While looking at that 93 on Ebay I noticed an 01 LXI for a "buy it now" of
$325,000. This coach has been for sale for over 2 years. I looked at it last
spring and the owner was asking the same price. It was and still is on Randy's
site for $310,000. It is listed on every brokers site and can be found all over
the net. A very nice coach but had absolutley no electronics: No satellite and
not even a DVD player. When I looked at the coach I was ready to make an offer
but the owner did not want to drop his price. I figured that in May of 08 it was
worth perhaps $250,000. If I was correct it's value today would be less than
$225,000. Why do sellers hang on to units for that length of time? I know I was
the only serious buyer. Anything that is for sale is only worth what buyers
will pay . Moral of the story is that after 2 years plus this seller should
realize that his unit is overpriced in today's marketplace. I bet it will still
be for sale next spring!!!
Bruce
1988FC35
Bruce,
Look at it this way: The seller is being a real nice guy by storing it
for the next owner. Give him a few more years and somebody will get a
clean, hardly used coach for $150k.
When I was into the DeLorean community, there were always a few people
who would give you all kinds of BS about driving your car and
"destroying it's value." They preferred to keep their cars in a
garage, driven maybe a couple of times a year. I told them I
appreciated their outlook on life because eventually the day would
come when my DeLorean would be ragged and used up, and it was really
nice of them to go to all that effort to preserve theirs for me to buy
when that time came. ;-)
-Ryan
'86 PT-40 8V92
On Sun, Apr 19, 2009 at 6:57 PM, birdshill123 wrote:
>
> While looking at that 93 on Ebay I noticed an 01 LXI for a "buy it now" of
> $325,000. This coach has been for sale for over 2 years. I looked at it last
> spring and the owner was asking the same price. It was and still is on
> Randy's site for $310,000. It is listed on every brokers site and can be
> found all over the net. A very nice coach but had absolutley no electronics:
> No satellite and not even a DVD player. When I looked at the coach I was
> ready to make an offer but the owner did not want to drop his price. I
> figured that in May of 08 it was worth perhaps $250,000. If I was correct
> it's value today would be less than $225,000. Why do sellers hang on to
> units for that length of time? I know I was the only serious buyer. Anything
> that is for sale is only worth what buyers will pay . Moral of the story is
> that after 2 years plus this seller should realize that his unit is
> overpriced in today's marketplace. I bet it will still be for sale next
> spring!!!
>
> Bruce
> 1988FC35
Ryan:
Similar story: Back in the 70's there was a company in Canada that made clear
plastic seat covers. They bought registration info from the DMV ( before privacy
laws) and sent you an offer for custom covers. They came with a so called
lifetime waranty. I had 2 pickups with these covers and one of my friends used
to say: Sure is nice of you to preserve those seats for the next owner!
Bruce
1988 FC35
I agree-seems to many sellers are waiting too long before they realize that the
market will not bring what they are asking. I suppose some do not have to sell
but they seem to be on the market a long long time before they move.
Ed Allison
1985 PT 40-clipped wings
lookin for anothern
--- In
WanderlodgeForum@yahoogroups.com, "birdshill123"
wrote:
>
> While looking at that 93 on Ebay I noticed an 01 LXI for a "buy it now" of
$325,000. This coach has been for sale for over 2 years. I looked at it last
spring and the owner was asking the same price. It was and still is on Randy's
site for $310,000. It is listed on every brokers site and can be found all over
the net. A very nice coach but had absolutley no electronics: No satellite and
not even a DVD player. When I looked at the coach I was ready to make an offer
but the owner did not want to drop his price. I figured that in May of 08 it was
worth perhaps $250,000. If I was correct it's value today would be less than
$225,000. Why do sellers hang on to units for that length of time? I know I was
the only serious buyer. Anything that is for sale is only worth what buyers
will pay . Moral of the story is that after 2 years plus this seller should
realize that his unit is overpriced in today's marketplace. I bet it will still
be for sale next spring!!!
>
>
> Bruce
>
> 1988FC35
>
If the seller you are talking about just stores that coach and not uses it, all kinds of things will either leak or won't work. I know, since when we bought our PT and let the FC sit for a year.
Ernie Ekberg
83PT40
Wanderlodge
Weatherford, Tx
--- On Sun, 4/19/09, Ryan Wright wrote:
From: Ryan Wright
Subject: Re: [WanderlodgeForum] BB's that have been for sale for a long time
To: WanderlodgeForum@yahoogroups.com
Date: Sunday, April 19, 2009, 9:31 PM
Bruce,
Look at it this way: The seller is being a real nice guy by storing it
for the next owner. Give him a few more years and somebody will get a
clean, hardly used coach for $150k.
