Join Date: Oct 2008
Location: South Coast Ontario
Thanked 91 Times in 81 Posts
Rep Power: 8
It's like every other consumer product- we always want bigger, better, more. Look at cars today- everyone wonders where the small economical car went, like the original Honda Civic. Yet, nobody today would buy a car with no air conditioning, no power windows, no power door locks, no bluetooth, rolling on 12 inch wheels and 60 hp...
like the original Honda Civic.
A generation ago campgrounds were filled with tent trailers, and a family with a fifth wheel trailer was a rarity. Today if your ArrrrVeee doesn't fold out, pop up, slide out and transform into a 2500 sq ft raised ranch, nobody wants it.
The growth of financing has played it's part as well- remember back when you could only crank a car loan out to 48 months? Now with 84 month financing, you can buy twice as much car as you can really afford, and it will last almost as long as the payments. Same thing with boats- if you can run the amortization out to 240 months, then the difference in MONTHLY cost (because that is all people look at, is what fits the monthly budget. Yeah, I know, you're saying, you're different. No, you're not.) between a new 27' boat and a new 36' boat is not that big, so might as well buy the bigger boat, right?
It's 5 o'clock somewhere:
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