Porsche has full page ads for the Cayman at $589/mo lease. The high end is not doing that good if they are doing incentives. Boat sales are also down. http://www.signonsandiego.com/news/business/20070801-9999-1b1boat.html Now, some have argued that the rich are immune so their housing communities are immune as well. I doubt very much that anything under $5 million is immune to the downturn.
The irony to this is how many americans lease a car they can't normally afford….When I hear about so and so "bought" a high end car, I chuckle because a lot of them are leases. Nothing wrong with leasing if you get a nice tax writeoff because of your biz. But folks that I've seen lease because they can't afford. Oh well.
