Using Dennis' example, I must have been the atypical owner following Katrina. Proceeds from my over insured '71 C&C 27 were used to upgrade to a '71 C&C 30. Diesel, wheel, and solid deck core were a definite upgrade which I could not have afforded otherwise.
Katrina damage to the fleet in the harbor where I moored was extensive. The infrastructure of the harbor also took a hit which has not been touched as of today. The harbor is owned by the City of New Orleans, we are "yacht" owners. You can figure where we stand on the priority list. We make do with crumbling piers, no water and no electricity. There are currently about 160 useable slips out of a 600 slip marina. My guess is that 100-125 boats, almost entirely sailboats, are new to the marina since Katrina. People spent money and effort to bring them here. To this day, I am amazed how few are ever used or for that matter even looked at by their owners. This includes storm preparations during Hurricane Isaac in August. I am further amazed by a part of the harbor I will call a graveyard. Upwards of a dozen sail boats with little or no storm damage were abandoned by their owners after Katrina. Pearson 26 & 30, Columbia 29, Ranger 33, Pearson Ariel, They have sunk or are being allowed to sink. All boats which could serve to satisfy someone's sailing urges on a little budget. Boats which could have been seized by the city and sold, proceeds to go to the harbor rebuilding. As to the other part of this thread, sometimes in life a blind squirrel finds the acorn. I bought a 1981 C&C 34 in November from an estate. The boat had been on the market for over 1 year which I guess you could call a soft market.. Through the broker, I convinced the widow that she had more reasons to sell than I needed another boat. The important parts, hull, deck, keel joint surveyed well. I have become more pleased with the purchase with each passing day. Four Raymarine instruments 1 year old, Autohelm works, upgraded to a Yanmar 3GM 30 with only 270 hours on it, and numerous other items that an owner likely would have taken to his next boat. My major expenses have been a head rebuild kit, ground fault interrupter sockets, and buying more rub rail footage from South Shore than I will ever use to repair storm damage. I will have to replace the two propane tanks, add a propane solenoid switch, and replace the air conditioning water pump. The latter two items will be spring time projects. My sons will have to buy their own sails if they want to race. Ed C&C 30 Dream Girl (for sale) C&C 34 (To Be Renamed) New Orleans, La. From: "Dennis C." <capt...@yahoo.com> To: "cnc-list@cnc-list.com" <cnc-list@cnc-list.com>, Date: 01/17/2013 12:56 PM Subject: Re: Stus-List 1979 LF 38 on eBay Sent by: "CnC-List" <cnc-list-boun...@cnc-list.com> Seller's market? Perhaps. After Katrina I didn't see a strong market. Many owners took the insurance money and ran or bought smaller boats. Typical example: 41 footer destroyed; replaced with J22. Maybe Ed Levert can share more insight from the New Orleans side of the lake. Dennis C. Touche' 35-1 #83 Mandeville, LA Sent from my iPhone On Jan 17, 2013, at 6:29 PM, "djhaug...@juno.com" <djhaug...@juno.com> wrote: You Know, I just read an article that talked about the boat market over this next year. It said that the market would favor sellers in that, Hurricane sandy destroyed so many boats, the market would be flooded with buyers. Couple that with the boat companies cutting production over the last several years and the used boat market would be set to heat up and raise prices on used boats. It may not be the best time to be in the market. However, if you were thinking of selling, it might be a good time to move ahead with that. This spring should prove to be interesting. Danny ---------- Original Message ---------- From: "Frank" <n...