yep. Same goes for RVs...like Sneakers said. Lot of folks are going to take big losses.Isn't that the norm??
It's the perfect time to buy a nice largish (40-60') liveaboard boat cheap though. If you have cash. Nearly all banks won't accept boats more than 20 years old as loan collateral now. I've seen some screaming deals on used Hatteras, Viking etc premium small yachts, where the owners had to accept far less than "book" value because their boat was older than 20 years and nobody came forward with the money they probably should have gotten. Interesting times....Some people are going to make out like bandits but many more are going to see a pretty large decrease in their standard of living.
I can't tell which way our business is going to go but I think it will be mostly "up" since our primary customers these days are offshore wind operators and various naval vessel projects.