Boats and the housing market

I was speculating that the housing market is going to really take a big bite out of the boat industry... especially the $40K+ type boats like most of the ones talked about on this site.

I think that alot of people pay for their boats(like I did) by getting a refi. Since most of the loan programs are gone and the rates are through the roof, I think boat companies will really suffer....especially start-ups like Epic.

What do you guys think?