Anyone Ever Flip Boats?

[Aviator5]

Re: Anyone Ever Flip Boats?

Once I got the boat for $7000 US, with all taxes, exchange, and little repairs I ended up with $12000 CDN total. Three years later I sold it for $10000 CDN, which at the time of sale with dollars at par was $10000 US. So did I make money or loose?

 

[QC]

Re: Anyone Ever Flip Boats?

We have a member who buys in CA and then resells in Australia. Usually with no work required . . .

 

[DavidW2009]

Re: Anyone Ever Flip Boats?

Aviator5,

Lots of monetary dynamics going on, since neither country uses real money.

Both countries use fiat currency that is manipulated at the whim of the Federal Reserve (which is neither Federal, or has any reserve).

IMO, you lost "money".

 

[allpoints360]

Re: Anyone Ever Flip Boats?

fiat currency

Sounds like a good name for a boat.

LoL

 

[Knightgang]

Re: Anyone Ever Flip Boats?

Once I got the boat for $7000 US, with all taxes, exchange, and little repairs I ended up with $12000 CDN total. Three years later I sold it for $10000 CDN, which at the time of sale with dollars at par was $10000 US. So did I make money or loose?

Depends on where you spent the money...

Spent it in the US, you made money...

Spent it in Canada, you lost money...

You used the boat for three years, probably broke even...

 

[JaSla74]

Re: Anyone Ever Flip Boats?

bifflefan,

I was not being serious. But that might not be apparent.

I know what the thread is about. See my post #14.

Sarcasm rarely comes across in print. My boss never gets it.