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Jay
Board Administrator
Username: Jay
Post Number: 5312
Registered: 05-2003
Rating: N/A
Votes: 0 (Vote!) | | Posted on Saturday, July 24, 2010 - 12:08 pm: | 
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Kyle and I went to the auction today with about 20 other people. Butch Emmert started the Auction stating the last sale price 6 years ago was $485,000.
Emmert was asking for $500K to start and nothing happened. Finally a local guy bid $100k. Another bid was made for $150k and that is where it stopped. The Sale was contingent on Tom's approval and the auctioneer said he was pretty sure that the final Bid would be rejected. We didn't hang around to find out but I reckon we will be buying Bait from Tom for another year.
Whew this economy is rough....
Jay Little, Board Administrator
admin@saltfish.net
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Jameytree
Intermediate member
Username: Jameytree
Post Number: 307
Registered: 09-2005
Rating: N/A
Votes: 0 (Vote!) | | Posted on Saturday, July 24, 2010 - 12:34 pm: |
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Ouch!
I hope he didn't clear too much inventory with the 50 percent off sale! |
Throwback
Member
Username: Throwback
Post Number: 232
Registered: 07-2004
Rating: N/A
Votes: 0 (Vote!) | | Posted on Saturday, July 24, 2010 - 04:33 pm: |
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No disrespect but if the sale price from 6 yrs ago didn't sell, why would they start higher in this economy? |
Partfish
New member
Username: Partfish
Post Number: 50
Registered: 12-2009
Rating: N/A
Votes: 0 (Vote!) | | Posted on Saturday, July 24, 2010 - 08:42 pm: |
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They have to start somewere and why not at the last offer. WOW what morons we have out there. |
Throwback
Member
Username: Throwback
Post Number: 233
Registered: 07-2004
Rating: N/A
Votes: 0 (Vote!) | | Posted on Saturday, July 24, 2010 - 10:12 pm: |
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Partfish wrote on Saturday July 24 2010 - 08:42 pm:They have to start somewere and why not at the last offer. WOW what morons we have out there.
First of all you don't know me well enough to call me a moron..And second, if he was offered 485 thou. i think he would've sold 6 yrs ago. From what i read that was the selling price not what he was offered. |
Albemarle305
Senior member
Username: Albemarle305
Post Number: 2591
Registered: 08-2005
Get a Reel job, go Sportfishing
Rating: N/A
Votes: 0 (Vote!) | | Posted on Saturday, July 24, 2010 - 10:18 pm: |
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I am with throwback on this one... Its not that properties prices are high now, its just a few years ago they were outrageous and now they are close to being normal.... come on now.. The only ones that disagree are the ones that bought during the wrong time!!! and don't get me wrong, I do feel sorry for them. |
Jay
Board Administrator
Username: Jay
Post Number: 5313
Registered: 05-2003
Rating: N/A
Votes: 0 (Vote!) | | Posted on Saturday, July 24, 2010 - 11:04 pm: |
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Whoa fellas!!
No need for name calling as my words were misunderstood.
Let me rephrase....
"The last sale price from six years ago..."
$485,000 was the price that the property was sold for from the previous owner to the current owner who has now put the land up on the auction block.
The auctioneer was just giving the last "documented" value of the property or the cost of ownership of the parcel in 2004.
I guess what was clear in my head just didn't come across as I wrote. I'll try to be more diligent.
Jay
Jay Little, Board Administrator
admin@saltfish.net
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Hatterwayne
Senior member
Username: Hatterwayne
Post Number: 678
Registered: 03-2004
Rating: N/A
Votes: 0 (Vote!) | | Posted on Saturday, July 24, 2010 - 11:20 pm: |
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Yes Jay, please do try to be more diligent instead of just a Moron(e) Saxatilis!
HAR!!
:-)
"Humans are the hardest people to get along with."
Dr. Phil Snow - Lurefest 3-27-10
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Joedmagio
Senior member
Username: Joedmagio
Post Number: 528
Registered: 06-2006
You can't catch them from your couch!!
Rating: N/A
Votes: 0 (Vote!) | | Posted on Sunday, July 25, 2010 - 10:15 am: |
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I must talk Moron because I did understand what you wrote in your first post Jay..... |
Justhavnfun
Senior member
Username: Justhavnfun
Post Number: 617
Registered: 08-2006
A wise man seeks wise counsel
Rating: N/A
Votes: 0 (Vote!) | | Posted on Sunday, July 25, 2010 - 11:48 am: |
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I hate to see a guy put his heart and sole in a business with no return... shame
Hopefully he will try it again next year with much better results |
Waltthehatman
Advanced member
Username: Waltthehatman
Post Number: 493
Registered: 03-2004
Gotcha!!!
Rating: N/A
Votes: 0 (Vote!) | | Posted on Sunday, July 25, 2010 - 12:24 pm: |
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Gotta sell one hellava lot of tackle & bait to pay that back ,even with interest rates where they are!! |
Seacraft72
Senior member
Username: Seacraft72
Post Number: 682
Registered: 11-2006
Rating: N/A
Votes: 0 (Vote!) | | Posted on Sunday, July 25, 2010 - 03:58 pm: |
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Since he bought the business, Tom and his wife have built it up. He added a website, sells crabs, trailer / boat repair and fish cleaning. He has also promoted the area, especially for Black drum season, his flounder tournament and shark fishing in the bay. I believe the business has greater earning potential now.
I looked at the business at that time, since I had been recently downsized, but decided against it based on how many trailers were in the ramp parking lot on the weekends. There seem to be a lot more now.
George, the previous owner, had been there during the weakfish boom years but things gradually tapered off in the 1990's. On the positive side, Tog and Stripers have extended his season to the end of Nov where things used to be pretty well shut down by the end of Sept.
Best wishes to Tom and a job well done! |
Trapper1
New member
Username: Trapper1
Post Number: 80
Registered: 10-2007
Rating: N/A
Votes: 0 (Vote!) | | Posted on Sunday, July 25, 2010 - 08:48 pm: |
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Tom and his wife are doing a swell job with their bait shop. Let all of us continue to support their efforts. Theirs is a friendly place to shop and conveniently located. If the fish get more plentiful more people will be launching their boats there. |
Walters_ark
Senior member
Username: Walters_ark
Post Number: 610
Registered: 03-2004
That's all I have to say/post!
Rating: N/A
Votes: 0 (Vote!) | | Posted on Monday, July 26, 2010 - 10:00 pm: |
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Maybe in another 5 to 6 years, or my guess for when the Sea Trout population will once again support a viable fishery. It took that long for the Stripers to come back. Sooooooo maybe? And as long as there are no more oil/chemical/environmental disasters. JMHO. |
