Capital appreciation? I don't see that happening anytime soon. There are LOTS of slips for sale/rent and many other alternatives like rack storage and morings. The inventory is much higher than the demand. Even at $37K my money is doing better at Fidelity. I agree that it sold for a bargain price but from an "investment" standpoint slips have to drop to the mid $20's before it makes sense. Now all things considered I do agree that "owning" your own is good peace of mind and that is a factor that you really can't put a price on. The other factor for me personally is that I live in Gilford and have access to the lake at 3 different locations (Gilford Town Beach, Gunstock Acres Beach, family member in West Alton). The club ammenities have almost $0 value to me. That's pretty important I guess in the big picture.
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