Boating Business is Great!! for the Repo Man

[widowmaker]

Sad but article, there's a video too.
Sorry I haven't figured out the hyperlink.

http://www.nytimes.com/2008/05/20/business/20repo.html?hp

 

[wish2fish]

maybe they should have watched this video we had here last week.

http://consumerist.com/consumer/clips/snl-skit-dont-buy-stuff-you-cant-afford-252491.php

 

[Daniel P Thomas]

I purchased 'Dancing on the Water' 20 months ago as a bank repo.
Felt sorry for the guy who lost it, but business is business.
Boat has turned out to be better than I expected, with very little wrong with it.
Just a few electronic upgrades were necessary.
And the bonus is that it is very unusual to buy a boat and have equity in it from day one.
Boat surveyed out after upgrades and cleaning at almost double the purchase price.
Dan