Boating in a Recession

Recreational boating has been tipped as theetc. Overseas buyers, due to the weak dollar, see
measure by which a looming recession can bea 'Made in America' boat as a superior purchase.
predicted. When boat sales begin to sink, takeA good proportion of boat owners comes from
care elsewhere, is the general pointer.the group of people who have annual incomes of
One reason behind this is that recreational boatingless than $999,999. The boats they own are
is seen to be something people do with theirsmall, less than 25' in length.
disposable income. No disposable income, noFinancing a boat, especially in 2009, was
buying a boat.extremely difficult and many manufacturers went
President Obama recently remarked that: "...Youout of business, their stock being bought up at
don't go buying a boat when you can barely paylow prices by their competitors. Visitors to the
your mortgage". The remark was taken up byrecent Boating Shows have found bargains which
the NMMA (National Marine Manufacturersthey were not expecting, some of which would
Association) who pointed out that boating ishave been the stock in question which was sold
actually a healthy family entertainment. Healthyon at now profitable prices.
because it gets you out of doors. Family becauseOne overlooked area regarding boating is that
there is something for everyone and new skills toeven a recession can provide an opportunity for
be learnt. If you value these, then you will notan intrepid DIY boat builder, or even small boat
consider yourself to be spending money onowner, who finds much to enjoy out of doors.
frivolities.Find out where wild waterfowl can be spotted in
The boat-building industry is also one of the fewyour local area and offer to act as a guide with
manufacturing-based businesses, which exports, inyour boat to where they may be seen. There is
the USA. It contributes over one hundred billiona website - wetlands dot com which is one place
dollars to the economy, a fair proportion of whichto start.
the government receives as revenue from taxes