Where did all the rich people come from??
Anyone else notice the influx of rich folks on here? Dave must be advertising in Forbes or the Wall Street Urinal. I remember back in the day when wake boarders were poor common folks. Middle class guys getting by. Back when I bought my first inboard for 22K.
Seems like we can't hardly get threw a boat purchase thread, or 50K truck thread, without a…"I can pay cash for any of them(referring to 100K+ boats)" or "I can just write a check for it", or maybe... "I don't care about the price", possibly.."Price doesn't matter" and my current personal favorite "109K is extremely cheap" Am I the only one who has noticed all the 1% ers among us on WW? Quick question for all you rich guys(and gals). How did you amass your large fortunes? I assume they are huge when you can whip out a 100k for a luxury item. That its just your "walking around" money. I'm not mad at you, not hating, I just want to know so I can get me some of that too!! |
Stock market bro!
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rates this low don't really make that much sense to pay cash anyhow. take that money and make it work somewhere.
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Can't help but to think the same thing. Buy hey, SOMEONE has to take the depreciation hit on the new boats.
Better them than me. |
I'll say, though the job market is crap, people with jobs are making more money than ever. Anyone that has remained employed all the way through the recession makes considerably more now than then, but will probably agree that you do twice as much work as you did in 2007ish. Its like the business has returned, but the work is being done by fewer people.
Also, as Chris said, the stock market killed it in 2013. On another note, about 2009, the entire boat market changed. Financing was out completely and only cash buyers continued to buy boats. The boat market in general has given up on common folks. The cable is for common folks now. |
I bet most of the "I pay cash" people really have a 15 year note on there boats. Not all of them but I would venture to say most of them. IMO anyone with that much money to toss around would invest it in something that makes them more money. I know even if I had that much cash it would be extremely hard to write that check. But I don't so no need in worrying about it!
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I think it could also come down to that, yes, they have the money but like anything we all choose where to spend our money. I'm hoping to upgrade boats this year and will probably spend between $50-60k (CDN) to do so. There is now way in hell I would even consider spending that on a car or truck.
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Folks who are making 250k/yr, which is right around 20k/mo, and only 5k/mo in living expenses bank roll dollars quite quick. That's a residual of 15k/mo, and id be willing to guarantee no truck payment, credit cards paid in full monthly, and most likely no mortgage payment.. So does paying 100k cash for a boat really seem that unattainable? Imo, no. |
It's funny as hell hearing guys say waste the best years of your life saving and when your 45 pay cash! Wtf get outta here finance it pay $200 a month and enjoy yourself now with some hoes! Boats and hoes!
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All you can eat
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Everybody but this so it goes up!
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Not gonna lie, most of my stuff is financed, although there are a few things that are free and clear. Luckily I'm still living well within my means, and should be getting a promotion in the next couple weeks, so that'll help pad the savings account even more. As for what I do, I like to call it "white trash cash"...or oilfield money for those easily offended.
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If vplm gets bought by Microsoft or google I will be rich!!
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Me and my beat down 05 v215 ride out with no payment. Towed by my tired old 05 Chevy half ton without a payment.
My car is paid for, but again I'm just driving a, forbid me, another used vehicle. My dirtbikes are second hand as well. Please forgive my white trash second hand equipment. But I'm payment free! Am I the coolest guy at the launch or on the lake, no. But my truck has 60k miles and gets the job done, and my v215 is a decent boat to tug myself and my scumbag friends who like to spill their cheap beer, and are jobless *******s. Could I make a payment and tow my xstar with a badass king ranch diesel and make a payment until I'm 40, sure. All the hoes will dig it. But for now, I think I'm content and would rather invest that money. And hopefully in 10yrs I'll be that dbag paying 140k cash for a Wakeboat. Haha |
i bought a 50k boat at 26......with a 15yr note........and aint ashamed. Hell i aint gonna be young for ever
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Hell ya!!
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At 26 we were rolling the barefoot nautique full of hoes
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I can't wrap my head around the 15yr note thing.
I have a 99 centurion (that I now need to sell after the purchase of the v215) that on the 15yr note theory would just now be getting paid off if one was to buy in 99. Do not want that. Couldn't imagine paying off a boat that id buy this year, in 2030 when I'm close to 40 years old and the boat is wayy outdated |
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15 years is along time and alot of interest
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But better then sitting on wakewirld
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I took a 15 year note because you can always pay more a month. I like knowing that if I damage something and have to be out a grand or so I can always make the $250 a month with not putting me in a bind. If you trade up every year or even every 2 years it really doesn't matter. Not sure how often you ride but 200 a week in fuel gets steep as well.
