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rgnmstr
 
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Default Selling boat slips

IMHO I don't know why anybody would buy a boat slip. First of all most
condo marinas also have annual "condo" fees that come damn near what
the annual rent would be somewhere else. On top of that if the marina
decides to do a big project your charged extra for that too. The big
falicy however is that they tell you that you own it and it will always
go up in value. Hogwash. Every slip "purchase" contract I've ever
seen tells you in the small print that you only "own" it for 99 years.
At what point during this period do you think you wouldn't be able to
get a nickel for it? One of the great things about owning a boat is
that it's moveable and you can take it to new venues anytime you want.

 
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