Could be worth a look through this at some stage. Might be something in there for someone.
https://www.msn.com/en-nz/news/other/50-financial-tips-that-will-do-wonders-for-your-wallet/ss-AA119nT4?ocid=msedgdhp&pc=U531&cvid=1008ea5ec36e08a0c74ffb4732df13cf#image=8
51. Encourage your friends to buy expensive holes in the water instead of you.
What happened to the Riveira - give us the guts 8)
Quote from: Crackity on Aug 28, 2022, 09:45 PM51. Encourage your friends to buy expensive holes in the water instead of you.
What happened to the Riveira - give us the guts 8)
The port engine was well down on revs and there was some serious issue with that engine and / or driveline that the vendor would not allow me to investigate further.
Sounds like you avoided a lemon / cash hole. Boats and baches - more than happy for friends to buy them...!
That article with "50 ways" - reminds of the click bait title: "10 things you did not know about electric fences....number 4 will shock you".
Quote from: Ferg on Aug 29, 2022, 08:00 PMSounds like you avoided a lemon / cash hole. Boats and baches - more than happy for friends to buy them...!
At least baches are an appreciating asset, or at least they were until recently. Quite a few for sale where we have ours.
Quote from: Mousehold on Sep 01, 2022, 03:16 PMAt least baches are an appreciating asset, or at least they were until recently. Quite a few for sale where we have ours.
In tough times when interest rates rise, for any family with a mortgage the value of continuing to own a family bach that's effectively keeping the family in debt comes into serious question. The trouble is with so many people seeing their mortgage costs rise so dramatically I would think there will be a lot of families asking whether its better if they sell the bach and extinguish their mortgage. I would think its likely there will be a significant imbalance between sellers and buyers in the foreseeable future as we move from an era of free money to one where reality bites quite hard.