Quote:
Originally Posted by Rich
The rent in some prime slips in our area went from $3500 a year to $5000 a year in the course of 2 years.
I'm told it's "supply and demand", so if you have a need for a slip, you better secure it, and be prepared to pay higher prices, or you may found yourself grounded.
A few years ago, there were plenty of open slips available. and when I offered to sign a long term lease or other agreement, I was told "no thanks", the market goes up and down and the owners are happy to ride the wave.
If you don't think it's fair to pay such prices, don't worry, I'm sure someone else will.
I ended up buying a slip, and now that I've secured a nice slip and I no longer have to worry about an owner renting to someone else, leaving me high and dry.
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At $5,000.00 a season, buying makes sense and I would do as you did. I am not ready for that commitment. Just an opinion....I expect this to be a great year, next year I think a big dip will happen.