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Southern MN | I would think all of the toys purchased (boats, snowmobiles, campers) will deflate when the people who bought them have to start making payments or the economy starts to reflect the damage done by Corona and shutdowns. If times get tough I could see these items deflating for a short period even when we are in an inflationary period. I had a trailer and 2 snowmobiles, one purchased new one used, all of them 8 years old. Owned them all 6 or 7 years sold them last week at basically what I had in them. the toy market is insane right now. The snowmobile we bought new sold for 50% more than I though we could get for it last year. And I have extra shed space! Win/win | |
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2nd round of PPP