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aint no way in could pay a $700-800 a month boat payment ...plus gas...lol ill take my $400 a month and have a heck of a good time |
How many of you have 8yr notes on your trucks?
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Mines paid!
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paid for 07 silverado....nothing special
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And the only credit card debt I carry......is these 808's I'm about to order! Haha
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Merica!!!!!
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Usa..usa..usa
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Lets all sell our boats and pitch in on a g series!
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Most people don't keep boat loans for 15 years. However, the industry is designed around them. Part of that reason is that larger coastal boats are VERY expensive. Next time you go to the boat show, go check out a 34 foot sea ray. It's 3x the cost of a G23.
I took the 12 year loan (and on only ~1/2 of the purchase price) because that's where the best rate is. I'll make double payments and a few lump payments around tax return time and get it paid off in around 5 years. I justify the boat payment by driving a modest 2008 Honda Civic as my every day car. My wife drives the tow vehicle since she works closer to the house. This minimizes fuel costs since i'm 15+ miles from work. Also, for reference, the boat in question is an Axis A20, certainly not anything like a G series. |
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Merica!!!
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I can't see paying 100 G's for a boat. Ill stick with my old Cali, not by anymeans a BADA$$ boat, but it gets me and my family out on the weekends. I tow it with my 2006 Nissan Frontier or the wifes Eco Flex. All my stuff except my house is paid for. Not because we killed it in the stock market but because we live within our means, we arent out to be the ramp heros, we just want to have fun and make memories with the kids. Maybe one day we'll get a new to us boat with one of the surf attachments but someone else will have def taken the hit for the depreciation.
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Mmmm fridaddy!
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To amass money you have to rob Peter to pay Paul.... Declare bankruptcy when this goes tactic goes south and then start over. Obama has seemed to do it ever since he entered a political office!!
While you are doing this you have to make sure that you keep what you generate in cash and hide it in tax free interests. That could be offshore, in another currency system, or best yet in Mason jars buried all around your house!!! |
Im 22 and i did a 12 year note on my boat. Put 2k down. But I pay more than my payment most months. I'm young, want to be able to have fun while I can still get around. But mine will be for sale at the end of this summer to start my own branch of my mothers business financing rent to own eagle buildings. Maybe in a year or two after that I can step into a g23!
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Anyone else think the G series are ugly, but they attain a cool factor because they are expensive?
Kind of reminds me of American Force wheels. Most of them are ugly. But remain cool because they are 8 grand for a set |
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Besides, I wouldn't call it ugly. Best looking boat on the water? No. Best looking wake boat on the water? Probably not. Ugly? No. |
I agree. It does seem like common folk are outnumbered. But this is nothing compared to planetnautique. I think they out to re name that one to g23 forum.
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I bought my 2014 G25 because an acquaintance of mine purchased a G23 and thought of him having a more expensive set up than me really hit me like a football bat. I then one upped him by purchasing a 2014 Range Rover Autobiography LWB the next day to pull it with. My 16 year old son is telling me that the Autobiography (his daily driver) just shut up everyone at his school that has a Jeep.
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While we are talking about frivolous expensive ****, I'm trying to order some xs-808's, but I'm only seeing them on the website in silver.
I need the xs-808-B - b for black to match my xs650-B that I have. Do they not come in black? |
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Some of us were richer before we took up boating...
Just saying... Actually I can be in the boat all day doing anything for less than it costs me to take the family skiing. I'm keeping my paid for boat because I have seen nothing better for me. |
Back in black! Just a question I'm asking myself is everyone that is in to wake boarding white?
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Hella white people!!
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Boardman, being able to afford a 100k boat is not exclusive to 1%ers. Thats hilarious if you think that.
