No one is immune to an economic recession Tom Brady Jersey , especially a protracted one. The economic downturn that ended in the summer of 2009 was the worst since the Great Depression. It lasted for about a year and a half and resulted in the highest unemployment and poverty rates in more than a generation. Even the wealthy stopped spending during the Great Recession. The good news is that sales of luxury items are on the rise again.

According to a recent report, sports cars, designer clothing, and fancy watches are selling at a pre-recession pace. With that said, wealthy Americans still seem a bit apprehensive about making big investments. The housing market Rob Gronkowski Jersey , for example, is still in a funk because the rich aren’t buying. But there is one big-ticket item that is more popular than ever.

A yacht is a floating piece of real estate that is expensive to enjoy and to maintain. Docking fees alone can cost tens of thousands of dollars each year, depending on the size of the boat. Not surprisingly, even the über rich stopped buying them when the economy hit the skids. But according to industry insiders, the boat market has rebounded based on the strength of yacht sales.

Sales of boats that were over 80 feet long jumped by more than 10 percent last year! Not to mention the fact that the value of those sales was also up by double digits. What does this tell us? For starters Wholesale Patriots Hats , it is undeniable evidence that the wealthy are willing to spend on big-ticket items once again. This may mean that they have more confidence in the economy, or simply that they didn’t get burned as much as others during the Great Recession. Whatever the reason, yacht brokers are doing better than they have in a blue moon.

Why now?

Buying any big-ticket item is a gamble, especially in the current environment. Housing values are now are at a ten-year low. Like the stock market, there is no sure-fire way to call a bottom and get in at the right price Wholesale Patriots Hoodies , which is why you shouldn’t try. The reason you might want to buy a yacht today has little to do with the price, but rather with the available inventory. So many owners sold their boats during the Great Recession that yacht brokers have impressive selections of vessels of all types and sizes.

Built shortly before the economy tanked, many of these yachts are only a few years old. Opportunities like this don’t come along that often. One thing we can say for certain is that the biggest, most impressive boats almost always go first. Soon after the economy stabilized, yacht brokers started getting calls about the boats they bought during the downturn. These beauties are now selling quite well. Remember Wholesale Patriots Shirts , the market for these floating islands is quite limited, since only the 1 percent (or less) can afford them.