At least we can finally move past those crazy ideas of the past, when we bothered to show interest in expanding the middle class. It's best that we care more about making the rich even richer and forget about everyone else. As long as we have yacht workers (preferably at or near minimum wage), that's all that matters. Sure it's a shame that 50% of the buyers are from overseas but at least we're still creating enough yacht owners at home.
According to Camper & Nicholsons International, a broker of yacht sales and charter contracts, there are about 3,800 yachts over 80 feet in service around the world now. About 1,800 of those have been built since 2000. The study predicts that that by 2010, there will be 5,000 such yachts on the water.
"There's not enough supply," said Ed Slack, editor of International Boat Industry. "It takes two years to build some of these yachts and the demand hasn't slowed down."
So far, Trinity's largest vessel has been a 192-foot yacht that would carry a replacement price of $60 million to $65 million. The company is working a 242-footer that will have a price tag in excess of $90 million.
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