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Time To Buy A Boat - Drop In Boat Sails Due To Housing Price Fallout

Many people long to own their own boat and there is something about man and water that has us longing for the sea. Currently, boat prices are down 8% in many places from 2004 prices and Projections say another 3% expected and analysts are talking 7-11% less than 2004 prices or even more. Why have boat prices sunken so low?

It seems that folks cannot take second mortgages as easy due to real estate calamity. Yacht sales companies complain that they have cut prices and staff to adjust to the fewer sales stating some boats are selling at 1998 prices now and expect a further drop. Perhaps if you have the money, it is time to invest in that boat of your dreams now or in the near future.

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Posted on February 6, 2008 Filed Under Travel and Leisure | Leave a Comment

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