Very sad to here that another business is in trouble. I support my local marine shop every chance I get. The INTERNET may be cheaper (sometimes) but it does not give advice or service like your local shop. Wake up people and support local businesses not faceless websites.
To the thousands of members who were wondering what motor I re powered
MO JO with, wonder no more HP E-Tec from Ballina Marineland luv it and luv them.
Originally Posted by OPTI
Where did you hear that, I know Currumbin Marine site which they are on is up for auction but i believe the business is find. Remember one must be careful of what they hear unless it has been confirmed by the company. Just ask TCM lol
I agree 100%...
But some scabs are always about themselves for a lousy few hundred bucks.....
Buying of the Internet from over sea's will do Aussie's out of a job.... Support you local before it disappears
Boate 72 is correct i went of a hear say and did not have the facts and i had egg on my face when gary from springwood come on and pointed out that they were fine etc. So if you are claming that the 2 dealers are gone back it up or shut up. These are tuff times and peoples jobs are being lost etc and chat on this site does not help if it is all negitve.
i know the car yards are finding it very tough atm. most had there floor plan with GE finance. GE want there money by christmas eve, which means they need to find new finaciers or go down too.
maybe some boat yards have there floor plan with GE too. maybe thats why all the rumours are floating? dunno, only a thought.
cheers
lippa
I don't think we necessarily will see a colapse but I can think of a few reasons it will receed house prices that could have a similar effects just not on as large a scale.Why will Aus experience a property collapse? Australia is a totally differant market to the US.For starters we dont have over 600 000 empty houses ,in fact if anything we have a housing shortage!
It is very very simplistic to compare Australia's domestic driven economy to that of the states and in fact according to many economists ,if the average australian just got on with life and stopped listening to the doom sayers much of the hardship could be avoided! I personally have just had the 2 busiest months of the last 3 years thing aren't that bad really! I do how ever believe that the service industrys will take a bit of a hit in the comming years and i do feel for any that have brought a mowing, cleaning, dog washing franshize as they will be hurting!
Below are my thoughts on why we will see house prices receed.
1. Pretty much through the whole Howard Government era Ausralians have become use to credit for eveything. They all have to have that plasma, that new car, that what ever now! So what do they do? Get finance instead of saving for it. This is what drives inflation up and increases credit card debt.
2. With this economic boom that is ending now people didn't throw as much of those extra dollars into thier house loans as with most people the lifestyle went with the budget a the time. This is driving ever bigger record debt for houses.
3. Throughout the boom realestate agents helped drive house prices up and we the public ate it up hoping that the increase would continue. Some made a sh!te load of cash off (as investments) it, but the result was a huge ratio increase in property value versus rental income. (traditionaly ratio was .001% of house value as a rule) So a 400k house roughly rented for 400 a week. Not so now + House prices IMHO are 20-30% over priced. (try telling that to a realestate agent)
4. Australian banks whilst far more regulated than the US and don't have subprime problems. The credit crunch means they can't get the cheap money they were getting before. Hence why they recently have been screwing over thier customers and looking after the sharholders by holding back rate cuts.
At the end of the day if Australians all tightened thier belts and smashed everything they could into their homeloans and limmited credit card debt we would be fine. The government uses interest rates to keep control of inflation and sooner or later if the public keeps the spending spree going they have to keep the rates going up to stop it. That means less people can afford to own a home at the inflated house and interest rate prices and start getting out = lower house prices and people go back to living with mum and dad while the storms are here.
Just my thoughts.
P.S. Sad to hear another boat dealer gone
Cheers
Chris
Democracy: Simply a system that allows the 51% to steal from the other 49%.
GMAC & GE.
Some Suzuki motor cycle dealers are in the same boat (for want of a better description) need to resecure finance for floor plan. Makes it hard when no one want to lend money. leigh
"
"GMAC, the finance arm of US car giant General Motors, provided finance to Holden, Subaru and Suzuki dealers. It is believed about 400 dealers will be affected by GMAC’s decision to cease retail and wholesale vehicle finance. "
http://www.smh.com.au/news/national/...351544010.html
Last edited by lee8sec; 15-11-2008 at 07:57 AM. Reason: more info
good overviewI don't think we necessarily will see a colapse but I can think of a few reasons it will receed house prices that could have a similar effects just not on as large a scale.
