Snore. Drop it. You lost.


RB
35s5
NY

I've yet to see any condo slips increase in value in my area. Most
people who buy in when a new marina is built have to sell at a loss and
that's if they can find a buyer. Things they never tell you..........
You don't own it. You are usually only "buying" for 99 years which
really makes the pitch that it will always increase in value a big lie.
Any time things need rebuilding you have to anti up. Oh but they do
tell you about annual condo fees. Most of the time if you add a few
hundred bucks to the condo fees you can just rent somewhere else. I
know people who have bought slips only to be told the first season that
"by the way" new shorepower pedestals are going to be installed at the
cost of a grand per slip "owner" The big advantage of renting you can
sailaway at the end of the season if you want.

I've yet to see any condo slips increase in value in my area. Most
people who buy in when a new marina is built have to sell at a loss and

that's if they can find a buyer. Things they never tell you..........
You don't own it. You are usually only "buying" for 99 years which
really makes the pitch that it will always increase in value a big lie.

Any time things need rebuilding you have to anti up. Oh but they do

tell you about annual condo fees.


All true, but consider that you save about 1K per season buy owning it
and prices now are pretty low. If the fixtures are in good condition
and you plan to stay awhile the slip buy at "low cost" may not be a bad
idea. I owned a slip for a while, saved money then sold for only
slighty more than I paid for it. The only real advantage was the
savings vs. renting. It's clearly different from area to area. A 32
foot slip is now renting for around 3600.0 per season here. Owning it
costs just over 2K per year.

RB
35s5
NY