Everyone gets caught up in the price of a NEW boat. I can remember when we thought the world was coming to an end when the price hit 50K. Remember when Goode came out with the first slalom ski that sold for $1000.00? We are now at $2,500. Ski gloves can cost $100! Somehow, someway boating enthusiasts seem to have no problem dropping 350k to 500k for wake boats. When I was at the Ford dealership having my truck serviced the going price for a loaded F250 diesel is 94k and there was a 5K bump on top of that. Back in the day there were skiers that couldn’t afford a brand new boat no different than now. The buyers that have to have the first year model change or can afford to buy a new boat every year or two are the ones that create the domino effect on the used boat market to make it feasible for others. Trying to put everything in perspective, rent is ridiculous and who would have ever thought that when buying a house you would bid up from the asking price not down.
I think a big reason for the lack of sales for three event boats stems from private lakes where one ski boat may be shared by 20 or 30 homeowners. Also ski clubs and ski schools where you pay a membership, way cheaper than owning a boat! Also what one of the other posters stated, try permitting a course or jump on a public lake. If you do happen to get a permit upkeep on the course is ridiculous.
Also, on public lakes you deal with jet skis and wave runners. Good luck trying to get a set in! Kind of crazy but I would like to see a graph of when the jet skis became popular and the downturn of skiing.