Monday, March 22, 2010

"Hey, That's My Jet!"

An interesting story in the Wall Street Journal about high-end repo men:

He has reclaimed everything from $18 million Gulfstream jets and Bell helicopters to 110-foot Broward yachts, $500,000 recreational vehicles and even a racehorse. Before the financial crisis, most of the luxury items he pulled in were valued between $30,000 and $50,000. Today, they are valued at $200,000 to $300,000—meaning defaults are hitting people at a much higher income level.

Read the rest here.

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