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Superyachts Lose; Kayaks, Sail-Yaks Gain in Topsy-Turvy Financial World

September 21, 2008 at 2:36 PM | by | Comments (0)

Times are tough out there financially, with stock market losses, high energy prices, and creeping unemployment taking a toll on people around the world. But while regular folks like you and me might be hurting from the recent gyrations, nobody suffers like the rich. After all, we might have lost a couple grand in our 401(k) accounts, but they've lost millions in all kinds of accounts.

It's worth paying attention to, of course, because rich people's losses stanch the trickle-down effect that normally keeps the poor world alive and happy. Case in point: the Wall Street Journal reports that businesses that cater to the rich, like yacht builders, are "seeing clients tighten their belts." In fact, the director of BVI-based Northrop & Johnson Yacht and Ship said that one New York investor was trying to put off the planned purchase of a $25 million megayacht, and might walk away from the deal altogether.

For this anonymous suffering rich person, we have one word of advice: kayaks.

That's right, the biggest trend in the history of watercraft and our favorite subject to write about incessantly, the kayak is the answer to your financial woes. Because if you buy a sub-par yacht, you'll be the laughing stock of the marina. But you can probably scrape together enough dough for one of the most kick-ass kayaks on the water, and that will make you the envy of your new peers down at the public boat ramp. Here are some suggestions:

For classic elegance, give the Night Heron in western red cedar a try. This gorgeous wooden kayak is custom-built by Guillemot Kayaks of Groton, Connecticut, and it's so striking that it was even displayed in the Museum of Modern Art.

Then there's the drool-worthy Clear Kayak from Clear Blue Hawaii, which provides a window into the deep that gives you a stellar view of the fish and coral you're gliding over.

One problem I've found with standard kayaks is that my legs fall asleep from inactivity because my upper body does all the work. The righteous dudes over at Hobie solved that problem with the invention of MirageDrive, a special kayak propulsion system that requires users to essentially do a StairMaster motion from a recumbent position, leaving the hands free to take photos, catch fish, type on BlackBerrys, or open beers. It's not cheap, but it is brilliant, as is the company's new line of sail-yaks.

That's right, the Hobie Mirage Adventure Island (pictured) combines the best attributes of kayaks, pedal-boats, and sailboats into one of the niftiest emission-free watercraft I've ever seen. It's as good as it gets, and you're still worth it. After a day on the lake in one of these babies, you'll swear off mega-yachts forever, or at least until the next bull market.  

[Photo: Hobie]

Related Stories:
· As Times Turn Tough, New York's Wealthy Economize [Wall Street Journal]
· Kayaking Coverage [Jaunted]

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