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