subject: Facts About Boating You Probably Didn't Know: The Economy, Mr Obama And Diy Plans [print this page] The sport of boating has become the warning signal of an economic downturn. When boat sales begin to sink, take care elsewhere, is the general pointer.
An explanation for this is that people only buy boats after they have taken care of more "critical" life expenditures. No surplus of cash in your wallet, no boat in your garage!
President Obama recently remarked that: "...You don't go buying a boat when you can barely pay your mortgage". Boating, actually is a healthy family activity for families, especially during a recession, if they can afford it. Healthy because it gets you out-of-doors. It is good for the family because it is something everyone can take part in. If you value these, then you will not consider yourself to be spending money on frivolities.
Another little-known fact about boating is that it is a manufacturing-based industry that sends a lot of its product outside the borders of the U.S. Over one hundred billion dollars is sent into the national economy due to boat manufacturing. Overseas buyers, due to the weak dollar, see a 'Made in America' boat as a superior purchase.
Most of the people who own boats actually have annual incomes less than what you would think. The boats that they own, for the most part, are not that big.
Over the past several years it has been hard to get a loan to purchase a boat, and because of that many boat builders actually went out of business. You would not believe how cheap boats are selling these days, since boat builders are desperate to get their product sold.
DIY boats are becoming more and more popular, as consumers are choosing to build their own boats. Many boat enthusiasts are choosing to build their own boat because it is a much cheaper alternative to buying a boat. There are lots of great guides online that will walk you through the process. DIY boat building may be a fun summer time recreation for you and the family.
by: Zach Angelo
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