Economic Tide is Rising for Repo's
May 20th, 2008"From 2000 to 2006, retail sales for the recreational boating industry rose by more than 40 percent, to $39.5 billion, while the average loan amount more than tripled to $141,000. Last year, as real estate faltered, the gears have gone into reverse," says NYT journalist David Streitfeld. Sales have only continued to fall while boat repos have risen dramatically.
2.18.2009
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Ontario, CA
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