Mark Sanders wrote: >Craig, > >I'm not sure you've set your snob setting high enough! I have to admit to >quite a smug feeling as I paddle by the huge yachts in the harbor that never >seem to leave their slip. And as I float around the water at BAR, I can't >help but think of the view I get for free that the house there is trying to >sell for 75 million dollars! > You can set your snobbery dial a bit higher. I saw in the news today that many of those high-priced yachts are headed for Europe as their American owners have defaulted on the loans. The docks are becoming over-loaded with repossessed yachts and dealers are trying to unload them. Some of those subprime loans were used to purchase yachts and the seagulls have come home to roost :-) Jackie *************************************************************************** PaddleWise Paddling Mailing List - Any opinions or suggestions expressed here are solely those of the writer(s). You must assume the entire responsibility for reliance upon them. All postings copyright the author. Submissions: PaddleWise_at_PaddleWise.net Subscriptions: PaddleWise-request_at_PaddleWise.net Website: http://www.paddlewise.net/ ***************************************************************************Received on Wed May 28 2008 - 19:48:48 PDT
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