Boat builders that made it through the recession

[Tishimself]

Umm, planning to walk that plank again soon?

LOL....glad I spend so much time at work...always fun to see what mischief and mayhem GRADS is wreaking on poor old Vic on an otherwise quiet Saturday night. Grads, you gonna have him on heart meds you keep this up...LOL....still, I got my....

[Napanutt]

LOL....glad I spend so much time at work...always fun to see what mischief and mayhem GRADS is wreaking on poor old Vic on an otherwise quiet Saturday night. Grads, you gonna have him on heart meds you keep this up...LOL....still, I got my....

Funny thing is I'm not so sure HB doesn't have an announcer thing to let him know when Grads posts.

[Tishimself]

Funny thing is I'm not so sure HB doesn't have an announcer thing to let him know when Grads posts.

No doubt in my mind that GRADS has his own unique ringtone....LOL...

[GRADS]

Back on topic. What builders made it?

[Tishimself]

Back on topic. What builders made it?

Not as many as I would have liked, or hoped. Still, there are several from the other string that I am glad to see gone.

[GRADS]

I really wish would of made it....because the only thing better than a jet boat is a boat with two jets.

[Tishimself]

I really wish would of made it....because the only thing better than a jet boat is a boat with two jets.

One of the ones I am glad to see gone. For sure.

[gn7]

How many were for sale or still are, and how many went looking for financial help and sold off part to remain open?

WAAAAAY more survived this recession, specially by percentage of builders that remained compared to folded, than in the mid and late 70s gas crunch. The was pure death to the boat builders.
Boat builders were not hurt by an economic down turn. They rode a credit wave that allowed people to use their homes like ATM machines, and credit that most people should never have been afforded. The BOOM years BUILT boat companies that other wise would have never been there to start with.
The joy ride came to an end and things went back to somewhat normalcy. Every Tom, Dick and Harry with a is NOT NORMAL!!
If they all had to close their doors, they ALL made a shit load of money while it lasted!

[HB Vic]

How many were for sale or still are, and how many went looking for financial help and sold off part to remain open?

WAAAAAY more survived this recession, specially by percentage of builders that remained compared to folded, than in the mid and late 70s gas crunch. The was pure death to the boat builders.
Boat builders were not hurt by an economic down turn. They rode a credit wave that allowed people to use their homes like ATM machines, and credit that most people should never have been afforded. The BOOM years BUILT boat companies that other wise would have never been there to start with.
The joy ride came to an end and things went back to somewhat normalcy. Every Tom, Dick and Harry with a is NOT NORMAL!!
If they all had to close their doors, they ALL made a shit load of money while it lasted!

The boom years built many, many, disposable income businesses that may have not otherwise started up, I somewhat agree with you there. But I'm not sure why you are singling out boat builders. If you sold disposable income items during that time, would you have told your customers "I'm sorry, I can't sell you a boat, or trailer, or motorhome, or Mercedes, or yacht, or airplane, or 2nd, 3rd, 4th home, because I'm certain this wave will crash and I don't want to be a part of it"? I don't think so. The truth is, no one questioned where the money came from, just like today, it still isn't questioned. Its either there or it isn't. There is greed in every segment of our economy, I don't see any point in singling out boat builders when the greed starts at the very top and trickles down to those who sell bottled water.

Taking the frame of mind that anyone in the disposable income market segment should have said "Nope, I refuse to grow in the booming economy" is unrealistic. Now the smart ones grew smartly, the others just took all that extra cash and got deeper in debt. Again, no difference in todays economy except there are just fewer of those getting rich.

I'm not even going to get in to the housing ATM fiasco. Very few people at the time believed the market would crash. The real problem is we've been trained to think our homes are simply an investment, when they are in fact, our homes. Your home is where you raise your family, not what you cash in on every time it gains a few bucks in value. Nuff said there cause its starting to smell political

[Slacker]

Back on topic. What builders made it?

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