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02-25-2017, 11:59 AM | #1 |
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Paugus Bay Marina
Just got my new bill from the marina had the nerve to raise there prices $300 bucks for rack storage this year now $3500 for rack storage. We need another recession around here.
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02-25-2017, 12:08 PM | #2 |
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02-25-2017, 03:31 PM | #3 |
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Wow, that's $140 / linear for for a 25 ft boat.
West Alton is limited to 23 ft for valet, and the rate is $100 with a minimum charge for a 20 ft boat (smaller boats pay 20 ft rate). Sent from my GT-P5210 using Winnipesaukee Forum mobile app
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02-25-2017, 04:33 PM | #4 |
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That's a slip payment.
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02-26-2017, 07:06 AM | #5 |
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Wow that seems expensive, that's almost what I pay for a slip at Mountain View.
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02-26-2017, 07:33 AM | #6 |
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Boat Storage
Seems nearly all the marinas charge exorbitant rates!
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02-26-2017, 08:25 AM | #7 |
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I agree, I would think that is what a wet slip would go for, give or take.
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02-26-2017, 10:41 AM | #8 |
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Not only that but you would think they wouldn't be able to charge as much as other marina's just for the fact of having to go through the channel in and out on a busy weekend.
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02-26-2017, 08:48 PM | #9 |
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Does that include more than in and out for the summer? Winter storage? Any services such as winterization? That seems out of whack with the prices for summer rack storage around the lake.
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02-27-2017, 03:30 PM | #10 |
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Exorbitant rates
Supply and demand, when marinas are full and there are waiting lists that's what happens. Capitalism at its best. If you were racking a boat or renting a slip after the recession you reaped the rewards. Now its time to pay the piper as they say.
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02-27-2017, 09:38 PM | #11 |
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Tenant or Landlord?
You can buy or you can rent. Who is ahead at the end?
One of the great things about this forum is that everybody knows what the prices are and can move to a more economical location, or decide that it's worth it to stay put. We're a good example of how an open market should work. And, thanks to sponsors, the Forum is free. Three cheers for the Forum. |
02-28-2017, 12:23 PM | #12 | |
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Quote:
The other advantage to owning is you have a voice in how the property is managed, whereas a renter does not have much input. There have been years in the past where there were waiting lists for slips and other years where rental slips have remained vacant all season. It is all about how the economy is doing. |
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03-06-2017, 09:50 AM | #13 | |
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03-09-2017, 09:30 PM | #14 |
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Rent or buy?
Don't forget that even though you buy a slip there are still marina dues/maintenance fees and TAXES!
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03-10-2017, 09:02 AM | #15 | |
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Slip Costs
Quote:
Everyone has different needs and expectations but once you have bought and paid for your slip you are guaranteed a location every year that costs you in the $2,500 range. That seems like a good deal. And, the town tax portion of that amount is tax deductible. |
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03-10-2017, 09:18 AM | #16 | |
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03-10-2017, 10:03 AM | #17 | |
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03-10-2017, 11:59 AM | #18 |
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Slip taxes
Taxes do not always go up, my slip taxes went down because the assessment was adjusted down. Before the recession they were $996 now they are $667.
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03-10-2017, 01:08 PM | #19 |
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03-10-2017, 02:07 PM | #20 |
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value
I could care less if the value dropped. I didn't buy it to sell it and make money. I bought it use it and I do. Even if I did want to sell now I will still make money at todays values. One of the best decisions I ever made because I paid peanuts compared to prices now, I never worry if the rental price is going up or if the owner is going to sell it, never worry that there is no place to put it. At this point I am ahead of the game compared to renting if I had rented all the years I have owned it.
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03-10-2017, 02:16 PM | #21 |
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Doobs
I know of 2 slips in MVYC that sold for less than $40k in last 2 years, another $60k with a bulkhead. There are others asking below $75K, probably could be had for less. A dock is a different story.
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03-10-2017, 03:09 PM | #22 | |
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03-10-2017, 08:25 PM | #23 |
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I agree. I have a owned a slip at Mountain View since 1996, and I rented there prior to that. I have rented the slip out every year since 2003. The taxes have gone down for the last few years, it is now worth more than twice what I paid for it, and it makes a few dollars every year. What's not to like?
Last edited by TiltonBB; 03-11-2017 at 08:24 AM. |
03-10-2017, 11:22 PM | #24 | |
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Quote:
As always, post the results here. This Forum is a great renegotiating tool. |
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03-11-2017, 01:38 PM | #25 | |
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Shop Around
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03-12-2017, 09:49 AM | #26 |
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Lakeport Landing
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