Who cares what other people are able to do with their money? And I like how you are taking my comment so far. I'm not able to pay cash for one of these boats either, but I've been in the boating idustry since my first job at 15 so when I see a brand new almost fully loaded for 20 thousand less than what i usually see it go far, yea i think its a pretty good deal. |
It all comes down to individual priorities. I've seen people waste money and go broke, but I've also seen people die rich with no experiences at all. My wife's grandfather died rich in a crappy nursing home because he was too cheap to pay for a better one. My wife and I aren't rich, but we do pretty well. We didn't travel as much as we should have before we had kids, because we were trying to save for kids, and now regret it. I see having a nice boat as a way to enjoy our money while young and give my kids something to enjoy. As long as the payments don't hamper my ability to do other things I see no issue in doing a 15 year loan. I'd hate to wait till I could buy it with cash and have my kids too old to get into it, and I be too old to go out and enjoy it.
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Yep....time is the most valuable depreciating asset. You can make more money....cant add time. So get what you can and have some fun!!!!!
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@Ridegull…sorry to disappoint but its not just all about you. I hope that doesn't derail you narcissism.
I'm not talking about affording one..I'm talking about all the people "paying cash" for them. But your right your certainly don't have to be a 1%er to finance one. It amazes me still how easy it is to get financing even after the crash. Your comment was just fresh in my mind..just giving you a hard time. There is someone new almost daily talking how they have a 100K burning a hole and they will be slapping it down on a boat a bunch of perfect strangers(WW) pick out for them. Another favorite was my boss told me to go pick out a boat for the shop, what should I buy. He said whatever is fine as long as I like it. I have asked at most of the dealerships locally and the answer is always the same…very few of the boats are bought cash. VERY FEW, as in a handful a year. Considering we are one of the biggest inboard markets in the country, I'd say thats probably a pretty fair representation of the market as a whole. Those few people must all grace us here on WW. |
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All of us are white!!!
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I've never seen a brotha on the water
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Seen them at the ramp but never on the water.......
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where i live now, we actually have a decent amount of people pay in full. its a relative to where you live though. ive noticed a lot of threads like "which boat" or "boss told me to pick a boat" threads look like dealers pushing a product. that or people like the controversy those threads bring. |
I have them tell me I'm a crazy whiteboy for wake and snowboarding. Talkin bout brothas don't do that ****e. Lol I invite them out and tell them I ll put my Bimini up so they won't get sunburned.
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I have a couple that come out with me regularly. However, they drive lifted diesel trucks and are country as turnip greens.
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There's all kinds of them at my local ramp. See them on/in the boats. But always in a white tee, and never in the water. Hahah
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I thought the same thing about MN inboards…I figured with all the cake eaters on Tonka they must sell most for cash. They told me nope..95% are financed. MN inboard is actually the #1 Malibu dealer in the US.
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They don't like to be rad. Lol
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Probably will provide more protection to the speaker from my scabby friends though. Considering they are mounted between the seats and floor in the seating area. |
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Black 808's and rgb rings ordered. Stoked to hear these things
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I've never seen the ones from south of France in a wakeboat but I have seen them out at havasu in those big cigarette boats..
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I have a second set of the mm691 that are brand new. Haven't even taken the boat out with them yet, that I will also most likely replace with the 808s as soon as I figure out what to do with them. Either sell them if I can or put them in my truck maybe? |
"They"lmfao
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Then you have to think of inflation. If you were making 75k in 2007 and 85k now, you are making the same amount of money. Quote:
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There can't be that many rich people buying new boats, there were only 5,500 "sport" boats sold last year.
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I plan on buying a new boat this year and will be stroking a check for it.....right after my bank deposits the money in my account. It makes you wander how many people do that just to make people think they paid cash.
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I guess I'm one of those guys...what I did was leave my 80k/year engineering job for a big company at 26, sold everything i had pushed all my chips in & bought into a tiny company and through years of working my a$$ off and not being smart enough to give up it worked out well. Now it's a big company and I still love doing what im doing. I absolutely did sacrifice some level of fun when I was younger but I'm glad I did now. Everybody is different about stuff & you have to do what makes you happy. I agree not to sacrifice experiences in life though, but do everything in moderation.
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I'm curious as to what people are putting as a down on these 70k+ boats and 60k trucks when they are being financed
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Jmorlan, I'm pretty sure the 808's grills pop off and are paintable if you don't like the salt water series.
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Lets thank all those "rich" people for being here. They keep the economy moving and help the rest of us get paid. I hope we get a crap-ton more of them. It means we all have a better chance of getting into the top 20%.
