The New York Times published an article on April 1 about abandoned
boats.
http://www.nytimes.com/2009/04/01/business/01boats.html?
_r=1&ref=business
Apparently many owners who are "under water", i.e. have boat loans
that are greater than the boat's value, are simply beaching or
sinking their boats and swimming away. Identification marks and names
are filed or sanded off so the boats can't be traced. These are nor
derelicts. Many are surprisingly new or, if older, are still
functional. State authorities that recover the boats scrap them or
auction them off at very low prices. It might be an opportunity for
would be boaters with a few coins jingling in their pocket to pick up
a bargain. The problem is worst in the south east and in the north
west. As the article said, "Boats are luxury items and today few
people can afford the luxury."
Larry Z
typical general media inacurate article... all of the abandonned boats that
i see around here (and there are quite a few) are old derelicts which have
not been insured or registered in years... these are not owners that are
upside down on a loan, or "luxury" items, they are $500 boats bought or
obtained by folks woudl coulnd't even afford to replace a battery...
pascal
miami,fl
----- Original Message -----
From: "Lawrence Zeitlin" lrzeitlin@aol.com
To: trawlers-and-trawlering@lists.samurai.com
Cc: "Lawrence Zeitlin" lrzeitlin@aol.com
Sent: Wednesday, April 01, 2009 3:47 PM
Subject: Re: T&T: Abandoned boats
The New York Times published an article on April 1 about abandoned boats.
http://www.nytimes.com/2009/04/01/business/01boats.html? _r=1&ref=business
Apparently many owners who are "under water", i.e. have boat loans that
are greater than the boat's value, are simply beaching or sinking their
boats and swimming away. Identification marks and names are filed or
sanded off so the boats can't be traced. These are nor derelicts. Many
are surprisingly new or, if older, are still functional. State
authorities that recover the boats scrap them or auction them off at very
low prices. It might be an opportunity for would be boaters with a few
coins jingling in their pocket to pick up a bargain. The problem is worst
in the south east and in the north west. As the article said, "Boats are
luxury items and today few people can afford the luxury."
Larry Z
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You must be cruising in an area of Florida that isn't affected by the
recession! :-{) Just the past two months there has been an accumulation
of at least four abandoned sailboats around the Merritt Island (Florida)
area where I travel almost daily. There are a few others (more
sailboats) that don't seem to have anyone aboard or taking care of them
that may well be abandoned.
<><><><><><><><><><><><>Mozilla Thunderbird<><><><><><><><><><>
Bob McLeran and Judy Young Manatee Cove Marina
MV Sanderling Patrick Air Force Base
DeFever 41 Trawler Melbourne, Florida
On 4/1/2009 6:17 PM, Pascal Gademer wrote:
typical general media inacurate article... all of the abandonned boats
that i see around here (and there are quite a few) are old derelicts
which have not been insured or registered in years... these are not
owners that are upside down on a loan, or "luxury" items, they are
$500 boats bought or obtained by folks woudl coulnd't even afford to
replace a battery...
pascal
miami,fl