Posts: 32934
Location: Rhinelander, Wisconsin | A very significant number of new boat sales went to new property owners in the resort and tourist areas across the US. There are approximately 9 million new anglers out there since this started. This includes the 40 to 50 something and his family who back in the 80's used to go to the lake and fish, they re-entered the sport and bougt a 300 HP powered pontoon or a wakeboard boat too. I think a lot of them will remain working from home in the 'cabin' or have already sold the city home and moved, as companies have figured out it works well. I am not so sure there will be a glut of used boats out there any time soon, as demand for new is projecting out further and further for the supply to catch up and the used market is dried up. Housing is in short supply in the tourist areas, rentals are hard to find, and the lumber debacle won't let that get fixed soon. Home prices are shooting up (good old supply and demand) and we may sell our second home soon as a result. Can't sell our first home, as buying or building another with the increased prices will be very difficult and eat up the equity. |