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I'd be very interested in advice from those that know how to invest. I'm want you'd call financially retarded, make way too much to be this poor. I'm guilty of spend now save later but I've gotten much better at saving but am clueless how to invest, wisely???
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And after all that, gotta have a sweet ass tow rig, so take a 2nd on the house for a badass f250 platinum. Then to finish it all out, you gotta finance in the wheels, tires and lift, cuz you can't be Rollin stock at the launch ramp. |
Then after 3 years when you are losing everything, including the house you took a 2nd on for that badass tow rig, and you're wife is divorcing you, you can start banging some 19year old chick you met while she was underage at the bar, who assumes you have money.
You will be living the American dream! |
I'd like to thank the "spend more to be a baller crowd" as well. When their bubble bursts I can take a benefit of buying their stuff for pennies on the dollar. That's how we easily afforded our house - bank owned due to the previous owner blowing all his cash and not able to pay the note. :)
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i think its also about the location you live. I was originally from PA and to have a really nice home in a top end school district, your taxes are really high. Now living in the south, you get so much more for your money and have the additional free cash to buy the more expensive boat. I use to pay 12k a year in property tax alone. Now i pay 1800 a year. We went from a 1500 sq ft home to 4000. my mortgage is less, etc etc
Also, just because you make 30k a month does not mean you get to keep it. lol its scary how much taxes you pay and how hard you work to get to the 1% ers Then i45% of it to be taken away in taxes. Most of my friends that are making 200k plus are in a sales position or doctors,lawyers, vps (most vp's or management don't make the big bucks) the reps do. There is always jobs available for sales reps willing to be total commission with no salary and no expenses and you too can make 400k plus a yr. |
I think its pretty obvious through the years that some people have something against anyone who has a lot of money: the "cake eaters" on tonka, the 30 something executive working downtown getting his porsche valeted every day at the office.... basically anyone who is outside thier own little bubble.
I think there is a lot of skewed perception when we see people with these high dollar items. I have a few examples I'll share. 1. The president/owner of the company I work for drives one of the loaded up Panamera 4's to work. If I didn't know what I do... I'd probably think... wow, what a rich snob. The reality is, he started a single location business with a small sum of borrowed money and has grown it to a 116 locations across the world. Dude is humble beyond belief. The companies "if your not growing, your dead" 2. When I first started riding I would see this dude on the lake with a brand new white 24ssv, pulling it with a macked out duramax diesel. I had the "i want that" feeling beyond belief. Long story short, I now ride with the dude from time to time. He started a small little graphics company before "wraps" were really a thing and now it went huge and he has big corporate accounts. 3. Similar situation as #2. Met a dude out on the lake through here actually, baller looking boat, I was starry eyed beyond belief. Now.. one of my best friends. One of the most humble dudes I have ever met. Being kinda new the "big city life", I just assumed most of these folks wouldn't have anything in common with a small town dude like myself... Even if they have this gross amount of perceived money, they are just normal people. Apparenlty for some... its too difficult to see beyond that. |
funny thing, most that make big money live way below there means. They have nice things, but if you take there average income and match it to there monthly bills, you will find, its the folks making 50k to 100k a year living way over there means. If you make 20k a month and take home 12k, you can have a
2k mortgaga 500 truck payment 700 boat pament 500 in phone, gas, electric 500, fuel money 1500 a month in spending money and still have 5k plus a month to put away. in a 4 years you have 250000k making money in the bank and the freedom to play. |
So the moral of the story is "Rich people are real people too." Some of them are even down right humble folks too.
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The good thing about a 5 year note, is how fast you build equity when you can swing it.
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Is an A22 really almost 70K now?
Thats a $1031 a month payment!! Are there a lot of people paying payments this high? |
With tricked gel, trailer, almost every option except motor, yea.
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I'm not getting percentage rates anywhere?? I just ran his 57K @3.3% for 60 months threw a payment calculator and it equaled $1031/ month. $1031.83 to be exact.
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Hmmmmmm, I'm at 880
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@Bryce not sure how you are at $880. Thought maybe my softwares calculator was funny so tried 3 online ones and all three where exact. If you go to 6 years/ 72 months its $873.71. I bet that must be where you are at. Numbers really can't vary to much on a simple interest loan. Can change a few bucks either way depending on when the payment is made during the month and length of time till first payment. But not a couple hundred. You must be at 72 months as that works out really close.
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