Below are my thoughts on why we will see house prices receed.
1. Pretty much through the whole Howard Government era Ausralians have become use to credit for eveything. They all have to have that plasma, that new car, that what ever now! So what do they do? Get finance instead of saving for it. This is what drives inflation up and increases credit card debt.
2. With this economic boom that is ending now people didn't throw as much of those extra dollars into thier house loans as with most people the lifestyle went with the budget a the time. This is driving ever bigger record debt for houses.
3. Throughout the boom realestate agents helped drive house prices up and we the public ate it up hoping that the increase would continue. Some made a sh!te load of cash off (as investments) it, but the result was a huge ratio increase in property value versus rental income. (traditionaly ratio was .001% of house value as a rule) So a 400k house roughly rented for 400 a week. Not so now + House prices IMHO are 20-30% over priced. (try telling that to a realestate agent)
4. Australian banks whilst far more regulated than the US and don't have subprime problems. The credit crunch means they can't get the cheap money they were getting before. Hence why they recently have been screwing over thier customers and looking after the sharholders by holding back rate cuts.
At the end of the day if Australians all tightened thier belts and smashed everything they could into their homeloans and limmited credit card debt we would be fine. The government uses interest rates to keep control of inflation and sooner or later if the public keeps the spending spree going they have to keep the rates going up to stop it. That means less people can afford to own a home at the inflated house and interest rate prices and start getting out = lower house prices and people go back to living with mum and dad while the storms are here.
Just my thoughts.
P.S. Sad to hear another boat dealer gone
Cheers
Chris
Maybe that few hundred bucks is not so lousy to a lot of people.
Fair point pinhead but basicly i think jabba is saying if you are getting good service and they are local support them i think sometimes people get bad service in the marine game because half the time the dealer has not mad a fair profit.
So that's their excuse...??
There is no excuse for "bad service".
How do you know so much about marine dealers anyway TCM..?
Iam happy to say that i'am good freinds with the boys at stones not that it is any of your business and i can tell you there work very hard for little return
a few hundred lousy?
i kinda lucky myself, i'm in a good postition, but i have some great friends that work hard, and havent made silly finacial decions. $20 is a massive amount of money to them.
if somthing you can be sourced from OS, or a website for a less, why not buy it?
the bloke down the marine shop/ bottle shop/ auto parts store/ whatever, isnt my friend, he doesnt come to my house for a bbq, i dont go to his. why should you be forced to pay considerably extra to support his business?
i know this may sound rough, but the bottom line is your own dollar is the most important.
how many people here have payed retail price for a new car?
you would dead set have to be a wood duck to do it.
you shop every dealer to the point there is bugger all margin left in the car, and why shouldn't you as the purchaser, strive for the best price possible?
service is an industry, you pay for it. dont expect the back up, buying the same product cheaper. but its the gamble alot of people will take, its human nature.
no one wants to see any business go down. some deserve it, some are a product of the enviroment there in. its unfortunate, but a fact of life.
lippa
I thought you were mates with Kratzman or was it Crew Marine or the Cunningham guys..or once it was Marine Tune...damn hard to keep up with your best mates.
If you are working hard for very little return then I would suggest getting out of the industry..any industry if that is happening.
I assure you I am not cashed up with loads off money, I have not even been able to buy the new 406 epirb... A hundred buck is a lot off money for me, raising 2 kids, single income (The wife starts a new job next year, after 6 years off being a house wife.... Yippee), mortgage, and car loan, every dollar counts . Yet I will not buy a product out of the USA just to save some money, whether it be $100 or $1000... That is taking a knife to the neck off our boating and leisure industry
If you want to stop the boating shops from disappearing, start supporting them buy spending your money with them.....
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