When I was into the DeLorean community, there were always a few people
who would give you all kinds of BS about driving your car and
"destroying it's value." They preferred to keep their cars in a
garage, driven maybe a couple of times a year. I told them I
appreciated their outlook on life because eventually the day would
come when my DeLorean would be ragged and used up, and it was really
nice of them to go to all that effort to preserve theirs for me to buy
when that time came. ;-)
-Ryan
'86 PT-40 8V92
On Sun, Apr 19, 2009 at 6:57 PM, birdshill123 <"birdshill123%40yahoo.com"> wrote:
>
> While looking at that 93 on Ebay I
noticed an 01 LXI for a "buy it now" of
> $325,000. This coach has been for sale for over 2 years. I looked at it last
> spring and the owner was asking the same price. It was and still is on
> Randy's site for $310,000. It is listed on every brokers site and can be
> found all over the net. A very nice coach but had absolutley no electronics:
> No satellite and not even a DVD player. When I looked at the coach I was
> ready to make an offer but the owner did not want to drop his price. I
> figured that in May of 08 it was worth perhaps $250,000. If I was correct
> it's value today would be less than $225,000. Why do sellers hang on to
> units for that length of time? I know I was the only serious buyer. Anything
> that is for sale is only worth what buyers will pay . Moral of the story is
> that after 2 years plus this seller should realize that his unit is
> overpriced in today's
marketplace. I bet it will still be for sale next
> spring!!!
>
> Bruce
> 1988FC35
|
Bruce,
As you noticed, there are long-term birds for sale, usually at an excessive price. When I was shopping for my coach, I ran into several in that category -- and, one, even with some price reductions, it was on the market for more than 2 years after I had purchased a coach (that was newer and priced $50k less...)
A market price is reached when a willing buyer makes a deal with a willing seller. If the seller has unreasonable expectations for a higher price, then the coach will sit for a long, long time. Since RVs depreciate, then the seller, even with price reductions, may be chasing a sinking market.Of course, with the current situation, prices haveplummeted, and many sellers may not be prepared to lower their asking price to a level required to make a deal.
So, what to make of it? I suspect that these overpriced 'birds (and other RVs) on the market aren't being offered by _serious_ sellers. They may have mixed feelings about selling their coach, so they set a too-high price and they then have it both ways. Also, people tend to allow their emotions to be too wrapped up in previous decisions, even though it should be obvious that circumstances have changed. (My mom held on to a stock long after it should have been sold -- she said, "it'll come back" -- well, she had years of sub-standard returns when she should have dumped the stock and invested elsewhere. An emotional/psychological decision, not a financial decision.)
Pete Masterson
'95 Blue Bird Wanderlodge WBDA 42
El Sobrante CA
"aeonix1@mac.com"
On Apr 19, 2009, at 6:57 PM, birdshill123 wrote:
While looking at that 93 on Ebay I noticed an 01 LXI for a "buy it now" of $325,000. This coach has been for sale for over 2 years. I looked at it last spring and the owner was asking the same price. It was and still is on Randy's site for $310,000. It is listed on every brokers site and can be found all over the net. A very nice coach but had absolutley no electronics: No satellite and not even a DVD player. When I looked at the coach I was ready to make an offer but the owner did not want to drop his price. I figured that in May of 08 it was worth perhaps $250,000. If I was correct it's value today would be less than $225,000. Why do sellers hang on to units for that length of time? I know I was the only serious buyer. Anything that is for sale is only worth what buyers will pay . Moral of the story is that after 2 years plus this seller should realize that his unit is overpriced in today's marketplace. I bet it will still be for sale next spring!!!
Go take a look at Vintage Birds. There are 15 Birds that have been
there since 2007 or before. Of those 15, 2 are from 2006 and another
is from 2005. That's 15 of 41!!
I've been watching Birds and what their prices for about 2-3 years
now waiting for my finances to line up (i.e. sell some land). I'm
very on top of the market in that regard. I check BirdConnection.com,
VintageBirds.com, BuyByeBluebird.com, RVT.com, RVTraderonline.com,
eBay.com, and a couple others weekly (sometimes more often than
that). There's a core population on each that never changes (more
than 50% of what's listed). eBay is the only place that doesn't have
it (which you'd expect by its nature). It kind of cracks me up to be
honest. I see a lot of them come and go - usually at better prices.
And, these folks never change the price and will never sell them. The
2 that really crack me up are the 1990 with the butt-ugly paint job
for $130K and the 90 SP36 for $142K (both on RVTraderonline.com as
well as other places). As if.....
Jonathan Leifheit
Gonnabee some day
At 06:24 AM 4/20/2009, you wrote:
>While looking at that 93 on Ebay I noticed an 01 LXI for a "buy it
>now" of $325,000. This coach has been for sale for over 2 years. I
>looked at it last spring and the owner was asking the same price. It
>was and still is on Randy's site for $310,000. It is listed on every
>brokers site and can be found all over the net. A very nice coach
>but had absolutley no electronics: No satellite and not even a DVD
>player. When I looked at the coach I was ready to make an offer but
>the owner did not want to drop his price. I figured that in May of
>08 it was worth perhaps $250,000. If I was correct it's value today
>would be less than $225,000. Why do sellers hang on to units for
>that length of time? I know I was the only serious buyer. Anything
>that is for sale is only worth what buyers will pay . Moral of the
>story is that after 2 years plus this seller should realize that his
>unit is overpriced in today's marketplace. I bet it will still be
>for sale next spring!!!
>
>
>Bruce
>
>1988FC35