Friday, January 27, 2012
LIVE IT UP!
Mark Twain once said “Enjoy life! There is plenty of time to be dead”.
We’ve been around to a few boat shows this past fall and most recently the Toronto International Boat Show. One thing has become clear – good quality boats that are priced right, fly off the shelves in a hurry when the they come onto the market. The US brokers have an almost endless supply of used inventory to work through ... but it is now a situation where the good value is moving. Very different than a few years ago. The Canadian brokers oddly enough are moving good value boats quickly in Canada and to the USA. Go figure, that even with our dollar at par there is still lots of boats crossing the border both ways.
So why is this happening with Europe in turmoil and the risk of recession creeping back into the USA. Well I think two reasons. The the economic side indications are that despite bad fiscal policy in Europe, that the US economy is experiencing resilience and the markets are showing the way out. And there are other positive economic indicators as well – not to mention regulation and fiscal policy seem to be coming to order and settling down to business in the USA.
But I think the main reason that boats are moving in North America is this – folks are tired of waiting for the next shoe to drop and they want to get back to enjoying life. Austerity isn’t on the menu in North America and for many they have waited long enough on the sidelines for the right window in time to fulfill their hunger for the yacht of their dreams. It’s human nature and it’s the American way. Boomers with disposable capital are aging and time flies by quickly. The last four years have been tough and now it’s time for the reward before it’s too late. Just like Mark Twain said “There is plenty of time to be dead”. It seems now is the time to live a little.