Crazy Woman Boat Driver
Join Date: Apr 2004
Location: New Bern NC
Thanked 17 Times in 14 Posts
Rep Power: 12
Re: Hunter declares Chpt 11 BK
With the dissemination on the middle class over the last 30 years, there will be no one to buy products of a by-gone era. As one company after another denigrates because we can no longer afford the luxury of pastimes and barely keep the family feed and/or a roof over our heads because politicians and wall street greed, corruption and mismanagement by the CEO's/board of directors, the standard of living as we know it is fading into the sunset.
The boating market has been soft with prices falling on used boats like falling stars from the heavens. Power boaters no longer able to afford the expense of afternoon on the bodies of water with family and friends. We can only dream now by watching "Reality TV" or better yet dream scape during our solitude inside oneself.
The Hunter bankruptcy and others to follow is not like the the 80's during the "Luxury Tax". People back than still had good jobs and money was available. Today's times money is not there, very tight and personal bankruptcy are at a high time for all but most important, job and especially good paying jobs are being dismantle one by one to Walmart standards.
In my marina at least 2 boats are being repossessed each week. What used to be a 5 year wait list, now a slip can be had any day. For us sailors there are desperate attempts to get the young interested in the sport. Look around and one can see the futurity of it all. Attendance is down everywhere one looks. Yacht clubs doing things to attract new members.
After Hunter, I know that Caliber and Valiant have closed their doors, heard that IP, Pacific Seacraft are barely keeping the doors open. American manufacturing in serious trouble.
I hope the future I paint is wrong Dead wrong. One can only hope the sun will once again rise in this great sport.
Catalina 445, Hull #90