying a new sailboat. But might have to start looking for more of the uh the ugly ducklings here. Uh but better yet, I would say just wait this out. Um if
• 12:30 - 13:00 you unfortunately just bought a boat in the last month, hadn't closed on it yet, you might as well start looking at plan B, ladies and gents, because uh you can call up your finance guy, your paperwork guy. You ain't closing on that boat cuz you ain't going to pay the 50 grand or 100 grand extra with these import taxes. That $25,000 boat you thought you were going to buy, real cost, it's going to be about 35 grand. Uh, you know, once you just fix some things up, add to that the import tax. Holy shenanigans. How about a $25,000 dumpster for 100k? No
• 13:00 - 13:30 can do me, amigo. We're not trying to sell you delusions here on Chasing Latitudes. We're selling you reality. And I'm telling you to wait. Do not, under any circumstances, pay any of these large tariffs on these used sailboats, wait out this storm. There's a good old saying in the world of sailing, any port in a storm, ladies and gents. Any port in a storm. That's what we're doing. Our port, our house, cuz we're going to wait this one out. We cannot be buying these with these crazy
• 13:30 - 14:00 tariffs. Sit back, relax, spend the summer. You planned on going sailing on your new boat, you were going to buy one, kick back, go to a charter, something like that. Uh, don't be buying don't be buying no sailboat out there, ladies and gents. If you do like the videos, one of the way that I keep pumping out these jams for you is through Patreon. It's only a couple of bucks a month. Get access to my members area. Come over, chitchat with me in real time. It really, really helps me continue to push out these videos. Unlike all the other YouTube channel,
• 14:00 - 14:30 sailor, whatevers out there, I don't take sponsors. I don't want sponsors. I don't take them. I don't want to have a dog in the fight helping you succeed at your future sailing plans. So, I'm not trying to push products on to you like counseling, green drinks, Japanese knives, BS, then selling a boat and moving to the jungle. That ain't me, ladies and gents. So, patron really, really helps me continue to crank out these videos. Consider subscribing. And if you really do want to get on the water, what you need to do, run on my
• 14:30 - 15:00 website, chasing latitudes.com. Looks just like this right here at the top left. Consulting. Click that. Scroll down. I have consulting for a specific reason so you can save money and time and get on the water sooner than later in the most coste effective manner possible. Now, there's a few different options you can go through here. Number one, got the adventure package 1,400 bucks. This is the one. I'll help you full 24/7 support buying your sailboat wherever it is as well as you get to
• 15:00 - 15:30 come on a delivery with me. We're going to go sail thousands of miles, hundreds of miles, whatever. Get you out there on the seven seas, taking night watches, provisioning on different islands, checking in and out of different countries, where to anchor, mooring balls, wind, all that good stuff right here. The adventure package. This is the one that gets you on trips with me. Now, if you're not interested on going on a trip, cool. I have the end toend boat buying and ownership support. This we're going to help find your vessel, go
• 15:30 - 16:00 through the survey, see trial, settle that up, negotiate prices, all those good things 24/7. You can reach me in real time with any of these packages. Now, maybe you've already found your boat. Maybe you just got some questions. You can get yourself a three-time consult package right here. Cool. Get invited on my members area. Again, reach me 24/7 in real time, ladies and gents, and we'll have several conversations if you need some help deciding on the boat for you. But you've already narrowed some things down. If you're going to pick this package, then if you just want
• 16:00 - 16:30 to have a chitchat one time, come over to the members area, 49 bucks. We'll have a consult. Maybe just got some general questions, some ideas. Maybe it's me, you, the wife, who knows? We're all chit cchatting, having a good time. But the best thing you can do for your sailing future is go over to my website, sign up for consulting. I will save you the cost of the consulting in one phone call. I 100% am positive on that. I guarantee it. If I don't save you the cost of this consulting in one phone call, I'll
• 16:30 - 17:00 refund your money. I'm not 100% sure on it because I know what I'm doing because I've done this my whole life. Sailing is my entire life. I don't even have friends that don't sail because we don't have enough in common for us to be friends. 24 hours a day, 7 days a week, my entire life is taken up by sailing. It's that simple. It's what I do for a living. Not a vlogger. Not running around selling you VPNs telling you how nice it is to watch my damn favorite show in a different country. You silly goose. If I'm on a boat, I'm not
• 17:00 - 17:30 watching Netflix, you dip So, get yourself some consulting. Let's get you on the water. Come over to the members area and I'll see you hopefully soon.