Mega. Super. Giga. Trump. The portfolio of adjectives to describe yachts just keeps growing. Millionaires and billionaires are lining up at marinas like children at a little league concession stand for a chance to own the next piece of luxury real estate. Yes, you heard me. Yachts are now considered luxury real estate.
According to people in the boating industry, people buying floating real estate are more insulated from a troubled housing market and other downturns in the economy. Now that’s what I call a marketing willy. I believe their analysis forgot to factor in the price of gasoline or the repair costs when grandma crashes the boat through the pier. Anyways, w hy have a condo, when all you need is a boat? Sounds pretty obvious. Just ask this guy…
Picture: Sybarites
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