America's middle class is not the only one hit by the economical crisis, wealthy people too are starting to feel it.
Experts of the yacht industry are really worried after data show that large number of rich people, whit an average income of 20 million or plus, are starting to sell their yachts.
For example John Devaney, founder of united Capital financial advisers, put his 20 million yacht for sale along whit his 16 million second house in Aspen.
Simkowitz's yacht management, is a company specialized on fractional ownership, wich means that organize groups of people to buy one yacht an then manage schedules, costs, times of use for each person of the group.
According to this company the number of rich people selling half of their yacht is rising up after the subprime's crisis.
Fractional buyers are rising on luxury things: Wealthy people start making pools to buy their Ferrari and Lamborghini, to purchase airplanes or helicopters.
In general a recent survey shows that Americans are cutting off purchases of luxury goods, and this is true especially for ultra affluent persons.
So the yacht industry too is starting to experience the consequences of sub prime's crisis.
The consequences of this economical collapse are going to be global and are going to change people's life in the shorts period.
In fact the big issue is not that yacht owners are selling their big boats, the principal problem of our day is that thousands of people already lost their jobs, and even more risk to loose it.
Experts of the yacht industry are really worried after data show that large number of rich people, whit an average income of 20 million or plus, are starting to sell their yachts.
For example John Devaney, founder of united Capital financial advisers, put his 20 million yacht for sale along whit his 16 million second house in Aspen.
Simkowitz's yacht management, is a company specialized on fractional ownership, wich means that organize groups of people to buy one yacht an then manage schedules, costs, times of use for each person of the group.
According to this company the number of rich people selling half of their yacht is rising up after the subprime's crisis.
Fractional buyers are rising on luxury things: Wealthy people start making pools to buy their Ferrari and Lamborghini, to purchase airplanes or helicopters.
In general a recent survey shows that Americans are cutting off purchases of luxury goods, and this is true especially for ultra affluent persons.
So the yacht industry too is starting to experience the consequences of sub prime's crisis.
The consequences of this economical collapse are going to be global and are going to change people's life in the shorts period.
In fact the big issue is not that yacht owners are selling their big boats, the principal problem of our day is that thousands of people already lost their jobs, and even more risk to loose it.
Source...