Boat builders that made it through the recession

GRADS · 02-15-2014, 11:49 PM

Back on topic. What builders made it?

**Tishimself** · 02-16-2014, 12:20 AM

Originally Posted by GRADS

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 · 02-16-2014, 12:33 AM

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

**Tishimself** · 02-16-2014, 01:11 AM

Originally Posted by GRADS

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** · 02-16-2014, 01:22 AM

Originally Posted by Tishimself

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

That company didn't die, it was still born.

GRADS · 02-16-2014, 01:38 AM

Originally Posted by gn7

That company didn't die, it was still born.

Those poor tadpoles didn't stand a chance. Sorry

**gn7** · 02-16-2014, 12:39 AM

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** · 02-17-2014, 04:11 PM

Originally Posted by 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!

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

**Paul65K** · 02-17-2014, 04:57 PM

Originally Posted by Hotboat

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

This is the part that I completely agree with......we sometimes forget that all that $$$ came from somewhere....and that somewhere was not a bunch of hicks that didn't know better. It was from a very savvy investment community that like the rest of the folks thought that it was a good bet to loan that $$ because the returns were very good. Many of those loans were at 6-7% interest so they too were taken in with the opportunity and ignored the risk....because candidly up until that time said risk was very, very, very low......good synopsis HotBoat

**2manymustangs** · 02-17-2014, 05:54 PM

Yall forgot to list one of the badest MOFOs on the water... DCUCCI...

And yes, they did survive...

I'm not going to TOUCH the SUBPRIME B, C, D, E, F, G, H, I, J, K, L, M, N, O, P, G, R, S, T and so on PAPER loan BOONDOGGLE discussion. OR the G.S.E. Freddie/Fannie FHA/VA/RHS GUBMENT backed trash paper that was rubber stamped by xxxxxxxm Jefferson Cxxxxxxx and PUSHED by the D.B.C. and then later they cried "you tood advantage of UNsuspecting buyers...

AND I'm not going to raise the question of WHERE all the PMI premiums went......

I'm not gonna do it... Nope...