Housing bubble and boating
 

Anybody out there think the bursting housing bubble will affect the boating industry?

As a Builder, Developer and Realtor - YES!!! :(

I know this is deff a buyers market (housing.) I hope it stays this way for a lil while longer until im ready to buy !

My mother works at a local boat trailer company,sales are way down

Best prices likely until the end of the year. Might start to sloooowly rise after that - at least in Florida. I'm from Ohio and Built and Developed there - very slow market (still trying to sell my home there). Good Luck!

Its only bad for the person who turned "Real Estate Investor" overnight, took out a home equity loan for the down payment on a pre construction condo or house, now cant make both payments. Anyone in the "business" who has a plan will tell you that stuff is still steadily selling. You cant count in sales to people who decided to join the bandwagon in real estate investing, just as the stock market did a few years back, most people who got hurt were the tech people whos valuations were nothing to begin with....ask Warren Buffet of Berkshire Hathoway how the market has been ???

Fuel prices sure will have an affect!

Definate yes, as a Electrical contractor I am seeing a significat drop off & more to come. My local Home Depot is cuuting hours & are on average 300 customers down a day in their electrical dept. Plus with Gas prices this Summer...not good!

My house has been on the market for 5 months and only three couples have looked at it. I have looked around at other houses and people are asking a ton of money for nothing so I am building.

[QUOTE=towhead;2105609]Anybody out there think the bursting housing bubble will affect the boating industry?[/QUOTE

I think the price of fuel will have much more of an effect on the boating industry thatn the housing market will

Its a buyers market out there. If you have the capitol, now is the time to buy a house