I was at the show and agree with the comments above. However, I can't see how its going to last. Its one thing to buy a boat at $500k with zero % interest rates. When rates go to 7% or higher, it is an entirely different calculation.

It will be interesting to watch. On one hand, the cost to build has gone up drastically, driving prices higher. On the other, I think we are about to see demand destruction, as way fewer buyers will be able to afford the payments..

Current prices are also taking a lot of cash buyers that don't want to finance toys out of the market.

Our Federal Gov injected so many $Trillions into the system that it my take years for the Fed to drain away the excess wealth that it created out of thin air.

Sure I wish I was part of that excess wealth they gave out that allows you to buy a $500K toy. :angry-smiley-038:

Wildman,

WhAaAaT? You mean that $1400 didn't put you over enough to buy a new Fountain?

Thanks. Brad.
(937)545-8991

Yeah, I'm kinda wishing that myself.

There were literally $Trillions in stimulus thrown at Covid. Just - and I mean just - PPP alone gave away nearly $1 Trillion. I know a guy who's business was going gangbusters during Covid and his company still got $1.9 Million in PPP relief loans, all forgiven = free money in his pocket. Another friend nearly $500k. All forgiven. That on top of the roaring Fed-induced Bull market in stocks because of the Fed's near-zero interest rates.

Here's a list of PPP grants. The awards start out at $10 Million and go down from there. The PPP program was SUPPOSED to just help just small business. The list is 177,880 pages long. Not 177,880 awards - 177,880 PAGES OF AWARDS. Covid 19 created the biggest money giveaway in the history of mankind thanks to our government.
Search Latest PPP Loan List (ppp-loan.info)

Try as they might the Fed still cannot get unemployment to tick up. Too many peeps flush with Gov cash who have no need or desire to work.

Absolutely! I know a local company that got $8 million! The business was up 30% and was far from struggling! I can name off several other local ones that had great years also that still got decent chunks well over $100k.

Subsequent rounds of PPP required a demonstrated drop in revenue. The first round did not require this, they simply based the loan value on the number of employees. Forgiveness was granted if payroll records proved that the amount awarded was equal to or less than the amount spent on payroll during a 3-month period, if I recall correctly.

The bigger issue with the PPP program was there wasn't any verification! I saw an article here in Chicago about the number of people that applied with fraudulent applications for being self employed! they got like $25k each to start if not more! A lot of them are not even registered business'!
There was a neighborhood here that i forget the exact numbers but lets say they have a population of around 3000....that neighborhood got like 2200 PPP loans in just that area alone! It was a ridiculous number that should have been setting off red flags everywhere! I found the excerpt in another article:

A review of Economic Injury Disaster Loan applications from March to November 2020 by the Office of the Inspector General for the Small Business Administration found that a lack of adequate screening “led to 75,180 loans of over $3.1 billion, and 117,135 emergency grants over $550 million, being disbursed to potentially ineligible recipients.”
Federal officials themselves have noted that “self-certification” was a major risk factor for fraud.



SELF CERTIFICATION?!?!? Seriously! how many times has someone gone to the bank for a loan and basically told them "yeah im good for it" and got the money? :lolhit: