While fears over the economy and a troubled housing market have contributed to sluggish boat sales, the Los Angeles Times reports that some boat buyers think now is great time to dive in and get the boat of their dreams.
According to story, these boat buyers are affluent, have their own businesses, and have cash saved to weather turbulent economic times. With slow boat sales bringing prices down, these buyers are tempted by bargains that offer more boat for less money.
What kind of boats do they buy? One word…big!
Buyers seem to want luxury and room, with 60 foot yachts or larger as popular choices, offering features ranging from granite counters to hot tubs.
Source: Los Angeles Times