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The 'covid boom was to do with people who would travel , not travelling and having surplus $$$ to blow on a boat. (Surplus what now I hear you ask......- Oh to have that as a problem) Anyway, the current drop off is also priarily due to higher interest rates and it is no longer as cheap to 'chuck it on the mortgage' and sort it out later.....This would compound on top of the travellers travelling again....
I was talking to a freind who's a financial advisor and he said revolving credit and large credi card limits are unobtaininum now for most people.
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