@comcast.net> To: <cnc-list@cnc-list.com> Subject: Re: Stus-List 1979 LF 38 on eBay Date: Thu, 17 Jan 2013 10:22:31 -0800 I agree with Joe. My 1979 LF38 was headed for the dumpster when I rescued it. Good price but every system in the boat, and some that weren't, needed repair/fixed/replaced. Since I am pretty fair with glass good at diesel engines, and a past electronics technician, I figured I could fix everything on the boat and be ahead in the end. After spending as much money on stuff to fix the boat as I spent buying the boat to date (10 years) I still have several (expensive) things to do to it. In fact, I am finding that I am now refurbishing parts of the boat that I repaired 10 years ago. I probably have averaged 30 hours a month working on the boat over the past 10 years. Yes, I am retired. I was told that I was making a mistake buying a boat that needed this much work but of course, I knew better than all of them. Frank Noragon C&C LF38 S/N: 001 Rose City Yacht Club Portland, OR Sent: Thursday, January 17, 2013 6:56 AM To: cnc-list@cnc-list.com Subject: Re: Stus-List 1979 LF 38 on eBay IMHO a LF38 is the wrong boat for a budget refurb operation. The hull is cored along with the deck, the rigging is rod, and the engine is a V-drive unit. A new engine, rod rigging, and sails are going to be very expensive. If the boat has really been let go, you might have hull issues to deal with too. In today?s market a really nice one would likely be a better deal than a FREE boat that needed sails, rigging, engine, and interior. The one I looked at last year in Annapolis for $45K had a fuel leak, deck leaks, a moldy cabin, and the cabin windows had leaked to the point water in the core of the cabin side had frozen over the winter and split the fiberglass. This boat was advertised as a ?great boat? too! WTF! I figured it was 50-80K away from being a great boat, so free might have been a better price to start off with. Also found the broker had never been on the boat. Joe Della Barba Coquina. From: CnC-List [mailto:cnc-list-boun...@cnc-list.com] On Behalf Of jtsails Sent: Thursday, January 17, 2013 7:25 AM To: cnc-list@cnc-list.com Subject: Re: Stus-List 1979 LF 38 on eBay I had much the same experience and result as Danny when I bought my boat last year. I looked at quite a few LF38's but don't think this was on of them. Every one of them that I looked at had enough problems that I didn't even consider making any offers. The boat that I did eventually buy was very barebones but in incredibly good shape. I'm slowly adding/replacing gear to get it equipped the way I want it to be. James Delaney 1976 38 mk11 Oriental, NC ----- Original Message ----- From: djhaug...@juno.com To: cnc-list@cnc-list.com Sent: Thursday, January 17, 2013 6:29 AM Subject: Re: Stus-List 1979 LF 38 on eBay All I know, is that when I was boat shopping. Everyine said great things about their boats and most of them turned out to be junk. Especially when trying to buy on a budget. Stay away if you can't feasably visit the boat. The only boat I had surveyed, I bought. ...and it still needed everything, including a new engine. I got it on the cheap but ended up investing up to, and maybe beyond, market value. Just now I know how old everything is and it was all new. It took me nearly 2 years to find a boat. However, I had a boat so wasn't desperate to find one and was very cautious. Good hunting, Danny T-Mobile. America?s First Nationwide 4G Network ----- Reply message ----- From: "Neil Ramsey" <ndram...@gmail.com> To: <cnc-list@cnc-list.com> Subject: Stus-List 1979 LF 38 on eBay Date: Thu, Jan 17, 2013 2:03 am I'm trying to buy a LF38 at a budget price. This ad makes lots of claims but no real photos and no contact info. Makes it hard when your on the left coast. Neil Ramsey LF38 wannabe On Wed, Jan 16, 2013 at 8:54 PM, Rich Knowles <r...@sailpower.ca> wrote: The arse is out of her! Kinda devalues the entire breed. Rich Knowles Indigo. LF38 Halifax On 2013-01-17, at 0:42, "Dennis C." <capt...@yahoo.com> wrote: eBay item 251215004259 start bid $18,500 with a reserve. < http://cgi..ebay.com/ebaymotors/1979-C-C-Landfall38-/251215004259?pt=Sailboats&hash=item3a7d94c263#ht_500wt_975 > There's a 29 and a 33 out there also. Dennis C. Touche' 35-1 #83 Mandeville. 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