Mind numbing, someones making sense, and, considering hes a man who would actually know, Id say this statement is important...A friend of mine, who has been looking for a boat for some time, pointed out that he thought the price of decent fixer upper boats would keep falling and only an idiot would buy a boat at the moment.
Me, Im not so sure.
Bubbles confronted with reality always burst sooner or later. Its just a fact of life.
Where boats are concerned it is only a matter of time before folks are going to wake up and realize it is bad economics to sell a boat for less than the price of the lead in its keel...
On a side note, one of the fastest growing criminal activities in the US of A is the theft of raw materials from buildings and infrastructure... Copper wire/pipe, aluminum, steel, and lead being the most sought after.
Just something to keep in mind...
Listening to Blues Traveler
So it goes...
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